Demptinne Denis: 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.
Demptinne Denis
Largest movements
- Receivables within one year -€24,361
down €24,361 (-35.9%), from €67,835 to €43,473
of which Trade receivables: -€30,706
- Cash -€8,257
down €8,257 (-8.7%), from €94,835 to €86,579
mainly Contributions, distributions and other (-€38,000) and Other debts (-€17,563)
- Tangible fixed assets -€7,972
down €7,972 (-38.6%), from €20,656 to €12,684
of which Furniture and vehicles: -€5,591
- Stocks and contracts -€2,915
down €2,915 (-14.6%), from €19,945 to €17,030
- Other debts -€17,563
down €17,563 (-12.5%), from €140,404 to €122,841
- Accrued charges and deferred income -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward -€11,220
down €11,220 (-29.3%), from €38,248 to €27,028
- Tax, wage and social debts -€4,857
down €4,857 (-70.5%), from €6,888 to €2,031
of which Taxes: -€6,730
- Trade debts +€3,832
up €3,832 (+398%), from €964 to €4,796
- Gross operating margin -€20,667
down €20,667 (-33.2%), from €62,265 to €41,598
- Staff costs -€6,508
down €6,508 (-96.6%), from €6,739 to €231
- Taxes -€5,866
down €5,866 (-46.7%), from €12,560 to €6,695
- Depreciation +€3,048
up €3,048 (+61.9%), from €4,924 to €7,972
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 | €205,305 | €161,496 | -€43,808 | -21.3% |
| Fixed assets | 21/28 | €20,836 | €12,684 | -€8,152 | -39.1% |
| Tangible fixed assets | 22/27 | €20,656 | €12,684 | -€7,972 | -38.6% |
| Plant, machinery and equipment | 23 | €6,776 | €4,395 | -€2,381 | -35.1% |
| Furniture and vehicles | 24 | €13,880 | €8,289 | -€5,591 | -40.3% |
| Financial fixed assets | 28 | €180 | - | -€180 | |
| Current assets | 29/58 | €184,469 | €148,812 | -€35,656 | -19.3% |
| Stocks and contracts in progress | 3 | €19,945 | €17,030 | -€2,915 | -14.6% |
| Stocks | 30/36 | €19,945 | €17,030 | -€2,915 | -14.6% |
| Amounts receivable within one year | 40/41 | €67,835 | €43,473 | -€24,361 | -35.9% |
| Trade receivables | 40 | €67,835 | €37,129 | -€30,706 | -45.3% |
| Other amounts receivable | 41 | - | €6,345 | +€6,345 | |
| Cash at bank and in hand | 54/58 | €94,835 | €86,579 | -€8,257 | -8.7% |
| Deferred charges and accrued income | 490/1 | €1,853 | €1,730 | -€123 | -6.6% |
| Total equity and liabilities | 10/49 | €205,305 | €161,496 | -€43,808 | -21.3% |
| Equity | 10/15 | €43,048 | €31,828 | -€11,220 | -26.1% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,248 | €27,028 | -€11,220 | -29.3% |
| Amounts payable | 17/49 | €162,256 | €129,668 | -€32,588 | -20.1% |
| Amounts payable within one year | 42/48 | €148,256 | €129,668 | -€18,588 | -12.5% |
| Trade debts | 44 | €964 | €4,796 | +€3,832 | +398% |
| Suppliers | 440/4 | €964 | €4,796 | +€3,832 | +398% |
| Taxes, remuneration and social security | 45 | €6,888 | €2,031 | -€4,857 | -70.5% |
| Taxes | 450/3 | €6,888 | €159 | -€6,730 | -97.7% |
| Remuneration and social security | 454/9 | - | €1,873 | +€1,873 | |
| Other amounts payable | 47/48 | €140,404 | €122,841 | -€17,563 | -12.5% |
| Accrued charges and deferred income | 492/3 | €14,000 | - | -€14,000 | |
| Remuneration, social security and pensions | 62 | €6,739 | €231 | -€6,508 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,924 | €7,972 | +€3,048 | +61.9% |
| Other operating charges | 640/8 | €213 | €339 | +€125 | +58.7% |
| Gross operating margin | 9900 | €62,265 | €41,598 | -€20,667 | -33.2% |
| Operating profit (loss) | 9901 | €50,388 | €33,057 | -€17,332 | -34.4% |
| Financial income | 75/76B | €188 | €506 | +€318 | +169% |
| Recurring financial income | 75 | €188 | €506 | +€318 | +169% |
| Financial charges | 65/66B | €64 | €88 | +€24 | +38.4% |
| Recurring financial charges | 65 | €64 | €88 | +€24 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €50,513 | €33,475 | -€17,038 | -33.7% |
| Income taxes | 67/77 | €12,560 | €6,695 | -€5,866 | -46.7% |
| Profit (loss) for the period | 9904 | €37,952 | €26,780 | -€11,172 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,952 | €26,780 | -€11,172 | -29.4% |
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.