DEMAZY Max: 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.
DEMAZY Max
Largest movements
- Tangible fixed assets -€10,673
down €10,673 (-5.8%), from €185,224 to €174,551
of which Land and buildings: -€9,788
- Receivables within one year -€9,979
down €9,979 (-4.7%), from €212,338 to €202,359
of which Trade receivables: -€7,140
- Cash +€7,148
up €7,148 (+6.5%), from €110,466 to €117,613
mainly Depreciation (+€21,788) and Net result for the year (+€20,702)
- Debts after one year -€29,658
down €29,658 (-27.1%), from €109,347 to €79,690
- Profit (loss) carried forward +€20,770
up €20,770 (+11.0%), from €188,923 to €209,693
- Trade debts +€15,084
up €15,084 (+35.5%), from €42,512 to €57,597
- Tax, wage and social debts -€14,141
down €14,141 (-48.1%), from €29,398 to €15,257
of which Taxes: -€14,141
- Gross operating margin -€174,735
down €174,735 (-74.9%), from €233,392 to €58,657
- Taxes -€11,591
down €11,591 (-66.1%), from €17,530 to €5,939
- Write-downs -€11,167
down €11,167 (-100%), from €11,167 to €0
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 | €539,429 | €530,150 | -€9,279 | -1.7% |
| Fixed assets | 21/28 | €185,340 | €174,551 | -€10,789 | -5.8% |
| Intangible fixed assets | 21 | €117 | €0 | -€117 | -100% |
| Tangible fixed assets | 22/27 | €185,224 | €174,551 | -€10,673 | -5.8% |
| Land and buildings | 22 | €152,241 | €142,454 | -€9,788 | -6.4% |
| Plant, machinery and equipment | 23 | €9,486 | €7,749 | -€1,737 | -18.3% |
| Furniture and vehicles | 24 | €23,497 | €24,348 | +€851 | +3.6% |
| Current assets | 29/58 | €354,089 | €355,599 | +€1,510 | +0.4% |
| Stocks and contracts in progress | 3 | €29,801 | €33,960 | +€4,159 | +14.0% |
| Stocks | 30/36 | €29,801 | €33,960 | +€4,159 | +14.0% |
| Amounts receivable within one year | 40/41 | €212,338 | €202,359 | -€9,979 | -4.7% |
| Trade receivables | 40 | €197,903 | €190,764 | -€7,140 | -3.6% |
| Other amounts receivable | 41 | €14,434 | €11,595 | -€2,839 | -19.7% |
| Cash at bank and in hand | 54/58 | €110,466 | €117,613 | +€7,148 | +6.5% |
| Deferred charges and accrued income | 490/1 | €1,484 | €1,667 | +€183 | +12.3% |
| Total equity and liabilities | 10/49 | €539,429 | €530,150 | -€9,279 | -1.7% |
| Equity | 10/15 | €278,158 | €298,928 | +€20,770 | +7.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €68,775 | €68,775 | = | 0.0% |
| Distributable reserves | 133 | €68,775 | €68,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,923 | €209,693 | +€20,770 | +11.0% |
| Amounts payable | 17/49 | €261,270 | €231,222 | -€30,049 | -11.5% |
| Amounts payable after more than one year | 17 | €109,347 | €79,690 | -€29,658 | -27.1% |
| Financial debts | 170/4 | €109,347 | €79,690 | -€29,658 | -27.1% |
| Amounts payable within one year | 42/48 | €151,640 | €151,388 | -€252 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €30,859 | €31,333 | +€474 | +1.5% |
| Trade debts | 44 | €42,512 | €57,597 | +€15,084 | +35.5% |
| Suppliers | 440/4 | €42,512 | €57,597 | +€15,084 | +35.5% |
| Taxes, remuneration and social security | 45 | €29,398 | €15,257 | -€14,141 | -48.1% |
| Taxes | 450/3 | €19,398 | €5,257 | -€14,141 | -72.9% |
| Remuneration and social security | 454/9 | €10,000 | €10,000 | = | 0.0% |
| Other amounts payable | 47/48 | €48,870 | €47,201 | -€1,669 | -3.4% |
| Accrued charges and deferred income | 492/3 | €283 | €144 | -€139 | -49.1% |
| Remuneration, social security and pensions | 62 | €1,696 | €1,696 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,545 | €21,788 | +€243 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,167 | €0 | -€11,167 | -100% |
| Other operating charges | 640/8 | €7,444 | €5,182 | -€2,263 | -30.4% |
| Gross operating margin | 9900 | €233,392 | €58,657 | -€174,735 | -74.9% |
| Operating profit (loss) | 9901 | €191,539 | €29,991 | -€161,548 | -84.3% |
| Financial income | 75/76B | €18 | €3 | -€15 | -82.1% |
| Recurring financial income | 75 | €18 | €3 | -€15 | -82.1% |
| Financial charges | 65/66B | €3,505 | €3,353 | -€152 | -4.3% |
| Recurring financial charges | 65 | €3,505 | €3,353 | -€152 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €188,052 | €26,641 | -€161,411 | -85.8% |
| Income taxes | 67/77 | €17,530 | €5,939 | -€11,591 | -66.1% |
| Profit (loss) for the period | 9904 | €170,523 | €20,702 | -€149,821 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €170,523 | €20,702 | -€149,821 | -87.9% |
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 19 October 2026 via checked.be.