DEMOTEC: 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.
DEMOTEC
Largest movements
- Cash -€83,986
down €83,986 (-61.4%), from €136,849 to €52,863
mainly Other debts (-€59,456) and Net result for the year (-€42,988)
- Receivables within one year -€10,396
down €10,396 (-24.2%), from €43,045 to €32,649
- Tangible fixed assets -€1,971
down €1,971 (-13.3%), from €14,865 to €12,894
- Other debts -€59,456
down €59,456 (-87.7%), from €67,780 to €8,324
- Profit (loss) carried forward -€42,988
down €42,988 (-44.9%), from €95,690 to €52,702
- Tax, wage and social debts +€5,679
up €5,679 (+71.7%), from €7,918 to €13,597
of which Remuneration and social security: +€3,175
- Gross operating margin -€40,979
down €40,979 (-58.8%), from €69,696 to €28,717
- Staff costs +€2,190
up €2,190 (+3.3%), from €67,092 to €69,282
- Financial income -€1,416
no longer reported in 2025 (was €1,416)
- Financial charges -€753
down €753, from €647 to -€106
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 | €194,759 | €98,406 | -€96,353 | -49.5% |
| Fixed assets | 21/28 | €14,865 | €12,894 | -€1,971 | -13.3% |
| Tangible fixed assets | 22/27 | €14,865 | €12,894 | -€1,971 | -13.3% |
| Land and buildings | 22 | €14,865 | €12,894 | -€1,971 | -13.3% |
| Current assets | 29/58 | €179,894 | €85,512 | -€94,382 | -52.5% |
| Amounts receivable within one year | 40/41 | €43,045 | €32,649 | -€10,396 | -24.2% |
| Trade receivables | 40 | €43,045 | €32,649 | -€10,396 | -24.2% |
| Cash at bank and in hand | 54/58 | €136,849 | €52,863 | -€83,986 | -61.4% |
| Total equity and liabilities | 10/49 | €194,759 | €98,406 | -€96,353 | -49.5% |
| Equity | 10/15 | €116,141 | €73,153 | -€42,988 | -37.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,690 | €52,702 | -€42,988 | -44.9% |
| Amounts payable | 17/49 | €78,618 | €25,253 | -€53,365 | -67.9% |
| Amounts payable within one year | 42/48 | €78,618 | €25,253 | -€53,365 | -67.9% |
| Trade debts | 44 | €2,920 | €3,332 | +€412 | +14.1% |
| Suppliers | 440/4 | €2,920 | €3,332 | +€412 | +14.1% |
| Taxes, remuneration and social security | 45 | €7,918 | €13,597 | +€5,679 | +71.7% |
| Taxes | 450/3 | €69 | €2,573 | +€2,504 | +3,629% |
| Remuneration and social security | 454/9 | €7,849 | €11,024 | +€3,175 | +40.5% |
| Other amounts payable | 47/48 | €67,780 | €8,324 | -€59,456 | -87.7% |
| Remuneration, social security and pensions | 62 | €67,092 | €69,282 | +€2,190 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,607 | €1,971 | -€636 | -24.4% |
| Other operating charges | 640/8 | €410 | €558 | +€148 | +36.1% |
| Gross operating margin | 9900 | €69,696 | €28,717 | -€40,979 | -58.8% |
| Operating profit (loss) | 9901 | -€413 | -€43,094 | -€42,681 | -10,334% |
| Financial income | 75/76B | €1,416 | - | -€1,416 | |
| Recurring financial income | 75 | €1,416 | - | -€1,416 | |
| Financial charges | 65/66B | €647 | -€106 | -€753 | |
| Recurring financial charges | 65 | €647 | -€106 | -€753 | |
| Profit (loss) for the period before taxes | 9903 | €356 | -€42,988 | -€43,344 | |
| Profit (loss) for the period | 9904 | €356 | -€42,988 | -€43,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €356 | -€42,988 | -€43,344 |
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 31 October 2026 via checked.be.