Fiscalité DEMAUDE: 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.
Fiscalité DEMAUDE
Largest movements
- Cash +€55,000
up €55,000 (+138%), from €40,000 to €95,000
mainly Net result for the year (+€43,500) and Depreciation (+€11,612)
- Tangible fixed assets -€11,612
down €11,612 (-26.5%), from €43,738 to €32,126
of which Furniture and vehicles: -€8,470
- Receivables within one year -€5,940
down €5,940 (-35.3%), from €16,806 to €10,866
of which Trade receivables: -€6,006
- Profit (loss) carried forward +€41,500
new in 2025: €41,500
- Tax, wage and social debts -€1,786
down €1,786 (-26.0%), from €6,871 to €5,085
of which Taxes: -€1,960
- Gross operating margin +€11,947
up €11,947 (+12.7%), from €94,285 to €106,232
- Taxes +€2,501
up €2,501 (+20.1%), from €12,442 to €14,943
- Staff costs -€2,086
down €2,086 (-6.0%), from €34,828 to €32,742
- Depreciation -€1,107
down €1,107 (-8.7%), from €12,719 to €11,612
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 | €106,279 | €143,939 | +€37,660 | +35.4% |
| Fixed assets | 21/28 | €43,738 | €32,126 | -€11,612 | -26.5% |
| Tangible fixed assets | 22/27 | €43,738 | €32,126 | -€11,612 | -26.5% |
| Furniture and vehicles | 24 | €32,348 | €23,878 | -€8,470 | -26.2% |
| Other tangible fixed assets | 26 | €11,390 | €8,248 | -€3,142 | -27.6% |
| Current assets | 29/58 | €62,541 | €111,813 | +€49,272 | +78.8% |
| Amounts receivable within one year | 40/41 | €16,806 | €10,866 | -€5,940 | -35.3% |
| Trade receivables | 40 | €16,806 | €10,800 | -€6,006 | -35.7% |
| Other amounts receivable | 41 | - | €66 | +€66 | |
| Cash at bank and in hand | 54/58 | €40,000 | €95,000 | +€55,000 | +138% |
| Deferred charges and accrued income | 490/1 | €5,735 | €5,947 | +€212 | +3.7% |
| Total equity and liabilities | 10/49 | €106,279 | €143,939 | +€37,660 | +35.4% |
| Equity | 10/15 | €96,000 | €137,500 | +€41,500 | +43.2% |
| Reserves | 13 | €96,000 | €96,000 | = | 0.0% |
| Distributable reserves | 133 | €96,000 | €96,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €41,500 | +€41,500 | |
| Amounts payable | 17/49 | €10,279 | €6,439 | -€3,840 | -37.4% |
| Amounts payable within one year | 42/48 | €9,873 | €5,950 | -€3,923 | -39.7% |
| Trade debts | 44 | €1,394 | €664 | -€730 | -52.4% |
| Suppliers | 440/4 | €1,394 | €664 | -€730 | -52.4% |
| Taxes, remuneration and social security | 45 | €6,871 | €5,085 | -€1,786 | -26.0% |
| Taxes | 450/3 | €2,953 | €993 | -€1,960 | -66.4% |
| Remuneration and social security | 454/9 | €3,918 | €4,092 | +€174 | +4.4% |
| Other amounts payable | 47/48 | €1,608 | €201 | -€1,407 | -87.5% |
| Accrued charges and deferred income | 492/3 | €406 | €489 | +€83 | +20.4% |
| Remuneration, social security and pensions | 62 | €34,828 | €32,742 | -€2,086 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,719 | €11,612 | -€1,107 | -8.7% |
| Other operating charges | 640/8 | €2,301 | €3,326 | +€1,025 | +44.5% |
| Gross operating margin | 9900 | €94,285 | €106,232 | +€11,947 | +12.7% |
| Operating profit (loss) | 9901 | €44,437 | €58,552 | +€14,115 | +31.8% |
| Financial income | 75/76B | €196 | €359 | +€163 | +83.2% |
| Recurring financial income | 75 | €196 | €359 | +€163 | +83.2% |
| Financial charges | 65/66B | €191 | €468 | +€277 | +145% |
| Recurring financial charges | 65 | €191 | €468 | +€277 | +145% |
| Profit (loss) for the period before taxes | 9903 | €44,442 | €58,443 | +€14,001 | +31.5% |
| Income taxes | 67/77 | €12,442 | €14,943 | +€2,501 | +20.1% |
| Profit (loss) for the period | 9904 | €32,000 | €43,500 | +€11,500 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,000 | €43,500 | +€11,500 | +35.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.