DEMCO QUARTZ: 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 QUARTZ
Largest movements
- Receivables within one year +€99,492
up €99,492 (+105%), from €94,585 to €194,077
of which Trade receivables: +€98,309
- Cash +€11,218
up €11,218 (+95.7%), from €11,719 to €22,937
mainly Trade debts (+€162,200) and Net result for the year (+€29,091)
- Trade debts +€162,200
up €162,200 (+199%), from €81,473 to €243,672
- Debts after one year -€80,500
down €80,500 (-53.7%), from €150,000 to €69,500
- Reserves +€29,000
up €29,000 (+294%), from €9,860 to €38,860
of which Distributable reserves: +€29,000
- Short-term financial debts -€10,000
no longer reported in 2024 (was €10,000)
- Gross operating margin +€23,652
up €23,652 (+29.2%), from €81,040 to €104,692
- Financial charges -€9,724
down €9,724 (-53.6%), from €18,132 to €8,408
of which Financial charges: -€7,531
- Taxes +€6,576
up €6,576 (+88.3%), from €7,450 to €14,027
- Depreciation +€6,203
up €6,203 (+109%), from €5,688 to €11,891
- Other operating charges +€2,668
up €2,668 (+156%), from €1,709 to €4,376
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.
Derived cash bridge
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 | €477,966 | €582,043 | +€104,077 | +21.8% |
| Fixed assets | 21/28 | €52,816 | €50,381 | -€2,435 | -4.6% |
| Intangible fixed assets | 21 | €3,958 | €3,061 | -€897 | -22.7% |
| Tangible fixed assets | 22/27 | €39,396 | €35,358 | -€4,038 | -10.2% |
| Furniture and vehicles | 24 | €39,396 | €31,830 | -€7,566 | -19.2% |
| Other tangible fixed assets | 26 | - | €3,528 | +€3,528 | |
| Financial fixed assets | 28 | €9,462 | €11,962 | +€2,500 | +26.4% |
| Current assets | 29/58 | €425,150 | €531,662 | +€106,512 | +25.1% |
| Stocks and contracts in progress | 3 | €308,221 | €304,010 | -€4,211 | -1.4% |
| Stocks | 30/36 | €308,221 | €304,010 | -€4,211 | -1.4% |
| Amounts receivable within one year | 40/41 | €94,585 | €194,077 | +€99,492 | +105% |
| Trade receivables | 40 | €91,785 | €190,094 | +€98,309 | +107% |
| Other amounts receivable | 41 | €2,800 | €3,982 | +€1,182 | +42.2% |
| Cash at bank and in hand | 54/58 | €11,719 | €22,937 | +€11,218 | +95.7% |
| Deferred charges and accrued income | 490/1 | €10,625 | €10,639 | +€14 | +0.1% |
| Total equity and liabilities | 10/49 | €477,966 | €582,043 | +€104,077 | +21.8% |
| Equity | 10/15 | €176,747 | €205,838 | +€29,091 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,860 | €38,860 | +€29,000 | +294% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €37,000 | +€29,000 | +363% |
| Profit (loss) carried forward | 14 | €160,687 | €160,778 | +€91 | +0.1% |
| Amounts payable | 17/49 | €301,218 | €376,205 | +€74,986 | +24.9% |
| Amounts payable after more than one year | 17 | €150,000 | €69,500 | -€80,500 | -53.7% |
| Other amounts payable | 178/9 | €150,000 | €69,500 | -€80,500 | -53.7% |
| Amounts payable within one year | 42/48 | €151,218 | €305,705 | +€154,486 | +102% |
| Current portion of amounts payable after more than one year | 42 | €9,364 | €5,292 | -€4,072 | -43.5% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €81,473 | €243,672 | +€162,200 | +199% |
| Suppliers | 440/4 | €81,473 | €243,672 | +€162,200 | +199% |
| Taxes, remuneration and social security | 45 | €19,668 | €24,202 | +€4,534 | +23.1% |
| Taxes | 450/3 | €11,616 | €16,610 | +€4,994 | +43.0% |
| Remuneration and social security | 454/9 | €8,052 | €7,592 | -€460 | -5.7% |
| Other amounts payable | 47/48 | €30,713 | €32,538 | +€1,824 | +5.9% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €40,241 | €38,964 | -€1,277 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,688 | €11,891 | +€6,203 | +109% |
| Other operating charges | 640/8 | €1,709 | €4,376 | +€2,668 | +156% |
| Gross operating margin | 9900 | €81,040 | €104,692 | +€23,652 | +29.2% |
| Operating profit (loss) | 9901 | €33,402 | €49,460 | +€16,058 | +48.1% |
| Financial income | 75/76B | €255 | €2,066 | +€1,810 | +709% |
| Recurring financial income | 75 | €255 | €2,066 | +€1,810 | +709% |
| Non-recurring financial income | 76B | €255 | - | -€255 | |
| Financial charges | 65/66B | €18,132 | €8,408 | -€9,724 | -53.6% |
| Recurring financial charges | 65 | €15,939 | €8,408 | -€7,531 | -47.2% |
| Non-recurring financial charges | 66B | €2,193 | - | -€2,193 | |
| Profit (loss) for the period before taxes | 9903 | €15,526 | €43,118 | +€27,592 | +178% |
| Income taxes | 67/77 | €7,450 | €14,027 | +€6,576 | +88.3% |
| Profit (loss) for the period | 9904 | €8,075 | €29,091 | +€21,016 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €8,075 | €29,091 | +€21,016 | +260% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.