DEMKA: 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.
DEMKA
Largest movements
- Tangible fixed assets +€21,446
up €21,446 (+931.9%), from €2,301 to €23,747
- Receivables within one year -€11,351
down €11,351 (-96.7%), from €11,743 to €392
of which Trade receivables: -€11,351
- Deferred charges and accrued income +€931
up €931 (+345.8%), from €269 to €1,200
- Cash -€923
down €923 (-6.2%), from €14,937 to €14,014
mainly Investment in fixed assets (net) (-€25,986) and Net result for the year (-€6,677)
- Debts after one year +€15,751
new in 2024: €15,751
- Profit (loss) carried forward -€6,677
down €6,677, from €6,147 to -€530
- Current portion of long-term debt +€5,934
new in 2024: €5,934
- Trade debts -€4,097
down €4,097 (-53.0%), from €7,736 to €3,639
- Other debts -€1,375
down €1,375 (-15.5%), from €8,898 to €7,523
- Gross operating margin -€18,142
down €18,142 (-77.4%), from €23,445 to €5,303
- Staff costs -€14,617
no longer reported in 2024 (was €14,617)
- Other operating charges +€5,416
up €5,416 (+1408.9%), from €384 to €5,801
- Depreciation +€2,980
up €2,980 (+191.0%), from €1,560 to €4,541
- Financial charges +€1,298
up €1,298 (+544.2%), from €238 to €1,536
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.
Cash bridge derived
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 | €29,250 | €39,353 | +€10,102 | +34.5% |
| Fixed assets | 21/28 | €2,301 | €23,747 | +€21,446 | +931.9% |
| Tangible fixed assets | 22/27 | €2,301 | €23,747 | +€21,446 | +931.9% |
| Furniture and vehicles | 24 | €2,301 | €23,747 | +€21,446 | +931.9% |
| Current assets | 29/58 | €26,949 | €15,606 | -€11,343 | -42.1% |
| Amounts receivable within one year | 40/41 | €11,743 | €392 | -€11,351 | -96.7% |
| Trade receivables | 40 | €11,385 | €34 | -€11,351 | -99.7% |
| Other amounts receivable | 41 | €358 | €358 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,937 | €14,014 | -€923 | -6.2% |
| Deferred charges and accrued income | 490/1 | €269 | €1,200 | +€931 | +345.8% |
| Total equity and liabilities | 10/49 | €29,250 | €39,353 | +€10,102 | +34.5% |
| Equity | 10/15 | €11,147 | €4,470 | -€6,677 | -59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,147 | -€530 | -€6,677 | |
| Amounts payable | 17/49 | €18,103 | €34,883 | +€16,779 | +92.7% |
| Amounts payable after more than one year | 17 | - | €15,751 | +€15,751 | |
| Financial debts | 170/4 | - | €15,751 | +€15,751 | |
| Amounts payable within one year | 42/48 | €18,103 | €19,132 | +€1,029 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,934 | +€5,934 | |
| Trade debts | 44 | €7,736 | €3,639 | -€4,097 | -53.0% |
| Suppliers | 440/4 | €7,736 | €3,639 | -€4,097 | -53.0% |
| Taxes, remuneration and social security | 45 | €1,470 | €2,036 | +€566 | +38.5% |
| Taxes | 450/3 | €1,470 | €2,036 | +€566 | +38.5% |
| Other amounts payable | 47/48 | €8,898 | €7,523 | -€1,375 | -15.5% |
| Remuneration, social security and pensions | 62 | €14,617 | - | -€14,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,560 | €4,541 | +€2,980 | +191.0% |
| Other operating charges | 640/8 | €384 | €5,801 | +€5,416 | +1408.9% |
| Gross operating margin | 9900 | €23,445 | €5,303 | -€18,142 | -77.4% |
| Operating profit (loss) | 9901 | €6,884 | -€5,038 | -€11,922 | |
| Financial income | 75/76B | €340 | €17 | -€323 | -94.9% |
| Recurring financial income | 75 | €340 | €17 | -€323 | -94.9% |
| Financial charges | 65/66B | €238 | €1,536 | +€1,298 | +544.2% |
| Recurring financial charges | 65 | €238 | €1,536 | +€1,298 | +544.2% |
| Profit (loss) for the period before taxes | 9903 | €6,986 | -€6,557 | -€13,543 | |
| Income taxes | 67/77 | €884 | €120 | -€764 | -86.4% |
| Profit (loss) for the period | 9904 | €6,102 | -€6,677 | -€12,779 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,102 | -€6,677 | -€12,779 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.