DEMOSTONE: 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.
DEMOSTONE
Largest movements
- Tangible fixed assets +€25,292
up €25,292 (+18.4%), from €137,643 to €162,935
of which Leasing and similar rights: +€39,658
- Receivables within one year -€9,754
down €9,754 (-37.9%), from €25,752 to €15,997
of which Other amounts receivable: -€11,898
- Contributions -€17,650
down €17,650 (-94.1%), from €18,750 to €1,100
- Debts after one year +€15,644
up €15,644 (+19.7%), from €79,472 to €95,115
- Reserves +€14,055
up €14,055 (+28.5%), from €49,270 to €63,325
- Current portion of long-term debt +€9,662
up €9,662 (+31.1%), from €31,054 to €40,716
- Other debts -€8,247
down €8,247 (-100.0%), from €8,247 to €0
- Gross operating margin +€20,989
up €20,989 (+27.0%), from €77,744 to €98,733
- Staff costs +€8,463
up €8,463 (+175.0%), from €4,836 to €13,299
- Taxes +€1,639
up €1,639 (+49.6%), from €3,304 to €4,943
- Depreciation +€1,161
up €1,161 (+2.3%), from €51,097 to €52,258
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 | €239,984 | €252,131 | +€12,147 | +5.1% |
| Fixed assets | 21/28 | €137,643 | €162,935 | +€25,292 | +18.4% |
| Tangible fixed assets | 22/27 | €137,643 | €162,935 | +€25,292 | +18.4% |
| Land and buildings | 22 | €4,576 | €2,901 | -€1,675 | -36.6% |
| Plant, machinery and equipment | 23 | €26,311 | €22,848 | -€3,463 | -13.2% |
| Furniture and vehicles | 24 | €27,599 | €18,370 | -€9,228 | -33.4% |
| Leasing and similar rights | 25 | €79,158 | €118,816 | +€39,658 | +50.1% |
| Current assets | 29/58 | €102,341 | €89,196 | -€13,145 | -12.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,752 | €15,997 | -€9,754 | -37.9% |
| Trade receivables | 40 | €0 | €2,144 | +€2,144 | |
| Other amounts receivable | 41 | €25,752 | €13,853 | -€11,898 | -46.2% |
| Cash at bank and in hand | 54/58 | €21,860 | €19,762 | -€2,098 | -9.6% |
| Deferred charges and accrued income | 490/1 | €4,730 | €3,437 | -€1,293 | -27.3% |
| Total equity and liabilities | 10/49 | €239,984 | €252,131 | +€12,147 | +5.1% |
| Equity | 10/15 | €68,020 | €64,425 | -€3,595 | -5.3% |
| Contributions | 10/11 | €18,750 | €1,100 | -€17,650 | -94.1% |
| Reserves | 13 | €49,270 | €63,325 | +€14,055 | +28.5% |
| Distributable reserves | 133 | €49,270 | €63,325 | +€14,055 | +28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €50,000 | €50,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,000 | €50,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable | 17/49 | €121,964 | €137,706 | +€15,742 | +12.9% |
| Amounts payable after more than one year | 17 | €79,472 | €95,115 | +€15,644 | +19.7% |
| Financial debts | 170/4 | €79,472 | €95,115 | +€15,644 | +19.7% |
| Amounts payable within one year | 42/48 | €42,493 | €42,591 | +€98 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €31,054 | €40,716 | +€9,662 | +31.1% |
| Trade debts | 44 | €600 | €1,575 | +€974 | +162.3% |
| Suppliers | 440/4 | €600 | €1,575 | +€974 | +162.3% |
| Taxes, remuneration and social security | 45 | €2,592 | €300 | -€2,291 | -88.4% |
| Taxes | 450/3 | €1,572 | €300 | -€1,272 | -80.9% |
| Remuneration and social security | 454/9 | €1,019 | €0 | -€1,019 | -100.0% |
| Other amounts payable | 47/48 | €8,247 | €0 | -€8,247 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €26,287 | +€26,287 | |
| Remuneration, social security and pensions | 62 | €4,836 | €13,299 | +€8,463 | +175.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,097 | €52,258 | +€1,161 | +2.3% |
| Other operating charges | 640/8 | €1,334 | €2,017 | +€683 | +51.2% |
| Gross operating margin | 9900 | €77,744 | €98,733 | +€20,989 | +27.0% |
| Operating profit (loss) | 9901 | €20,476 | €31,159 | +€10,682 | +52.2% |
| Financial income | 75/76B | €2,105 | €1,954 | -€151 | -7.2% |
| Recurring financial income | 75 | €2,105 | €1,954 | -€151 | -7.2% |
| Financial charges | 65/66B | €10,442 | €9,840 | -€602 | -5.8% |
| Recurring financial charges | 65 | €10,442 | €9,840 | -€602 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €12,139 | €23,273 | +€11,133 | +91.7% |
| Income taxes | 67/77 | €3,304 | €4,943 | +€1,639 | +49.6% |
| Profit (loss) for the period | 9904 | €8,835 | €18,330 | +€9,494 | +107.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,835 | €18,330 | +€9,494 | +107.5% |
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 7 October 2026 via checked.be.