Hans Demets: 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.
Hans Demets
Largest movements
- Tangible fixed assets +€10,673
up €10,673 (+23.8%), from €44,780 to €55,453
of which Furniture and vehicles: +€12,788
- Cash +€4,526
up €4,526 (+40.1%), from €11,274 to €15,801
mainly Net result for the year (+€8,866) and Current portion of long-term debt (+€8,357)
- Receivables within one year +€3,653
up €3,653 (+42.3%), from €8,642 to €12,296
of which Other amounts receivable: +€2,476
- Current portion of long-term debt +€8,357
new in 2025: €8,357
- Reserves +€8,007
up €8,007 (+21.3%), from €37,633 to €45,640
of which Distributable reserves: +€10,007
- Other debts +€859
up €859, from €0 to €859
- Accrued charges and deferred income +€850
up €850, from €0 to €850
- Gross operating margin -€10,563
down €10,563 (-40.5%), from €26,068 to €15,505
- Taxes -€1,231
down €1,231 (-60.6%), from €2,032 to €801
- Financial charges +€407
up €407 (+591%), from €69 to €476
- Depreciation -€281
down €281 (-9.9%), from €2,832 to €2,550
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 | €65,528 | €83,599 | +€18,071 | +27.6% |
| Fixed assets | 21/28 | €44,830 | €55,503 | +€10,673 | +23.8% |
| Tangible fixed assets | 22/27 | €44,780 | €55,453 | +€10,673 | +23.8% |
| Land and buildings | 22 | €44,780 | €42,665 | -€2,116 | -4.7% |
| Furniture and vehicles | 24 | €0 | €12,788 | +€12,788 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €20,698 | €28,096 | +€7,398 | +35.7% |
| Amounts receivable within one year | 40/41 | €8,642 | €12,296 | +€3,653 | +42.3% |
| Trade receivables | 40 | €7,620 | €8,798 | +€1,178 | +15.5% |
| Other amounts receivable | 41 | €1,022 | €3,498 | +€2,476 | +242% |
| Cash at bank and in hand | 54/58 | €11,274 | €15,801 | +€4,526 | +40.1% |
| Deferred charges and accrued income | 490/1 | €781 | €0 | -€781 | -100% |
| Total equity and liabilities | 10/49 | €65,528 | €83,599 | +€18,071 | +27.6% |
| Equity | 10/15 | €57,633 | €65,640 | +€8,007 | +13.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €37,633 | €45,640 | +€8,007 | +21.3% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100% |
| Tax-exempt reserves | 132 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €34,883 | €44,890 | +€10,007 | +28.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,895 | €17,959 | +€10,064 | +127% |
| Amounts payable within one year | 42/48 | €7,895 | €17,109 | +€9,214 | +117% |
| Current portion of amounts payable after more than one year | 42 | - | €8,357 | +€8,357 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,305 | €3,393 | +€88 | +2.7% |
| Suppliers | 440/4 | €3,305 | €3,393 | +€88 | +2.7% |
| Taxes, remuneration and social security | 45 | €4,590 | €4,500 | -€90 | -2.0% |
| Taxes | 450/3 | €4,590 | €4,500 | -€90 | -2.0% |
| Other amounts payable | 47/48 | €0 | €859 | +€859 | |
| Accrued charges and deferred income | 492/3 | €0 | €850 | +€850 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,832 | €2,550 | -€281 | -9.9% |
| Other operating charges | 640/8 | €2,803 | €2,860 | +€57 | +2.0% |
| Gross operating margin | 9900 | €26,068 | €15,505 | -€10,563 | -40.5% |
| Operating profit (loss) | 9901 | €20,433 | €10,094 | -€10,339 | -50.6% |
| Financial income | 75/76B | €27 | €48 | +€21 | +77.4% |
| Recurring financial income | 75 | €27 | €48 | +€21 | +77.4% |
| Financial charges | 65/66B | €69 | €476 | +€407 | +591% |
| Recurring financial charges | 65 | €69 | €476 | +€407 | +591% |
| Profit (loss) for the period before taxes | 9903 | €20,391 | €9,667 | -€10,725 | -52.6% |
| Income taxes | 67/77 | €2,032 | €801 | -€1,231 | -60.6% |
| Profit (loss) for the period | 9904 | €18,359 | €8,866 | -€9,493 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,359 | €8,866 | -€9,493 | -51.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.