DESREMO: what changed
What changed
DESREMO
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
€83,785
2024 · €983,366-€899,581
Equity
€2.4m
2024 · €2.3m+€82,119
Cash
€1.0m
2024 · €1.2m-€156,095
Balance sheet total
€17.0m
2024 · €9.5m+€7.5m
Largest movements
Assets
- Stocks and contracts +€5.2m
up €5.2m (+111%), from €4.7m to €9.9m
- Current investments +€2.4m
up €2.4m (+470%), from €500,000 to €2.9m
- Tangible fixed assets +€499,987
up €499,987 (+24.2%), from €2.1m to €2.6m
of which Assets under construction and advance payments: +€447,558
- Receivables after one year -€406,315
down €406,315 (-91.5%), from €444,100 to €37,785
Equity and liabilities
- Advances received +€10.6m
up €10.6m (+521%), from €2.0m to €12.6m
- Short-term financial debts -€2.5m
down €2.5m (-92.5%), from €2.7m to €199,937
- Trade debts -€487,567
down €487,567 (-71.4%), from €682,659 to €195,092
Income statement
- Gross operating margin -€1.9m
down €1.9m (-99.0%), from €1.9m to €19,223
- Taxes -€366,991
down €366,991 (-87.7%), from €418,683 to €51,692
- Financial charges -€170,893
down €170,893 (-73.4%), from €232,944 to €62,051
- Financial income +€157,194
up €157,194 (+184%), from €85,266 to €242,460
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.
Result 2024
€983,366
Gross operating margin
-€1.9m
Depreciation
+€17,091
Other operating charges
-€86
Other operating items
+€1,650
Financial income
+€157,194
Financial charges
+€170,893
Taxes
+€366,991
Deferred taxes and other
+€277,700
Result 2025
€83,785
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€5.4m
Investment
-€2.9m
Financing
-€2.6m
Cash 2024
€1.2m
From operations (derived)
+€5.4m
Net result for the year
+€83,785
Depreciation
+€61,114
Receivables after one year
+€406,315
Stocks and contracts
-€5.2m
Smaller working-capital items
+€1,994
Trade debts
-€487,567
Tax, wage and social debts
-€98,402
Advances received
+€10.6m
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€571,951
Current investments
-€2.4m
Financing
-€2.6m
Debts after one year
-€61,907
Current portion of long-term debt
-€77,317
Short-term financial debts
-€2.5m
Contributions, distributions and other
-€1,666
Cash 2025
€1.0m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,512,940 | €17,010,405 | +€7.5m | +78.8% |
| Fixed assets | 21/28 | €2,070,615 | €2,581,452 | +€510,837 | +24.7% |
| Intangible fixed assets | 21 | €5,921 | €4,271 | -€1,650 | -27.9% |
| Tangible fixed assets | 22/27 | €2,064,695 | €2,564,681 | +€499,987 | +24.2% |
| Land and buildings | 22 | €1,728,010 | €1,790,425 | +€62,415 | +3.6% |
| Furniture and vehicles | 24 | €16,684 | €6,698 | -€9,986 | -59.9% |
| Assets under construction and advance payments | 27 | €320,000 | €767,558 | +€447,558 | +140% |
| Financial fixed assets | 28 | €0 | €12,500 | +€12,500 | |
| Current assets | 29/58 | €7,442,324 | €14,428,953 | +€7.0m | +93.9% |
| Amounts receivable after more than one year | 29 | €444,100 | €37,785 | -€406,315 | -91.5% |
| Other amounts receivable | 291 | €444,100 | €37,785 | -€406,315 | -91.5% |
| Stocks and contracts in progress | 3 | €4,698,005 | €9,898,618 | +€5.2m | +111% |
| Stocks | 30/36 | €4,698,005 | €9,898,618 | +€5.2m | +111% |
| Amounts receivable within one year | 40/41 | €586,723 | €591,996 | +€5,272 | +0.9% |
| Trade receivables | 40 | €512,819 | €590,560 | +€77,741 | +15.2% |
| Other amounts receivable | 41 | €73,905 | €1,436 | -€72,469 | -98.1% |
| Current investments | 50/53 | €500,000 | €2,850,000 | +€2.4m | +470% |
