DEMAXCO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DEMAXCO
Largest movements
- Cash +€56,406
up €56,406 (+70.4%), from €80,076 to €136,481
mainly Net result for the year (+€79,884) and Depreciation (+€1,896)
- Receivables within one year +€15,512
up €15,512 (+51.8%), from €29,921 to €45,433
of which Trade receivables: +€15,457
- Tangible fixed assets +€3,084
up €3,084 (+39.5%), from €7,810 to €10,894
of which Plant, machinery and equipment: +€2,193
- Reserves +€79,500
up €79,500 (+85.9%), from €92,500 to €172,000
- Gross operating margin +€53,618
up €53,618 (+130%), from €41,145 to €94,764
- Taxes +€964
up €964 (+8.4%), from €11,536 to €12,500
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,007 | €193,998 | +€74,991 | +63.0% |
| Fixed assets | 21/28 | €7,810 | €10,894 | +€3,084 | +39.5% |
| Tangible fixed assets | 22/27 | €7,810 | €10,894 | +€3,084 | +39.5% |
| Plant, machinery and equipment | 23 | €4,578 | €6,772 | +€2,193 | +47.9% |
| Furniture and vehicles | 24 | €3,232 | €4,122 | +€890 | +27.5% |
| Current assets | 29/58 | €111,197 | €183,104 | +€71,907 | +64.7% |
| Amounts receivable within one year | 40/41 | €29,921 | €45,433 | +€15,512 | +51.8% |
| Trade receivables | 40 | €17,021 | €32,477 | +€15,457 | +90.8% |
| Other amounts receivable | 41 | €12,900 | €12,956 | +€56 | +0.4% |
| Cash at bank and in hand | 54/58 | €80,076 | €136,481 | +€56,406 | +70.4% |
| Deferred charges and accrued income | 490/1 | €1,201 | €1,189 | -€11 | -0.9% |
| Total equity and liabilities | 10/49 | €119,007 | €193,998 | +€74,991 | +63.0% |
| Equity | 10/15 | €97,515 | €177,399 | +€79,884 | +81.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €92,500 | €172,000 | +€79,500 | +85.9% |
| Distributable reserves | 133 | €92,500 | €172,000 | +€79,500 | +85.9% |
| Profit (loss) carried forward | 14 | €15 | €399 | +€384 | +2,568% |
| Amounts payable | 17/49 | €21,492 | €16,599 | -€4,893 | -22.8% |
| Amounts payable within one year | 42/48 | €21,492 | €16,599 | -€4,893 | -22.8% |
| Financial debts | 43 | €1,424 | €0 | -€1,424 | -100% |
| Credit institutions | 430/8 | €1,424 | €0 | -€1,424 | -100% |
| Trade debts | 44 | €5,471 | €3,773 | -€1,698 | -31.0% |
| Suppliers | 440/4 | €5,471 | €3,773 | -€1,698 | -31.0% |
| Taxes, remuneration and social security | 45 | €12,998 | €12,827 | -€171 | -1.3% |
| Taxes | 450/3 | €12,998 | €12,827 | -€171 | -1.3% |
| Other amounts payable | 47/48 | €1,600 | €0 | -€1,600 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,896 | +€240 | +14.5% |
| Other operating charges | 640/8 | €396 | €471 | +€76 | +19.1% |
| Gross operating margin | 9900 | €41,145 | €94,764 | +€53,618 | +130% |
| Operating profit (loss) | 9901 | €39,094 | €92,397 | +€53,303 | +136% |
| Financial income | 75/76B | €621 | €666 | +€45 | +7.2% |
| Recurring financial income | 75 | €621 | €666 | +€45 | +7.2% |
| Financial charges | 65/66B | €880 | €679 | -€201 | -22.8% |
| Recurring financial charges | 65 | €880 | €679 | -€201 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €38,836 | €92,384 | +€53,548 | +138% |
| Income taxes | 67/77 | €11,536 | €12,500 | +€964 | +8.4% |
| Profit (loss) for the period | 9904 | €27,299 | €79,884 | +€52,584 | +193% |
| Profit (loss) for the period to be appropriated | 9905 | €27,299 | €79,884 | +€52,584 | +193% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.