Demicon: what changed
Two fiscal 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.
Demicon
Largest movements
- Receivables within one year +€47,111
up €47,111 (+137.6%), from €34,226 to €81,337
of which Trade receivables: +€57,391
- Tangible fixed assets +€22,776
up €22,776 (+15.2%), from €150,052 to €172,828
of which Land and buildings: +€41,010
- Cash -€8,172
down €8,172 (-14.1%), from €57,919 to €49,747
mainly Investment in fixed assets (net) (-€63,396) and Trade debts (-€50,559)
- Deferred charges and accrued income +€4,696
up €4,696 (+52.1%), from €9,013 to €13,709
- Reserves +€67,821
up €67,821 (+1027.3%), from €6,602 to €74,423
- Trade debts -€50,559
down €50,559 (-45.5%), from €111,037 to €60,478
- Tax, wage and social debts +€19,128
up €19,128 (+750.1%), from €2,550 to €21,678
of which Taxes: +€14,863
- Debts after one year +€14,549
up €14,549 (+19.1%), from €76,274 to €90,823
- Short-term financial debts +€12,000
new in 2025: €12,000
- Gross operating margin +€124,658
up €124,658 (+375.0%), from €33,246 to €157,904
- Taxes +€25,550
up €25,550 (+1891.4%), from €1,351 to €26,900
- Staff costs +€20,055
new in 2025: €20,055
- Depreciation +€18,124
up €18,124 (+86.5%), from €20,959 to €39,082
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 | €256,231 | €327,384 | +€71,153 | +27.8% |
| Fixed assets | 21/28 | €150,752 | €175,066 | +€24,314 | +16.1% |
| Intangible fixed assets | 21 | €700 | €2,238 | +€1,538 | +219.6% |
| Tangible fixed assets | 22/27 | €150,052 | €172,828 | +€22,776 | +15.2% |
| Land and buildings | 22 | - | €41,010 | +€41,010 | |
| Plant, machinery and equipment | 23 | €125,704 | €101,221 | -€24,484 | -19.5% |
| Furniture and vehicles | 24 | €18,743 | €25,981 | +€7,238 | +38.6% |
| Other tangible fixed assets | 26 | €5,605 | €4,616 | -€989 | -17.6% |
| Current assets | 29/58 | €105,478 | €152,318 | +€46,840 | +44.4% |
| Stocks and contracts in progress | 3 | €4,320 | €7,525 | +€3,205 | +74.2% |
| Stocks | 30/36 | €4,320 | €7,525 | +€3,205 | +74.2% |
| Amounts receivable within one year | 40/41 | €34,226 | €81,337 | +€47,111 | +137.6% |
| Trade receivables | 40 | €23,922 | €81,314 | +€57,391 | +239.9% |
| Other amounts receivable | 41 | €10,304 | €23 | -€10,281 | -99.8% |
| Cash at bank and in hand | 54/58 | €57,919 | €49,747 | -€8,172 | -14.1% |
| Deferred charges and accrued income | 490/1 | €9,013 | €13,709 | +€4,696 | +52.1% |
| Total equity and liabilities | 10/49 | €256,231 | €327,384 | +€71,153 | +27.8% |
| Equity | 10/15 | €8,602 | €76,423 | +€67,821 | +788.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,602 | €74,423 | +€67,821 | +1027.3% |
| Distributable reserves | 133 | €6,602 | €74,423 | +€67,821 | +1027.3% |
| Amounts payable | 17/49 | €247,629 | €250,961 | +€3,332 | +1.3% |
| Amounts payable after more than one year | 17 | €76,274 | €90,823 | +€14,549 | +19.1% |
| Financial debts | 170/4 | €76,274 | €90,823 | +€14,549 | +19.1% |
| Amounts payable within one year | 42/48 | €169,915 | €156,681 | -€13,234 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €17,866 | €23,503 | +€5,637 | +31.6% |
| Financial debts | 43 | - | €12,000 | +€12,000 | |
| Credit institutions | 430/8 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €111,037 | €60,478 | -€50,559 | -45.5% |
| Suppliers | 440/4 | €111,037 | €60,478 | -€50,559 | -45.5% |
| Taxes, remuneration and social security | 45 | €2,550 | €21,678 | +€19,128 | +750.1% |
| Taxes | 450/3 | €2,550 | €17,413 | +€14,863 | +582.9% |
| Remuneration and social security | 454/9 | - | €4,265 | +€4,265 | |
| Other amounts payable | 47/48 | €38,462 | €39,022 | +€560 | +1.5% |
| Accrued charges and deferred income | 492/3 | €1,440 | €3,456 | +€2,017 | +140.1% |
| Remuneration, social security and pensions | 62 | - | €20,055 | +€20,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,959 | €39,082 | +€18,124 | +86.5% |
| Other operating charges | 640/8 | €1,280 | €1,372 | +€93 | +7.2% |
| Gross operating margin | 9900 | €33,246 | €157,904 | +€124,658 | +375.0% |
| Operating profit (loss) | 9901 | €11,008 | €97,394 | +€86,386 | +784.8% |
| Financial income | 75/76B | €25 | €356 | +€331 | +1350.0% |
| Recurring financial income | 75 | €25 | €356 | +€331 | +1350.0% |
| Financial charges | 65/66B | €3,080 | €3,029 | -€51 | -1.7% |
| Recurring financial charges | 65 | €3,080 | €3,029 | -€51 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €7,953 | €94,722 | +€86,769 | +1091.0% |
| Income taxes | 67/77 | €1,351 | €26,900 | +€25,550 | +1891.4% |
| Profit (loss) for the period | 9904 | €6,602 | €67,821 | +€61,219 | +927.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,602 | €67,821 | +€61,219 | +927.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.