DEMCO: 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.
DEMCO
Largest movements
- Tangible fixed assets -€9,557
down €9,557 (-2.5%), from €384,163 to €374,607
- Profit (loss) carried forward -€26,197
down €26,197 (-66.5%), from €39,375 to €13,178
- Other debts +€24,547
up €24,547 (+10.7%), from €229,552 to €254,099
- Reserves -€7,308
down €7,308 (-24.4%), from €29,906 to €22,597
of which Tax-exempt reserves: -€7,308
- Depreciation +€35,796
up €35,796 (+617.1%), from €5,801 to €41,597
- Gross operating margin +€4,584
up €4,584 (+64.5%), from €7,111 to €11,695
- Other operating charges +€1,271
up €1,271 (+55.4%), from €2,295 to €3,566
- Taxes -€1,177
no longer reported in 2024 (was €1,177)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,832 | €389,875 | -€8,958 | -2.2% |
| Fixed assets | 21/28 | €384,163 | €374,607 | -€9,557 | -2.5% |
| Tangible fixed assets | 22/27 | €384,163 | €374,607 | -€9,557 | -2.5% |
| Land and buildings | 22 | €384,163 | €374,607 | -€9,557 | -2.5% |
| Current assets | 29/58 | €14,669 | €15,268 | +€599 | +4.1% |
| Cash at bank and in hand | 54/58 | €14,669 | €15,268 | +€599 | +4.1% |
| Total equity and liabilities | 10/49 | €398,832 | €389,875 | -€8,958 | -2.2% |
| Equity | 10/15 | €169,281 | €135,776 | -€33,505 | -19.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €29,906 | €22,597 | -€7,308 | -24.4% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,308 | - | -€7,308 | |
| Distributable reserves | 133 | €17,597 | €17,597 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,375 | €13,178 | -€26,197 | -66.5% |
| Amounts payable | 17/49 | €229,552 | €254,099 | +€24,547 | +10.7% |
| Amounts payable within one year | 42/48 | €229,552 | €254,099 | +€24,547 | +10.7% |
| Other amounts payable | 47/48 | €229,552 | €254,099 | +€24,547 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,801 | €41,597 | +€35,796 | +617.1% |
| Other operating charges | 640/8 | €2,295 | €3,566 | +€1,271 | +55.4% |
| Gross operating margin | 9900 | €7,111 | €11,695 | +€4,584 | +64.5% |
| Operating profit (loss) | 9901 | -€985 | -€33,467 | -€32,482 | -3296.8% |
| Financial charges | 65/66B | €33 | €38 | +€5 | +13.6% |
| Recurring financial charges | 65 | €33 | €38 | +€5 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,018 | -€33,505 | -€32,487 | -3190.4% |
| Income taxes | 67/77 | €1,177 | - | -€1,177 | |
| Profit (loss) for the period | 9904 | -€2,195 | -€33,505 | -€31,310 | -1426.3% |
| Transfer from tax-exempt reserves | 789 | €2,728 | €7,308 | +€4,580 | +167.9% |
| Profit (loss) for the period to be appropriated | 9905 | €533 | -€26,197 | -€26,730 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.