IMMO DEM: what changed
Two financial 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.
IMMO DEM
Largest movements
- Tangible fixed assets -€31,903
down €31,903 (-7.4%), from €432,663 to €400,760
- Profit (loss) carried forward -€35,925
down €35,925 (-8.8%), from -€409,610 to -€445,535
- Other debts +€13,500
up €13,500 (+3.8%), from €353,220 to €366,720
- Debts after one year -€10,431
down €10,431 (-16.0%), from €65,265 to €54,834
- Turnover +€11,097
new in 2025: €11,097
- Purchases and services +€7,109
new in 2025: €7,109
- Gross operating margin -€1,649
down €1,649 (-29.2%), from €5,637 to €3,988
- Financial charges -€197
down €197 (-9.8%), from €2,014 to €1,817
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 | €434,115 | €403,062 | -€31,053 | -7.2% |
| Fixed assets | 21/28 | €432,663 | €400,760 | -€31,903 | -7.4% |
| Tangible fixed assets | 22/27 | €432,663 | €400,760 | -€31,903 | -7.4% |
| Land and buildings | 22 | €432,663 | €400,760 | -€31,903 | -7.4% |
| Current assets | 29/58 | €1,452 | €2,301 | +€849 | +58.5% |
| Amounts receivable within one year | 40/41 | €134 | €111 | -€23 | -17.4% |
| Trade receivables | 40 | €134 | €111 | -€23 | -17.4% |
| Cash at bank and in hand | 54/58 | €594 | €1,442 | +€848 | +142.8% |
| Deferred charges and accrued income | 490/1 | €724 | €748 | +€24 | +3.4% |
| Total equity and liabilities | 10/49 | €434,115 | €403,062 | -€31,053 | -7.2% |
| Equity | 10/15 | €5,432 | -€30,493 | -€35,925 | |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Revaluation surpluses | 12 | €209,299 | €209,299 | +€0 | 0.0% |
| Reserves | 13 | €115,743 | €115,743 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €106,743 | €106,743 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€409,610 | -€445,535 | -€35,925 | -8.8% |
| Amounts payable | 17/49 | €428,683 | €433,555 | +€4,872 | +1.1% |
| Amounts payable after more than one year | 17 | €65,265 | €54,834 | -€10,431 | -16.0% |
| Financial debts | 170/4 | €65,265 | €54,834 | -€10,431 | -16.0% |
| Amounts payable within one year | 42/48 | €363,418 | €378,720 | +€15,302 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €10,198 | €10,430 | +€232 | +2.3% |
| Trade debts | 44 | - | €1,570 | +€1,570 | |
| Suppliers | 440/4 | - | €1,570 | +€1,570 | |
| Other amounts payable | 47/48 | €353,220 | €366,720 | +€13,500 | +3.8% |
| Turnover | 70 | - | €11,097 | +€11,097 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,109 | +€7,109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,902 | €31,903 | +€1 | 0.0% |
| Other operating charges | 640/8 | €6,107 | €6,194 | +€87 | +1.4% |
| Gross operating margin | 9900 | €5,637 | €3,988 | -€1,649 | -29.2% |
| Operating profit (loss) | 9901 | -€32,372 | -€34,108 | -€1,736 | -5.4% |
| Financial charges | 65/66B | €2,014 | €1,817 | -€197 | -9.8% |
| Recurring financial charges | 65 | €2,014 | €1,817 | -€197 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€34,386 | -€35,925 | -€1,539 | -4.5% |
| Profit (loss) for the period | 9904 | -€34,386 | -€35,925 | -€1,539 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,386 | -€35,925 | -€1,539 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.