DEMA ANDERLECHT: 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
DEMA ANDERLECHT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,034
2024 · -€1.0m+€1.1m
Equity
€52,248
2024 · €8,214+€44,034
Cash
€0
2024 · €84-€84
Balance sheet total
€9.4m
2024 · €9.0m+€372,357
Largest movements
Assets
- Receivables within one year +€375,810
up €375,810 (+12.2%), from €3.1m to €3.4m
of which Other amounts receivable: +€200,160
Equity and liabilities
- Other debts +€732,060
up €732,060 (+39.8%), from €1.8m to €2.6m
- Debts after one year -€485,000
down €485,000 (-6.9%), from €7.1m to €6.6m
Income statement
- Financial charges -€1.0m
down €1.0m (-95.8%), from €1.1m to €44,791
- Gross operating margin +€76,227
up €76,227 (+313.7%), from €24,297 to €100,524
- Financial income -€36,420
down €36,420 (-25.7%), from €141,662 to €105,242
- Taxes +€8,246
up €8,246 (+85.3%), from €9,662 to €17,908
- Staff costs +€3,088
up €3,088 (+3.7%), from €83,044 to €86,132
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
-€1.0m
Gross operating margin
+€76,227
Staff costs
-€3,088
Depreciation
+€629
Other operating charges
-€123
Financial income
-€36,420
Financial charges
+€1.0m
Taxes
-€8,246
Result 2025
€44,034
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
+€491,374
Investment
-€6,554
Financing
-€484,903
Cash 2024
€84
From operations (derived)
+€491,374
Net result for the year
+€44,034
Depreciation
+€9,103
Receivables within one year
-€375,810
Deferred charges and accrued income
+€820
Trade debts
+€25,627
Tax, wage and social debts
+€55,539
Other debts
+€732,060
Investment (derived)
-€6,554
Investment in fixed assets (net)
-€6,554
Financing
-€484,903
Debts after one year
-€485,000
Short-term financial debts
+€97
Cash 2025
€0
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,000,648 | €9,373,004 | +€372,357 | +4.1% |
| Fixed assets | 21/28 | €5,930,309 | €5,927,760 | -€2,549 | 0.0% |
| Tangible fixed assets | 22/27 | €132,209 | €129,660 | -€2,549 | -1.9% |
| Land and buildings | 22 | €120,000 | €114,500 | -€5,500 | -4.6% |
| Plant, machinery and equipment | 23 | €80 | €5,626 | +€5,546 | +6953.4% |
| Furniture and vehicles | 24 | €12,129 | €9,535 | -€2,595 | -21.4% |
| Financial fixed assets | 28 | €5,798,100 | €5,798,100 | = | 0.0% |
| Current assets | 29/58 | €3,070,339 | €3,445,244 | +€374,905 | +12.2% |
| Amounts receivable within one year | 40/41 | €3,068,748 | €3,444,557 | +€375,810 | +12.2% |
| Trade receivables | 40 | - | €175,650 | +€175,650 | |
| Other amounts receivable | 41 | €3,068,748 | €3,268,907 | +€200,160 | +6.5% |
| Cash at bank and in hand | 54/58 | €84 | €0 | -€84 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,507 | €687 | -€820 | -54.4% |
| Total equity and liabilities | 10/49 | €9,000,648 | €9,373,004 | +€372,357 | +4.1% |
| Equity | 10/15 | €8,214 | €52,248 | +€44,034 | +536.1% |
| 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% |
| Revaluation surpluses | 12 | €102,000 | €102,000 | = | 0.0% |
| Reserves | 13 | €858,848 | €858,848 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €852,648 | €852,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,014,633 | -€970,599 | +€44,034 | +4.3% |
| Amounts payable | 17/49 | €8,992,433 | €9,320,756 | +€328,323 | +3.7% |
| Amounts payable after more than one year | 17 | €7,075,147 | €6,590,147 | -€485,000 | -6.9% |
| Financial debts | 170/4 | €7,075,147 | €6,590,147 | -€485,000 | -6.9% |
| Amounts payable within one year | 42/48 | €1,917,286 | €2,730,609 | +€813,323 | +42.4% |
| Financial debts | 43 | - | €97 | +€97 | |
| Credit institutions | 430/8 | - | €97 | +€97 | |
| Trade debts | 44 | €12,509 | €38,137 | +€25,627 | +204.9% |
| Suppliers | 440/4 | €12,509 | €38,137 | +€25,627 | +204.9% |
| Taxes, remuneration and social security | 45 | €67,580 | €123,120 | +€55,539 | +82.2% |
| Taxes | 450/3 | €42,015 | €78,295 | +€36,279 | +86.3% |
| Remuneration and social security | 454/9 | €25,565 | €44,825 | +€19,260 | +75.3% |
| Other amounts payable | 47/48 | €1,837,196 | €2,569,256 | +€732,060 | +39.8% |
| Non-recurring operating income | 76A | €45,551 | €0 | -€45,551 | -100.0% |
| Remuneration, social security and pensions | 62 | €83,044 | €86,132 | +€3,088 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,732 | €9,103 | -€629 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,675 | €3,797 | +€123 | +3.3% |
| Gross operating margin | 9900 | €24,297 | €100,524 | +€76,227 | +313.7% |
| Operating profit (loss) | 9901 | -€72,154 | €1,491 | +€73,645 | |
| Financial income | 75/76B | €141,662 | €105,242 | -€36,420 | -25.7% |
| Recurring financial income | 75 | €141,662 | €105,242 | -€36,420 | -25.7% |
| Financial charges | 65/66B | €1,074,478 | €44,791 | -€1.0m | -95.8% |
| Recurring financial charges | 65 | €1,074,478 | €44,791 | -€1.0m | -95.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,004,971 | €61,942 | +€1.1m | |
| Income taxes | 67/77 | €9,662 | €17,908 | +€8,246 | +85.3% |
| Profit (loss) for the period | 9904 | -€1,014,633 | €44,034 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,014,633 | €44,034 | +€1.1m |
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 8 October 2026 via checked.be.