DEMIC: 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.
DEMIC
Largest movements
- Receivables within one year +€39,614
up €39,614 (+44.1%), from €89,743 to €129,358
of which Trade receivables: +€46,564
- Cash +€8,264
up €8,264 (+10.6%), from €78,131 to €86,395
mainly Net result for the year (+€72,064) and Other debts (+€61,477)
- Other debts +€61,477
up €61,477 (+48.6%), from €126,610 to €188,087
- Debts after one year -€26,564
no longer reported in 2025 (was €26,564)
- Trade debts +€22,087
up €22,087 (+52.2%), from €42,341 to €64,428
- Tax, wage and social debts +€8,678
up €8,678 (+75.2%), from €11,545 to €20,224
of which Taxes: +€7,027
- Reserves -€7,936
down €7,936 (-9.0%), from €88,511 to €80,575
- Gross operating margin +€5,264
up €5,264 (+5.3%), from €98,431 to €103,694
- Taxes +€1,661
up €1,661 (+9.2%), from €17,976 to €19,637
- Financial charges -€1,258
down €1,258 (-36.9%), from €3,413 to €2,155
- Staff costs +€1,202
up €1,202 (+1,182%), from €102 to €1,304
- Write-downs +€1,038
new in 2025: €1,038
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 | €322,714 | €372,273 | +€49,559 | +15.4% |
| Fixed assets | 21/28 | €134,296 | €133,045 | -€1,251 | -0.9% |
| Tangible fixed assets | 22/27 | €134,296 | €133,045 | -€1,251 | -0.9% |
| Land and buildings | 22 | €126,703 | €128,350 | +€1,648 | +1.3% |
| Plant, machinery and equipment | 23 | €4,635 | €2,951 | -€1,684 | -36.3% |
| Furniture and vehicles | 24 | €2,958 | €1,743 | -€1,215 | -41.1% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €188,418 | €239,228 | +€50,810 | +27.0% |
| Stocks and contracts in progress | 3 | €17,022 | €19,826 | +€2,804 | +16.5% |
| Stocks | 30/36 | €17,022 | €19,826 | +€2,804 | +16.5% |
| Amounts receivable within one year | 40/41 | €89,743 | €129,358 | +€39,614 | +44.1% |
| Trade receivables | 40 | €79,671 | €126,235 | +€46,564 | +58.4% |
| Other amounts receivable | 41 | €10,072 | €3,123 | -€6,950 | -69.0% |
| Cash at bank and in hand | 54/58 | €78,131 | €86,395 | +€8,264 | +10.6% |
| Deferred charges and accrued income | 490/1 | €3,522 | €3,650 | +€129 | +3.7% |
| Total equity and liabilities | 10/49 | €322,714 | €372,273 | +€49,559 | +15.4% |
| Equity | 10/15 | €107,111 | €99,175 | -€7,936 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,511 | €80,575 | -€7,936 | -9.0% |
| Distributable reserves | 133 | €88,511 | €80,575 | -€7,936 | -9.0% |
| Amounts payable | 17/49 | €215,603 | €273,098 | +€57,495 | +26.7% |
| Amounts payable after more than one year | 17 | €26,564 | - | -€26,564 | |
| Financial debts | 170/4 | €26,564 | - | -€26,564 | |
| Amounts payable within one year | 42/48 | €188,380 | €272,738 | +€84,358 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €7,884 | - | -€7,884 | |
| Trade debts | 44 | €42,341 | €64,428 | +€22,087 | +52.2% |
| Suppliers | 440/4 | €42,341 | €64,428 | +€22,087 | +52.2% |
| Taxes, remuneration and social security | 45 | €11,545 | €20,224 | +€8,678 | +75.2% |
| Taxes | 450/3 | €8,757 | €15,783 | +€7,027 | +80.2% |
| Remuneration and social security | 454/9 | €2,789 | €4,440 | +€1,652 | +59.2% |
| Other amounts payable | 47/48 | €126,610 | €188,087 | +€61,477 | +48.6% |
| Accrued charges and deferred income | 492/3 | €659 | €360 | -€299 | -45.4% |
| Remuneration, social security and pensions | 62 | €102 | €1,304 | +€1,202 | +1,182% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,533 | €6,806 | -€727 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,038 | +€1,038 | |
| Other operating charges | 640/8 | €884 | €978 | +€93 | +10.6% |
| Non-recurring operating charges | 66A | €652 | - | -€652 | |
| Gross operating margin | 9900 | €98,431 | €103,694 | +€5,264 | +5.3% |
| Operating profit (loss) | 9901 | €89,260 | €93,569 | +€4,308 | +4.8% |
| Financial income | 75/76B | €61 | €287 | +€226 | +371% |
| Recurring financial income | 75 | €61 | €287 | +€226 | +371% |
| Financial charges | 65/66B | €3,413 | €2,155 | -€1,258 | -36.9% |
| Recurring financial charges | 65 | €3,413 | €2,155 | -€1,258 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €85,908 | €91,701 | +€5,793 | +6.7% |
| Income taxes | 67/77 | €17,976 | €19,637 | +€1,661 | +9.2% |
| Profit (loss) for the period | 9904 | €67,932 | €72,064 | +€4,132 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,932 | €72,064 | +€4,132 | +6.1% |
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 24 October 2026 via checked.be.