DEMILUTI: 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.
DEMILUTI
Largest movements
- Cash +€70,636
up €70,636 (+138%), from €51,215 to €121,851
mainly Net result for the year (+€46,157) and Receivables within one year (+€11,865)
- Receivables within one year -€11,865
down €11,865 (-98.0%), from €12,113 to €248
of which Trade receivables: -€11,852
- Profit (loss) carried forward +€46,157
up €46,157 (+105%), from €43,945 to €90,101
- Tax, wage and social debts +€10,365
up €10,365 (+58.4%), from €17,745 to €28,110
- Other debts +€1,343
new in 2025: €1,343
- Gross operating margin +€4,365
up €4,365 (+7.8%), from €55,657 to €60,022
- Taxes +€1,643
up €1,643 (+14.5%), from €11,318 to €12,961
- Depreciation +€624
new in 2025: €624
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 | €66,508 | €124,654 | +€58,147 | +87.4% |
| Fixed assets | 21/28 | €3,180 | €2,556 | -€624 | -19.6% |
| Tangible fixed assets | 22/27 | €3,180 | €2,556 | -€624 | -19.6% |
| Furniture and vehicles | 24 | €3,180 | €2,556 | -€624 | -19.6% |
| Current assets | 29/58 | €63,328 | €122,098 | +€58,771 | +92.8% |
| Amounts receivable within one year | 40/41 | €12,113 | €248 | -€11,865 | -98.0% |
| Trade receivables | 40 | €12,100 | €248 | -€11,852 | -98.0% |
| Other amounts receivable | 41 | €13 | - | -€13 | |
| Cash at bank and in hand | 54/58 | €51,215 | €121,851 | +€70,636 | +138% |
| Total equity and liabilities | 10/49 | €66,508 | €124,654 | +€58,147 | +87.4% |
| Equity | 10/15 | €46,945 | €93,101 | +€46,157 | +98.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,945 | €90,101 | +€46,157 | +105% |
| Amounts payable | 17/49 | €19,563 | €31,553 | +€11,990 | +61.3% |
| Amounts payable within one year | 42/48 | €19,563 | €31,553 | +€11,990 | +61.3% |
| Trade debts | 44 | €1,818 | €2,100 | +€282 | +15.5% |
| Suppliers | 440/4 | €1,818 | €2,100 | +€282 | +15.5% |
| Taxes, remuneration and social security | 45 | €17,745 | €28,110 | +€10,365 | +58.4% |
| Taxes | 450/3 | €17,745 | €28,110 | +€10,365 | +58.4% |
| Other amounts payable | 47/48 | - | €1,343 | +€1,343 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €624 | +€624 | |
| Other operating charges | 640/8 | - | €141 | +€141 | |
| Gross operating margin | 9900 | €55,657 | €60,022 | +€4,365 | +7.8% |
| Operating profit (loss) | 9901 | €55,657 | €59,257 | +€3,600 | +6.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €395 | €140 | -€255 | -64.6% |
| Recurring financial charges | 65 | €395 | €140 | -€255 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €55,262 | €59,117 | +€3,855 | +7.0% |
| Income taxes | 67/77 | €11,318 | €12,961 | +€1,643 | +14.5% |
| Profit (loss) for the period | 9904 | €43,945 | €46,157 | +€2,212 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,945 | €46,157 | +€2,212 | +5.0% |
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 19 October 2026 via checked.be.