DEMILO: 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.
DEMILO
Largest movements
- Receivables within one year -€21,214
down €21,214 (-27.7%), from €76,462 to €55,248
of which Trade receivables: -€18,477
- Tangible fixed assets -€15,052
down €15,052 (-14.1%), from €106,394 to €91,342
of which Land and buildings: -€13,726
- Cash +€9,887
up €9,887 (+18.7%), from €52,975 to €62,862
mainly Other debts (+€54,322) and Depreciation (+€27,188)
- Trade debts -€68,954
down €68,954 (-48.9%), from €141,114 to €72,160
- Other debts +€54,322
up €54,322 (+280%), from €19,372 to €73,694
- Profit (loss) carried forward +€22,498
up €22,498, from -€16,620 to €5,878
- Tax, wage and social debts -€20,663
down €20,663 (-36.3%), from €56,918 to €36,255
of which Remuneration and social security: -€22,415
- Current portion of long-term debt -€7,106
down €7,106 (-60.9%), from €11,666 to €4,561
- Staff costs -€50,186
down €50,186 (-36.4%), from €137,965 to €87,780
- Depreciation +€18,718
up €18,718 (+221%), from €8,469 to €27,188
- Gross operating margin -€11,773
down €11,773 (-7.2%), from €163,164 to €151,391
- Taxes +€7,317
up €7,317 (+340%), from €2,150 to €9,467
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,488 | €213,008 | -€26,480 | -11.1% |
| Fixed assets | 21/28 | €106,394 | €91,342 | -€15,052 | -14.1% |
| Tangible fixed assets | 22/27 | €106,394 | €91,342 | -€15,052 | -14.1% |
| Land and buildings | 22 | €77,154 | €63,428 | -€13,726 | -17.8% |
| Furniture and vehicles | 24 | €29,240 | €27,914 | -€1,326 | -4.5% |
| Current assets | 29/58 | €133,094 | €121,667 | -€11,428 | -8.6% |
| Stocks and contracts in progress | 3 | €3,050 | €3,050 | = | 0.0% |
| Stocks | 30/36 | €3,050 | €3,050 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,462 | €55,248 | -€21,214 | -27.7% |
| Trade receivables | 40 | €73,725 | €55,248 | -€18,477 | -25.1% |
| Other amounts receivable | 41 | €2,738 | - | -€2,738 | |
| Cash at bank and in hand | 54/58 | €52,975 | €62,862 | +€9,887 | +18.7% |
| Deferred charges and accrued income | 490/1 | €607 | €506 | -€101 | -16.6% |
| Total equity and liabilities | 10/49 | €239,488 | €213,008 | -€26,480 | -11.1% |
| Equity | 10/15 | €3,840 | €26,338 | +€22,498 | +586% |
| 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 | -€16,620 | €5,878 | +€22,498 | |
| Amounts payable | 17/49 | €235,648 | €186,670 | -€48,978 | -20.8% |
| Amounts payable after more than one year | 17 | €4,561 | - | -€4,561 | |
| Financial debts | 170/4 | €4,561 | - | -€4,561 | |
| Amounts payable within one year | 42/48 | €229,071 | €186,670 | -€42,401 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €11,666 | €4,561 | -€7,106 | -60.9% |
| Trade debts | 44 | €141,114 | €72,160 | -€68,954 | -48.9% |
| Suppliers | 440/4 | €141,114 | €72,160 | -€68,954 | -48.9% |
| Taxes, remuneration and social security | 45 | €56,918 | €36,255 | -€20,663 | -36.3% |
| Taxes | 450/3 | €23,593 | €25,345 | +€1,752 | +7.4% |
| Remuneration and social security | 454/9 | €33,326 | €10,910 | -€22,415 | -67.3% |
| Other amounts payable | 47/48 | €19,372 | €73,694 | +€54,322 | +280% |
| Accrued charges and deferred income | 492/3 | €2,016 | - | -€2,016 | |
| Remuneration, social security and pensions | 62 | €137,965 | €87,780 | -€50,186 | -36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,469 | €27,188 | +€18,718 | +221% |
| Other operating charges | 640/8 | €2,950 | €1,634 | -€1,316 | -44.6% |
| Gross operating margin | 9900 | €163,164 | €151,391 | -€11,773 | -7.2% |
| Operating profit (loss) | 9901 | €13,779 | €34,789 | +€21,010 | +152% |
| Financial income | 75/76B | - | €160 | +€160 | |
| Recurring financial income | 75 | - | €160 | +€160 | |
| Financial charges | 65/66B | €3,687 | €2,984 | -€702 | -19.0% |
| Recurring financial charges | 65 | €3,687 | €2,984 | -€702 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €10,092 | €31,965 | +€21,872 | +217% |
| Income taxes | 67/77 | €2,150 | €9,467 | +€7,317 | +340% |
| Profit (loss) for the period | 9904 | €7,942 | €22,498 | +€14,556 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €7,942 | €22,498 | +€14,556 | +183% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.