DEMCO: 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.
DEMCO
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Cash -€143,465
down €143,465 (-65.4%), from €219,473 to €76,008
mainly Current investments (-€150,000) and Tax, wage and social debts (-€3,000)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€7,451
down €7,451 (-23.0%), from €32,451 to €25,000
- Financial income +€2,605
new in 2025: €2,605
- Taxes -€1,383
down €1,383 (-46.1%), from €3,000 to €1,617
- Financial charges +€1,364
up €1,364 (+14.7%), from €9,289 to €10,653
- Depreciation -€1,179
down €1,179 (-19.0%), from €6,223 to €5,044
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 | €876,731 | €882,911 | +€6,180 | +0.7% |
| Fixed assets | 21/28 | €654,986 | €649,942 | -€5,044 | -0.8% |
| Tangible fixed assets | 22/27 | €654,986 | €649,942 | -€5,044 | -0.8% |
| Land and buildings | 22 | €654,986 | €649,942 | -€5,044 | -0.8% |
| Current assets | 29/58 | €221,745 | €232,969 | +€11,224 | +5.1% |
| Amounts receivable within one year | 40/41 | - | €2,200 | +€2,200 | |
| Other amounts receivable | 41 | - | €2,200 | +€2,200 | |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €219,473 | €76,008 | -€143,465 | -65.4% |
| Deferred charges and accrued income | 490/1 | €2,272 | €4,761 | +€2,489 | +109.5% |
| Total equity and liabilities | 10/49 | €876,731 | €882,911 | +€6,180 | +0.7% |
| Equity | 10/15 | €722,608 | €727,241 | +€4,633 | +0.6% |
| Contributions | 10/11 | €119,185 | €119,185 | = | 0.0% |
| Revaluation surpluses | 12 | €468,030 | €468,030 | = | 0.0% |
| Reserves | 13 | €135,393 | €140,025 | +€4,633 | +3.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €135,393 | €140,025 | +€4,633 | +3.4% |
| Amounts payable | 17/49 | €154,123 | €155,670 | +€1,547 | +1.0% |
| Amounts payable within one year | 42/48 | €142,175 | €142,228 | +€54 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €2,364 | €2,364 | = | 0.0% |
| Trade debts | 44 | €57 | €249 | +€193 | +339.8% |
| Suppliers | 440/4 | €57 | €249 | +€193 | +339.8% |
| Taxes, remuneration and social security | 45 | €3,000 | €0 | -€3,000 | -100.0% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts payable | 47/48 | €136,754 | €139,615 | +€2,861 | +2.1% |
| Accrued charges and deferred income | 492/3 | €11,948 | €13,442 | +€1,494 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,223 | €5,044 | -€1,179 | -19.0% |
| Other operating charges | 640/8 | €5,564 | €5,658 | +€94 | +1.7% |
| Gross operating margin | 9900 | €32,451 | €25,000 | -€7,451 | -23.0% |
| Operating profit (loss) | 9901 | €20,663 | €14,298 | -€6,365 | -30.8% |
| Financial income | 75/76B | - | €2,605 | +€2,605 | |
| Recurring financial income | 75 | - | €2,605 | +€2,605 | |
| Financial charges | 65/66B | €9,289 | €10,653 | +€1,364 | +14.7% |
| Recurring financial charges | 65 | €9,289 | €10,653 | +€1,364 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €11,374 | €6,250 | -€5,125 | -45.1% |
| Income taxes | 67/77 | €3,000 | €1,617 | -€1,383 | -46.1% |
| Profit (loss) for the period | 9904 | €8,375 | €4,633 | -€3,742 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,375 | €4,633 | -€3,742 | -44.7% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.