DEMIM: 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.
DEMIM
Largest movements
- Current investments -€230,832
down €230,832 (-35.5%), from €650,337 to €419,506
- Deferred charges and accrued income +€46,776
new in 2025: €46,776
- Tangible fixed assets -€20,916
down €20,916 (-13.9%), from €150,766 to €129,850
of which Land and buildings: -€19,208
- Cash -€20,402
no longer reported in 2025 (was €20,402)
mainly Trade debts (-€191,510) and Deferred charges and accrued income (-€46,776)
- Trade debts -€191,510
down €191,510 (-94.5%), from €202,660 to €11,150
- Profit (loss) carried forward -€33,863
down €33,863 (-6.1%), from €555,560 to €521,697
- Gross operating margin -€17,164
down €17,164, from €5,232 to -€11,932
- Depreciation +€1,708
up €1,708 (+8.9%), from €19,208 to €20,916
- Other operating charges +€614
up €614 (+156%), from €394 to €1,008
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 | €825,870 | €600,497 | -€225,373 | -27.3% |
| Fixed assets | 21/28 | €150,766 | €129,850 | -€20,916 | -13.9% |
| Tangible fixed assets | 22/27 | €150,766 | €129,850 | -€20,916 | -13.9% |
| Land and buildings | 22 | €142,226 | €123,018 | -€19,208 | -13.5% |
| Plant, machinery and equipment | 23 | €8,540 | €6,832 | -€1,708 | -20.0% |
| Current assets | 29/58 | €675,104 | €470,647 | -€204,457 | -30.3% |
| Amounts receivable within one year | 40/41 | €4,365 | €4,365 | = | 0.0% |
| Trade receivables | 40 | €1,551 | €1,551 | = | 0.0% |
| Other amounts receivable | 41 | €2,814 | €2,814 | = | 0.0% |
| Current investments | 50/53 | €650,337 | €419,506 | -€230,832 | -35.5% |
| Cash at bank and in hand | 54/58 | €20,402 | - | -€20,402 | |
| Deferred charges and accrued income | 490/1 | - | €46,776 | +€46,776 | |
| Total equity and liabilities | 10/49 | €825,870 | €600,497 | -€225,373 | -27.3% |
| Equity | 10/15 | €623,210 | €589,347 | -€33,863 | -5.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €555,560 | €521,697 | -€33,863 | -6.1% |
| Amounts payable | 17/49 | €202,660 | €11,150 | -€191,510 | -94.5% |
| Amounts payable within one year | 42/48 | €202,660 | €11,150 | -€191,510 | -94.5% |
| Trade debts | 44 | €202,660 | €11,150 | -€191,510 | -94.5% |
| Suppliers | 440/4 | €202,660 | €11,150 | -€191,510 | -94.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,208 | €20,916 | +€1,708 | +8.9% |
| Other operating charges | 640/8 | €394 | €1,008 | +€614 | +156% |
| Gross operating margin | 9900 | €5,232 | -€11,932 | -€17,164 | |
| Operating profit (loss) | 9901 | -€14,371 | -€33,856 | -€19,486 | -136% |
| Profit (loss) for the period before taxes | 9903 | -€14,371 | -€33,856 | -€19,486 | -136% |
| Profit (loss) for the period | 9904 | -€14,371 | -€33,856 | -€19,486 | -136% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,371 | -€33,856 | -€19,486 | -136% |
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 16 October 2026 via checked.be.