DEMI HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€32,783
up €32,783 (+219%), from €14,981 to €47,764
- Deferred charges and accrued income -€6,050
no longer reported in 2025 (was €6,050)
- Reserves +€37,186
new in 2025: €37,186
- Debts after one year -€35,789
down €35,789 (-17.8%), from €200,993 to €165,204
- Other debts +€12,393
up €12,393 (+8.4%), from €148,327 to €160,720
- Trade debts +€6,294
up €6,294 (+1,796%), from €351 to €6,644
- Staff costs -€55,525
down €55,525 (-99.9%), from €55,590 to €65
- Taxes +€14,309
up €14,309 (+1,208%), from €1,185 to €15,494
- Financial charges -€8,452
down €8,452 (-40.4%), from €20,904 to €12,452
- Gross operating margin -€5,456
down €5,456 (-6.5%), from €84,152 to €78,696
- Other operating charges +€4,879
up €4,879 (+64.7%), from €7,546 to €12,425
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 | €431,308 | €459,616 | +€28,308 | +6.6% |
| Fixed assets | 21/28 | €410,000 | €410,000 | = | 0.0% |
| Financial fixed assets | 28 | €410,000 | €410,000 | = | 0.0% |
| Current assets | 29/58 | €21,308 | €49,616 | +€28,308 | +133% |
| Amounts receivable within one year | 40/41 | €14,981 | €47,764 | +€32,783 | +219% |
| Other amounts receivable | 41 | €14,981 | €47,764 | +€32,783 | +219% |
| Cash at bank and in hand | 54/58 | €277 | €1,853 | +€1,576 | +569% |
| Deferred charges and accrued income | 490/1 | €6,050 | - | -€6,050 | |
| Total equity and liabilities | 10/49 | €431,308 | €459,616 | +€28,308 | +6.6% |
| Equity | 10/15 | €23,926 | €62,186 | +€38,259 | +160% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €37,186 | +€37,186 | |
| Distributable reserves | 133 | - | €37,186 | +€37,186 | |
| Profit (loss) carried forward | 14 | -€1,074 | - | +€1,074 | |
| Amounts payable | 17/49 | €407,382 | €397,431 | -€9,951 | -2.4% |
| Amounts payable after more than one year | 17 | €200,993 | €165,204 | -€35,789 | -17.8% |
| Financial debts | 170/4 | €200,993 | €165,204 | -€35,789 | -17.8% |
| Amounts payable within one year | 42/48 | €200,786 | €223,844 | +€23,058 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €34,124 | €35,789 | +€1,666 | +4.9% |
| Trade debts | 44 | €351 | €6,644 | +€6,294 | +1,796% |
| Suppliers | 440/4 | €351 | €6,644 | +€6,294 | +1,796% |
| Taxes, remuneration and social security | 45 | €17,985 | €20,691 | +€2,706 | +15.0% |
| Taxes | 450/3 | €11,551 | €20,691 | +€9,139 | +79.1% |
| Remuneration and social security | 454/9 | €6,434 | - | -€6,434 | |
| Other amounts payable | 47/48 | €148,327 | €160,720 | +€12,393 | +8.4% |
| Accrued charges and deferred income | 492/3 | €5,602 | €8,383 | +€2,781 | +49.6% |
| Remuneration, social security and pensions | 62 | €55,590 | €65 | -€55,525 | -99.9% |
| Other operating charges | 640/8 | €7,546 | €12,425 | +€4,879 | +64.7% |
| Gross operating margin | 9900 | €84,152 | €78,696 | -€5,456 | -6.5% |
| Operating profit (loss) | 9901 | €21,015 | €66,205 | +€45,190 | +215% |
| Financial charges | 65/66B | €20,904 | €12,452 | -€8,452 | -40.4% |
| Recurring financial charges | 65 | €20,904 | €12,452 | -€8,452 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €111 | €53,753 | +€53,642 | +48,204% |
| Income taxes | 67/77 | €1,185 | €15,494 | +€14,309 | +1,208% |
| Profit (loss) for the period | 9904 | -€1,074 | €38,259 | +€39,333 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,074 | €38,259 | +€39,333 |
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 30 October 2026 via checked.be.