DEMI: 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.
DEMI
Largest movements
- Cash +€95,133
up €95,133 (+331%), from €28,725 to €123,858
mainly Other debts (+€156,000) and Receivables within one year (+€71,777)
- Tangible fixed assets +€93,398
up €93,398 (+26.5%), from €352,159 to €445,556
of which Furniture and vehicles: +€95,663
- Receivables within one year -€71,777
down €71,777 (-10.2%), from €703,100 to €631,323
of which Trade receivables: -€61,594
- Other debts +€156,000
up €156,000 (+122%), from €127,712 to €283,712
- Trade debts -€108,430
down €108,430 (-22.1%), from €491,644 to €383,214
- Reserves +€31,362
up €31,362 (+12.4%), from €253,819 to €285,181
- Current portion of long-term debt +€25,000
up €25,000 (+42.8%), from €58,453 to €83,454
- Debts after one year +€22,796
up €22,796 (+9.9%), from €231,124 to €253,920
- Gross operating margin +€35,437
up €35,437 (+18.6%), from €190,612 to €226,049
- Depreciation +€23,917
up €23,917 (+81.7%), from €29,291 to €53,207
- Staff costs +€12,007
up €12,007 (+12.2%), from €98,318 to €110,325
- Financial income -€7,311
down €7,311 (-62.3%), from €11,730 to €4,420
- Financial charges +€5,804
up €5,804 (+46.1%), from €12,584 to €18,389
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.
Derived cash bridge
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 | €1,210,039 | €1,337,505 | +€127,465 | +10.5% |
| Fixed assets | 21/28 | €366,184 | €459,581 | +€93,398 | +25.5% |
| Tangible fixed assets | 22/27 | €352,159 | €445,556 | +€93,398 | +26.5% |
| Land and buildings | 22 | €40,747 | €40,105 | -€642 | -1.6% |
| Plant, machinery and equipment | 23 | €5,548 | €3,925 | -€1,624 | -29.3% |
| Furniture and vehicles | 24 | €305,863 | €401,527 | +€95,663 | +31.3% |
| Financial fixed assets | 28 | €14,025 | €14,025 | = | 0.0% |
| Current assets | 29/58 | €843,855 | €877,923 | +€34,068 | +4.0% |
| Stocks and contracts in progress | 3 | €104,867 | €107,462 | +€2,595 | +2.5% |
| Stocks | 30/36 | €104,867 | €107,462 | +€2,595 | +2.5% |
| Amounts receivable within one year | 40/41 | €703,100 | €631,323 | -€71,777 | -10.2% |
| Trade receivables | 40 | €646,205 | €584,611 | -€61,594 | -9.5% |
| Other amounts receivable | 41 | €56,895 | €46,712 | -€10,183 | -17.9% |
| Cash at bank and in hand | 54/58 | €28,725 | €123,858 | +€95,133 | +331% |
| Deferred charges and accrued income | 490/1 | €7,164 | €15,281 | +€8,117 | +113% |
| Total equity and liabilities | 10/49 | €1,210,039 | €1,337,505 | +€127,465 | +10.5% |
| Equity | 10/15 | €284,805 | €316,168 | +€31,362 | +11.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €253,819 | €285,181 | +€31,362 | +12.4% |
| Distributable reserves | 133 | €253,819 | €285,181 | +€31,362 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €925,234 | €1,021,337 | +€96,103 | +10.4% |
| Amounts payable after more than one year | 17 | €231,124 | €253,920 | +€22,796 | +9.9% |
| Financial debts | 170/4 | €231,124 | €253,920 | +€22,796 | +9.9% |
| Amounts payable within one year | 42/48 | €694,110 | €767,417 | +€73,307 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €58,453 | €83,454 | +€25,000 | +42.8% |
| Financial debts | 43 | €3,095 | €3,051 | -€44 | -1.4% |
| Credit institutions | 430/8 | €3,095 | €3,051 | -€44 | -1.4% |
| Trade debts | 44 | €491,644 | €383,214 | -€108,430 | -22.1% |
| Suppliers | 440/4 | €491,644 | €383,214 | -€108,430 | -22.1% |
| Taxes, remuneration and social security | 45 | €13,206 | €13,987 | +€781 | +5.9% |
| Taxes | 450/3 | €268 | €0 | -€268 | -100% |
| Remuneration and social security | 454/9 | €12,937 | €13,987 | +€1,049 | +8.1% |
| Other amounts payable | 47/48 | €127,712 | €283,712 | +€156,000 | +122% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €98,318 | €110,325 | +€12,007 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,291 | €53,207 | +€23,917 | +81.7% |
| Other operating charges | 640/8 | €6,427 | €6,523 | +€97 | +1.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €190,612 | €226,049 | +€35,437 | +18.6% |
| Operating profit (loss) | 9901 | €56,576 | €55,993 | -€583 | -1.0% |
| Financial income | 75/76B | €11,730 | €4,420 | -€7,311 | -62.3% |
| Recurring financial income | 75 | €11,730 | €4,420 | -€7,311 | -62.3% |
| Financial charges | 65/66B | €12,584 | €18,389 | +€5,804 | +46.1% |
| Recurring financial charges | 65 | €12,584 | €18,389 | +€5,804 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €55,722 | €42,024 | -€13,698 | -24.6% |
| Income taxes | 67/77 | €15,268 | €10,662 | -€4,606 | -30.2% |
| Profit (loss) for the period | 9904 | €40,454 | €31,362 | -€9,091 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,454 | €31,362 | -€9,091 | -22.5% |
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 22 October 2026 via checked.be.