DEMCA MANAGEMENT: what changed
Two fiscal 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.
DEMCA MANAGEMENT
Largest movements
- Cash +€69,292
up €69,292 (+109.0%), from €63,583 to €132,875
mainly Other debts (+€77,852) and Net result for the year (+€15,247)
- Other debts +€77,852
up €77,852 (+39.8%), from €195,383 to €273,235
- Debts after one year -€20,440
down €20,440 (-27.5%), from €74,360 to €53,920
- Profit (loss) carried forward +€15,247
up €15,247 (+4.3%), from €351,405 to €366,652
- Financial income -€100,000
no longer reported in 2025 (was €100,000)
- Financial charges -€332
down €332 (-20.4%), from €1,628 to €1,296
- Taxes -€235
down €235 (-4.3%), from €5,478 to €5,243
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.
Cash bridge derived
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 | €673,665 | €747,376 | +€73,711 | +10.9% |
| Fixed assets | 21/28 | €576,000 | €576,000 | = | 0.0% |
| Financial fixed assets | 28 | €576,000 | €576,000 | = | 0.0% |
| Current assets | 29/58 | €97,665 | €171,376 | +€73,711 | +75.5% |
| Amounts receivable within one year | 40/41 | €34,082 | €38,501 | +€4,419 | +13.0% |
| Other amounts receivable | 41 | €34,082 | €38,501 | +€4,419 | +13.0% |
| Cash at bank and in hand | 54/58 | €63,583 | €132,875 | +€69,292 | +109.0% |
| Total equity and liabilities | 10/49 | €673,665 | €747,376 | +€73,711 | +10.9% |
| Equity | 10/15 | €373,405 | €388,652 | +€15,247 | +4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €351,405 | €366,652 | +€15,247 | +4.3% |
| Amounts payable | 17/49 | €300,260 | €358,724 | +€58,464 | +19.5% |
| Amounts payable after more than one year | 17 | €74,360 | €53,920 | -€20,440 | -27.5% |
| Financial debts | 170/4 | €74,360 | €53,920 | -€20,440 | -27.5% |
| Amounts payable within one year | 42/48 | €225,900 | €304,804 | +€78,904 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €20,203 | €25,440 | +€5,237 | +25.9% |
| Trade debts | 44 | €348 | €408 | +€60 | +17.2% |
| Suppliers | 440/4 | €348 | €408 | +€60 | +17.2% |
| Taxes, remuneration and social security | 45 | €9,966 | €5,721 | -€4,245 | -42.6% |
| Taxes | 450/3 | €9,966 | €5,721 | -€4,245 | -42.6% |
| Other amounts payable | 47/48 | €195,383 | €273,235 | +€77,852 | +39.8% |
| Other operating charges | 640/8 | - | €60 | +€60 | |
| Gross operating margin | 9900 | €21,730 | €21,846 | +€116 | +0.5% |
| Operating profit (loss) | 9901 | €21,730 | €21,786 | +€56 | +0.3% |
| Financial income | 75/76B | €100,000 | - | -€100,000 | |
| Recurring financial income | 75 | €100,000 | - | -€100,000 | |
| Financial charges | 65/66B | €1,628 | €1,296 | -€332 | -20.4% |
| Recurring financial charges | 65 | €1,628 | €1,296 | -€332 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €120,102 | €20,490 | -€99,612 | -82.9% |
| Income taxes | 67/77 | €5,478 | €5,243 | -€235 | -4.3% |
| Profit (loss) for the period | 9904 | €114,624 | €15,247 | -€99,377 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,624 | €15,247 | -€99,377 | -86.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.