E-DEMONSTRATIONS.BE: 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.
E-DEMONSTRATIONS.BE
Largest movements
- Cash +€1.3m
up €1.3m (+330.8%), from €392,053 to €1.7m
mainly Net result for the year (+€2.1m) and Depreciation (+€2.1m)
- Tangible fixed assets -€636,105
down €636,105 (-10.0%), from €6.4m to €5.7m
of which Leasing and similar rights: -€479,479
- Receivables within one year +€239,563
up €239,563 (+12.1%), from €2.0m to €2.2m
of which Other amounts receivable: +€143,072
- Current investments +€160,000
up €160,000 (+68.7%), from €233,000 to €393,000
- Other debts -€1.9m
down €1.9m (-99.4%), from €1.9m to €11,907
- Profit (loss) carried forward +€1.3m
up €1.3m (+118.7%), from €1.1m to €2.4m
- Reserves +€837,664
up €837,664 (+205.7%), from €407,280 to €1.2m
of which Tax-exempt reserves: +€837,664
- Trade debts +€662,203
up €662,203 (+76.7%), from €862,846 to €1.5m
- Debts after one year -€333,919
down €333,919 (-8.0%), from €4.2m to €3.9m
- Gross operating margin +€2.2m
up €2.2m (+52.7%), from €4.1m to €6.3m
- Taxes +€535,830
up €535,830 (+174.0%), from €307,895 to €843,724
- Depreciation +€286,139
up €286,139 (+15.9%), from €1.8m to €2.1m
- Staff costs +€63,483
up €63,483 (+6.7%), from €947,494 to €1.0m
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 | €9,506,793 | €10,526,253 | +€1.0m | +10.7% |
| Fixed assets | 21/28 | €6,874,974 | €6,190,817 | -€684,158 | -10.0% |
| Intangible fixed assets | 21 | €0 | €7,126 | +€7,126 | |
| Tangible fixed assets | 22/27 | €6,371,682 | €5,735,577 | -€636,105 | -10.0% |
| Land and buildings | 22 | €41,971 | €36,725 | -€5,246 | -12.5% |
| Plant, machinery and equipment | 23 | €1,954,870 | €1,960,484 | +€5,614 | +0.3% |
| Furniture and vehicles | 24 | €256,196 | €255,915 | -€281 | -0.1% |
| Leasing and similar rights | 25 | €2,358,074 | €1,878,595 | -€479,479 | -20.3% |
| Other tangible fixed assets | 26 | €1,760,572 | €1,603,859 | -€156,712 | -8.9% |
| Financial fixed assets | 28 | €503,292 | €448,113 | -€55,179 | -11.0% |
| Current assets | 29/58 | €2,631,819 | €4,335,436 | +€1.7m | +64.7% |
| Stocks and contracts in progress | 3 | - | €34,503 | +€34,503 | |
| Stocks | 30/36 | - | €34,503 | +€34,503 | |
| Amounts receivable within one year | 40/41 | €1,975,357 | €2,214,920 | +€239,563 | +12.1% |
| Trade receivables | 40 | €889,540 | €986,030 | +€96,490 | +10.8% |
| Other amounts receivable | 41 | €1,085,818 | €1,228,890 | +€143,072 | +13.2% |
| Current investments | 50/53 | €233,000 | €393,000 | +€160,000 | +68.7% |
| Cash at bank and in hand | 54/58 | €392,053 | €1,688,907 | +€1.3m | +330.8% |
| Deferred charges and accrued income | 490/1 | €31,409 | €4,107 | -€27,302 | -86.9% |
| Total equity and liabilities | 10/49 | €9,506,793 | €10,526,253 | +€1.0m | +10.7% |
| Equity | 10/15 | €1,555,975 | €3,684,215 | +€2.1m | +136.8% |
| 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 | €407,280 | €1,244,944 | +€837,664 | +205.7% |
| Non-distributable reserves | 130/1 | €120,271 | €120,271 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Other | 1319 | €114,121 | €114,121 | = | 0.0% |
| Tax-exempt reserves | 132 | €287,009 | €1,124,673 | +€837,664 | +291.9% |
| Profit (loss) carried forward | 14 | €1,087,195 | €2,377,772 | +€1.3m | +118.7% |
| Amounts payable | 17/49 | €7,950,819 | €6,842,038 | -€1.1m | -13.9% |
| Amounts payable after more than one year | 17 | €4,197,839 | €3,863,920 | -€333,919 | -8.0% |
| Financial debts | 170/4 | €4,197,839 | €3,863,920 | -€333,919 | -8.0% |
| Amounts payable within one year | 42/48 | €3,749,860 | €2,973,198 | -€776,662 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €783,488 | €1,057,197 | +€273,710 | +34.9% |
| Financial debts | 43 | €0 | €229,339 | +€229,339 | |
| Credit institutions | 430/8 | €0 | €229,339 | +€229,339 | |
| Trade debts | 44 | €862,846 | €1,525,048 | +€662,203 | +76.7% |
| Suppliers | 440/4 | €862,846 | €1,525,048 | +€662,203 | +76.7% |
| Taxes, remuneration and social security | 45 | €169,042 | €149,708 | -€19,335 | -11.4% |
| Taxes | 450/3 | €54,852 | €39,494 | -€15,358 | -28.0% |
| Remuneration and social security | 454/9 | €114,190 | €110,213 | -€3,977 | -3.5% |
| Other amounts payable | 47/48 | €1,934,485 | €11,907 | -€1.9m | -99.4% |
| Accrued charges and deferred income | 492/3 | €3,120 | €4,920 | +€1,800 | +57.7% |
| Non-recurring operating income | 76A | €21,396 | €45,582 | +€24,186 | +113.0% |
| Remuneration, social security and pensions | 62 | €947,494 | €1,010,977 | +€63,483 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,800,129 | €2,086,267 | +€286,139 | +15.9% |
| Other operating charges | 640/8 | €63,683 | €65,002 | +€1,319 | +2.1% |
| Non-recurring operating charges | 66A | - | €1,592 | +€1,592 | |
| Gross operating margin | 9900 | €4,115,257 | €6,282,741 | +€2.2m | +52.7% |
| Operating profit (loss) | 9901 | €1,303,952 | €3,118,903 | +€1.8m | +139.2% |
| Financial income | 75/76B | €18,393 | €34,361 | +€15,968 | +86.8% |
| Recurring financial income | 75 | €18,393 | €34,361 | +€15,968 | +86.8% |
| Financial charges | 65/66B | €163,788 | €181,299 | +€17,512 | +10.7% |
| Recurring financial charges | 65 | €163,788 | €181,299 | +€17,512 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €1,158,558 | €2,971,965 | +€1.8m | +156.5% |
| Income taxes | 67/77 | €307,895 | €843,724 | +€535,830 | +174.0% |
| Profit (loss) for the period | 9904 | €850,663 | €2,128,240 | +€1.3m | +150.2% |
| Transfer to tax-exempt reserves | 689 | €273,650 | €837,664 | +€564,014 | +206.1% |
| Profit (loss) for the period to be appropriated | 9905 | €577,013 | €1,290,577 | +€713,564 | +123.7% |
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 12 October 2026 via checked.be.