| Cash at bank and in hand | 54/58 | €1,194,868 | €1,038,773 | -€156,095 | -13.1% |
| Deferred charges and accrued income | 490/1 | €18,628 | €11,781 | -€6,847 | -36.8% |
| Total equity and liabilities | 10/49 | €9,512,940 | €17,010,405 | +€7.5m | +78.8% |
| Equity | 10/15 | €2,297,760 | €2,379,879 | +€82,119 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,027,036 | €2,110,821 | +€83,785 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €710,717 | €700,569 | -€10,149 | -1.4% |
| Distributable reserves | 133 | €1,314,459 | €1,408,392 | +€93,934 | +7.1% |
| Profit (loss) carried forward | 14 | €252,124 | €250,458 | -€1,666 | -0.7% |
| Provisions and deferred taxes | 16 | €319,579 | €316,197 | -€3,383 | -1.1% |
| Provisions for liabilities and charges | 160/5 | €152,840 | €152,840 | = | 0.0% |
| Pensions and similar obligations | 160 | €152,840 | €152,840 | = | 0.0% |
| Deferred taxes | 168 | €166,739 | €163,356 | -€3,383 | -2.0% |
| Amounts payable | 17/49 | €6,895,600 | €14,314,329 | +€7.4m | +108% |
| Amounts payable after more than one year | 17 | €925,247 | €863,340 | -€61,907 | -6.7% |
| Financial debts | 170/4 | €925,247 | €863,340 | -€61,907 | -6.7% |
| Amounts payable within one year | 42/48 | €5,953,869 | €13,437,540 | +€7.5m | +126% |
| Current portion of amounts payable after more than one year | 42 | €141,962 | €64,645 | -€77,317 | -54.5% |
| Financial debts | 43 | €2,652,745 | €199,937 | -€2.5m | -92.5% |
| Credit institutions | 430/8 | €2,652,745 | €199,937 | -€2.5m | -92.5% |
| Trade debts | 44 | €682,659 | €195,092 | -€487,567 | -71.4% |
| Suppliers | 440/4 | €682,659 | €195,092 | -€487,567 | -71.4% |
| Advances received on contracts in progress | 46 | €2,032,300 | €12,625,228 | +€10.6m | +521% |
| Taxes, remuneration and social security | 45 | €264,550 | €166,148 | -€98,402 | -37.2% |
| Taxes | 450/3 | €264,550 | €166,148 | -€98,402 | -37.2% |
| Other amounts payable | 47/48 | €179,653 | €186,490 | +€6,837 | +3.8% |
| Accrued charges and deferred income | 492/3 | €16,484 | €13,449 | -€3,035 | -18.4% |
| Non-recurring operating income | 76A | €282,471 | €0 | -€282,471 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,205 | €61,114 | -€17,091 | -21.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €6,339 | €6,424 | +€86 | +1.4% |
| Non-recurring operating charges | 66A | €1,650 | €0 | -€1,650 | -100% |
| Gross operating margin | 9900 | €1,910,238 | €19,223 | -€1.9m | -99.0% |
| Operating profit (loss) | 9901 | €1,824,045 | -€48,315 | -€1.9m | |
| Financial income | 75/76B | €85,266 | €242,460 | +€157,194 | +184% |
| Recurring financial income | 75 | €85,266 | €242,460 | +€157,194 | +184% |
| Financial charges | 65/66B | €232,944 | €62,051 | -€170,893 | -73.4% |
| Recurring financial charges | 65 | €232,944 | €62,051 | -€170,893 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €1,676,366 | €132,095 | -€1.5m | -92.1% |
| Transfer from deferred taxes | 780 | €3,383 | €3,383 | = | 0.0% |
| Transfer to deferred taxes | 680 | €277,700 | €0 | -€277,700 | -100% |
| Income taxes | 67/77 | €418,683 | €51,692 | -€366,991 | -87.7% |
| Profit (loss) for the period | 9904 | €983,366 | €83,785 | -€899,581 | -91.5% |
| Transfer from tax-exempt reserves | 789 | €10,149 | €10,149 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €201,600 | €0 | -€201,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €791,914 | €93,934 | -€697,981 | -88.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.