IMMO DEMETS: 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 DEMETS
Largest movements
- Receivables within one year +€338,990
up €338,990 (+123.6%), from €274,315 to €613,306
- Cash -€141,893
down €141,893 (-91.6%), from €154,934 to €13,041
mainly Receivables within one year (-€338,990) and Other debts (-€79,917)
- Tangible fixed assets -€61,490
down €61,490 (-3.7%), from €1.7m to €1.6m
of which Land and buildings: -€60,371
- Current portion of long-term debt +€252,551
up €252,551 (+141.3%), from €178,757 to €431,307
- Other debts -€79,917
down €79,917 (-57.8%), from €138,310 to €58,393
- Debts after one year -€31,644
down €31,644 (-2.3%), from €1.4m to €1.3m
- Tax, wage and social debts -€29,254
no longer reported in 2025 (was €29,254)
- Gross operating margin +€179,044
up €179,044, from -€77,590 to €101,454
- Financial charges +€3,856
up €3,856 (+17.5%), from €22,008 to €25,864
- Other operating charges -€1,041
down €1,041 (-7.0%), from €14,880 to €13,839
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 | €2,101,614 | €2,238,186 | +€136,572 | +6.5% |
| Fixed assets | 21/28 | €1,667,552 | €1,606,062 | -€61,490 | -3.7% |
| Tangible fixed assets | 22/27 | €1,667,552 | €1,606,062 | -€61,490 | -3.7% |
| Land and buildings | 22 | €1,666,186 | €1,605,815 | -€60,371 | -3.6% |
| Plant, machinery and equipment | 23 | €306 | - | -€306 | |
| Furniture and vehicles | 24 | €1,060 | €247 | -€813 | -76.7% |
| Current assets | 29/58 | €434,062 | €632,123 | +€198,062 | +45.6% |
| Amounts receivable within one year | 40/41 | €274,315 | €613,306 | +€338,990 | +123.6% |
| Other amounts receivable | 41 | €274,315 | €613,306 | +€338,990 | +123.6% |
| Cash at bank and in hand | 54/58 | €154,934 | €13,041 | -€141,893 | -91.6% |
| Deferred charges and accrued income | 490/1 | €4,812 | €5,777 | +€964 | +20.0% |
| Total equity and liabilities | 10/49 | €2,101,614 | €2,238,186 | +€136,572 | +6.5% |
| Equity | 10/15 | €356,245 | €358,299 | +€2,054 | +0.6% |
| Contributions | 10/11 | €282,000 | €282,000 | = | 0.0% |
| Reserves | 13 | €108,846 | €103,663 | -€5,183 | -4.8% |
| Tax-exempt reserves | 132 | €108,846 | €103,663 | -€5,183 | -4.8% |
| Profit (loss) carried forward | 14 | -€34,601 | -€27,364 | +€7,237 | +20.9% |
| Provisions and deferred taxes | 16 | €36,282 | €34,554 | -€1,728 | -4.8% |
| Deferred taxes | 168 | €36,282 | €34,554 | -€1,728 | -4.8% |
| Amounts payable | 17/49 | €1,709,086 | €1,845,332 | +€136,246 | +8.0% |
| Amounts payable after more than one year | 17 | €1,352,153 | €1,320,509 | -€31,644 | -2.3% |
| Financial debts | 170/4 | €1,352,153 | €1,320,509 | -€31,644 | -2.3% |
| Amounts payable within one year | 42/48 | €355,293 | €515,155 | +€159,862 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €178,757 | €431,307 | +€252,551 | +141.3% |
| Financial debts | 43 | €6,236 | €14,379 | +€8,143 | +130.6% |
| Credit institutions | 430/8 | €6,236 | €14,379 | +€8,143 | +130.6% |
| Trade debts | 44 | €2,737 | €11,076 | +€8,339 | +304.7% |
| Suppliers | 440/4 | €2,737 | €11,076 | +€8,339 | +304.7% |
| Taxes, remuneration and social security | 45 | €29,254 | - | -€29,254 | |
| Taxes | 450/3 | €29,254 | - | -€29,254 | |
| Other amounts payable | 47/48 | €138,310 | €58,393 | -€79,917 | -57.8% |
| Accrued charges and deferred income | 492/3 | €1,640 | €9,668 | +€8,028 | +489.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,963 | €61,490 | -€474 | -0.8% |
| Other operating charges | 640/8 | €14,880 | €13,839 | -€1,041 | -7.0% |
| Gross operating margin | 9900 | -€77,590 | €101,454 | +€179,044 | |
| Operating profit (loss) | 9901 | -€154,434 | €26,125 | +€180,559 | |
| Financial income | 75/76B | €1 | €65 | +€63 | +4666.9% |
| Recurring financial income | 75 | €1 | €65 | +€63 | +4666.9% |
| Financial charges | 65/66B | €22,008 | €25,864 | +€3,856 | +17.5% |
| Recurring financial charges | 65 | €22,008 | €25,864 | +€3,856 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | -€176,440 | €326 | +€176,767 | |
| Transfer from deferred taxes | 780 | €1,728 | €1,728 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€174,713 | €2,054 | +€176,767 | |
| Transfer from tax-exempt reserves | 789 | €5,183 | €5,183 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€169,529 | €7,237 | +€176,767 |
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 4 October 2026 via checked.be.