DEMOO: 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.
DEMOO
Largest movements
- Tangible fixed assets +€27,586
up €27,586 (+194.6%), from €14,176 to €41,762
of which Furniture and vehicles: +€26,095
- Receivables within one year +€3,007
up €3,007 (+84.4%), from €3,563 to €6,570
of which Other amounts receivable: +€3,314
- Cash +€885
up €885 (+9.3%), from €9,523 to €10,408
mainly Debts after one year (+€32,850) and Current portion of long-term debt (+€5,715)
- Debts after one year +€32,850
up €32,850 (+213.8%), from €15,362 to €48,212
of which Financial debts: +€21,954
- Current portion of long-term debt +€5,715
new in 2025: €5,715
- Tax, wage and social debts -€2,719
no longer reported in 2025 (was €2,719)
- Profit (loss) carried forward -€2,672
new in 2025: -€2,672
- Reserves -€1,118
down €1,118 (-15.1%), from €7,412 to €6,294
- Gross operating margin -€5,073
down €5,073 (-33.3%), from €15,228 to €10,154
- Taxes -€3,257
down €3,257 (-80.5%), from €4,047 to €790
- Depreciation +€1,210
up €1,210 (+38.4%), from €3,154 to €4,364
- Other operating charges -€732
down €732 (-68.8%), from €1,063 to €332
- Financial charges +€579
up €579 (+844.3%), from €69 to €647
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 | €27,533 | €59,050 | +€31,516 | +114.5% |
| Fixed assets | 21/28 | €14,176 | €41,762 | +€27,586 | +194.6% |
| Tangible fixed assets | 22/27 | €14,176 | €41,762 | +€27,586 | +194.6% |
| Plant, machinery and equipment | 23 | - | €1,700 | +€1,700 | |
| Furniture and vehicles | 24 | €12,237 | €38,332 | +€26,095 | +213.2% |
| Other tangible fixed assets | 26 | €1,939 | €1,730 | -€209 | -10.8% |
| Current assets | 29/58 | €13,358 | €17,288 | +€3,931 | +29.4% |
| Amounts receivable within one year | 40/41 | €3,563 | €6,570 | +€3,007 | +84.4% |
| Trade receivables | 40 | €3,563 | €3,256 | -€308 | -8.6% |
| Other amounts receivable | 41 | - | €3,314 | +€3,314 | |
| Cash at bank and in hand | 54/58 | €9,523 | €10,408 | +€885 | +9.3% |
| Deferred charges and accrued income | 490/1 | €272 | €311 | +€39 | +14.3% |
| Total equity and liabilities | 10/49 | €27,533 | €59,050 | +€31,516 | +114.5% |
| Equity | 10/15 | €8,912 | €5,122 | -€3,790 | -42.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €7,412 | €6,294 | -€1,118 | -15.1% |
| Distributable reserves | 133 | €7,412 | €6,294 | -€1,118 | -15.1% |
| Profit (loss) carried forward | 14 | - | -€2,672 | -€2,672 | |
| Amounts payable | 17/49 | €18,621 | €53,927 | +€35,306 | +189.6% |
| Amounts payable after more than one year | 17 | €15,362 | €48,212 | +€32,850 | +213.8% |
| Financial debts | 170/4 | - | €21,954 | +€21,954 | |
| Other amounts payable | 178/9 | €15,362 | €26,258 | +€10,896 | +70.9% |
| Amounts payable within one year | 42/48 | €3,259 | €5,715 | +€2,456 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,715 | +€5,715 | |
| Trade debts | 44 | €120 | - | -€120 | |
| Suppliers | 440/4 | €120 | - | -€120 | |
| Taxes, remuneration and social security | 45 | €2,719 | - | -€2,719 | |
| Taxes | 450/3 | €2,719 | - | -€2,719 | |
| Other amounts payable | 47/48 | €420 | - | -€420 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,154 | €4,364 | +€1,210 | +38.4% |
| Other operating charges | 640/8 | €1,063 | €332 | -€732 | -68.8% |
| Non-recurring operating charges | 66A | - | €6,693 | +€6,693 | |
| Gross operating margin | 9900 | €15,228 | €10,154 | -€5,073 | -33.3% |
| Operating profit (loss) | 9901 | €11,010 | -€1,235 | -€12,245 | |
| Financial charges | 65/66B | €69 | €647 | +€579 | +844.3% |
| Recurring financial charges | 65 | €69 | €647 | +€579 | +844.3% |
| Profit (loss) for the period before taxes | 9903 | €10,942 | -€1,882 | -€12,823 | |
| Income taxes | 67/77 | €4,047 | €790 | -€3,257 | -80.5% |
| Profit (loss) for the period | 9904 | €6,894 | -€2,672 | -€9,566 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,894 | -€2,672 | -€9,566 |
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 29 September 2026 via checked.be.