DEMILO: what changed
DEMILO
Largest movements
- Cash -€52,396
down €52,396 (-83.4%), from €62,862 to €10,466
mainly Other debts (-€61,858) and Net result for the year (-€48,577)
- Receivables within one year -€48,739
down €48,739 (-88.2%), from €55,248 to €6,509
of which Trade receivables: -€50,786
- Tangible fixed assets -€25,666
down €25,666 (-28.1%), from €91,342 to €65,676
of which Furniture and vehicles: -€13,290
- Other debts -€61,858
down €61,858 (-83.9%), from €73,694 to €11,836
- Profit (loss) carried forward -€48,577
down €48,577, from €5,878 to -€42,698
- Trade debts -€28,043
down €28,043 (-38.9%), from €72,160 to €44,117
- Tax, wage and social debts +€15,918
up €15,918 (+43.9%), from €36,255 to €52,173
of which Remuneration and social security: +€24,992
- Current portion of long-term debt -€4,561
no longer reported in 2025 (was €4,561)
- Gross operating margin -€62,462
down €62,462 (-41.3%), from €151,391 to €88,929
- Staff costs +€15,330
up €15,330 (+17.5%), from €87,780 to €103,110
- Taxes -€6,754
down €6,754 (-71.3%), from €9,467 to €2,712
- Financial charges +€1,525
up €1,525 (+51.1%), from €2,984 to €4,509
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €213,008 | €85,888 | -€127,120 | -59.7% |
| Fixed assets | 21/28 | €91,342 | €65,676 | -€25,666 | -28.1% |
| Tangible fixed assets | 22/27 | €91,342 | €65,676 | -€25,666 | -28.1% |
| Land and buildings | 22 | €63,428 | €51,052 | -€12,376 | -19.5% |
| Furniture and vehicles | 24 | €27,914 | €14,624 | -€13,290 | -47.6% |
| Current assets | 29/58 | €121,667 | €20,213 | -€101,454 | -83.4% |
| Stocks and contracts in progress | 3 | €3,050 | €1,975 | -€1,075 | -35.2% |
| Stocks | 30/36 | €3,050 | €1,975 | -€1,075 | -35.2% |
| Amounts receivable within one year | 40/41 | €55,248 | €6,509 | -€48,739 | -88.2% |
| Trade receivables | 40 | €55,248 | €4,462 | -€50,786 | -91.9% |
| Other amounts receivable | 41 | - | €2,048 | +€2,048 | |
| Cash at bank and in hand | 54/58 | €62,862 | €10,466 | -€52,396 | -83.4% |
| Deferred charges and accrued income | 490/1 | €506 | €1,262 | +€756 | +149% |
| Total equity and liabilities | 10/49 | €213,008 | €85,888 | -€127,120 | -59.7% |
| Equity | 10/15 | €26,338 | -€22,238 | -€48,577 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,878 | -€42,698 | -€48,577 | |
| Amounts payable | 17/49 | €186,670 | €108,127 | -€78,543 | -42.1% |
| Amounts payable within one year | 42/48 | €186,670 | €108,127 | -€78,543 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €4,561 | - | -€4,561 | |
| Trade debts | 44 | €72,160 | €44,117 | -€28,043 | -38.9% |
| Suppliers | 440/4 | €72,160 | €44,117 | -€28,043 | -38.9% |
| Taxes, remuneration and social security | 45 | €36,255 | €52,173 | +€15,918 | +43.9% |
| Taxes | 450/3 | €25,345 | €16,271 | -€9,074 | -35.8% |
| Remuneration and social security | 454/9 | €10,910 | €35,902 | +€24,992 | +229% |
| Other amounts payable | 47/48 | €73,694 | €11,836 | -€61,858 | -83.9% |
| Remuneration, social security and pensions | 62 | €87,780 | €103,110 | +€15,330 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,188 | €27,166 | -€22 | -0.1% |
| Other operating charges | 640/8 | €1,634 | €206 | -€1,428 | -87.4% |
| Gross operating margin | 9900 | €151,391 | €88,929 | -€62,462 | -41.3% |
| Operating profit (loss) | 9901 | €34,789 | -€41,553 | -€76,342 | |
| Financial income | 75/76B | €160 | €197 | +€37 | +23.3% |
| Recurring financial income | 75 | €160 | €197 | +€37 | +23.3% |
| Financial charges | 65/66B | €2,984 | €4,509 | +€1,525 | +51.1% |
| Recurring financial charges | 65 | €2,984 | €4,509 | +€1,525 | +51.1% |
| Profit (loss) for the period before taxes | 9903 | €31,965 | -€45,864 | -€77,829 | |
| Income taxes | 67/77 | €9,467 | €2,712 | -€6,754 | -71.3% |
| Profit (loss) for the period | 9904 | €22,498 | -€48,577 | -€71,075 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,498 | -€48,577 | -€71,075 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.