DEMO ESTATE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DEMO ESTATE
Largest movements
- Tangible fixed assets -€52,664
down €52,664 (-16.4%), from €320,211 to €267,548
- Cash +€14,657
up €14,657 (+455%), from €3,223 to €17,881
mainly Depreciation (+€52,664) and Accrued charges and deferred income (+€43,000)
- Other debts -€100,000
down €100,000 (-88.0%), from €113,684 to €13,684
- Accrued charges and deferred income +€43,000
up €43,000 (+538%), from €8,000 to €51,000
- Profit (loss) carried forward +€35,138
up €35,138 (+10.1%), from -€347,549 to -€312,411
- Current portion of long-term debt -€19,512
down €19,512 (-58.2%), from €33,538 to €14,026
- Turnover -€96,000
no longer reported in 2025 (was €96,000)
- Gross operating margin +€2,445
up €2,445 (+2.6%), from €94,182 to €96,626
- Purchases and services -€1,818
no longer reported in 2025 (was €1,818)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €323,434 | €285,428 | -€38,006 | -11.8% |
| Fixed assets | 21/28 | €320,211 | €267,548 | -€52,664 | -16.4% |
| Tangible fixed assets | 22/27 | €320,211 | €267,548 | -€52,664 | -16.4% |
| Land and buildings | 22 | €320,211 | €267,548 | -€52,664 | -16.4% |
| Current assets | 29/58 | €3,223 | €17,881 | +€14,657 | +455% |
| Cash at bank and in hand | 54/58 | €3,223 | €17,881 | +€14,657 | +455% |
| Total equity and liabilities | 10/49 | €323,434 | €285,428 | -€38,006 | -11.8% |
| Equity | 10/15 | €154,186 | €189,324 | +€35,138 | +22.8% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,735 | €1,735 | = | 0.0% |
| Distributable reserves | 133 | €1,735 | €1,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€347,549 | -€312,411 | +€35,138 | +10.1% |
| Amounts payable | 17/49 | €169,248 | €96,104 | -€73,145 | -43.2% |
| Amounts payable after more than one year | 17 | €14,026 | €17,000 | +€2,974 | +21.2% |
| Financial debts | 170/4 | €14,026 | - | -€14,026 | |
| Other amounts payable | 178/9 | - | €17,000 | +€17,000 | |
| Amounts payable within one year | 42/48 | €147,223 | €28,104 | -€119,119 | -80.9% |
| Current portion of amounts payable after more than one year | 42 | €33,538 | €14,026 | -€19,512 | -58.2% |
| Trade debts | 44 | - | €394 | +€394 | |
| Suppliers | 440/4 | - | €394 | +€394 | |
| Other amounts payable | 47/48 | €113,684 | €13,684 | -€100,000 | -88.0% |
| Accrued charges and deferred income | 492/3 | €8,000 | €51,000 | +€43,000 | +538% |
| Turnover | 70 | €96,000 | - | -€96,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,818 | - | -€1,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,664 | €52,664 | = | 0.0% |
| Other operating charges | 640/8 | €8,051 | €8,301 | +€250 | +3.1% |
| Gross operating margin | 9900 | €94,182 | €96,626 | +€2,445 | +2.6% |
| Operating profit (loss) | 9901 | €33,468 | €35,662 | +€2,195 | +6.6% |
| Financial charges | 65/66B | €678 | €524 | -€154 | -22.7% |
| Recurring financial charges | 65 | €678 | €524 | -€154 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €32,790 | €35,138 | +€2,349 | +7.2% |
| Profit (loss) for the period | 9904 | €32,790 | €35,138 | +€2,349 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,790 | €35,138 | +€2,349 | +7.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.