DemiMaison: what changed
Two fiscal 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.
DemiMaison
Largest movements
- Stocks and contracts +€116,677
up €116,677 (+95.5%), from €122,214 to €238,891
- Deferred charges and accrued income +€68,553
up €68,553 (+1043.2%), from €6,572 to €75,125
- Receivables within one year +€47,424
up €47,424 (+40.1%), from €118,267 to €165,692
of which Trade receivables: +€47,680
- Cash -€18,749
down €18,749 (-36.5%), from €51,326 to €32,577
mainly Stocks and contracts (-€116,677) and Deferred charges and accrued income (-€68,553)
- Intangible fixed assets -€14,228
down €14,228 (-37.8%), from €37,677 to €23,449
- Trade debts +€111,745
up €111,745 (+275.4%), from €40,571 to €152,316
- Accrued charges and deferred income +€35,662
up €35,662 (+610.9%), from €5,838 to €41,500
- Reserves +€30,219
up €30,219 (+58.1%), from €52,049 to €82,268
- Short-term financial debts +€25,000
up €25,000 (+33.3%), from €75,000 to €100,000
- Debts after one year -€18,978
down €18,978 (-21.3%), from €89,220 to €70,242
- Gross operating margin +€87,082
up €87,082 (+80.2%), from €108,543 to €195,625
- Taxes +€20,046
up €20,046 (+4140.7%), from €484 to €20,530
- Staff costs -€8,817
down €8,817 (-8.7%), from €101,593 to €92,776
- Depreciation +€8,664
up €8,664 (+35.3%), from €24,574 to €33,238
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 | €391,613 | €580,769 | +€189,156 | +48.3% |
| Fixed assets | 21/28 | €93,233 | €68,484 | -€24,749 | -26.5% |
| Intangible fixed assets | 21 | €37,677 | €23,449 | -€14,228 | -37.8% |
| Tangible fixed assets | 22/27 | €52,107 | €41,586 | -€10,521 | -20.2% |
| Furniture and vehicles | 24 | €2,096 | €7,107 | +€5,010 | +239.0% |
| Leasing and similar rights | 25 | €48,187 | €33,636 | -€14,551 | -30.2% |
| Other tangible fixed assets | 26 | €1,823 | €843 | -€981 | -53.8% |
| Financial fixed assets | 28 | €3,450 | €3,450 | = | 0.0% |
| Current assets | 29/58 | €298,379 | €512,285 | +€213,906 | +71.7% |
| Stocks and contracts in progress | 3 | €122,214 | €238,891 | +€116,677 | +95.5% |
| Stocks | 30/36 | €122,214 | €238,891 | +€116,677 | +95.5% |
| Amounts receivable within one year | 40/41 | €118,267 | €165,692 | +€47,424 | +40.1% |
| Trade receivables | 40 | €114,204 | €161,884 | +€47,680 | +41.8% |
| Other amounts receivable | 41 | €4,064 | €3,807 | -€256 | -6.3% |
| Cash at bank and in hand | 54/58 | €51,326 | €32,577 | -€18,749 | -36.5% |
| Deferred charges and accrued income | 490/1 | €6,572 | €75,125 | +€68,553 | +1043.2% |
| Total equity and liabilities | 10/49 | €391,613 | €580,769 | +€189,156 | +48.3% |
| Equity | 10/15 | €72,049 | €102,268 | +€30,219 | +41.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,049 | €82,268 | +€30,219 | +58.1% |
| Distributable reserves | 133 | €52,049 | €82,268 | +€30,219 | +58.1% |
| Amounts payable | 17/49 | €319,564 | €478,501 | +€158,937 | +49.7% |
| Amounts payable after more than one year | 17 | €89,220 | €70,242 | -€18,978 | -21.3% |
| Financial debts | 170/4 | €89,220 | €70,242 | -€18,978 | -21.3% |
| Amounts payable within one year | 42/48 | €224,507 | €366,759 | +€142,253 | +63.4% |
| Current portion of amounts payable after more than one year | 42 | €33,067 | €18,565 | -€14,502 | -43.9% |
| Financial debts | 43 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Credit institutions | 430/8 | €75,000 | €100,000 | +€25,000 | +33.3% |
| Trade debts | 44 | €40,571 | €152,316 | +€111,745 | +275.4% |
| Suppliers | 440/4 | €40,571 | €152,316 | +€111,745 | +275.4% |
| Taxes, remuneration and social security | 45 | €48,399 | €65,039 | +€16,640 | +34.4% |
| Taxes | 450/3 | €31,148 | €48,942 | +€17,794 | +57.1% |
| Remuneration and social security | 454/9 | €17,251 | €16,097 | -€1,154 | -6.7% |
| Other amounts payable | 47/48 | €27,470 | €30,841 | +€3,370 | +12.3% |
| Accrued charges and deferred income | 492/3 | €5,838 | €41,500 | +€35,662 | +610.9% |
| Non-recurring operating income | 76A | €11,244 | €0 | -€11,244 | -100.0% |
| Remuneration, social security and pensions | 62 | €101,593 | €92,776 | -€8,817 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,574 | €33,238 | +€8,664 | +35.3% |
| Other operating charges | 640/8 | €4,918 | €6,093 | +€1,175 | +23.9% |
| Gross operating margin | 9900 | €108,543 | €195,625 | +€87,082 | +80.2% |
| Operating profit (loss) | 9901 | -€22,542 | €63,518 | +€86,060 | |
| Financial income | 75/76B | €369 | €225 | -€144 | -39.1% |
| Recurring financial income | 75 | €369 | €225 | -€144 | -39.1% |
| Financial charges | 65/66B | €12,308 | €12,993 | +€685 | +5.6% |
| Recurring financial charges | 65 | €12,308 | €12,993 | +€685 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€34,481 | €50,749 | +€85,230 | |
| Income taxes | 67/77 | €484 | €20,530 | +€20,046 | +4140.7% |
| Profit (loss) for the period | 9904 | -€34,965 | €30,219 | +€65,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,965 | €30,219 | +€65,184 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.