DEM - IMMO: what changed
Two fiscal 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.
What changed
DEM - IMMO
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€803
2024 · €7,810-€7,008
Equity
€237,503
2024 · €236,701+€803
Cash
€107,473
2024 · €108,149-€675
Balance sheet total
€346,205
2024 · €354,034-€7,829
Largest movements
Assets
- Tangible fixed assets -€6,963
down €6,963 (-3.3%), from €214,087 to €207,125
Equity and liabilities
- Debts after one year -€9,431
down €9,431 (-40.9%), from €23,045 to €13,614
Income statement
- Gross operating margin -€9,465
down €9,465 (-26.6%), from €35,583 to €26,118
- Taxes -€2,942
down €2,942 (-90.6%), from €3,247 to €305
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.
Result 2024
€7,810
Gross operating margin
-€9,465
Depreciation
-€341
Other operating charges
-€239
Financial income
-€33
Financial charges
+€128
Taxes
+€2,942
Result 2025
€803
Cash bridge derived
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.
From operations
+€18,293
Investment
-€9,682
Financing
-€9,286
Cash 2024
€108,149
From operations (derived)
+€18,293
Net result for the year
+€803
Depreciation
+€16,547
Receivables within one year
+€324
Deferred charges and accrued income
-€35
Trade debts
+€558
Accrued charges and deferred income
+€96
Investment (derived)
-€9,682
Investment in fixed assets (net)
-€9,584
Current investments
-€98
Financing
-€9,286
Debts after one year
-€9,431
Current portion of long-term debt
+€145
Cash 2025
€107,473
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €354,034 | €346,205 | -€7,829 | -2.2% |
| Fixed assets | 21/28 | €214,087 | €207,125 | -€6,963 | -3.3% |
| Tangible fixed assets | 22/27 | €214,087 | €207,125 | -€6,963 | -3.3% |
| Land and buildings | 22 | €214,087 | €207,125 | -€6,963 | -3.3% |
| Current assets | 29/58 | €139,947 | €139,081 | -€866 | -0.6% |
| Amounts receivable within one year | 40/41 | €993 | €669 | -€324 | -32.6% |
| Trade receivables | 40 | €738 | €171 | -€568 | -76.9% |
| Other amounts receivable | 41 | €255 | €498 | +€243 | +95.5% |
| Current investments | 50/53 | €29,975 | €30,073 | +€98 | +0.3% |
| Cash at bank and in hand | 54/58 | €108,149 | €107,473 | -€675 | -0.6% |
| Deferred charges and accrued income | 490/1 | €830 | €865 | +€35 | +4.2% |
| Total equity and liabilities | 10/49 | €354,034 | €346,205 | -€7,829 | -2.2% |
| Equity | 10/15 | €236,701 | €237,503 | +€803 | +0.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,501 | €169,303 | +€803 | +0.5% |
| Amounts payable | 17/49 | €117,333 | €108,702 | -€8,632 | -7.4% |
| Amounts payable after more than one year | 17 | €23,045 | €13,614 | -€9,431 | -40.9% |
| Financial debts | 170/4 | €23,045 | €13,614 | -€9,431 | -40.9% |
| Amounts payable within one year | 42/48 | €91,461 | €92,165 | +€703 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €9,286 | €9,431 | +€145 | +1.6% |
| Trade debts | 44 | €480 | €1,038 | +€558 | +116.4% |
| Suppliers | 440/4 | €480 | €1,038 | +€558 | +116.4% |
| Other amounts payable | 47/48 | €81,695 | €81,695 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,827 | €2,923 | +€96 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,206 | €16,547 | +€341 | +2.1% |
| Other operating charges | 640/8 | €7,815 | €8,053 | +€239 | +3.1% |
| Gross operating margin | 9900 | €35,583 | €26,118 | -€9,465 | -26.6% |
| Operating profit (loss) | 9901 | €11,563 | €1,518 | -€10,045 | -86.9% |
| Financial income | 75/76B | €194 | €161 | -€33 | -17.1% |
| Recurring financial income | 75 | €194 | €161 | -€33 | -17.1% |
| Financial charges | 65/66B | €700 | €572 | -€128 | -18.3% |
| Recurring financial charges | 65 | €700 | €572 | -€128 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €11,058 | €1,108 | -€9,950 | -90.0% |
| Income taxes | 67/77 | €3,247 | €305 | -€2,942 | -90.6% |
| Profit (loss) for the period | 9904 | €7,810 | €803 | -€7,008 | -89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,810 | €803 | -€7,008 | -89.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.