DEMSOBAT: what changed
Two fiscal 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.
DEMSOBAT
Largest movements
- Cash +€22,231
up €22,231 (+32.5%), from €68,324 to €90,555
mainly Net result for the year (+€47,562) and Tax, wage and social debts (+€17,077)
- Tangible fixed assets -€13,046
down €13,046 (-33.7%), from €38,720 to €25,674
of which Plant, machinery and equipment: -€10,017
- Receivables within one year +€12,061
up €12,061 (+14.8%), from €81,620 to €93,681
- Stocks and contracts +€3,206
up €3,206 (+10.9%), from €29,481 to €32,687
- Profit (loss) carried forward +€47,562
up €47,562 (+48.5%), from €98,012 to €145,575
- Trade debts -€28,990
down €28,990 (-42.5%), from €68,250 to €39,260
of which Suppliers: -€35,080
- Tax, wage and social debts +€17,077
up €17,077 (+30.5%), from €56,062 to €73,138
of which Taxes: +€17,077
- Current portion of long-term debt -€11,000
no longer reported in 2025 (was €11,000)
- Purchases and services +€104,126
up €104,126 (+12.5%), from €831,097 to €935,223
- Gross operating margin -€63,010
down €63,010 (-27.5%), from €229,426 to €166,416
- Turnover +€41,116
up €41,116 (+3.9%), from €1.1m to €1.1m
- Staff costs -€29,545
down €29,545 (-24.5%), from €120,641 to €91,096
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.
Cash bridge derived
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 | €236,145 | €260,598 | +€24,453 | +10.4% |
| Fixed assets | 21/28 | €56,720 | €43,674 | -€13,046 | -23.0% |
| Tangible fixed assets | 22/27 | €38,720 | €25,674 | -€13,046 | -33.7% |
| Plant, machinery and equipment | 23 | €33,962 | €23,945 | -€10,017 | -29.5% |
| Furniture and vehicles | 24 | €4,757 | €1,729 | -€3,029 | -63.7% |
| Financial fixed assets | 28 | €18,000 | €18,000 | = | 0.0% |
| Current assets | 29/58 | €179,425 | €216,924 | +€37,498 | +20.9% |
| Stocks and contracts in progress | 3 | €29,481 | €32,687 | +€3,206 | +10.9% |
| Stocks | 30/36 | €29,481 | €32,687 | +€3,206 | +10.9% |
| Amounts receivable within one year | 40/41 | €81,620 | €93,681 | +€12,061 | +14.8% |
| Trade receivables | 40 | €81,620 | €93,681 | +€12,061 | +14.8% |
| Cash at bank and in hand | 54/58 | €68,324 | €90,555 | +€22,231 | +32.5% |
| Total equity and liabilities | 10/49 | €236,145 | €260,598 | +€24,453 | +10.4% |
| Equity | 10/15 | €99,662 | €147,225 | +€47,562 | +47.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Other | 1319 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,012 | €145,575 | +€47,562 | +48.5% |
| Amounts payable | 17/49 | €136,483 | €113,373 | -€23,110 | -16.9% |
| Amounts payable within one year | 42/48 | €135,312 | €112,399 | -€22,913 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | - | -€11,000 | |
| Trade debts | 44 | €68,250 | €39,260 | -€28,990 | -42.5% |
| Suppliers | 440/4 | €68,250 | €33,170 | -€35,080 | -51.4% |
| Bills of exchange payable | 441 | - | €6,090 | +€6,090 | |
| Taxes, remuneration and social security | 45 | €56,062 | €73,138 | +€17,077 | +30.5% |
| Taxes | 450/3 | €51,212 | €68,289 | +€17,077 | +33.3% |
| Remuneration and social security | 454/9 | €4,850 | €4,849 | -€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,171 | €974 | -€197 | -16.8% |
| Turnover | 70 | €1,060,523 | €1,101,639 | +€41,116 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €831,097 | €935,223 | +€104,126 | +12.5% |
| Remuneration, social security and pensions | 62 | €120,641 | €91,096 | -€29,545 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,553 | €13,046 | +€1,493 | +12.9% |
| Other operating charges | 640/8 | €2,187 | €2,112 | -€76 | -3.5% |
| Gross operating margin | 9900 | €229,426 | €166,416 | -€63,010 | -27.5% |
| Operating profit (loss) | 9901 | €95,045 | €60,163 | -€34,883 | -36.7% |
| Financial income | 75/76B | €4,422 | €4,169 | -€253 | -5.7% |
| Recurring financial income | 75 | €547 | €1,598 | +€1,050 | +191.9% |
| Non-recurring financial income | 76B | €3,875 | €2,571 | -€1,304 | -33.6% |
| Financial charges | 65/66B | €457 | €915 | +€458 | +100.1% |
| Recurring financial charges | 65 | €457 | €915 | +€458 | +100.1% |
| Profit (loss) for the period before taxes | 9903 | €99,010 | €63,417 | -€35,593 | -35.9% |
| Income taxes | 67/77 | €24,752 | €15,854 | -€8,898 | -35.9% |
| Profit (loss) for the period | 9904 | €74,257 | €47,562 | -€26,695 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €74,257 | €47,562 | -€26,695 | -35.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.