DEMETS FREDERIC: 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.
DEMETS FREDERIC
Largest movements
- Receivables within one year +€18,073
up €18,073 (+48.4%), from €37,310 to €55,383
of which Trade receivables: +€11,413
- Cash +€16,274
up €16,274, from €0 to €16,274
mainly Trade debts (+€23,783) and Net result for the year (+€11,038)
- Stocks and contracts -€6,917
down €6,917 (-66.4%), from €10,423 to €3,506
- Tangible fixed assets -€6,335
down €6,335 (-59.4%), from €10,663 to €4,328
of which Furniture and vehicles: -€5,899
- Financial fixed assets +€1,500
up €1,500 (+250.0%), from €600 to €2,100
- Trade debts +€23,783
up €23,783 (+117.0%), from €20,330 to €44,113
- Profit (loss) carried forward +€11,038
up €11,038 (+55.4%), from -€19,914 to -€8,875
- Current portion of long-term debt -€5,048
down €5,048 (-53.6%), from €9,423 to €4,375
- Short-term financial debts -€3,928
down €3,928 (-100.0%), from €3,928 to €0
- Tax, wage and social debts -€3,460
down €3,460 (-27.4%), from €12,635 to €9,174
- Gross operating margin +€29,683
up €29,683, from -€7,337 to €22,345
- Staff costs -€2,320
down €2,320 (-98.8%), from €2,348 to €28
- Financial charges +€1,056
up €1,056 (+44.4%), from €2,378 to €3,434
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 | €59,845 | €82,230 | +€22,385 | +37.4% |
| Fixed assets | 21/28 | €11,263 | €6,428 | -€4,835 | -42.9% |
| Tangible fixed assets | 22/27 | €10,663 | €4,328 | -€6,335 | -59.4% |
| Land and buildings | 22 | €3,239 | €2,998 | -€241 | -7.4% |
| Plant, machinery and equipment | 23 | €229 | €35 | -€194 | -84.7% |
| Furniture and vehicles | 24 | €7,195 | €1,295 | -€5,899 | -82.0% |
| Financial fixed assets | 28 | €600 | €2,100 | +€1,500 | +250.0% |
| Current assets | 29/58 | €48,583 | €75,802 | +€27,219 | +56.0% |
| Stocks and contracts in progress | 3 | €10,423 | €3,506 | -€6,917 | -66.4% |
| Stocks | 30/36 | €10,423 | €3,506 | -€6,917 | -66.4% |
| Amounts receivable within one year | 40/41 | €37,310 | €55,383 | +€18,073 | +48.4% |
| Trade receivables | 40 | €17,978 | €29,391 | +€11,413 | +63.5% |
| Other amounts receivable | 41 | €19,332 | €25,993 | +€6,661 | +34.5% |
| Cash at bank and in hand | 54/58 | €0 | €16,274 | +€16,274 | |
| Deferred charges and accrued income | 490/1 | €850 | €639 | -€211 | -24.8% |
| Total equity and liabilities | 10/49 | €59,845 | €82,230 | +€22,385 | +37.4% |
| Equity | 10/15 | €13,529 | €24,567 | +€11,038 | +81.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,443 | €28,443 | = | 0.0% |
| Distributable reserves | 133 | €28,443 | €28,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,914 | -€8,875 | +€11,038 | +55.4% |
| Amounts payable | 17/49 | €46,316 | €57,662 | +€11,346 | +24.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €46,316 | €57,662 | +€11,346 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €9,423 | €4,375 | -€5,048 | -53.6% |
| Financial debts | 43 | €3,928 | €0 | -€3,928 | -100.0% |
| Credit institutions | 430/8 | €3,928 | €0 | -€3,928 | -100.0% |
| Trade debts | 44 | €20,330 | €44,113 | +€23,783 | +117.0% |
| Suppliers | 440/4 | €20,330 | €44,113 | +€23,783 | +117.0% |
| Taxes, remuneration and social security | 45 | €12,635 | €9,174 | -€3,460 | -27.4% |
| Taxes | 450/3 | €12,635 | €9,174 | -€3,460 | -27.4% |
| Remuneration, social security and pensions | 62 | €2,348 | €28 | -€2,320 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,351 | €6,335 | -€16 | -0.2% |
| Other operating charges | 640/8 | €1,339 | €1,361 | +€22 | +1.6% |
| Gross operating margin | 9900 | -€7,337 | €22,345 | +€29,683 | |
| Operating profit (loss) | 9901 | -€17,375 | €14,623 | +€31,997 | |
| Financial income | 75/76B | €0 | €188 | +€188 | |
| Recurring financial income | 75 | €0 | €188 | +€188 | |
| Financial charges | 65/66B | €2,378 | €3,434 | +€1,056 | +44.4% |
| Recurring financial charges | 65 | €2,378 | €3,434 | +€1,056 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,753 | €11,376 | +€31,129 | |
| Income taxes | 67/77 | €161 | €338 | +€177 | +109.9% |
| Profit (loss) for the period | 9904 | -€19,914 | €11,038 | +€30,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,914 | €11,038 | +€30,952 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.