DEMOKO GLOBAL: 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.
DEMOKO GLOBAL
Largest movements
- Receivables within one year +€460,782
up €460,782 (+67.2%), from €685,208 to €1.1m
of which Trade receivables: +€444,793
- Cash +€364,560
up €364,560 (+187%), from €194,931 to €559,491
mainly Trade debts (+€414,512) and Net result for the year (+€362,902)
- Trade debts +€414,512
up €414,512 (+287%), from €144,431 to €558,942
- Profit (loss) carried forward +€362,902
up €362,902 (+56.2%), from €646,228 to €1.0m
- Short-term financial debts +€50,402
up €50,402 (+81.0%), from €62,230 to €112,632
- Turnover +€2.4m
up €2.4m (+69.5%), from €3.5m to €5.9m
- Purchases and services +€2.3m
up €2.3m (+75.9%), from €3.0m to €5.3m
- Gross operating margin +€121,261
up €121,261 (+25.7%), from €471,864 to €593,125
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 | €908,335 | €1,726,465 | +€818,130 | +90.1% |
| Fixed assets | 21/28 | €19,891 | €15,574 | -€4,317 | -21.7% |
| Tangible fixed assets | 22/27 | €19,891 | €15,574 | -€4,317 | -21.7% |
| Plant, machinery and equipment | 23 | €512 | €3,592 | +€3,080 | +601% |
| Furniture and vehicles | 24 | €19,379 | €11,982 | -€7,397 | -38.2% |
| Current assets | 29/58 | €888,444 | €1,710,891 | +€822,447 | +92.6% |
| Amounts receivable within one year | 40/41 | €685,208 | €1,145,990 | +€460,782 | +67.2% |
| Trade receivables | 40 | €642,912 | €1,087,705 | +€444,793 | +69.2% |
| Other amounts receivable | 41 | €42,296 | €58,285 | +€15,988 | +37.8% |
| Cash at bank and in hand | 54/58 | €194,931 | €559,491 | +€364,560 | +187% |
| Deferred charges and accrued income | 490/1 | €8,305 | €5,411 | -€2,894 | -34.8% |
| Total equity and liabilities | 10/49 | €908,335 | €1,726,465 | +€818,130 | +90.1% |
| Equity | 10/15 | €654,228 | €1,017,130 | +€362,902 | +55.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €646,228 | €1,009,130 | +€362,902 | +56.2% |
| Amounts payable | 17/49 | €254,107 | €709,335 | +€455,228 | +179% |
| Amounts payable after more than one year | 17 | €8,946 | - | -€8,946 | |
| Financial debts | 170/4 | €8,946 | - | -€8,946 | |
| Amounts payable within one year | 42/48 | €245,161 | €709,335 | +€464,174 | +189% |
| Current portion of amounts payable after more than one year | 42 | €9,300 | €8,946 | -€353 | -3.8% |
| Financial debts | 43 | €62,230 | €112,632 | +€50,402 | +81.0% |
| Credit institutions | 430/8 | €62,230 | €112,632 | +€50,402 | +81.0% |
| Trade debts | 44 | €144,431 | €558,942 | +€414,512 | +287% |
| Suppliers | 440/4 | €144,431 | €558,942 | +€414,512 | +287% |
| Taxes, remuneration and social security | 45 | €29,200 | €28,814 | -€386 | -1.3% |
| Taxes | 450/3 | €16,189 | - | -€16,189 | |
| Remuneration and social security | 454/9 | €13,011 | €28,814 | +€15,803 | +121% |
| Turnover | 70 | €3,467,204 | €5,875,790 | +€2.4m | +69.5% |
| Non-recurring operating income | 76A | €34,113 | €46,464 | +€12,351 | +36.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,029,453 | €5,329,129 | +€2.3m | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,386 | €8,196 | +€4,809 | +142% |
| Other operating charges | 640/8 | €1,517 | €2,285 | +€768 | +50.6% |
| Gross operating margin | 9900 | €471,864 | €593,125 | +€121,261 | +25.7% |
| Operating profit (loss) | 9901 | €466,961 | €582,644 | +€115,683 | +24.8% |
| Financial income | 75/76B | €7 | €11 | +€4 | +53.0% |
| Recurring financial income | 75 | €7 | €11 | +€4 | +53.0% |
| Financial charges | 65/66B | €96,108 | €100,564 | +€4,456 | +4.6% |
| Recurring financial charges | 65 | €96,108 | €100,564 | +€4,456 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €370,859 | €482,091 | +€111,231 | +30.0% |
| Income taxes | 67/77 | €91,187 | €119,189 | +€28,002 | +30.7% |
| Profit (loss) for the period | 9904 | €279,673 | €362,902 | +€83,229 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €279,673 | €362,902 | +€83,229 | +29.8% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.