DEMISAN: 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.
DEMISAN
Largest movements
- Receivables within one year -€41,738
down €41,738 (-89.9%), from €46,451 to €4,712
of which Trade receivables: -€29,948
- Tangible fixed assets -€25,886
down €25,886 (-1.9%), from €1.3m to €1.3m
of which Land and buildings: -€55,270
- Current portion of long-term debt -€98,070
down €98,070 (-24.1%), from €407,238 to €309,167
- Other debts +€47,975
up €47,975 (+94.6%), from €50,730 to €98,705
- Trade debts -€31,246
down €31,246 (-73.7%), from €42,384 to €11,138
- Reserves +€21,714
up €21,714 (+4.0%), from €546,481 to €568,195
of which Distributable reserves: +€21,714
- Financial charges -€24,608
down €24,608 (-71.7%), from €34,308 to €9,700
- Taxes +€12,523
up €12,523, from -€4,353 to €8,170
- Depreciation +€5,134
up €5,134 (+5.2%), from €98,328 to €103,461
- Other operating charges -€2,465
down €2,465 (-36.4%), from €6,766 to €4,302
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,434,596 | €1,374,419 | -€60,178 | -4.2% |
| Fixed assets | 21/28 | €1,342,280 | €1,316,394 | -€25,886 | -1.9% |
| Tangible fixed assets | 22/27 | €1,342,280 | €1,316,394 | -€25,886 | -1.9% |
| Land and buildings | 22 | €1,294,607 | €1,239,336 | -€55,270 | -4.3% |
| Plant, machinery and equipment | 23 | €20,831 | €18,236 | -€2,595 | -12.5% |
| Furniture and vehicles | 24 | €26,842 | €58,822 | +€31,980 | +119% |
| Current assets | 29/58 | €92,316 | €58,024 | -€34,292 | -37.1% |
| Stocks and contracts in progress | 3 | €41,000 | €41,000 | = | 0.0% |
| Stocks | 30/36 | €41,000 | €41,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,451 | €4,712 | -€41,738 | -89.9% |
| Trade receivables | 40 | €32,119 | €2,172 | -€29,948 | -93.2% |
| Other amounts receivable | 41 | €14,331 | €2,540 | -€11,791 | -82.3% |
| Cash at bank and in hand | 54/58 | €1,562 | €9,853 | +€8,291 | +531% |
| Deferred charges and accrued income | 490/1 | €3,303 | €2,459 | -€844 | -25.5% |
| Total equity and liabilities | 10/49 | €1,434,596 | €1,374,419 | -€60,178 | -4.2% |
| Equity | 10/15 | €735,081 | €756,795 | +€21,714 | +3.0% |
| Contributions | 10/11 | €188,600 | €188,600 | = | 0.0% |
| Capital | 10 | €188,600 | €188,600 | = | 0.0% |
| Issued capital | 100 | €268,600 | €268,600 | = | 0.0% |
| Uncalled capital | 101 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €546,481 | €568,195 | +€21,714 | +4.0% |
| Non-distributable reserves | 130/1 | €28,860 | €28,860 | = | 0.0% |
| Legal reserve | 130 | €28,860 | €28,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €70,526 | €70,526 | = | 0.0% |
| Distributable reserves | 133 | €447,095 | €468,809 | +€21,714 | +4.9% |
| Provisions and deferred taxes | 16 | €22,995 | €22,995 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €22,995 | €22,995 | = | 0.0% |
| Pensions and similar obligations | 160 | €22,995 | €22,995 | = | 0.0% |
| Amounts payable | 17/49 | €676,520 | €594,628 | -€81,892 | -12.1% |
| Amounts payable after more than one year | 17 | €168,834 | €155,672 | -€13,163 | -7.8% |
| Financial debts | 170/4 | €168,834 | €155,672 | -€13,163 | -7.8% |
| Amounts payable within one year | 42/48 | €507,686 | €438,957 | -€68,729 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €407,238 | €309,167 | -€98,070 | -24.1% |
| Trade debts | 44 | €42,384 | €11,138 | -€31,246 | -73.7% |
| Suppliers | 440/4 | €42,384 | €11,138 | -€31,246 | -73.7% |
| Taxes, remuneration and social security | 45 | €7,334 | €19,946 | +€12,612 | +172% |
| Taxes | 450/3 | €7,334 | €10,497 | +€3,163 | +43.1% |
| Remuneration and social security | 454/9 | - | €9,449 | +€9,449 | |
| Other amounts payable | 47/48 | €50,730 | €98,705 | +€47,975 | +94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,328 | €103,461 | +€5,134 | +5.2% |
| Other operating charges | 640/8 | €6,766 | €4,302 | -€2,465 | -36.4% |
| Gross operating margin | 9900 | €196,095 | €197,332 | +€1,237 | +0.6% |
| Operating profit (loss) | 9901 | €91,000 | €89,569 | -€1,432 | -1.6% |
| Financial income | 75/76B | €869 | €15 | -€854 | -98.3% |
| Recurring financial income | 75 | €869 | €15 | -€854 | -98.3% |
| Financial charges | 65/66B | €34,308 | €9,700 | -€24,608 | -71.7% |
| Recurring financial charges | 65 | €34,308 | €9,700 | -€24,608 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €57,562 | €79,884 | +€22,322 | +38.8% |
| Income taxes | 67/77 | -€4,353 | €8,170 | +€12,523 | |
| Profit (loss) for the period | 9904 | €61,915 | €71,714 | +€9,799 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,915 | €71,714 | +€9,799 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.