DEMCOTRANS: what changed
DEMCOTRANS
Largest movements
- Tangible fixed assets +€122,251
up €122,251 (+58.3%), from €209,867 to €332,118
of which Furniture and vehicles: +€131,655
- Cash +€21,690
up €21,690 (+449%), from €4,831 to €26,521
mainly Debts after one year (+€95,970) and Depreciation (+€80,298)
- Debts after one year +€95,970
up €95,970 (+967%), from €9,921 to €105,891
- Reserves +€46,619
up €46,619 (+38.9%), from €119,776 to €166,394
- Current portion of long-term debt +€20,286
up €20,286 (+105%), from €19,395 to €39,680
- Other debts -€15,952
down €15,952 (-16.8%), from €94,879 to €78,927
- Tax, wage and social debts +€4,561
up €4,561 (+28.6%), from €15,947 to €20,508
of which Remuneration and social security: +€2,500
- Gross operating margin +€49,881
up €49,881 (+43.7%), from €114,165 to €164,045
- Depreciation +€32,161
up €32,161 (+66.8%), from €48,138 to €80,298
- Taxes +€8,242
up €8,242 (+55.9%), from €14,755 to €22,997
- Other operating charges -€2,333
down €2,333 (-40.5%), from €5,765 to €3,431
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,400 | €434,340 | +€145,941 | +50.6% |
| Fixed assets | 21/28 | €209,867 | €335,118 | +€125,251 | +59.7% |
| Tangible fixed assets | 22/27 | €209,867 | €332,118 | +€122,251 | +58.3% |
| Land and buildings | 22 | €97,784 | €86,653 | -€11,131 | -11.4% |
| Plant, machinery and equipment | 23 | €2,334 | €4,061 | +€1,727 | +74.0% |
| Furniture and vehicles | 24 | €109,749 | €241,404 | +€131,655 | +120% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €78,533 | €99,223 | +€20,690 | +26.3% |
| Amounts receivable within one year | 40/41 | €66,523 | €67,586 | +€1,063 | +1.6% |
| Trade receivables | 40 | €63,683 | €58,491 | -€5,192 | -8.2% |
| Other amounts receivable | 41 | €2,840 | €9,095 | +€6,255 | +220% |
| Cash at bank and in hand | 54/58 | €4,831 | €26,521 | +€21,690 | +449% |
| Deferred charges and accrued income | 490/1 | €7,179 | €5,116 | -€2,063 | -28.7% |
| Total equity and liabilities | 10/49 | €288,400 | €434,340 | +€145,941 | +50.6% |
| Equity | 10/15 | €126,839 | €173,457 | +€46,619 | +36.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €119,776 | €166,394 | +€46,619 | +38.9% |
| Distributable reserves | 133 | €119,776 | €166,394 | +€46,619 | +38.9% |
| Profit (loss) carried forward | 14 | €863 | €863 | = | 0.0% |
| Amounts payable | 17/49 | €161,561 | €260,883 | +€99,322 | +61.5% |
| Amounts payable after more than one year | 17 | €9,921 | €105,891 | +€95,970 | +967% |
| Financial debts | 170/4 | €9,921 | €105,891 | +€95,970 | +967% |
| Amounts payable within one year | 42/48 | €143,853 | €148,922 | +€5,070 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €19,395 | €39,680 | +€20,286 | +105% |
| Trade debts | 44 | €13,632 | €9,807 | -€3,825 | -28.1% |
| Suppliers | 440/4 | €13,632 | €9,807 | -€3,825 | -28.1% |
| Taxes, remuneration and social security | 45 | €15,947 | €20,508 | +€4,561 | +28.6% |
| Taxes | 450/3 | €15,947 | €18,008 | +€2,061 | +12.9% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €94,879 | €78,927 | -€15,952 | -16.8% |
| Accrued charges and deferred income | 492/3 | €7,787 | €6,070 | -€1,718 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,138 | €80,298 | +€32,161 | +66.8% |
| Other operating charges | 640/8 | €5,765 | €3,431 | -€2,333 | -40.5% |
| Non-recurring operating charges | 66A | €1,500 | - | -€1,500 | |
| Gross operating margin | 9900 | €114,165 | €164,045 | +€49,881 | +43.7% |
| Operating profit (loss) | 9901 | €58,762 | €80,315 | +€21,553 | +36.7% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.5% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.5% |
| Financial charges | 65/66B | €10,593 | €10,699 | +€106 | +1.0% |
| Recurring financial charges | 65 | €10,593 | €10,699 | +€106 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €48,171 | €69,616 | +€21,445 | +44.5% |
| Income taxes | 67/77 | €14,755 | €22,997 | +€8,242 | +55.9% |
| Profit (loss) for the period | 9904 | €33,416 | €46,619 | +€13,203 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,416 | €46,619 | +€13,203 | +39.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.