DEMURA: 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.
DEMURA
Largest movements
- Cash +€182,626
up €182,626 (+747.2%), from €24,440 to €207,066
mainly Net result for the year (+€139,594) and Tax, wage and social debts (+€26,642)
- Receivables within one year -€17,255
down €17,255 (-89.1%), from €19,360 to €2,105
of which Trade receivables: -€19,360
- Reserves +€139,594
up €139,594 (+601.8%), from €23,197 to €162,792
- Tax, wage and social debts +€26,642
up €26,642 (+179.3%), from €14,856 to €41,498
- Gross operating margin +€152,191
up €152,191 (+516.9%), from €29,444 to €181,635
- Taxes +€34,923
up €34,923 (+587.4%), from €5,945 to €40,868
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 | €44,862 | €212,987 | +€168,124 | +374.8% |
| Fixed assets | 21/28 | €1,009 | €2,023 | +€1,014 | +100.5% |
| Tangible fixed assets | 22/27 | €1,009 | €2,023 | +€1,014 | +100.5% |
| Furniture and vehicles | 24 | €1,009 | €2,023 | +€1,014 | +100.5% |
| Current assets | 29/58 | €43,853 | €210,963 | +€167,110 | +381.1% |
| Amounts receivable within one year | 40/41 | €19,360 | €2,105 | -€17,255 | -89.1% |
| Trade receivables | 40 | €19,360 | €0 | -€19,360 | -100.0% |
| Other amounts receivable | 41 | - | €2,105 | +€2,105 | |
| Cash at bank and in hand | 54/58 | €24,440 | €207,066 | +€182,626 | +747.2% |
| Deferred charges and accrued income | 490/1 | €53 | €1,792 | +€1,739 | +3294.8% |
| Total equity and liabilities | 10/49 | €44,862 | €212,987 | +€168,124 | +374.8% |
| Equity | 10/15 | €28,197 | €167,792 | +€139,594 | +495.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,197 | €162,792 | +€139,594 | +601.8% |
| Distributable reserves | 133 | €23,197 | €162,792 | +€139,594 | +601.8% |
| Amounts payable | 17/49 | €16,665 | €45,195 | +€28,530 | +171.2% |
| Amounts payable within one year | 42/48 | €16,665 | €45,195 | +€28,530 | +171.2% |
| Trade debts | 44 | €1,702 | €1,663 | -€39 | -2.3% |
| Suppliers | 440/4 | €1,702 | €1,663 | -€39 | -2.3% |
| Taxes, remuneration and social security | 45 | €14,856 | €41,498 | +€26,642 | +179.3% |
| Taxes | 450/3 | €14,856 | €41,498 | +€26,642 | +179.3% |
| Other amounts payable | 47/48 | €108 | €2,035 | +€1,927 | +1790.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53 | €349 | +€296 | +561.0% |
| Other operating charges | 640/8 | €50 | €278 | +€228 | +455.7% |
| Gross operating margin | 9900 | €29,444 | €181,635 | +€152,191 | +516.9% |
| Operating profit (loss) | 9901 | €29,342 | €181,009 | +€151,667 | +516.9% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €199 | €553 | +€354 | +177.8% |
| Recurring financial charges | 65 | €199 | €553 | +€354 | +177.8% |
| Profit (loss) for the period before taxes | 9903 | €29,143 | €180,463 | +€151,320 | +519.2% |
| Income taxes | 67/77 | €5,945 | €40,868 | +€34,923 | +587.4% |
| Profit (loss) for the period | 9904 | €23,197 | €139,594 | +€116,397 | +501.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,197 | €139,594 | +€116,397 | +501.8% |
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 9 October 2026 via checked.be.