DEMIMAX MANAGEMENT: 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.
DEMIMAX MANAGEMENT
Largest movements
- Receivables within one year +€144,416
up €144,416 (+664%), from €21,746 to €166,162
of which Other amounts receivable: +€159,534
- Receivables after one year -€28,863
down €28,863 (-38.4%), from €75,155 to €46,292
- Cash +€24,162
up €24,162 (+9,943%), from €243 to €24,405
mainly Advances received (+€61,564) and Net result for the year (+€50,887)
- Advances received +€61,564
new in 2025: €61,564
- Other debts +€49,448
up €49,448 (+1,355%), from €3,650 to €53,098
- Trade debts +€12,033
up €12,033 (+519%), from €2,317 to €14,350
- Tax, wage and social debts +€11,860
up €11,860 (+40.3%), from €29,440 to €41,300
- Contributions +€6,200
new in 2025: €6,200
- Gross operating margin +€20,279
up €20,279 (+31.8%), from €63,769 to €84,048
- Financial income +€5,576
new in 2025: €5,576
- Taxes +€2,429
up €2,429 (+13.1%), from €18,589 to €21,018
- Financial charges +€1,967
up €1,967 (+1,303%), from €151 to €2,118
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 | €101,482 | €242,587 | +€141,105 | +139% |
| Fixed assets | 21/28 | €4,338 | €3,774 | -€564 | -13.0% |
| Tangible fixed assets | 22/27 | €2,538 | €1,974 | -€564 | -22.2% |
| Plant, machinery and equipment | 23 | €2,538 | €1,974 | -€564 | -22.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €97,144 | €238,814 | +€141,670 | +146% |
| Amounts receivable after more than one year | 29 | €75,155 | €46,292 | -€28,863 | -38.4% |
| Other amounts receivable | 291 | €75,155 | €46,292 | -€28,863 | -38.4% |
| Amounts receivable within one year | 40/41 | €21,746 | €166,162 | +€144,416 | +664% |
| Trade receivables | 40 | €20,954 | €5,835 | -€15,119 | -72.2% |
| Other amounts receivable | 41 | €792 | €160,326 | +€159,534 | +20,143% |
| Cash at bank and in hand | 54/58 | €243 | €24,405 | +€24,162 | +9,943% |
| Deferred charges and accrued income | 490/1 | - | €1,954 | +€1,954 | |
| Total equity and liabilities | 10/49 | €101,482 | €242,587 | +€141,105 | +139% |
| Equity | 10/15 | €66,075 | €72,275 | +€6,200 | +9.4% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €66,075 | €66,075 | -€0 | 0.0% |
| Distributable reserves | 133 | €66,075 | €66,075 | -€0 | 0.0% |
| Amounts payable | 17/49 | €35,407 | €170,313 | +€134,906 | +381% |
| Amounts payable within one year | 42/48 | €35,407 | €170,313 | +€134,906 | +381% |
| Trade debts | 44 | €2,317 | €14,350 | +€12,033 | +519% |
| Suppliers | 440/4 | €2,317 | €14,350 | +€12,033 | +519% |
| Advances received on contracts in progress | 46 | - | €61,564 | +€61,564 | |
| Taxes, remuneration and social security | 45 | €29,440 | €41,300 | +€11,860 | +40.3% |
| Taxes | 450/3 | €29,440 | €41,300 | +€11,860 | +40.3% |
| Other amounts payable | 47/48 | €3,650 | €53,098 | +€49,448 | +1,355% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €564 | +€282 | +100.0% |
| Other operating charges | 640/8 | €2,139 | €1,358 | -€781 | -36.5% |
| Non-recurring operating charges | 66A | - | €13,680 | +€13,680 | |
| Gross operating margin | 9900 | €63,769 | €84,048 | +€20,279 | +31.8% |
| Operating profit (loss) | 9901 | €61,348 | €68,447 | +€7,099 | +11.6% |
| Financial income | 75/76B | - | €5,576 | +€5,576 | |
| Recurring financial income | 75 | - | €5,576 | +€5,576 | |
| Financial charges | 65/66B | €151 | €2,118 | +€1,967 | +1,303% |
| Recurring financial charges | 65 | €151 | €2,118 | +€1,967 | +1,303% |
| Profit (loss) for the period before taxes | 9903 | €61,197 | €71,905 | +€10,708 | +17.5% |
| Income taxes | 67/77 | €18,589 | €21,018 | +€2,429 | +13.1% |
| Profit (loss) for the period | 9904 | €42,608 | €50,887 | +€8,279 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €42,608 | €50,887 | +€8,279 | +19.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.