DEMO GROUP: 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.
DEMO GROUP
Largest movements
- Receivables within one year +€346,042
up €346,042 (+225%), from €153,894 to €499,936
of which Trade receivables: +€234,908
- Tangible fixed assets +€39,762
up €39,762 (+634%), from €6,274 to €46,036
- Cash -€26,882
down €26,882 (-30.7%), from €87,542 to €60,660
mainly Receivables within one year (-€346,042) and Investment in fixed assets (net) (-€48,914)
- Trade debts +€248,141
up €248,141 (+1,413%), from €17,560 to €265,701
- Tax, wage and social debts +€101,135
up €101,135 (+1,182%), from €8,557 to €109,692
- Profit (loss) carried forward +€25,069
up €25,069 (+12.2%), from €206,220 to €231,289
- Other debts -€15,423
no longer reported in 2024 (was €15,423)
- Turnover +€1.8m
new in 2024: €1.8m
- Purchases and services +€1.8m
new in 2024: €1.8m
- Gross operating margin -€116,264
down €116,264 (-70.8%), from €164,210 to €47,946
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 | €248,260 | €607,182 | +€358,922 | +145% |
| Fixed assets | 21/28 | €6,824 | €46,586 | +€39,762 | +583% |
| Tangible fixed assets | 22/27 | €6,274 | €46,036 | +€39,762 | +634% |
| Furniture and vehicles | 24 | €6,274 | €46,036 | +€39,762 | +634% |
| Financial fixed assets | 28 | €550 | €550 | = | 0.0% |
| Current assets | 29/58 | €241,436 | €560,596 | +€319,160 | +132% |
| Amounts receivable within one year | 40/41 | €153,894 | €499,936 | +€346,042 | +225% |
| Trade receivables | 40 | €152,090 | €386,998 | +€234,908 | +154% |
| Other amounts receivable | 41 | €1,804 | €112,939 | +€111,135 | +6,160% |
| Cash at bank and in hand | 54/58 | €87,542 | €60,660 | -€26,882 | -30.7% |
| Total equity and liabilities | 10/49 | €248,260 | €607,182 | +€358,922 | +145% |
| Equity | 10/15 | €206,720 | €231,789 | +€25,069 | +12.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,220 | €231,289 | +€25,069 | +12.2% |
| Amounts payable | 17/49 | €41,540 | €375,393 | +€333,853 | +804% |
| Amounts payable within one year | 42/48 | €41,540 | €375,393 | +€333,853 | +804% |
| Trade debts | 44 | €17,560 | €265,701 | +€248,141 | +1,413% |
| Suppliers | 440/4 | €17,560 | €265,701 | +€248,141 | +1,413% |
| Taxes, remuneration and social security | 45 | €8,557 | €109,692 | +€101,135 | +1,182% |
| Taxes | 450/3 | €8,557 | €109,692 | +€101,135 | +1,182% |
| Other amounts payable | 47/48 | €15,423 | - | -€15,423 | |
| Turnover | 70 | - | €1,796,568 | +€1.8m | |
| Non-recurring operating income | 76A | - | €8,066 | +€8,066 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €1,756,688 | +€1.8m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €9,152 | +€7,546 | +470% |
| Other operating charges | 640/8 | - | €1,477 | +€1,477 | |
| Gross operating margin | 9900 | €164,210 | €47,946 | -€116,264 | -70.8% |
| Operating profit (loss) | 9901 | €162,604 | €37,316 | -€125,288 | -77.1% |
| Financial income | 75/76B | - | €193 | +€193 | |
| Recurring financial income | 75 | - | €193 | +€193 | |
| Financial charges | 65/66B | €46 | €399 | +€353 | +766% |
| Recurring financial charges | 65 | €46 | €399 | +€353 | +766% |
| Profit (loss) for the period before taxes | 9903 | €162,558 | €37,111 | -€125,447 | -77.2% |
| Income taxes | 67/77 | - | €12,042 | +€12,042 | |
| Profit (loss) for the period | 9904 | €162,558 | €25,069 | -€137,489 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €162,558 | €25,069 | -€137,489 | -84.6% |
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 23 October 2026 via checked.be.