DEMO-VAN: 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-VAN
Largest movements
- Cash -€2,471
down €2,471 (-68.7%), from €3,598 to €1,127
mainly Trade debts (-€1,659) and Receivables within one year (-€1,621)
- Receivables within one year +€1,621
up €1,621 (+53.6%), from €3,024 to €4,645
of which Trade receivables: +€2,067
- Tangible fixed assets -€479
down €479 (-37.8%), from €1,267 to €788
- Profit (loss) carried forward +€2,270
up €2,270 (+13.5%), from -€16,854 to -€14,584
- Trade debts -€1,659
down €1,659 (-48.2%), from €3,443 to €1,784
- Other debts -€1,115
down €1,115 (-9.1%), from €12,264 to €11,148
- Accrued charges and deferred income -€825
down €825 (-100.0%), from €825 to €0
- Gross operating margin +€988
up €988 (+51.1%), from €1,933 to €2,921
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 | €18,270 | €16,940 | -€1,330 | -7.3% |
| Fixed assets | 21/28 | €1,267 | €788 | -€479 | -37.8% |
| Tangible fixed assets | 22/27 | €1,267 | €788 | -€479 | -37.8% |
| Plant, machinery and equipment | 23 | €1,267 | €788 | -€479 | -37.8% |
| Current assets | 29/58 | €17,003 | €16,152 | -€850 | -5.0% |
| Stocks and contracts in progress | 3 | €10,381 | €10,381 | = | 0.0% |
| Stocks | 30/36 | €10,381 | €10,381 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,024 | €4,645 | +€1,621 | +53.6% |
| Trade receivables | 40 | €2,002 | €4,069 | +€2,067 | +103.2% |
| Other amounts receivable | 41 | €1,022 | €576 | -€446 | -43.6% |
| Current investments | 50/53 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €3,598 | €1,127 | -€2,471 | -68.7% |
| Total equity and liabilities | 10/49 | €18,270 | €16,940 | -€1,330 | -7.3% |
| Equity | 10/15 | €1,738 | €4,008 | +€2,270 | +130.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,854 | -€14,584 | +€2,270 | +13.5% |
| Amounts payable | 17/49 | €16,532 | €12,933 | -€3,599 | -21.8% |
| Amounts payable within one year | 42/48 | €15,707 | €12,933 | -€2,774 | -17.7% |
| Trade debts | 44 | €3,443 | €1,784 | -€1,659 | -48.2% |
| Suppliers | 440/4 | €3,443 | €1,784 | -€1,659 | -48.2% |
| Other amounts payable | 47/48 | €12,264 | €11,148 | -€1,115 | -9.1% |
| Accrued charges and deferred income | 492/3 | €825 | €0 | -€825 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €479 | €479 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €1,933 | €2,921 | +€988 | +51.1% |
| Operating profit (loss) | 9901 | €1,328 | €2,314 | +€986 | +74.3% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,284 | €2,270 | +€986 | +76.7% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €1,284 | €2,270 | +€985 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,284 | €2,270 | +€985 | +76.7% |
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 11 October 2026 via checked.be.