DEMYCON: 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.
DEMYCON
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+1,965%), from €71,341 to €1.5m
of which Other amounts receivable: +€1.3m
- Tangible fixed assets -€69,474
down €69,474 (-2.6%), from €2.7m to €2.6m
of which Land and buildings: -€44,853
- Debts after one year +€752,775
up €752,775 (+39.3%), from €1.9m to €2.7m
of which Financial debts: +€1.2m
- Reserves +€307,814
up €307,814 (+53.6%), from €574,548 to €882,363
of which Distributable reserves: +€307,814
- Current portion of long-term debt +€237,308
up €237,308 (+164%), from €144,765 to €382,073
- Financial charges +€82,013
up €82,013 (+176%), from €46,611 to €128,624
- Financial income +€58,798
up €58,798 (+2,551%), from €2,305 to €61,103
- Depreciation -€58,143
down €58,143 (-36.0%), from €161,529 to €103,386
- Gross operating margin +€45,806
up €45,806 (+7.5%), from €611,059 to €656,865
- Taxes +€26,091
up €26,091 (+22.8%), from €114,348 to €140,439
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 | €2,805,680 | €4,129,913 | +€1.3m | +47.2% |
| Fixed assets | 21/28 | €2,672,784 | €2,605,179 | -€67,604 | -2.5% |
| Tangible fixed assets | 22/27 | €2,672,784 | €2,603,310 | -€69,474 | -2.6% |
| Land and buildings | 22 | €2,595,144 | €2,550,291 | -€44,853 | -1.7% |
| Plant, machinery and equipment | 23 | €7,581 | €4,591 | -€2,990 | -39.4% |
| Furniture and vehicles | 24 | €70,058 | €48,427 | -€21,631 | -30.9% |
| Financial fixed assets | 28 | - | €1,869 | +€1,869 | |
| Current assets | 29/58 | €132,896 | €1,524,734 | +€1.4m | +1,047% |
| Amounts receivable within one year | 40/41 | €71,341 | €1,472,881 | +€1.4m | +1,965% |
| Trade receivables | 40 | €40,000 | €107,177 | +€67,177 | +168% |
| Other amounts receivable | 41 | €31,341 | €1,365,703 | +€1.3m | +4,258% |
| Cash at bank and in hand | 54/58 | €56,999 | €43,166 | -€13,833 | -24.3% |
| Deferred charges and accrued income | 490/1 | €4,556 | €8,687 | +€4,132 | +90.7% |
| Total equity and liabilities | 10/49 | €2,805,680 | €4,129,913 | +€1.3m | +47.2% |
| Equity | 10/15 | €636,048 | €943,863 | +€307,814 | +48.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €574,548 | €882,363 | +€307,814 | +53.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €568,398 | €876,213 | +€307,814 | +54.2% |
| Amounts payable | 17/49 | €2,169,632 | €3,186,051 | +€1.0m | +46.8% |
| Amounts payable after more than one year | 17 | €1,913,324 | €2,666,099 | +€752,775 | +39.3% |
| Financial debts | 170/4 | €684,760 | €1,838,957 | +€1.2m | +169% |
| Other amounts payable | 178/9 | €1,228,564 | €827,142 | -€401,421 | -32.7% |
| Amounts payable within one year | 42/48 | €255,708 | €515,452 | +€259,744 | +102% |
| Current portion of amounts payable after more than one year | 42 | €144,765 | €382,073 | +€237,308 | +164% |
| Financial debts | 43 | €25,000 | €25,151 | +€151 | +0.6% |
| Credit institutions | 430/8 | - | €25,151 | +€25,151 | |
| Other loans | 439 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €8,799 | €8,315 | -€483 | -5.5% |
| Suppliers | 440/4 | €8,799 | €8,315 | -€483 | -5.5% |
| Taxes, remuneration and social security | 45 | €62,599 | €83,872 | +€21,274 | +34.0% |
| Taxes | 450/3 | €62,599 | €83,872 | +€21,274 | +34.0% |
| Other amounts payable | 47/48 | €14,546 | €16,040 | +€1,494 | +10.3% |
| Accrued charges and deferred income | 492/3 | €600 | €4,500 | +€3,900 | +650% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €161,529 | €103,386 | -€58,143 | -36.0% |
| Other operating charges | 640/8 | €38,021 | €37,705 | -€316 | -0.8% |
| Gross operating margin | 9900 | €611,059 | €656,865 | +€45,806 | +7.5% |
| Operating profit (loss) | 9901 | €411,509 | €515,774 | +€104,265 | +25.3% |
| Financial income | 75/76B | €2,305 | €61,103 | +€58,798 | +2,551% |
| Recurring financial income | 75 | €2,305 | €61,103 | +€58,798 | +2,551% |
| Financial charges | 65/66B | €46,611 | €128,624 | +€82,013 | +176% |
| Recurring financial charges | 65 | €46,611 | €128,624 | +€82,013 | +176% |
| Profit (loss) for the period before taxes | 9903 | €367,204 | €448,254 | +€81,050 | +22.1% |
| Income taxes | 67/77 | €114,348 | €140,439 | +€26,091 | +22.8% |
| Profit (loss) for the period | 9904 | €252,855 | €307,814 | +€54,959 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,855 | €307,814 | +€54,959 | +21.7% |
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 17 October 2026 via checked.be.