Demula: 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.
What changed
Demula
NACE 46.851, Wholesale of industrial chemicals
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.2m-€29,154
Equity
€1.3m
2024 · €2.1m-€785,927
Cash
€831,620
2024 · €557,289+€274,331
Balance sheet total
€5.7m
2024 · €5.9m-€240,472
Largest movements
Assets
- Receivables within one year -€411,188
down €411,188 (-13.8%), from €3.0m to €2.6m
of which Trade receivables: -€391,131
- Cash +€274,331
up €274,331 (+49.2%), from €557,289 to €831,620
mainly Net result for the year (+€1.2m) and Short-term financial debts (+€510,000)
- Stocks and contracts -€135,138
down €135,138 (-20.7%), from €654,184 to €519,046
Equity and liabilities
- Profit (loss) carried forward -€785,927
down €785,927 (-39.1%), from €2.0m to €1.2m
- Short-term financial debts +€510,000
up €510,000 (+212.5%), from €240,000 to €750,000
- Other debts +€300,000
up €300,000 (+27.3%), from €1.1m to €1.4m
- Tax, wage and social debts -€291,056
down €291,056 (-46.0%), from €632,132 to €341,076
of which Remuneration and social security: -€179,821
Income statement
- Turnover -€602,609
down €602,609 (-3.2%), from €18.6m to €17.9m
- Goods and materials -€469,374
down €469,374 (-3.6%), from €13.0m to €12.5m
of which Purchases: -€583,300
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.
Result 2024
€1.2m
Turnover
-€602,609
Other operating income
+€41,125
Goods and materials
+€469,374
Services and other goods
-€22,873
Staff costs
+€49,637
Depreciation
-€1,471
Write-downs
-€6,974
Other operating charges
-€366
Financial income
+€1,287
Financial charges
+€31,103
Taxes
+€12,612
Result 2025
€1.2m
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.
From operations
+€1.9m
Investment
-€111,986
Financing
-€1.5m
Cash 2024
€557,289
From operations (derived)
+€1.9m
Net result for the year
+€1.2m
Depreciation
+€113,557
Stocks and contracts
+€135,138
Receivables within one year
+€411,188
Deferred charges and accrued income
-€33,093
Trade debts
+€2,030
Tax, wage and social debts
-€291,056
Other debts
+€300,000
Investment (derived)
-€111,986
Investment in fixed assets (net)
-€111,986
Financing
-€1.5m
Debts after one year
+€24,480
Short-term financial debts
+€510,000
Contributions, distributions and other
-€2.0m
Cash 2025
€831,620
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,907,602 | €5,667,130 | -€240,472 | -4.1% |
| Fixed assets | 21/28 | €1,689,737 | €1,688,167 | -€1,571 | -0.1% |
| Tangible fixed assets | 22/27 | €1,689,378 | €1,687,807 | -€1,571 | -0.1% |
| Land and buildings | 22 | €1,445,684 | €1,397,556 | -€48,128 | -3.3% |
| Plant, machinery and equipment | 23 | €205,442 | €205,305 | -€138 | -0.1% |
| Furniture and vehicles | 24 | €38,251 | €84,946 | +€46,695 | +122.1% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Other financial fixed assets | 284/8 | €359 | €359 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €4,217,865 | €3,978,963 | -€238,902 | -5.7% |
| Stocks and contracts in progress | 3 | €654,184 | €519,046 | -€135,138 | -20.7% |
| Stocks | 30/36 | €654,184 | €519,046 | -€135,138 | -20.7% |
| Goods purchased for resale | 34 | €654,184 | €519,046 | -€135,138 | -20.7% |
| Amounts receivable within one year | 40/41 | €2,980,927 | €2,569,740 | -€411,188 | -13.8% |
| Trade receivables | 40 | €2,960,871 | €2,569,740 | -€391,131 | -13.2% |
| Other amounts receivable | 41 | €20,056 | - | -€20,056 | |
