DEMOSTRA: 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.
DEMOSTRA
Largest movements
- Cash -€3,132
down €3,132 (-99.9%), from €3,134 to €2
mainly Net result for the year (-€2,752) and Receivables within one year (-€1,891)
- Receivables within one year +€1,891
up €1,891 (+14.3%), from €13,229 to €15,120
of which Trade receivables: +€1,704
- Profit (loss) carried forward -€2,752
down €2,752 (-17.8%), from -€15,495 to -€18,247
- Trade debts +€1,546
up €1,546 (+22.5%), from €6,886 to €8,433
- Other debts +€536
up €536 (+146%), from €368 to €905
- Tax, wage and social debts -€483
no longer reported in 2025 (was €483)
- Other operating charges -€7,647
down €7,647 (-88.9%), from €8,606 to €959
- Gross operating margin -€6,708
down €6,708, from €5,125 to -€1,583
- Depreciation -€1,154
no longer reported in 2025 (was €1,154)
- Financial charges +€56
up €56 (+36.8%), from €153 to €210
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 | €16,703 | €15,550 | -€1,152 | -6.9% |
| Current assets | 29/58 | €16,703 | €15,550 | -€1,152 | -6.9% |
| Amounts receivable within one year | 40/41 | €13,229 | €15,120 | +€1,891 | +14.3% |
| Trade receivables | 40 | €4,132 | €5,836 | +€1,704 | +41.2% |
| Other amounts receivable | 41 | €9,096 | €9,284 | +€187 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,134 | €2 | -€3,132 | -99.9% |
| Deferred charges and accrued income | 490/1 | €340 | €429 | +€89 | +26.2% |
| Total equity and liabilities | 10/49 | €16,703 | €15,550 | -€1,152 | -6.9% |
| Equity | 10/15 | €8,965 | €6,213 | -€2,752 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,860 | €5,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,495 | -€18,247 | -€2,752 | -17.8% |
| Amounts payable | 17/49 | €7,738 | €9,337 | +€1,599 | +20.7% |
| Amounts payable within one year | 42/48 | €7,738 | €9,337 | +€1,599 | +20.7% |
| Trade debts | 44 | €6,886 | €8,433 | +€1,546 | +22.5% |
| Suppliers | 440/4 | €6,886 | €8,433 | +€1,546 | +22.5% |
| Taxes, remuneration and social security | 45 | €483 | - | -€483 | |
| Taxes | 450/3 | €483 | - | -€483 | |
| Other amounts payable | 47/48 | €368 | €905 | +€536 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,154 | - | -€1,154 | |
| Other operating charges | 640/8 | €8,606 | €959 | -€7,647 | -88.9% |
| Gross operating margin | 9900 | €5,125 | -€1,583 | -€6,708 | |
| Operating profit (loss) | 9901 | -€4,634 | -€2,542 | +€2,092 | +45.1% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €153 | €210 | +€56 | +36.8% |
| Recurring financial charges | 65 | €153 | €210 | +€56 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,785 | -€2,752 | +€2,034 | +42.5% |
| Profit (loss) for the period | 9904 | -€4,785 | -€2,752 | +€2,034 | +42.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,785 | -€2,752 | +€2,034 | +42.5% |
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 23 October 2026 via checked.be.