DEMOTECH BELGIUM LTD: 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.
DEMOTECH BELGIUM LTD
Largest movements
- Cash +€10,003
up €10,003 (+8.6%), from €115,931 to €125,934
mainly Net result for the year (+€14,668) and Receivables within one year (+€6,116)
- Receivables within one year -€6,116
down €6,116 (-14.3%), from €42,855 to €36,738
of which Trade receivables: -€8,886
- Reserves +€14,668
up €14,668 (+12.3%), from €119,397 to €134,065
of which Distributable reserves: +€14,668
- Other debts -€6,568
down €6,568 (-13.0%), from €50,659 to €44,091
- Tax, wage and social debts -€4,873
down €4,873 (-86.0%), from €5,667 to €794
- Gross operating margin -€10,594
down €10,594 (-29.4%), from €36,057 to €25,463
- Taxes -€1,497
down €1,497 (-14.5%), from €10,333 to €8,836
- Financial charges -€663
no longer reported in 2025 (was €663)
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 | €180,387 | €183,588 | +€3,201 | +1.8% |
| Fixed assets | 21/28 | €21,601 | €20,915 | -€686 | -3.2% |
| Tangible fixed assets | 22/27 | €1,312 | €627 | -€686 | -52.3% |
| Plant, machinery and equipment | 23 | €1,059 | €627 | -€432 | -40.8% |
| Furniture and vehicles | 24 | €254 | €0 | -€254 | -100.0% |
| Financial fixed assets | 28 | €20,288 | €20,288 | = | 0.0% |
| Current assets | 29/58 | €158,786 | €162,673 | +€3,887 | +2.4% |
| Amounts receivable within one year | 40/41 | €42,855 | €36,738 | -€6,116 | -14.3% |
| Trade receivables | 40 | €15,111 | €6,225 | -€8,886 | -58.8% |
| Other amounts receivable | 41 | €27,743 | €30,513 | +€2,770 | +10.0% |
| Cash at bank and in hand | 54/58 | €115,931 | €125,934 | +€10,003 | +8.6% |
| Total equity and liabilities | 10/49 | €180,387 | €183,588 | +€3,201 | +1.8% |
| Equity | 10/15 | €120,610 | €135,278 | +€14,668 | +12.2% |
| Contributions | 10/11 | €1,213 | €1,213 | = | 0.0% |
| Capital | 10 | €1,213 | €1,213 | = | 0.0% |
| Issued capital | 100 | €1,213 | €1,213 | = | 0.0% |
| Reserves | 13 | €119,397 | €134,065 | +€14,668 | +12.3% |
| Non-distributable reserves | 130/1 | €121 | €121 | = | 0.0% |
| Legal reserve | 130 | €121 | €121 | = | 0.0% |
| Distributable reserves | 133 | €119,276 | €133,944 | +€14,668 | +12.3% |
| Amounts payable | 17/49 | €59,777 | €48,310 | -€11,467 | -19.2% |
| Amounts payable within one year | 42/48 | €59,777 | €48,310 | -€11,467 | -19.2% |
| Trade debts | 44 | €3,452 | €3,426 | -€26 | -0.8% |
| Suppliers | 440/4 | €3,452 | €3,426 | -€26 | -0.8% |
| Taxes, remuneration and social security | 45 | €5,667 | €794 | -€4,873 | -86.0% |
| Taxes | 450/3 | €5,667 | €794 | -€4,873 | -86.0% |
| Other amounts payable | 47/48 | €50,659 | €44,091 | -€6,568 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €686 | -€294 | -30.0% |
| Other operating charges | 640/8 | €1,194 | €1,445 | +€251 | +21.0% |
| Gross operating margin | 9900 | €36,057 | €25,463 | -€10,594 | -29.4% |
| Operating profit (loss) | 9901 | €33,883 | €23,332 | -€10,551 | -31.1% |
| Financial income | 75/76B | - | €172 | +€172 | |
| Recurring financial income | 75 | - | €172 | +€172 | |
| Financial charges | 65/66B | €663 | - | -€663 | |
| Recurring financial charges | 65 | €663 | - | -€663 | |
| Profit (loss) for the period before taxes | 9903 | €33,220 | €23,504 | -€9,716 | -29.2% |
| Income taxes | 67/77 | €10,333 | €8,836 | -€1,497 | -14.5% |
| Profit (loss) for the period | 9904 | €22,887 | €14,668 | -€8,219 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,887 | €14,668 | -€8,219 | -35.9% |
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.