DEMCA Training & Consulting: 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.
DEMCA Training & Consulting
Largest movements
- Current investments -€145,743
down €145,743 (-18.1%), from €804,684 to €658,941
- Receivables within one year +€111,005
up €111,005 (+30.6%), from €362,926 to €473,932
of which Trade receivables: +€67,190
- Cash +€62,501
up €62,501 (+19.3%), from €323,492 to €385,994
mainly Current investments (+€145,743) and Net result for the year (+€141,025)
- Reserves +€141,025
up €141,025 (+8.9%), from €1.6m to €1.7m
of which Distributable reserves: +€141,025
- Debts after one year -€67,377
down €67,377 (-74.0%), from €91,028 to €23,651
- Tax, wage and social debts -€64,481
down €64,481 (-67.2%), from €95,981 to €31,500
- Gross operating margin -€196,561
down €196,561 (-67.5%), from €291,325 to €94,764
- Taxes -€65,912
down €65,912 (-64.9%), from €101,530 to €35,617
- Financial income +€39,136
up €39,136 (+60.2%), from €64,990 to €104,127
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 | €1,851,718 | €1,861,016 | +€9,298 | +0.5% |
| Fixed assets | 21/28 | €359,200 | €340,774 | -€18,426 | -5.1% |
| Tangible fixed assets | 22/27 | €359,200 | €340,774 | -€18,426 | -5.1% |
| Land and buildings | 22 | €256,502 | €249,916 | -€6,586 | -2.6% |
| Plant, machinery and equipment | 23 | €84,033 | €76,698 | -€7,335 | -8.7% |
| Furniture and vehicles | 24 | €18,665 | €14,160 | -€4,505 | -24.1% |
| Current assets | 29/58 | €1,492,518 | €1,520,242 | +€27,724 | +1.9% |
| Amounts receivable within one year | 40/41 | €362,926 | €473,932 | +€111,005 | +30.6% |
| Trade receivables | 40 | €179,173 | €246,363 | +€67,190 | +37.5% |
| Other amounts receivable | 41 | €183,753 | €227,569 | +€43,815 | +23.8% |
| Current investments | 50/53 | €804,684 | €658,941 | -€145,743 | -18.1% |
| Cash at bank and in hand | 54/58 | €323,492 | €385,994 | +€62,501 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,415 | €1,376 | -€40 | -2.8% |
| Total equity and liabilities | 10/49 | €1,851,718 | €1,861,016 | +€9,298 | +0.5% |
| Equity | 10/15 | €1,595,929 | €1,736,954 | +€141,025 | +8.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,583,529 | €1,724,554 | +€141,025 | +8.9% |
| Non-distributable reserves | 130/1 | €12,383 | €12,383 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,383 | €12,383 | = | 0.0% |
| Distributable reserves | 133 | €1,571,146 | €1,712,171 | +€141,025 | +9.0% |
| Amounts payable | 17/49 | €255,788 | €124,062 | -€131,727 | -51.5% |
| Amounts payable after more than one year | 17 | €91,028 | €23,651 | -€67,377 | -74.0% |
| Financial debts | 170/4 | €91,028 | €23,651 | -€67,377 | -74.0% |
| Amounts payable within one year | 42/48 | €164,760 | €100,410 | -€64,350 | -39.1% |
| Current portion of amounts payable after more than one year | 42 | €66,725 | €67,377 | +€652 | +1.0% |
| Trade debts | 44 | €2,054 | €1,534 | -€521 | -25.4% |
| Suppliers | 440/4 | €2,054 | €1,534 | -€521 | -25.4% |
| Taxes, remuneration and social security | 45 | €95,981 | €31,500 | -€64,481 | -67.2% |
| Taxes | 450/3 | €95,981 | €31,500 | -€64,481 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,681 | €18,426 | -€255 | -1.4% |
| Other operating charges | 640/8 | €6,103 | €7,499 | +€1,396 | +22.9% |
| Gross operating margin | 9900 | €291,325 | €94,764 | -€196,561 | -67.5% |
| Operating profit (loss) | 9901 | €266,540 | €68,839 | -€197,701 | -74.2% |
| Financial income | 75/76B | €64,990 | €104,127 | +€39,136 | +60.2% |
| Recurring financial income | 75 | €64,990 | €104,127 | +€39,136 | +60.2% |
| Financial charges | 65/66B | -€5,615 | -€3,676 | +€1,938 | +34.5% |
| Recurring financial charges | 65 | -€5,615 | -€3,676 | +€1,938 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €337,146 | €176,642 | -€160,504 | -47.6% |
| Income taxes | 67/77 | €101,530 | €35,617 | -€65,912 | -64.9% |
| Profit (loss) for the period | 9904 | €235,616 | €141,025 | -€94,591 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €235,616 | €141,025 | -€94,591 | -40.1% |
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 24 October 2026 via checked.be.