DEMOGEST: 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.
What changed
DEMOGEST
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,500
2024 · €14,489-€25,989
Equity
€193,199
2024 · €204,699-€11,500
Cash
€28,684
2024 · €28,267+€417
Balance sheet total
€324,240
2024 · €340,309-€16,069
Largest movements
Assets
- Tangible fixed assets -€14,063
down €14,063 (-4.6%), from €307,432 to €293,369
of which Land and buildings: -€12,472
Equity and liabilities
- Profit (loss) carried forward -€11,500
down €11,500 (-11.2%), from €102,781 to €91,281
- Tax, wage and social debts -€6,166
down €6,166 (-89.2%), from €6,915 to €748
of which Taxes: -€6,166
Income statement
- Gross operating margin -€38,777
down €38,777 (-82.5%), from €46,975 to €8,198
- Taxes -€7,771
down €7,771, from €7,674 to -€97
- Staff costs -€5,336
down €5,336 (-100.0%), from €5,336 to €0
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.
Result 2024
€14,489
Gross operating margin
-€38,777
Staff costs
+€5,336
Depreciation
-€199
Other operating charges
+€15
Financial income
-€270
Financial charges
+€135
Taxes
+€7,771
Result 2025
-€11,500
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.
From operations
+€417
Investment
€0
Financing
€0
Cash 2024
€28,267
From operations (derived)
+€417
Net result for the year
-€11,500
Depreciation
+€14,063
Receivables within one year
+€2,634
Deferred charges and accrued income
-€211
Trade debts
+€553
Tax, wage and social debts
-€6,166
Other debts
-€948
Accrued charges and deferred income
+€1,993
Cash 2025
€28,684
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €340,309 | €324,240 | -€16,069 | -4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €307,432 | €293,369 | -€14,063 | -4.6% |
| Tangible fixed assets | 22/27 | €307,432 | €293,369 | -€14,063 | -4.6% |
| Land and buildings | 22 | €302,886 | €290,414 | -€12,472 | -4.1% |
| Furniture and vehicles | 24 | €4,546 | €2,956 | -€1,591 | -35.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €32,877 | €30,870 | -€2,006 | -6.1% |
| Amounts receivable within one year | 40/41 | €3,345 | €711 | -€2,634 | -78.7% |
| Trade receivables | 40 | €1,705 | €251 | -€1,454 | -85.3% |
| Other amounts receivable | 41 | €1,640 | €460 | -€1,180 | -71.9% |
| Cash at bank and in hand | 54/58 | €28,267 | €28,684 | +€417 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,476 | +€211 | +16.7% |
| Total equity and liabilities | 10/49 | €340,309 | €324,240 | -€16,069 | -4.7% |
| Equity | 10/15 | €204,699 | €193,199 | -€11,500 | -5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €81,918 | €81,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €79,918 | €79,918 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,781 | €91,281 | -€11,500 | -11.2% |
| Amounts payable | 17/49 | €135,610 | €131,041 | -€4,569 | -3.4% |
| Amounts payable after more than one year | 17 | €65,000 | €65,000 | = | 0.0% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,580 | €49,019 | -€6,562 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,017 | €2,570 | +€553 | +27.4% |
| Suppliers | 440/4 | €2,017 | €2,570 | +€553 | +27.4% |
| Taxes, remuneration and social security | 45 | €6,915 | €748 | -€6,166 | -89.2% |
| Taxes | 450/3 | €6,915 | €748 | -€6,166 | -89.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €46,648 | €45,700 | -€948 | -2.0% |
| Accrued charges and deferred income | 492/3 | €15,029 | €17,022 | +€1,993 | +13.3% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €5,336 | €0 | -€5,336 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,864 | €14,063 | +€199 | +1.4% |
| Other operating charges | 640/8 | €3,787 | €3,771 | -€15 | -0.4% |
| Gross operating margin | 9900 | €46,975 | €8,198 | -€38,777 | -82.5% |
| Operating profit (loss) | 9901 | €23,988 | -€9,636 | -€33,624 | |
| Financial income | 75/76B | €450 | €180 | -€270 | -60.0% |
| Recurring financial income | 75 | €37 | €180 | +€143 | +389.1% |
| Non-recurring financial income | 76B | €413 | - | -€413 | |
| Financial charges | 65/66B | €2,275 | €2,140 | -€135 | -5.9% |
| Recurring financial charges | 65 | €2,275 | €2,140 | -€135 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €22,163 | -€11,597 | -€33,759 | |
| Income taxes | 67/77 | €7,674 | -€97 | -€7,771 | |
| Profit (loss) for the period | 9904 | €14,489 | -€11,500 | -€25,989 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,489 | -€11,500 | -€25,989 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.