DEMU TRADE: 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.
DEMU TRADE
Largest movements
- Current investments +€31,000
up €31,000 (+44.9%), from €69,000 to €100,000
- Cash +€23,887
up €23,887 (+39.1%), from €61,025 to €84,913
mainly Net result for the year (+€86,042) and Other debts (+€25,478)
- Reserves +€35,664
up €35,664 (+15.2%), from €234,762 to €270,426
- Other debts +€25,478
up €25,478 (+85.4%), from €29,840 to €55,318
- Financial income +€1,945
up €1,945 (+413%), from €471 to €2,416
- Gross operating margin -€1,354
down €1,354 (-1.0%), from €133,905 to €132,551
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 | €295,258 | €351,607 | +€56,349 | +19.1% |
| Fixed assets | 21/28 | €152,148 | €152,148 | = | 0.0% |
| Tangible fixed assets | 22/27 | €152,148 | €152,148 | = | 0.0% |
| Land and buildings | 22 | €152,148 | €152,148 | = | 0.0% |
| Current assets | 29/58 | €143,109 | €199,458 | +€56,349 | +39.4% |
| Amounts receivable within one year | 40/41 | €12,686 | €14,236 | +€1,550 | +12.2% |
| Trade receivables | 40 | €12,686 | €12,186 | -€500 | -3.9% |
| Other amounts receivable | 41 | €0 | €2,050 | +€2,050 | |
| Current investments | 50/53 | €69,000 | €100,000 | +€31,000 | +44.9% |
| Cash at bank and in hand | 54/58 | €61,025 | €84,913 | +€23,887 | +39.1% |
| Deferred charges and accrued income | 490/1 | €398 | €310 | -€88 | -22.1% |
| Total equity and liabilities | 10/49 | €295,258 | €351,607 | +€56,349 | +19.1% |
| Equity | 10/15 | €240,064 | €275,728 | +€35,664 | +14.9% |
| Contributions | 10/11 | €5,301 | €5,301 | = | 0.0% |
| Reserves | 13 | €234,762 | €270,426 | +€35,664 | +15.2% |
| Distributable reserves | 133 | €234,762 | €270,426 | +€35,664 | +15.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,194 | €75,879 | +€20,685 | +37.5% |
| Amounts payable within one year | 42/48 | €47,167 | €69,642 | +€22,475 | +47.7% |
| Trade debts | 44 | €13,196 | €12,045 | -€1,151 | -8.7% |
| Suppliers | 440/4 | €13,196 | €12,045 | -€1,151 | -8.7% |
| Taxes, remuneration and social security | 45 | €4,131 | €2,279 | -€1,853 | -44.8% |
| Taxes | 450/3 | €4,131 | €2,279 | -€1,853 | -44.8% |
| Other amounts payable | 47/48 | €29,840 | €55,318 | +€25,478 | +85.4% |
| Accrued charges and deferred income | 492/3 | €8,028 | €6,237 | -€1,790 | -22.3% |
| Other operating charges | 640/8 | €6,098 | €6,336 | +€238 | +3.9% |
| Gross operating margin | 9900 | €133,905 | €132,551 | -€1,354 | -1.0% |
| Operating profit (loss) | 9901 | €127,807 | €126,215 | -€1,592 | -1.2% |
| Financial income | 75/76B | €471 | €2,416 | +€1,945 | +413% |
| Recurring financial income | 75 | €471 | €2,416 | +€1,945 | +413% |
| Financial charges | 65/66B | €1,315 | €888 | -€427 | -32.5% |
| Recurring financial charges | 65 | €1,315 | €888 | -€427 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €126,963 | €127,744 | +€781 | +0.6% |
| Income taxes | 67/77 | €40,754 | €41,702 | +€948 | +2.3% |
| Profit (loss) for the period | 9904 | €86,209 | €86,042 | -€167 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €86,209 | €86,042 | -€167 | -0.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.