DEMANET: 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.
DEMANET
Largest movements
- Tangible fixed assets -€16,457
down €16,457 (-9.5%), from €172,520 to €156,063
- Cash -€6,484
down €6,484 (-69.5%), from €9,330 to €2,846
mainly Trade debts (-€20,590) and Investment in fixed assets (net) (-€18,793)
- Intangible fixed assets -€3,166
down €3,166 (-37.5%), from €8,445 to €5,278
- Trade debts -€20,590
down €20,590 (-88.5%), from €23,263 to €2,673
- Tax, wage and social debts +€11,427
up €11,427 (+105%), from €10,834 to €22,261
of which Remuneration and social security: +€7,520
- Debts after one year -€10,101
down €10,101 (-27.0%), from €37,413 to €27,312
of which Financial debts: -€10,101
- Profit (loss) carried forward -€9,224
down €9,224 (-9.6%), from €96,122 to €86,898
- Accrued charges and deferred income +€2,673
new in 2025: €2,673
- Staff costs +€15,612
up €15,612 (+21.4%), from €73,113 to €88,725
- Gross operating margin +€9,969
up €9,969 (+8.8%), from €113,096 to €123,065
- Taxes -€2,348
new in 2025: -€2,348
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 | €204,588 | €179,044 | -€25,544 | -12.5% |
| Fixed assets | 21/28 | €181,062 | €161,438 | -€19,623 | -10.8% |
| Intangible fixed assets | 21 | €8,445 | €5,278 | -€3,166 | -37.5% |
| Tangible fixed assets | 22/27 | €172,520 | €156,063 | -€16,457 | -9.5% |
| Land and buildings | 22 | €42,316 | €35,248 | -€7,069 | -16.7% |
| Furniture and vehicles | 24 | €31,664 | €24,369 | -€7,295 | -23.0% |
| Other tangible fixed assets | 26 | €98,539 | €96,446 | -€2,093 | -2.1% |
| Financial fixed assets | 28 | €97 | €97 | = | 0.0% |
| Current assets | 29/58 | €23,526 | €17,605 | -€5,921 | -25.2% |
| Amounts receivable within one year | 40/41 | €11,579 | €11,729 | +€150 | +1.3% |
| Trade receivables | 40 | €11,579 | €11,729 | +€150 | +1.3% |
| Cash at bank and in hand | 54/58 | €9,330 | €2,846 | -€6,484 | -69.5% |
| Deferred charges and accrued income | 490/1 | €2,617 | €3,030 | +€413 | +15.8% |
| Total equity and liabilities | 10/49 | €204,588 | €179,044 | -€25,544 | -12.5% |
| Equity | 10/15 | €119,146 | €109,922 | -€9,224 | -7.7% |
| Contributions | 10/11 | €23,024 | €23,024 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,122 | €86,898 | -€9,224 | -9.6% |
| Provisions and deferred taxes | 16 | €807 | €807 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €807 | €807 | = | 0.0% |
| Pensions and similar obligations | 160 | €807 | €807 | = | 0.0% |
| Amounts payable | 17/49 | €84,635 | €68,315 | -€16,320 | -19.3% |
| Amounts payable after more than one year | 17 | €37,413 | €27,312 | -€10,101 | -27.0% |
| Financial debts | 170/4 | €25,529 | €15,428 | -€10,101 | -39.6% |
| Other amounts payable | 178/9 | €11,884 | €11,884 | = | 0.0% |
| Amounts payable within one year | 42/48 | €47,222 | €38,330 | -€8,892 | -18.8% |
| Current portion of amounts payable after more than one year | 42 | €9,686 | €10,101 | +€415 | +4.3% |
| Trade debts | 44 | €23,263 | €2,673 | -€20,590 | -88.5% |
| Suppliers | 440/4 | €23,263 | €2,673 | -€20,590 | -88.5% |
| Taxes, remuneration and social security | 45 | €10,834 | €22,261 | +€11,427 | +105% |
| Taxes | 450/3 | - | €3,907 | +€3,907 | |
| Remuneration and social security | 454/9 | €10,834 | €18,354 | +€7,520 | +69.4% |
| Other amounts payable | 47/48 | €3,439 | €3,295 | -€144 | -4.2% |
| Accrued charges and deferred income | 492/3 | - | €2,673 | +€2,673 | |
| Remuneration, social security and pensions | 62 | €73,113 | €88,725 | +€15,612 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,330 | €38,417 | +€87 | +0.2% |
| Other operating charges | 640/8 | €5,273 | €5,442 | +€170 | +3.2% |
| Gross operating margin | 9900 | €113,096 | €123,065 | +€9,969 | +8.8% |
| Operating profit (loss) | 9901 | -€3,620 | -€9,519 | -€5,900 | -163% |
| Financial income | 75/76B | €0 | €603 | +€603 | +6,030,900% |
| Recurring financial income | 75 | €0 | €603 | +€603 | +6,030,900% |
| Financial charges | 65/66B | €2,732 | €2,671 | -€60 | -2.2% |
| Recurring financial charges | 65 | €2,732 | €2,671 | -€60 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,351 | -€11,588 | -€5,236 | -82.4% |
| Income taxes | 67/77 | - | -€2,348 | -€2,348 | |
| Profit (loss) for the period | 9904 | -€6,351 | -€9,240 | -€2,888 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,351 | -€9,240 | -€2,888 | -45.5% |
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 29 October 2026 via checked.be.