| Cash at bank and in hand | 54/58 | €557,289 | €831,620 | +€274,331 | +49.2% |
| Deferred charges and accrued income | 490/1 | €25,464 | €58,557 | +€33,093 | +130.0% |
| Total equity and liabilities | 10/49 | €5,907,602 | €5,667,130 | -€240,472 | -4.1% |
| Equity | 10/15 | €2,132,514 | €1,346,587 | -€785,927 | -36.9% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,000 | €43,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,012,514 | €1,226,587 | -€785,927 | -39.1% |
| Amounts payable | 17/49 | €3,775,088 | €4,320,543 | +€545,454 | +14.4% |
| Amounts payable after more than one year | 17 | €382,625 | €407,105 | +€24,480 | +6.4% |
| Other amounts payable | 178/9 | €382,625 | €407,105 | +€24,480 | +6.4% |
| Amounts payable within one year | 42/48 | €3,392,463 | €3,913,438 | +€520,974 | +15.4% |
| Financial debts | 43 | €240,000 | €750,000 | +€510,000 | +212.5% |
| Credit institutions | 430/8 | €240,000 | €750,000 | +€510,000 | +212.5% |
| Trade debts | 44 | €1,420,332 | €1,422,362 | +€2,030 | +0.1% |
| Suppliers | 440/4 | €1,420,332 | €1,422,362 | +€2,030 | +0.1% |
| Taxes, remuneration and social security | 45 | €632,132 | €341,076 | -€291,056 | -46.0% |
| Taxes | 450/3 | €279,174 | €167,939 | -€111,235 | -39.8% |
| Remuneration and social security | 454/9 | €352,957 | €173,137 | -€179,821 | -50.9% |
| Other amounts payable | 47/48 | €1,100,000 | €1,400,000 | +€300,000 | +27.3% |
| Operating income | 70/76A | €18,723,887 | €18,162,404 | -€561,483 | -3.0% |
| Turnover | 70 | €18,550,739 | €17,948,130 | -€602,609 | -3.2% |
| Other operating income | 74 | €173,148 | €214,273 | +€41,125 | +23.8% |
| Operating charges | 60/66A | €16,900,728 | €16,413,401 | -€487,327 | -2.9% |
| Goods for resale, raw materials and consumables | 60 | €12,995,764 | €12,526,390 | -€469,374 | -3.6% |
| Purchases | 600/8 | €12,974,552 | €12,391,252 | -€583,300 | -4.5% |
| Change in stocks: decrease (increase) | 609 | €21,212 | €135,138 | +€113,926 | +537.1% |
| Services and other goods | 61 | €1,756,355 | €1,779,228 | +€22,873 | +1.3% |
| Remuneration, social security and pensions | 62 | €2,002,264 | €1,952,628 | -€49,637 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,086 | €113,557 | +€1,471 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,974 | +€6,974 | |
| Other operating charges | 640/8 | €34,259 | €34,625 | +€366 | +1.1% |
| Operating profit (loss) | 9901 | €1,823,159 | €1,749,003 | -€74,156 | -4.1% |
| Financial income | 75/76B | €9,557 | €10,844 | +€1,287 | +13.5% |
| Recurring financial income | 75 | €9,557 | €10,844 | +€1,287 | +13.5% |
| Other financial income | 752/9 | €9,557 | €10,844 | +€1,287 | +13.5% |
| Financial charges | 65/66B | €149,545 | €118,442 | -€31,103 | -20.8% |
| Recurring financial charges | 65 | €149,545 | €118,442 | -€31,103 | -20.8% |
| Debt charges | 650 | €58,714 | €29,139 | -€29,575 | -50.4% |
| Other financial charges | 652/9 | €90,831 | €89,303 | -€1,528 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €1,683,171 | €1,641,405 | -€41,766 | -2.5% |
| Income taxes | 67/77 | €439,944 | €427,331 | -€12,612 | -2.9% |
| Taxes | 670/3 | €439,944 | €427,331 | -€12,612 | -2.9% |
| Profit (loss) for the period | 9904 | €1,243,227 | €1,214,073 | -€29,154 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,243,227 | €1,214,073 | -€29,154 | -2.3% |
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 3 October 2026 via checked.be.