Dêmultex: 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.
Dêmultex
Largest movements
- Cash -€20,530
down €20,530 (-75.3%), from €27,282 to €6,752
mainly Net result for the year (-€15,801) and Receivables within one year (-€6,919)
- Receivables within one year +€6,919
up €6,919 (+274%), from €2,526 to €9,445
- Stocks and contracts -€2,918
down €2,918 (-13.3%), from €21,863 to €18,945
- Reserves -€15,000
down €15,000 (-52.3%), from €28,693 to €13,693
of which Distributable reserves: -€15,000
- Profit (loss) carried forward -€801
down €801 (-35.6%), from €2,250 to €1,449
- Trade debts -€728
no longer reported in 2025 (was €728)
- Gross operating margin +€3,031
up €3,031 (+16.7%), from -€18,169 to -€15,138
- Depreciation -€1,490
no longer reported in 2025 (was €1,490)
- Other operating charges +€388
new in 2025: €388
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 | €51,671 | €35,142 | -€16,529 | -32.0% |
| Current assets | 29/58 | €51,671 | €35,142 | -€16,529 | -32.0% |
| Stocks and contracts in progress | 3 | €21,863 | €18,945 | -€2,918 | -13.3% |
| Stocks | 30/36 | €21,863 | €18,945 | -€2,918 | -13.3% |
| Amounts receivable within one year | 40/41 | €2,526 | €9,445 | +€6,919 | +274% |
| Other amounts receivable | 41 | €2,526 | €9,445 | +€6,919 | +274% |
| Cash at bank and in hand | 54/58 | €27,282 | €6,752 | -€20,530 | -75.3% |
| Total equity and liabilities | 10/49 | €51,671 | €35,142 | -€16,529 | -32.0% |
| Equity | 10/15 | €50,943 | €35,142 | -€15,801 | -31.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €28,693 | €13,693 | -€15,000 | -52.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,693 | €6,693 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €5,000 | -€15,000 | -75.0% |
| Profit (loss) carried forward | 14 | €2,250 | €1,449 | -€801 | -35.6% |
| Amounts payable | 17/49 | €728 | - | -€728 | |
| Amounts payable within one year | 42/48 | €728 | - | -€728 | |
| Trade debts | 44 | €728 | - | -€728 | |
| Suppliers | 440/4 | €728 | - | -€728 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,490 | - | -€1,490 | |
| Other operating charges | 640/8 | - | €388 | +€388 | |
| Gross operating margin | 9900 | -€18,169 | -€15,138 | +€3,031 | +16.7% |
| Operating profit (loss) | 9901 | -€19,659 | -€15,526 | +€4,133 | +21.0% |
| Financial charges | 65/66B | €309 | €275 | -€34 | -11.0% |
| Recurring financial charges | 65 | €309 | €275 | -€34 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,968 | -€15,801 | +€4,167 | +20.9% |
| Profit (loss) for the period | 9904 | -€19,968 | -€15,801 | +€4,167 | +20.9% |
| Transfer from tax-exempt reserves | 789 | - | €15,000 | +€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,968 | -€801 | +€19,167 | +96.0% |
Source: filed annual accounts (NBB), financial years ended 31 January 2024 and 31 January 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.