DEMIR 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.
DEMIR IMMO
Largest movements
- Cash -€78,093
down €78,093 (-66.9%), from €116,747 to €38,654
mainly Investment in fixed assets (net) (-€107,176) and Other debts (-€102,347)
- Tangible fixed assets -€76,226
down €76,226 (-2.1%), from €3.6m to €3.5m
of which Land and buildings: -€122,198
- Other debts -€102,347
down €102,347 (-7.4%), from €1.4m to €1.3m
- Debts after one year -€58,241
down €58,241 (-4.2%), from €1.4m to €1.3m
of which Financial debts: -€63,844
- Depreciation +€11,337
up €11,337 (+6.6%), from €172,065 to €183,402
- Gross operating margin +€5,755
up €5,755 (+2.0%), from €281,559 to €287,314
- Financial charges -€2,883
down €2,883 (-4.8%), from €60,675 to €57,792
- Other operating charges +€2,878
up €2,878 (+8.5%), from €33,706 to €36,585
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,752,613 | €3,594,031 | -€158,582 | -4.2% |
| Fixed assets | 21/28 | €3,617,552 | €3,541,326 | -€76,226 | -2.1% |
| Tangible fixed assets | 22/27 | €3,616,499 | €3,540,273 | -€76,226 | -2.1% |
| Land and buildings | 22 | €3,213,425 | €3,091,228 | -€122,198 | -3.8% |
| Plant, machinery and equipment | 23 | €370,396 | €425,664 | +€55,268 | +14.9% |
| Furniture and vehicles | 24 | €32,677 | €23,381 | -€9,296 | -28.4% |
| Financial fixed assets | 28 | €1,054 | €1,054 | = | 0.0% |
| Current assets | 29/58 | €135,061 | €52,705 | -€82,356 | -61.0% |
| Amounts receivable within one year | 40/41 | €10,034 | €12,034 | +€2,000 | +19.9% |
| Trade receivables | 40 | €4,404 | €4,404 | = | 0.0% |
| Other amounts receivable | 41 | €5,630 | €7,630 | +€2,000 | +35.5% |
| Cash at bank and in hand | 54/58 | €116,747 | €38,654 | -€78,093 | -66.9% |
| Deferred charges and accrued income | 490/1 | €8,280 | €2,017 | -€6,263 | -75.6% |
| Total equity and liabilities | 10/49 | €3,752,613 | €3,594,031 | -€158,582 | -4.2% |
| Equity | 10/15 | €869,886 | €879,146 | +€9,259 | +1.1% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €318,570 | €316,859 | -€1,711 | -0.5% |
| Tax-exempt reserves | 132 | €34,629 | €32,918 | -€1,711 | -4.9% |
| Distributable reserves | 133 | €283,941 | €283,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €524,048 | €535,018 | +€10,970 | +2.1% |
| Provisions and deferred taxes | 16 | €11,532 | €10,950 | -€582 | -5.0% |
| Deferred taxes | 168 | €11,532 | €10,950 | -€582 | -5.0% |
| Amounts payable | 17/49 | €2,871,195 | €2,703,935 | -€167,260 | -5.8% |
| Amounts payable after more than one year | 17 | €1,397,612 | €1,339,371 | -€58,241 | -4.2% |
| Financial debts | 170/4 | €1,386,902 | €1,323,058 | -€63,844 | -4.6% |
| Other amounts payable | 178/9 | €10,710 | €16,312 | +€5,602 | +52.3% |
| Amounts payable within one year | 42/48 | €1,472,090 | €1,364,532 | -€107,559 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €61,266 | €63,814 | +€2,548 | +4.2% |
| Trade debts | 44 | €13,613 | €5,343 | -€8,270 | -60.8% |
| Suppliers | 440/4 | €13,613 | €5,343 | -€8,270 | -60.8% |
| Taxes, remuneration and social security | 45 | €4,825 | €5,336 | +€511 | +10.6% |
| Taxes | 450/3 | €4,825 | €5,336 | +€511 | +10.6% |
| Other amounts payable | 47/48 | €1,392,386 | €1,290,040 | -€102,347 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,493 | €33 | -€1,460 | -97.8% |
| Remuneration, social security and pensions | 62 | - | €84 | +€84 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,065 | €183,402 | +€11,337 | +6.6% |
| Other operating charges | 640/8 | €33,706 | €36,585 | +€2,878 | +8.5% |
| Non-recurring operating charges | 66A | €319 | - | -€319 | |
| Gross operating margin | 9900 | €281,559 | €287,314 | +€5,755 | +2.0% |
| Operating profit (loss) | 9901 | €75,469 | €67,244 | -€8,225 | -10.9% |
| Financial charges | 65/66B | €60,675 | €57,792 | -€2,883 | -4.8% |
| Recurring financial charges | 65 | €60,675 | €57,792 | -€2,883 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €14,794 | €9,452 | -€5,342 | -36.1% |
| Transfer from deferred taxes | 780 | €582 | €582 | +€0 | 0.0% |
| Income taxes | 67/77 | €488 | €774 | +€286 | +58.7% |
| Profit (loss) for the period | 9904 | €14,888 | €9,259 | -€5,628 | -37.8% |
| Transfer from tax-exempt reserves | 789 | €1,711 | €1,711 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,599 | €10,970 | -€5,628 | -33.9% |
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 2 October 2026 via checked.be.