DEMINGWAY: 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.
DEMINGWAY
Largest movements
- Cash +€28,395
up €28,395 (+22.3%), from €127,384 to €155,779
mainly Other debts (+€81,312) and Net result for the year (+€75,140)
- Receivables within one year +€26,070
up €26,070 (+50.8%), from €51,332 to €77,402
of which Trade receivables: +€18,095
- Tangible fixed assets -€18,909
down €18,909 (-8.5%), from €221,520 to €202,611
of which Furniture and vehicles: -€17,572
- Current investments +€4,932
new in 2025: €4,932
- Other debts +€81,312
up €81,312 (+509%), from €15,977 to €97,290
- Reserves -€27,435
down €27,435 (-10.4%), from €264,091 to €236,655
- Debts after one year -€12,524
down €12,524 (-15.1%), from €83,030 to €70,507
- Current portion of long-term debt -€7,527
down €7,527 (-37.5%), from €20,051 to €12,524
- Tax, wage and social debts +€6,236
up €6,236 (+55.9%), from €11,162 to €17,398
- Gross operating margin -€14,910
down €14,910 (-10.9%), from €137,263 to €122,353
- Taxes -€10,984
down €10,984 (-32.4%), from €33,945 to €22,961
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 | €401,604 | €441,092 | +€39,487 | +9.8% |
| Fixed assets | 21/28 | €221,520 | €202,611 | -€18,909 | -8.5% |
| Tangible fixed assets | 22/27 | €221,520 | €202,611 | -€18,909 | -8.5% |
| Land and buildings | 22 | €175,299 | €175,299 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,007 | €461 | -€546 | -54.2% |
| Furniture and vehicles | 24 | €41,462 | €23,890 | -€17,572 | -42.4% |
| Other tangible fixed assets | 26 | €3,752 | €2,962 | -€791 | -21.1% |
| Current assets | 29/58 | €180,085 | €238,481 | +€58,396 | +32.4% |
| Amounts receivable within one year | 40/41 | €51,332 | €77,402 | +€26,070 | +50.8% |
| Trade receivables | 40 | €48,763 | €66,858 | +€18,095 | +37.1% |
| Other amounts receivable | 41 | €2,569 | €10,544 | +€7,975 | +310% |
| Current investments | 50/53 | - | €4,932 | +€4,932 | |
| Cash at bank and in hand | 54/58 | €127,384 | €155,779 | +€28,395 | +22.3% |
| Deferred charges and accrued income | 490/1 | €1,369 | €368 | -€1,001 | -73.1% |
| Total equity and liabilities | 10/49 | €401,604 | €441,092 | +€39,487 | +9.8% |
| Equity | 10/15 | €270,322 | €242,886 | -€27,435 | -10.1% |
| Contributions | 10/11 | €6,231 | €6,231 | = | 0.0% |
| Reserves | 13 | €264,091 | €236,655 | -€27,435 | -10.4% |
| Distributable reserves | 133 | €264,091 | €236,655 | -€27,435 | -10.4% |
| Amounts payable | 17/49 | €131,283 | €198,205 | +€66,923 | +51.0% |
| Amounts payable after more than one year | 17 | €83,030 | €70,507 | -€12,524 | -15.1% |
| Financial debts | 170/4 | €83,030 | €70,507 | -€12,524 | -15.1% |
| Amounts payable within one year | 42/48 | €48,252 | €127,699 | +€79,447 | +165% |
| Current portion of amounts payable after more than one year | 42 | €20,051 | €12,524 | -€7,527 | -37.5% |
| Trade debts | 44 | €1,062 | €487 | -€575 | -54.1% |
| Suppliers | 440/4 | €1,062 | €487 | -€575 | -54.1% |
| Taxes, remuneration and social security | 45 | €11,162 | €17,398 | +€6,236 | +55.9% |
| Taxes | 450/3 | €11,162 | €17,398 | +€6,236 | +55.9% |
| Other amounts payable | 47/48 | €15,977 | €97,290 | +€81,312 | +509% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,319 | €18,909 | +€590 | +3.2% |
| Other operating charges | 640/8 | €806 | €971 | +€165 | +20.4% |
| Non-recurring operating charges | 66A | €430 | - | -€430 | |
| Gross operating margin | 9900 | €137,263 | €122,353 | -€14,910 | -10.9% |
| Operating profit (loss) | 9901 | €117,707 | €102,474 | -€15,234 | -12.9% |
| Financial income | 75/76B | €11 | €2 | -€9 | -80.0% |
| Recurring financial income | 75 | €11 | €2 | -€9 | -80.0% |
| Financial charges | 65/66B | €4,649 | €4,375 | -€274 | -5.9% |
| Recurring financial charges | 65 | €4,649 | €4,375 | -€274 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €113,070 | €98,101 | -€14,968 | -13.2% |
| Income taxes | 67/77 | €33,945 | €22,961 | -€10,984 | -32.4% |
| Profit (loss) for the period | 9904 | €79,125 | €75,140 | -€3,985 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,125 | €75,140 | -€3,985 | -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 23 October 2026 via checked.be.