Demore Consulting: 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.
Demore Consulting
Largest movements
- Tangible fixed assets +€412,285
up €412,285 (+325%), from €126,978 to €539,263
of which Land and buildings: +€422,762
- Cash -€73,795
down €73,795 (-52.4%), from €140,722 to €66,927
mainly Investment in fixed assets (net) (-€456,000) and Contributions, distributions and other (-€72,604)
- Receivables within one year +€18,020
up €18,020 (+73.2%), from €24,625 to €42,645
of which Trade receivables: +€15,354
- Deferred charges and accrued income +€8,599
new in 2025: €8,599
- Debts after one year +€282,683
up €282,683 (+180%), from €156,780 to €439,464
- Other debts +€71,040
up €71,040 (+4,540%), from €1,565 to €72,604
- Tax, wage and social debts +€13,156
up €13,156 (+232%), from €5,665 to €18,820
- Trade debts -€10,726
down €10,726 (-69.9%), from €15,355 to €4,629
- Gross operating margin +€42,869
up €42,869 (+38.4%), from €111,638 to €154,507
- Depreciation +€14,210
up €14,210 (+48.2%), from €29,505 to €43,716
- Taxes +€6,326
up €6,326 (+34.1%), from €18,569 to €24,895
- Financial charges +€5,079
up €5,079 (+74.5%), from €6,819 to €11,898
- Other operating charges -€1,646
down €1,646 (-50.8%), from €3,244 to €1,597
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 | €368,325 | €733,434 | +€365,108 | +99.1% |
| Fixed assets | 21/28 | €202,978 | €615,263 | +€412,285 | +203% |
| Tangible fixed assets | 22/27 | €126,978 | €539,263 | +€412,285 | +325% |
| Land and buildings | 22 | €110,009 | €532,771 | +€422,762 | +384% |
| Plant, machinery and equipment | 23 | €1,840 | €656 | -€1,185 | -64.4% |
| Furniture and vehicles | 24 | €15,129 | €5,836 | -€9,292 | -61.4% |
| Financial fixed assets | 28 | €76,000 | €76,000 | = | 0.0% |
| Current assets | 29/58 | €165,347 | €118,171 | -€47,176 | -28.5% |
| Amounts receivable within one year | 40/41 | €24,625 | €42,645 | +€18,020 | +73.2% |
| Trade receivables | 40 | €18,848 | €34,202 | +€15,354 | +81.5% |
| Other amounts receivable | 41 | €5,777 | €8,443 | +€2,666 | +46.2% |
| Cash at bank and in hand | 54/58 | €140,722 | €66,927 | -€73,795 | -52.4% |
| Deferred charges and accrued income | 490/1 | - | €8,599 | +€8,599 | |
| Total equity and liabilities | 10/49 | €368,325 | €733,434 | +€365,108 | +99.1% |
| Equity | 10/15 | €172,446 | €172,446 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,860 | €48,860 | = | 0.0% |
| Distributable reserves | 133 | €48,860 | €48,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,386 | €117,386 | = | 0.0% |
| Amounts payable | 17/49 | €195,879 | €560,988 | +€365,108 | +186% |
| Amounts payable after more than one year | 17 | €156,780 | €439,464 | +€282,683 | +180% |
| Financial debts | 170/4 | €156,780 | €439,464 | +€282,683 | +180% |
| Amounts payable within one year | 42/48 | €38,790 | €119,558 | +€80,767 | +208% |
| Current portion of amounts payable after more than one year | 42 | €11,094 | €16,878 | +€5,784 | +52.1% |
| Financial debts | 43 | €5,112 | €6,626 | +€1,514 | +29.6% |
| Credit institutions | 430/8 | €5,112 | €6,626 | +€1,514 | +29.6% |
| Trade debts | 44 | €15,355 | €4,629 | -€10,726 | -69.9% |
| Suppliers | 440/4 | €15,355 | €4,629 | -€10,726 | -69.9% |
| Taxes, remuneration and social security | 45 | €5,665 | €18,820 | +€13,156 | +232% |
| Taxes | 450/3 | €5,665 | €18,820 | +€13,156 | +232% |
| Other amounts payable | 47/48 | €1,565 | €72,604 | +€71,040 | +4,540% |
| Accrued charges and deferred income | 492/3 | €309 | €1,966 | +€1,658 | +537% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,505 | €43,716 | +€14,210 | +48.2% |
| Other operating charges | 640/8 | €3,244 | €1,597 | -€1,646 | -50.8% |
| Gross operating margin | 9900 | €111,638 | €154,507 | +€42,869 | +38.4% |
| Operating profit (loss) | 9901 | €78,889 | €109,195 | +€30,305 | +38.4% |
| Financial income | 75/76B | €85 | €202 | +€117 | +137% |
| Recurring financial income | 75 | €85 | €202 | +€117 | +137% |
| Financial charges | 65/66B | €6,819 | €11,898 | +€5,079 | +74.5% |
| Recurring financial charges | 65 | €6,819 | €11,898 | +€5,079 | +74.5% |
| Profit (loss) for the period before taxes | 9903 | €72,155 | €97,499 | +€25,343 | +35.1% |
| Income taxes | 67/77 | €18,569 | €24,895 | +€6,326 | +34.1% |
| Profit (loss) for the period | 9904 | €53,587 | €72,604 | +€19,018 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,587 | €72,604 | +€19,018 | +35.5% |
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 30 October 2026 via checked.be.