Demeter Capital: 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.
Demeter Capital
Largest movements
- Cash -€2,020
down €2,020 (-66.1%), from €3,055 to €1,035
mainly Net result for the year (-€2,479) and Trade debts (-€2,099)
- Profit (loss) carried forward -€2,479
down €2,479 (-127.5%), from -€1,944 to -€4,423
- Other debts +€2,326
up €2,326 (+146.2%), from €1,591 to €3,917
- Trade debts -€2,099
down €2,099 (-84.7%), from €2,478 to €379
- Tax, wage and social debts +€232
up €232 (+53.8%), from €432 to €664
- Gross operating margin -€1,000
down €1,000 (-55.0%), from €1,820 to €819
- Other operating charges -€263
down €263 (-39.8%), from €661 to €398
- Taxes -€200
down €200 (-46.2%), from €432 to €232
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 | €3,556 | €1,536 | -€2,020 | -56.8% |
| Fixed assets | 21/28 | €501 | €501 | = | 0.0% |
| Financial fixed assets | 28 | €501 | €501 | = | 0.0% |
| Current assets | 29/58 | €3,055 | €1,035 | -€2,020 | -66.1% |
| Cash at bank and in hand | 54/58 | €3,055 | €1,035 | -€2,020 | -66.1% |
| Total equity and liabilities | 10/49 | €3,556 | €1,536 | -€2,020 | -56.8% |
| Equity | 10/15 | -€944 | -€3,423 | -€2,479 | -262.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,944 | -€4,423 | -€2,479 | -127.5% |
| Amounts payable | 17/49 | €4,500 | €4,959 | +€459 | +10.2% |
| Amounts payable within one year | 42/48 | €4,500 | €4,959 | +€459 | +10.2% |
| Trade debts | 44 | €2,478 | €379 | -€2,099 | -84.7% |
| Suppliers | 440/4 | €2,478 | €379 | -€2,099 | -84.7% |
| Taxes, remuneration and social security | 45 | €432 | €664 | +€232 | +53.8% |
| Taxes | 450/3 | €432 | €664 | +€232 | +53.8% |
| Other amounts payable | 47/48 | €1,591 | €3,917 | +€2,326 | +146.2% |
| Other operating charges | 640/8 | €661 | €398 | -€263 | -39.8% |
| Gross operating margin | 9900 | €1,820 | €819 | -€1,000 | -55.0% |
| Operating profit (loss) | 9901 | €1,158 | €422 | -€737 | -63.6% |
| Financial charges | 65/66B | €2,671 | €2,669 | -€2 | -0.1% |
| Recurring financial charges | 65 | €2,671 | €2,669 | -€2 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,512 | -€2,247 | -€735 | -48.6% |
| Income taxes | 67/77 | €432 | €232 | -€200 | -46.2% |
| Profit (loss) for the period | 9904 | -€1,944 | -€2,479 | -€535 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,944 | -€2,479 | -€535 | -27.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.