DEMOFIN: 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.
DEMOFIN
Largest movements
- Tangible fixed assets -€21,300
down €21,300 (-7.3%), from €291,125 to €269,825
of which Land and buildings: -€14,512
- Receivables within one year -€11,455
down €11,455 (-33.6%), from €34,103 to €22,648
of which Trade receivables: -€7,770
- Cash +€4,565
up €4,565 (+52.6%), from €8,676 to €13,241
mainly Net result for the year (+€55,318) and Depreciation (+€31,728)
- Debts after one year -€62,130
down €62,130 (-58.3%), from €106,500 to €44,370
- Other debts +€28,303
up €28,303 (+135%), from €21,000 to €49,303
- Tax, wage and social debts +€10,419
up €10,419 (+28.5%), from €36,542 to €46,961
- Profit (loss) carried forward -€9,682
down €9,682 (-14.0%), from €69,037 to €59,355
- Gross operating margin +€14,609
up €14,609 (+14.7%), from €99,521 to €114,130
- Turnover +€6,810
up €6,810 (+2.9%), from €235,808 to €242,618
- Financial charges -€3,352
down €3,352 (-39.6%), from €8,465 to €5,113
- Taxes +€2,834
up €2,834 (+23.0%), from €12,308 to €15,142
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.
Derived cash bridge
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 | €339,628 | €310,726 | -€28,902 | -8.5% |
| Fixed assets | 21/28 | €291,156 | €269,856 | -€21,300 | -7.3% |
| Tangible fixed assets | 22/27 | €291,125 | €269,825 | -€21,300 | -7.3% |
| Land and buildings | 22 | €266,077 | €251,565 | -€14,512 | -5.5% |
| Furniture and vehicles | 24 | €2,975 | €3,978 | +€1,003 | +33.7% |
| Leasing and similar rights | 25 | €22,073 | €14,282 | -€7,791 | -35.3% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €48,472 | €40,870 | -€7,602 | -15.7% |
| Amounts receivable within one year | 40/41 | €34,103 | €22,648 | -€11,455 | -33.6% |
| Trade receivables | 40 | €30,418 | €22,648 | -€7,770 | -25.5% |
| Other amounts receivable | 41 | €3,685 | - | -€3,685 | |
| Cash at bank and in hand | 54/58 | €8,676 | €13,241 | +€4,565 | +52.6% |
| Deferred charges and accrued income | 490/1 | €5,693 | €4,981 | -€712 | -12.5% |
| Total equity and liabilities | 10/49 | €339,628 | €310,726 | -€28,902 | -8.5% |
| Equity | 10/15 | €150,842 | €141,160 | -€9,682 | -6.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,037 | €59,355 | -€9,682 | -14.0% |
| Amounts payable | 17/49 | €188,786 | €169,566 | -€19,220 | -10.2% |
| Amounts payable after more than one year | 17 | €106,500 | €44,370 | -€62,130 | -58.3% |
| Financial debts | 170/4 | €106,500 | €44,370 | -€62,130 | -58.3% |
| Amounts payable within one year | 42/48 | €82,276 | €125,196 | +€42,920 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €21,849 | €24,831 | +€2,982 | +13.6% |
| Trade debts | 44 | €2,885 | €4,101 | +€1,216 | +42.1% |
| Suppliers | 440/4 | €2,885 | €4,101 | +€1,216 | +42.1% |
| Taxes, remuneration and social security | 45 | €36,542 | €46,961 | +€10,419 | +28.5% |
| Taxes | 450/3 | €36,542 | €46,961 | +€10,419 | +28.5% |
| Other amounts payable | 47/48 | €21,000 | €49,303 | +€28,303 | +135% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Turnover | 70 | €235,808 | €242,618 | +€6,810 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,374 | €31,728 | +€354 | +1.1% |
| Other operating charges | 640/8 | €6,033 | €6,829 | +€796 | +13.2% |
| Gross operating margin | 9900 | €99,521 | €114,130 | +€14,609 | +14.7% |
| Operating profit (loss) | 9901 | €62,114 | €75,573 | +€13,459 | +21.7% |
| Financial charges | 65/66B | €8,465 | €5,113 | -€3,352 | -39.6% |
| Recurring financial charges | 65 | €8,465 | €5,113 | -€3,352 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €53,649 | €70,460 | +€16,811 | +31.3% |
| Income taxes | 67/77 | €12,308 | €15,142 | +€2,834 | +23.0% |
| Profit (loss) for the period | 9904 | €41,341 | €55,318 | +€13,977 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,341 | €55,318 | +€13,977 | +33.8% |
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 30 October 2026 via checked.be.