DEMIGA: 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.
DEMIGA
Largest movements
- Cash -€7,179
down €7,179 (-99.1%), from €7,244 to €65
mainly Net result for the year (-€5,885) and Tax, wage and social debts (-€1,951)
- Receivables within one year -€444
down €444 (-3.9%), from €11,393 to €10,949
of which Other amounts receivable: -€257
- Profit (loss) carried forward -€5,885
down €5,885 (-37.6%), from €15,654 to €9,769
- Tax, wage and social debts -€1,951
no longer reported in 2025 (was €1,951)
- Gross operating margin -€11,131
down €11,131, from €5,956 to -€5,175
- Other operating charges +€149
up €149 (+31.8%), from €469 to €618
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 | €38,065 | €30,229 | -€7,836 | -20.6% |
| Fixed assets | 21/28 | €18,000 | €18,000 | = | 0.0% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €20,065 | €12,229 | -€7,836 | -39.1% |
| Stocks and contracts in progress | 3 | €1,428 | €1,215 | -€213 | -14.9% |
| Stocks | 30/36 | €1,428 | €1,215 | -€213 | -14.9% |
| Amounts receivable within one year | 40/41 | €11,393 | €10,949 | -€444 | -3.9% |
| Trade receivables | 40 | €187 | - | -€187 | |
| Other amounts receivable | 41 | €11,206 | €10,949 | -€257 | -2.3% |
| Cash at bank and in hand | 54/58 | €7,244 | €65 | -€7,179 | -99.1% |
| Total equity and liabilities | 10/49 | €38,065 | €30,229 | -€7,836 | -20.6% |
| Equity | 10/15 | €36,114 | €30,229 | -€5,885 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,654 | €9,769 | -€5,885 | -37.6% |
| Amounts payable | 17/49 | €1,951 | - | -€1,951 | |
| Amounts payable within one year | 42/48 | €1,951 | - | -€1,951 | |
| Taxes, remuneration and social security | 45 | €1,951 | - | -€1,951 | |
| Taxes | 450/3 | €1,951 | - | -€1,951 | |
| Non-recurring operating income | 76A | €24 | - | -€24 | |
| Other operating charges | 640/8 | €469 | €618 | +€149 | +31.8% |
| Gross operating margin | 9900 | €5,956 | -€5,175 | -€11,131 | |
| Operating profit (loss) | 9901 | €5,487 | -€5,793 | -€11,280 | |
| Financial charges | 65/66B | €103 | €92 | -€11 | -10.7% |
| Recurring financial charges | 65 | €99 | €92 | -€7 | -7.1% |
| Non-recurring financial charges | 66B | €4 | - | -€4 | |
| Profit (loss) for the period before taxes | 9903 | €5,384 | -€5,885 | -€11,269 | |
| Profit (loss) for the period | 9904 | €5,384 | -€5,885 | -€11,269 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,384 | -€5,885 | -€11,269 |
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 18 October 2026 via checked.be.