DEMOLO: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Receivables after one year -€503,691
down €503,691 (-100%), from €503,691 to €0
- Reserves -€349,429
down €349,429 (-27.1%), from €1.3m to €938,470
of which Distributable reserves: -€349,429
- Profit (loss) carried forward -€157,233
down €157,233 (-100%), from €157,233 to €0
- Gross operating margin -€54,085
down €54,085, from €50,513 to -€3,571
- Financial income -€17,189
down €17,189 (-97.4%), from €17,656 to €466
- Taxes -€14,760
down €14,760 (-100%), from €14,760 to €0
- Financial charges +€2,230
up €2,230 (+3,452%), from €65 to €2,295
- Other operating charges +€843
up €843 (+201%), from €419 to €1,263
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,675,132 | €1,170,880 | -€504,252 | -30.1% |
| Fixed assets | 21/28 | €1,167,109 | €1,167,109 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,167,109 | €1,167,109 | = | 0.0% |
| Current assets | 29/58 | €508,023 | €3,771 | -€504,252 | -99.3% |
| Amounts receivable after more than one year | 29 | €503,691 | €0 | -€503,691 | -100% |
| Other amounts receivable | 291 | €503,691 | €0 | -€503,691 | -100% |
| Amounts receivable within one year | 40/41 | €2,761 | €2,355 | -€406 | -14.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,761 | €2,355 | -€406 | -14.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,572 | €1,416 | -€156 | -9.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,675,132 | €1,170,880 | -€504,252 | -30.1% |
| Equity | 10/15 | €1,595,132 | €1,088,470 | -€506,662 | -31.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,287,899 | €938,470 | -€349,429 | -27.1% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €145,245 | €145,245 | = | 0.0% |
| Distributable reserves | 133 | €1,127,654 | €778,225 | -€349,429 | -31.0% |
| Profit (loss) carried forward | 14 | €157,233 | €0 | -€157,233 | -100% |
| Amounts payable | 17/49 | €80,000 | €82,410 | +€2,410 | +3.0% |
| Amounts payable within one year | 42/48 | €80,000 | €82,410 | +€2,410 | +3.0% |
| Trade debts | 44 | €0 | €1,143 | +€1,143 | |
| Suppliers | 440/4 | €0 | €1,143 | +€1,143 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €80,000 | €81,268 | +€1,268 | +1.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €419 | €1,263 | +€843 | +201% |
| Non-recurring operating charges | 66A | €9,424 | €0 | -€9,424 | -100% |
| Gross operating margin | 9900 | €50,513 | -€3,571 | -€54,085 | |
| Operating profit (loss) | 9901 | €40,670 | -€4,834 | -€45,504 | |
| Financial income | 75/76B | €17,656 | €466 | -€17,189 | -97.4% |
| Recurring financial income | 75 | €17,656 | €466 | -€17,189 | -97.4% |
| Financial charges | 65/66B | €65 | €2,295 | +€2,230 | +3,452% |
| Recurring financial charges | 65 | €65 | €2,295 | +€2,230 | +3,452% |
| Profit (loss) for the period before taxes | 9903 | €58,262 | -€6,662 | -€64,924 | |
| Income taxes | 67/77 | €14,760 | €0 | -€14,760 | -100% |
| Profit (loss) for the period | 9904 | €43,502 | -€6,662 | -€50,164 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €43,502 | -€6,662 | -€50,164 |
Value
A value from the accounts assumes the company carries on.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 13 November 2026 via checked.be.