IMMO DEMADA: 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.
IMMO DEMADA
Largest movements
- Cash -€12,725
down €12,725 (-49.4%), from €25,777 to €13,053
mainly Net result for the year (-€38,823) and Investment in fixed assets (net) (-€3,072)
- Tangible fixed assets -€4,530
down €4,530 (-1.3%), from €351,174 to €346,645
of which Furniture and vehicles: -€7,406
- Profit (loss) carried forward -€38,823
down €38,823 (-806.8%), from -€4,812 to -€43,635
- Other debts +€22,048
up €22,048 (+8.7%), from €253,515 to €275,563
- Gross operating margin +€6,293
up €6,293 (+26.1%), from -€24,129 to -€17,836
- Taxes -€275
no longer reported in 2025 (was €275)
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 | €376,952 | €361,157 | -€15,794 | -4.2% |
| Fixed assets | 21/28 | €351,174 | €346,645 | -€4,530 | -1.3% |
| Tangible fixed assets | 22/27 | €351,174 | €346,645 | -€4,530 | -1.3% |
| Land and buildings | 22 | €320,493 | €323,565 | +€3,072 | +1.0% |
| Plant, machinery and equipment | 23 | €1,404 | €1,208 | -€195 | -13.9% |
| Furniture and vehicles | 24 | €29,278 | €21,872 | -€7,406 | -25.3% |
| Current assets | 29/58 | €25,777 | €14,512 | -€11,265 | -43.7% |
| Cash at bank and in hand | 54/58 | €25,777 | €13,053 | -€12,725 | -49.4% |
| Deferred charges and accrued income | 490/1 | - | €1,460 | +€1,460 | |
| Total equity and liabilities | 10/49 | €376,952 | €361,157 | -€15,794 | -4.2% |
| Equity | 10/15 | €120,981 | €82,158 | -€38,823 | -32.1% |
| Contributions | 10/11 | €64,668 | €64,668 | = | 0.0% |
| Outside capital | 11 | €64,668 | €64,668 | = | 0.0% |
| Other | 1109/19 | €64,668 | €64,668 | = | 0.0% |
| Reserves | 13 | €61,125 | €61,125 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,125 | €16,125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,125 | €16,125 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,812 | -€43,635 | -€38,823 | -806.8% |
| Amounts payable | 17/49 | €255,970 | €278,999 | +€23,029 | +9.0% |
| Amounts payable within one year | 42/48 | €255,970 | €278,999 | +€23,029 | +9.0% |
| Trade debts | 44 | €1,532 | €2,408 | +€875 | +57.1% |
| Suppliers | 440/4 | €1,532 | €2,408 | +€875 | +57.1% |
| Taxes, remuneration and social security | 45 | €923 | €1,028 | +€106 | +11.5% |
| Taxes | 450/3 | €275 | €275 | = | 0.0% |
| Remuneration and social security | 454/9 | €648 | €753 | +€106 | +16.3% |
| Other amounts payable | 47/48 | €253,515 | €275,563 | +€22,048 | +8.7% |
| Remuneration, social security and pensions | 62 | €7,161 | €7,312 | +€150 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,428 | €7,601 | +€173 | +2.3% |
| Other operating charges | 640/8 | €5,791 | €6,029 | +€238 | +4.1% |
| Gross operating margin | 9900 | -€24,129 | -€17,836 | +€6,293 | +26.1% |
| Operating profit (loss) | 9901 | -€44,510 | -€38,779 | +€5,731 | +12.9% |
| Financial charges | 65/66B | €131 | €45 | -€86 | -65.8% |
| Recurring financial charges | 65 | €131 | €45 | -€86 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,640 | -€38,823 | +€5,817 | +13.0% |
| Income taxes | 67/77 | €275 | - | -€275 | |
| Profit (loss) for the period | 9904 | -€44,915 | -€38,823 | +€6,092 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,915 | -€38,823 | +€6,092 | +13.6% |
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.