DEMONCEAU XAVIER: 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.
DEMONCEAU XAVIER
Largest movements
- Receivables within one year +€15,643
up €15,643 (+104%), from €15,039 to €30,683
of which Trade receivables: +€15,763
- Tangible fixed assets -€5,443
down €5,443 (-28.4%), from €19,151 to €13,707
of which Plant, machinery and equipment: -€3,807
- Profit (loss) carried forward +€11,116
up €11,116 (+48.1%), from -€23,103 to -€11,987
- Other debts +€8,431
new in 2025: €8,431
- Short-term financial debts -€7,307
down €7,307 (-85.8%), from €8,515 to €1,209
- Trade debts -€3,302
down €3,302 (-35.6%), from €9,264 to €5,962
- Tax, wage and social debts +€1,205
up €1,205 (+3.9%), from €30,611 to €31,816
of which Taxes: +€3,268
- Gross operating margin +€22,864
up €22,864 (+26.4%), from €86,636 to €109,500
- Staff costs +€3,410
up €3,410 (+4.0%), from €84,345 to €87,754
- Depreciation -€1,806
down €1,806 (-16.4%), from €11,022 to €9,215
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,787 | €44,830 | +€10,043 | +28.9% |
| Fixed assets | 21/28 | €19,151 | €13,707 | -€5,443 | -28.4% |
| Tangible fixed assets | 22/27 | €19,151 | €13,707 | -€5,443 | -28.4% |
| Plant, machinery and equipment | 23 | €9,246 | €5,439 | -€3,807 | -41.2% |
| Furniture and vehicles | 24 | €9,905 | €8,268 | -€1,636 | -16.5% |
| Current assets | 29/58 | €15,636 | €31,123 | +€15,487 | +99.0% |
| Amounts receivable within one year | 40/41 | €15,039 | €30,683 | +€15,643 | +104% |
| Trade receivables | 40 | €14,906 | €30,668 | +€15,763 | +106% |
| Other amounts receivable | 41 | €134 | €14 | -€119 | -89.2% |
| Deferred charges and accrued income | 490/1 | €597 | €440 | -€157 | -26.3% |
| Total equity and liabilities | 10/49 | €34,787 | €44,830 | +€10,043 | +28.9% |
| Equity | 10/15 | -€14,303 | -€3,187 | +€11,116 | +77.7% |
| Contributions | 10/11 | €8,800 | €8,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,103 | -€11,987 | +€11,116 | +48.1% |
| Amounts payable | 17/49 | €49,090 | €48,017 | -€1,073 | -2.2% |
| Amounts payable within one year | 42/48 | €48,390 | €47,417 | -€973 | -2.0% |
| Financial debts | 43 | €8,515 | €1,209 | -€7,307 | -85.8% |
| Credit institutions | 430/8 | €8,515 | €1,209 | -€7,307 | -85.8% |
| Trade debts | 44 | €9,264 | €5,962 | -€3,302 | -35.6% |
| Suppliers | 440/4 | €9,264 | €5,962 | -€3,302 | -35.6% |
| Taxes, remuneration and social security | 45 | €30,611 | €31,816 | +€1,205 | +3.9% |
| Taxes | 450/3 | €11,557 | €14,825 | +€3,268 | +28.3% |
| Remuneration and social security | 454/9 | €19,053 | €16,991 | -€2,063 | -10.8% |
| Other amounts payable | 47/48 | - | €8,431 | +€8,431 | |
| Accrued charges and deferred income | 492/3 | €700 | €600 | -€100 | -14.3% |
| Remuneration, social security and pensions | 62 | €84,345 | €87,754 | +€3,410 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,022 | €9,215 | -€1,806 | -16.4% |
| Other operating charges | 640/8 | €597 | €577 | -€20 | -3.3% |
| Gross operating margin | 9900 | €86,636 | €109,500 | +€22,864 | +26.4% |
| Operating profit (loss) | 9901 | -€9,327 | €11,953 | +€21,280 | |
| Financial income | 75/76B | €868 | - | -€868 | |
| Recurring financial income | 75 | €868 | - | -€868 | |
| Financial charges | 65/66B | €1,466 | €673 | -€793 | -54.1% |
| Recurring financial charges | 65 | €1,226 | €673 | -€553 | -45.1% |
| Non-recurring financial charges | 66B | €240 | - | -€240 | |
| Profit (loss) for the period before taxes | 9903 | -€9,925 | €11,279 | +€21,204 | |
| Income taxes | 67/77 | €162 | €163 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | -€10,087 | €11,116 | +€21,203 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,087 | €11,116 | +€21,203 |
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 23 October 2026 via checked.be.