Demonlabs: what changed
Two fiscal 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.
Demonlabs
Largest movements
- Cash -€11,206
down €11,206 (-100.0%), from €11,208 to €2
mainly Net result for the year (-€23,809) and Tax, wage and social debts (-€6,228)
- Receivables within one year -€8,828
down €8,828 (-17.2%), from €51,432 to €42,604
of which Other amounts receivable: -€10,925
- Tangible fixed assets -€4,030
down €4,030 (-56.7%), from €7,112 to €3,083
of which Furniture and vehicles: -€3,123
- Reserves -€23,809
down €23,809 (-50.2%), from €47,397 to €23,587
- Other debts +€11,151
up €11,151 (+1338.7%), from €833 to €11,984
- Tax, wage and social debts -€6,228
down €6,228 (-95.3%), from €6,535 to €307
- Debts after one year -€3,282
down €3,282 (-49.5%), from €6,630 to €3,348
- Trade debts -€1,978
down €1,978 (-91.6%), from €2,158 to €181
- Gross operating margin -€37,789
down €37,789, from €19,180 to -€18,609
- Depreciation -€5,654
down €5,654 (-58.4%), from €9,683 to €4,030
- Taxes -€2,420
down €2,420 (-93.2%), from €2,596 to €176
- Financial charges +€407
up €407 (+119.9%), from €340 to €747
- Financial income -€302
down €302 (-68.5%), from €441 to €139
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,769 | €45,689 | -€24,080 | -34.5% |
| Fixed assets | 21/28 | €7,112 | €3,083 | -€4,030 | -56.7% |
| Tangible fixed assets | 22/27 | €7,112 | €3,083 | -€4,030 | -56.7% |
| Plant, machinery and equipment | 23 | €1,781 | €875 | -€906 | -50.9% |
| Furniture and vehicles | 24 | €5,331 | €2,208 | -€3,123 | -58.6% |
| Current assets | 29/58 | €62,657 | €42,606 | -€20,051 | -32.0% |
| Amounts receivable within one year | 40/41 | €51,432 | €42,604 | -€8,828 | -17.2% |
| Trade receivables | 40 | €40,507 | €42,604 | +€2,096 | +5.2% |
| Other amounts receivable | 41 | €10,925 | €0 | -€10,925 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,208 | €2 | -€11,206 | -100.0% |
| Deferred charges and accrued income | 490/1 | €16 | €0 | -€16 | -100.0% |
| Total equity and liabilities | 10/49 | €69,769 | €45,689 | -€24,080 | -34.5% |
| Equity | 10/15 | €50,397 | €26,587 | -€23,809 | -47.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,397 | €23,587 | -€23,809 | -50.2% |
| Distributable reserves | 133 | €47,397 | €23,587 | -€23,809 | -50.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,373 | €19,102 | -€271 | -1.4% |
| Amounts payable after more than one year | 17 | €6,630 | €3,348 | -€3,282 | -49.5% |
| Financial debts | 170/4 | €6,630 | €3,348 | -€3,282 | -49.5% |
| Amounts payable within one year | 42/48 | €12,743 | €15,753 | +€3,010 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €3,217 | €3,282 | +€65 | +2.0% |
| Trade debts | 44 | €2,158 | €181 | -€1,978 | -91.6% |
| Suppliers | 440/4 | €2,158 | €181 | -€1,978 | -91.6% |
| Taxes, remuneration and social security | 45 | €6,535 | €307 | -€6,228 | -95.3% |
| Taxes | 450/3 | €6,535 | €307 | -€6,228 | -95.3% |
| Other amounts payable | 47/48 | €833 | €11,984 | +€11,151 | +1338.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,683 | €4,030 | -€5,654 | -58.4% |
| Other operating charges | 640/8 | €387 | €386 | -€2 | -0.4% |
| Gross operating margin | 9900 | €19,180 | -€18,609 | -€37,789 | |
| Operating profit (loss) | 9901 | €9,109 | -€23,024 | -€32,133 | |
| Financial income | 75/76B | €441 | €139 | -€302 | -68.5% |
| Recurring financial income | 75 | €441 | €139 | -€302 | -68.5% |
| Financial charges | 65/66B | €340 | €747 | +€407 | +119.9% |
| Recurring financial charges | 65 | €340 | €747 | +€407 | +119.9% |
| Profit (loss) for the period before taxes | 9903 | €9,210 | -€23,633 | -€32,843 | |
| Income taxes | 67/77 | €2,596 | €176 | -€2,420 | -93.2% |
| Profit (loss) for the period | 9904 | €6,614 | -€23,809 | -€30,423 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,614 | -€23,809 | -€30,423 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.