DEMIVER: 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.
DEMIVER
Largest movements
- Receivables within one year -€39,356
down €39,356 (-95.9%), from €41,027 to €1,671
of which Other amounts receivable: -€36,993
- Tangible fixed assets -€38,643
down €38,643 (-23.3%), from €165,611 to €126,968
of which Furniture and vehicles: -€20,145
- Reserves -€44,703
down €44,703 (-8.3%), from €535,902 to €491,200
- Profit (loss) carried forward -€27,954
down €27,954 (-59.2%), from €47,254 to €19,300
- Tax, wage and social debts -€27,746
down €27,746 (-100.0%), from €27,746 to €0
of which Taxes: -€27,746
- Other debts +€12,303
new in 2025: €12,303
- Gross operating margin -€473,614
down €473,614 (-98.2%), from €482,236 to €8,622
- Taxes -€125,298
down €125,298 (-99.7%), from €125,642 to €344
- Staff costs -€46,740
down €46,740 (-99.2%), from €47,114 to €374
- Depreciation +€5,376
up €5,376 (+16.2%), from €33,267 to €38,643
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 | €652,436 | €565,935 | -€86,500 | -13.3% |
| Fixed assets | 21/28 | €165,611 | €126,968 | -€38,643 | -23.3% |
| Tangible fixed assets | 22/27 | €165,611 | €126,968 | -€38,643 | -23.3% |
| Land and buildings | 22 | €94,546 | €79,045 | -€15,501 | -16.4% |
| Plant, machinery and equipment | 23 | €6,519 | €3,523 | -€2,996 | -46.0% |
| Furniture and vehicles | 24 | €64,545 | €44,400 | -€20,145 | -31.2% |
| Current assets | 29/58 | €486,825 | €438,967 | -€47,858 | -9.8% |
| Amounts receivable within one year | 40/41 | €41,027 | €1,671 | -€39,356 | -95.9% |
| Trade receivables | 40 | €2,363 | €0 | -€2,363 | -100.0% |
| Other amounts receivable | 41 | €38,664 | €1,671 | -€36,993 | -95.7% |
| Current investments | 50/53 | €160,000 | €155,000 | -€5,000 | -3.1% |
| Cash at bank and in hand | 54/58 | €283,653 | €280,110 | -€3,543 | -1.2% |
| Deferred charges and accrued income | 490/1 | €2,145 | €2,186 | +€41 | +1.9% |
| Total equity and liabilities | 10/49 | €652,436 | €565,935 | -€86,500 | -13.3% |
| Equity | 10/15 | €623,157 | €550,500 | -€72,657 | -11.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €535,902 | €491,200 | -€44,703 | -8.3% |
| Distributable reserves | 133 | €535,902 | €491,200 | -€44,703 | -8.3% |
| Profit (loss) carried forward | 14 | €47,254 | €19,300 | -€27,954 | -59.2% |
| Amounts payable | 17/49 | €29,279 | €15,435 | -€13,844 | -47.3% |
| Amounts payable within one year | 42/48 | €29,054 | €15,150 | -€13,904 | -47.9% |
| Trade debts | 44 | €1,308 | €2,847 | +€1,539 | +117.6% |
| Suppliers | 440/4 | €1,308 | €2,847 | +€1,539 | +117.6% |
| Taxes, remuneration and social security | 45 | €27,746 | €0 | -€27,746 | -100.0% |
| Taxes | 450/3 | €27,746 | €0 | -€27,746 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €12,303 | +€12,303 | |
| Accrued charges and deferred income | 492/3 | €225 | €285 | +€60 | +26.7% |
| Non-recurring operating income | 76A | €313,904 | €0 | -€313,904 | -100.0% |
| Remuneration, social security and pensions | 62 | €47,114 | €374 | -€46,740 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,267 | €38,643 | +€5,376 | +16.2% |
| Other operating charges | 640/8 | €2,511 | €2,146 | -€365 | -14.5% |
| Non-recurring operating charges | 66A | €1,348 | €0 | -€1,348 | -100.0% |
| Gross operating margin | 9900 | €482,236 | €8,622 | -€473,614 | -98.2% |
| Operating profit (loss) | 9901 | €397,996 | -€32,541 | -€430,537 | |
| Financial income | 75/76B | €5,196 | €5,050 | -€146 | -2.8% |
| Recurring financial income | 75 | €5,196 | €5,050 | -€146 | -2.8% |
| Financial charges | 65/66B | €639 | €120 | -€519 | -81.3% |
| Recurring financial charges | 65 | €108 | €120 | +€11 | +10.3% |
| Non-recurring financial charges | 66B | €530 | €0 | -€530 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €402,554 | -€27,610 | -€430,164 | |
| Income taxes | 67/77 | €125,642 | €344 | -€125,298 | -99.7% |
| Profit (loss) for the period | 9904 | €276,913 | -€27,954 | -€304,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €276,913 | -€27,954 | -€304,867 |
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 9 October 2026 via checked.be.