DEMOTEK: 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.
DEMOTEK
Largest movements
- Receivables within one year +€80,497
up €80,497 (+60.8%), from €132,300 to €212,797
of which Trade receivables: +€85,947
- Cash +€42,162
up €42,162 (+1475.3%), from €2,858 to €45,019
mainly Trade debts (+€111,386) and Net result for the year (+€44,045)
- Tangible fixed assets +€22,482
up €22,482 (+1401.4%), from €1,604 to €24,086
- Financial fixed assets +€4,660
new in 2024: €4,660
- Trade debts +€111,386
up €111,386 (+184.6%), from €60,335 to €171,722
- Profit (loss) carried forward +€44,045
up €44,045 (+270.4%), from €16,287 to €60,332
- Other debts -€8,663
down €8,663 (-98.5%), from €8,792 to €129
- Accrued charges and deferred income +€3,553
new in 2024: €3,553
- Gross operating margin +€100,069
up €100,069 (+193.7%), from €51,664 to €151,733
- Staff costs +€67,171
up €67,171 (+323.1%), from €20,791 to €87,962
- Taxes +€6,666
up €6,666 (+79.0%), from €8,434 to €15,101
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,762 | €286,692 | +€149,929 | +109.6% |
| Fixed assets | 21/28 | €1,604 | €28,746 | +€27,142 | +1691.9% |
| Tangible fixed assets | 22/27 | €1,604 | €24,086 | +€22,482 | +1401.4% |
| Furniture and vehicles | 24 | €1,604 | €24,086 | +€22,482 | +1401.4% |
| Financial fixed assets | 28 | - | €4,660 | +€4,660 | |
| Current assets | 29/58 | €135,158 | €257,945 | +€122,787 | +90.8% |
| Amounts receivable within one year | 40/41 | €132,300 | €212,797 | +€80,497 | +60.8% |
| Trade receivables | 40 | €59,736 | €145,684 | +€85,947 | +143.9% |
| Other amounts receivable | 41 | €72,564 | €67,113 | -€5,451 | -7.5% |
| Cash at bank and in hand | 54/58 | €2,858 | €45,019 | +€42,162 | +1475.3% |
| Deferred charges and accrued income | 490/1 | - | €129 | +€129 | |
| Total equity and liabilities | 10/49 | €136,762 | €286,692 | +€149,929 | +109.6% |
| Equity | 10/15 | €38,137 | €82,182 | +€44,045 | +115.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €20,850 | €20,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Other | 1319 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €20,750 | €20,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,287 | €60,332 | +€44,045 | +270.4% |
| Amounts payable | 17/49 | €98,625 | €204,510 | +€105,885 | +107.4% |
| Amounts payable within one year | 42/48 | €98,625 | €200,957 | +€102,332 | +103.8% |
| Trade debts | 44 | €60,335 | €171,722 | +€111,386 | +184.6% |
| Suppliers | 440/4 | €60,335 | €171,722 | +€111,386 | +184.6% |
| Taxes, remuneration and social security | 45 | €29,498 | €29,106 | -€392 | -1.3% |
| Taxes | 450/3 | €12,815 | €19,595 | +€6,780 | +52.9% |
| Remuneration and social security | 454/9 | €16,683 | €9,511 | -€7,172 | -43.0% |
| Other amounts payable | 47/48 | €8,792 | €129 | -€8,663 | -98.5% |
| Accrued charges and deferred income | 492/3 | - | €3,553 | +€3,553 | |
| Remuneration, social security and pensions | 62 | €20,791 | €87,962 | +€67,171 | +323.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €556 | €1,362 | +€806 | +144.8% |
| Other operating charges | 640/8 | - | €1,432 | +€1,432 | |
| Gross operating margin | 9900 | €51,664 | €151,733 | +€100,069 | +193.7% |
| Operating profit (loss) | 9901 | €30,317 | €60,978 | +€30,661 | +101.1% |
| Financial income | 75/76B | €121 | €1 | -€120 | -99.5% |
| Recurring financial income | 75 | €121 | €1 | -€120 | -99.5% |
| Financial charges | 65/66B | €1,242 | €1,833 | +€591 | +47.6% |
| Recurring financial charges | 65 | €1,242 | €1,833 | +€591 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €29,195 | €59,145 | +€29,950 | +102.6% |
| Income taxes | 67/77 | €8,434 | €15,101 | +€6,666 | +79.0% |
| Profit (loss) for the period | 9904 | €20,761 | €44,045 | +€23,284 | +112.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,761 | €44,045 | +€23,284 | +112.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.