Demike: 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.
Demike
Largest movements
- Receivables within one year +€20,000
up €20,000 (+187793.4%), from €11 to €20,011
of which Trade receivables: +€20,000
- Cash -€9,860
down €9,860 (-4.4%), from €223,627 to €213,767
mainly Receivables within one year (-€20,000) and Investment in fixed assets (net) (-€1,077)
- Profit (loss) carried forward +€9,650
up €9,650 (+4.8%), from €202,594 to €212,245
- Gross operating margin +€9,501
up €9,501 (+415.5%), from €2,287 to €11,787
- Depreciation -€2,137
down €2,137 (-64.5%), from €3,315 to €1,178
- Other operating charges -€1,601
down €1,601 (-80.0%), from €2,000 to €400
- Financial income +€533
up €533 (+242.9%), from €219 to €753
- Financial charges -€218
down €218 (-16.7%), from €1,304 to €1,086
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 | €228,388 | €238,275 | +€9,887 | +4.3% |
| Fixed assets | 21/28 | €4,599 | €4,498 | -€101 | -2.2% |
| Tangible fixed assets | 22/27 | €4,599 | €4,498 | -€101 | -2.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €169 | €1,044 | +€875 | +518.4% |
| Other tangible fixed assets | 26 | €4,430 | €3,454 | -€976 | -22.0% |
| Current assets | 29/58 | €223,789 | €233,778 | +€9,988 | +4.5% |
| Amounts receivable within one year | 40/41 | €11 | €20,011 | +€20,000 | +187793.4% |
| Trade receivables | 40 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | €11 | €11 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €223,627 | €213,767 | -€9,860 | -4.4% |
| Deferred charges and accrued income | 490/1 | €152 | - | -€152 | |
| Total equity and liabilities | 10/49 | €228,388 | €238,275 | +€9,887 | +4.3% |
| Equity | 10/15 | €223,054 | €232,705 | +€9,650 | +4.3% |
| 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 | €202,594 | €212,245 | +€9,650 | +4.8% |
| Amounts payable | 17/49 | €5,334 | €5,571 | +€237 | +4.4% |
| Amounts payable within one year | 42/48 | €5,334 | €5,571 | +€237 | +4.4% |
| Financial debts | 43 | €0 | €116 | +€116 | |
| Credit institutions | 430/8 | - | €116 | +€116 | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €592 | €521 | -€71 | -12.0% |
| Suppliers | 440/4 | €592 | €521 | -€71 | -12.0% |
| Taxes, remuneration and social security | 45 | €217 | €409 | +€192 | +88.4% |
| Taxes | 450/3 | €217 | €409 | +€192 | +88.4% |
| Other amounts payable | 47/48 | €4,525 | €4,525 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,315 | €1,178 | -€2,137 | -64.5% |
| Other operating charges | 640/8 | €2,000 | €400 | -€1,601 | -80.0% |
| Gross operating margin | 9900 | €2,287 | €11,787 | +€9,501 | +415.5% |
| Operating profit (loss) | 9901 | -€3,029 | €10,210 | +€13,239 | |
| Financial income | 75/76B | €219 | €753 | +€533 | +242.9% |
| Recurring financial income | 75 | €219 | €753 | +€533 | +242.9% |
| Financial charges | 65/66B | €1,304 | €1,086 | -€218 | -16.7% |
| Recurring financial charges | 65 | €1,304 | €1,086 | -€218 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,113 | €9,876 | +€13,989 | |
| Income taxes | 67/77 | €217 | €226 | +€9 | +4.0% |
| Profit (loss) for the period | 9904 | -€4,330 | €9,650 | +€13,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,330 | €9,650 | +€13,981 |
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 11 October 2026 via checked.be.