DEMFIX: 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.
DEMFIX
Largest movements
- Receivables within one year -€22,716
down €22,716 (-9.2%), from €245,682 to €222,966
of which Trade receivables: -€25,344
- Cash -€17,713
down €17,713 (-73.7%), from €24,038 to €6,325
mainly Net result for the year (-€30,741) and Trade debts (-€16,561)
- Deferred charges and accrued income -€4,118
down €4,118 (-83.6%), from €4,925 to €807
- Profit (loss) carried forward -€30,741
down €30,741 (-30.1%), from €102,043 to €71,302
- Trade debts -€16,561
down €16,561 (-13.7%), from €120,917 to €104,356
- Gross operating margin -€58,178
down €58,178 (-75.6%), from €76,936 to €18,758
- Financial income +€12,388
up €12,388 (+967%), from €1,281 to €13,669
- Staff costs +€2,367
up €2,367 (+5.0%), from €47,015 to €49,382
- Taxes +€1,373
up €1,373 (+16.7%), from €8,213 to €9,586
- Other operating charges -€1,349
down €1,349 (-45.6%), from €2,956 to €1,607
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 | €282,566 | €237,144 | -€45,422 | -16.1% |
| Fixed assets | 21/28 | €7,921 | €7,046 | -€875 | -11.0% |
| Tangible fixed assets | 22/27 | €2,771 | €1,896 | -€875 | -31.6% |
| Furniture and vehicles | 24 | €2,771 | €1,896 | -€875 | -31.6% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €274,645 | €230,098 | -€44,547 | -16.2% |
| Amounts receivable within one year | 40/41 | €245,682 | €222,966 | -€22,716 | -9.2% |
| Trade receivables | 40 | €216,874 | €191,530 | -€25,344 | -11.7% |
| Other amounts receivable | 41 | €28,808 | €31,436 | +€2,628 | +9.1% |
| Cash at bank and in hand | 54/58 | €24,038 | €6,325 | -€17,713 | -73.7% |
| Deferred charges and accrued income | 490/1 | €4,925 | €807 | -€4,118 | -83.6% |
| Total equity and liabilities | 10/49 | €282,566 | €237,144 | -€45,422 | -16.1% |
| Equity | 10/15 | €122,503 | €91,762 | -€30,741 | -25.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,043 | €71,302 | -€30,741 | -30.1% |
| Amounts payable | 17/49 | €160,063 | €145,382 | -€14,681 | -9.2% |
| Amounts payable within one year | 42/48 | €160,063 | €145,382 | -€14,681 | -9.2% |
| Financial debts | 43 | €11,331 | €11,323 | -€8 | -0.1% |
| Other loans | 439 | €11,331 | €11,323 | -€8 | -0.1% |
| Trade debts | 44 | €120,917 | €104,356 | -€16,561 | -13.7% |
| Suppliers | 440/4 | €120,917 | €104,356 | -€16,561 | -13.7% |
| Taxes, remuneration and social security | 45 | €14,425 | €16,513 | +€2,088 | +14.5% |
| Taxes | 450/3 | €5,273 | €9,795 | +€4,522 | +85.8% |
| Remuneration and social security | 454/9 | €9,152 | €6,718 | -€2,434 | -26.6% |
| Other amounts payable | 47/48 | €13,390 | €13,190 | -€200 | -1.5% |
| Remuneration, social security and pensions | 62 | €47,015 | €49,382 | +€2,367 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €729 | €875 | +€146 | +20.0% |
| Other operating charges | 640/8 | €2,956 | €1,607 | -€1,349 | -45.6% |
| Non-recurring operating charges | 66A | €1,063 | - | -€1,063 | |
| Gross operating margin | 9900 | €76,936 | €18,758 | -€58,178 | -75.6% |
| Operating profit (loss) | 9901 | €25,173 | -€33,106 | -€58,279 | |
| Financial income | 75/76B | €1,281 | €13,669 | +€12,388 | +967% |
| Recurring financial income | 75 | €1,281 | €13,669 | +€12,388 | +967% |
| Financial charges | 65/66B | €1,008 | €1,718 | +€710 | +70.4% |
| Recurring financial charges | 65 | €1,008 | €1,173 | +€165 | +16.4% |
| Non-recurring financial charges | 66B | - | €545 | +€545 | |
| Profit (loss) for the period before taxes | 9903 | €25,446 | -€21,155 | -€46,601 | |
| Income taxes | 67/77 | €8,213 | €9,586 | +€1,373 | +16.7% |
| Profit (loss) for the period | 9904 | €17,233 | -€30,741 | -€47,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,233 | -€30,741 | -€47,974 |
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 18 October 2026 via checked.be.