G. DEMOLDER: 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.
G. DEMOLDER
Largest movements
- Cash +€39,264
up €39,264 (+360%), from €10,915 to €50,179
mainly Other debts (+€29,181) and Stocks and contracts (+€15,192)
- Stocks and contracts -€15,192
down €15,192 (-6.9%), from €219,428 to €204,236
- Other debts +€29,181
up €29,181 (+27.1%), from €107,597 to €136,778
- Profit (loss) carried forward -€2,587
down €2,587 (-8.0%), from €32,356 to €29,769
- Gross operating margin -€6,208
down €6,208 (-15.0%), from €41,433 to €35,224
- Financial charges -€5,103
down €5,103 (-95.5%), from €5,342 to €238
- Staff costs +€1,760
up €1,760 (+4.8%), from €36,361 to €38,121
- Other operating charges -€565
down €565 (-22.8%), from €2,479 to €1,914
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 | €232,657 | €257,921 | +€25,263 | +10.9% |
| Fixed assets | 21/28 | €931 | €615 | -€316 | -34.0% |
| Tangible fixed assets | 22/27 | €681 | €365 | -€316 | -46.4% |
| Furniture and vehicles | 24 | €681 | €365 | -€316 | -46.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €231,727 | €257,306 | +€25,580 | +11.0% |
| Stocks and contracts in progress | 3 | €219,428 | €204,236 | -€15,192 | -6.9% |
| Stocks | 30/36 | €219,428 | €204,236 | -€15,192 | -6.9% |
| Amounts receivable within one year | 40/41 | €697 | €2,173 | +€1,477 | +212% |
| Other amounts receivable | 41 | €697 | €2,173 | +€1,477 | +212% |
| Cash at bank and in hand | 54/58 | €10,915 | €50,179 | +€39,264 | +360% |
| Deferred charges and accrued income | 490/1 | €687 | €718 | +€31 | +4.5% |
| Total equity and liabilities | 10/49 | €232,657 | €257,921 | +€25,263 | +10.9% |
| Equity | 10/15 | €112,654 | €110,067 | -€2,587 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,698 | €61,698 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,170 | €3,170 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,170 | €3,170 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €48,527 | €48,527 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,356 | €29,769 | -€2,587 | -8.0% |
| Amounts payable | 17/49 | €120,003 | €147,854 | +€27,851 | +23.2% |
| Amounts payable within one year | 42/48 | €120,003 | €147,854 | +€27,851 | +23.2% |
| Trade debts | 44 | €7,367 | €6,390 | -€978 | -13.3% |
| Suppliers | 440/4 | €7,367 | €6,390 | -€978 | -13.3% |
| Taxes, remuneration and social security | 45 | €5,039 | €4,686 | -€352 | -7.0% |
| Taxes | 450/3 | €728 | - | -€728 | |
| Remuneration and social security | 454/9 | €4,311 | €4,686 | +€375 | +8.7% |
| Other amounts payable | 47/48 | €107,597 | €136,778 | +€29,181 | +27.1% |
| Remuneration, social security and pensions | 62 | €36,361 | €38,121 | +€1,760 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316 | €316 | = | 0.0% |
| Other operating charges | 640/8 | €2,479 | €1,914 | -€565 | -22.8% |
| Gross operating margin | 9900 | €41,433 | €35,224 | -€6,208 | -15.0% |
| Operating profit (loss) | 9901 | €2,276 | -€5,127 | -€7,403 | |
| Financial income | 75/76B | €3,451 | €3,147 | -€304 | -8.8% |
| Recurring financial income | 75 | €3,451 | €3,147 | -€304 | -8.8% |
| Financial charges | 65/66B | €5,342 | €238 | -€5,103 | -95.5% |
| Recurring financial charges | 65 | €5,342 | €238 | -€5,103 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €385 | -€2,219 | -€2,604 | |
| Income taxes | 67/77 | €303 | €369 | +€65 | +21.6% |
| Profit (loss) for the period | 9904 | €82 | -€2,587 | -€2,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €82 | -€2,587 | -€2,669 |
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 28 October 2026 via checked.be.