IMMO DEMEUSE: 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 DEMEUSE
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+5702.3%), from €19,066 to €1.1m
of which Trade receivables: +€1.1m
- Cash -€239,401
down €239,401 (-44.6%), from €537,036 to €297,635
mainly Receivables within one year (-€1.1m) and Debts after one year (-€117,657)
- Tangible fixed assets -€62,610
down €62,610 (-6.1%), from €1.0m to €962,179
of which Land and buildings: -€46,607
- Other debts +€973,779
up €973,779 (+1144.4%), from €85,088 to €1.1m
- Debts after one year -€117,657
down €117,657 (-14.6%), from €803,422 to €685,765
- Advances received -€112,390
down €112,390 (-30.4%), from €370,059 to €257,669
- Profit (loss) carried forward +€31,243
up €31,243 (+44.0%), from -€71,058 to -€39,815
- Gross operating margin +€139,846
up €139,846 (+32.9%), from €424,773 to €564,619
- Staff costs +€52,382
up €52,382 (+15.4%), from €340,769 to €393,151
- Taxes +€7,654
up €7,654 (+7578.4%), from €101 to €7,755
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,630,640 | €2,421,137 | +€790,497 | +48.5% |
| Fixed assets | 21/28 | €1,074,108 | €1,011,295 | -€62,813 | -5.8% |
| Tangible fixed assets | 22/27 | €1,024,789 | €962,179 | -€62,610 | -6.1% |
| Land and buildings | 22 | €996,635 | €950,028 | -€46,607 | -4.7% |
| Furniture and vehicles | 24 | €23,155 | €8,010 | -€15,145 | -65.4% |
| Other tangible fixed assets | 26 | €4,999 | €4,141 | -€858 | -17.2% |
| Financial fixed assets | 28 | €49,319 | €49,115 | -€204 | -0.4% |
| Current assets | 29/58 | €556,532 | €1,409,843 | +€853,311 | +153.3% |
| Amounts receivable within one year | 40/41 | €19,066 | €1,106,265 | +€1.1m | +5702.3% |
| Trade receivables | 40 | €12,728 | €1,089,481 | +€1.1m | +8459.7% |
| Other amounts receivable | 41 | €6,338 | €16,784 | +€10,446 | +164.8% |
| Cash at bank and in hand | 54/58 | €537,036 | €297,635 | -€239,401 | -44.6% |
| Deferred charges and accrued income | 490/1 | €430 | €5,942 | +€5,512 | +1281.9% |
| Total equity and liabilities | 10/49 | €1,630,640 | €2,421,137 | +€790,497 | +48.5% |
| Equity | 10/15 | €79,051 | €110,295 | +€31,244 | +39.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €100,109 | €100,109 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €109 | €109 | +€0 | +0.4% |
| Distributable reserves | 133 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,058 | -€39,815 | +€31,243 | +44.0% |
| Amounts payable | 17/49 | €1,551,589 | €2,310,843 | +€759,254 | +48.9% |
| Amounts payable after more than one year | 17 | €803,422 | €685,765 | -€117,657 | -14.6% |
| Financial debts | 170/4 | €803,422 | €685,765 | -€117,657 | -14.6% |
| Amounts payable within one year | 42/48 | €748,167 | €1,625,077 | +€876,910 | +117.2% |
| Current portion of amounts payable after more than one year | 42 | €133,480 | €124,553 | -€8,927 | -6.7% |
| Financial debts | 43 | €71 | €311 | +€240 | +337.7% |
| Credit institutions | 430/8 | €71 | €311 | +€240 | +337.7% |
| Trade debts | 44 | €109,894 | €125,497 | +€15,603 | +14.2% |
| Suppliers | 440/4 | €109,894 | €125,497 | +€15,603 | +14.2% |
| Advances received on contracts in progress | 46 | €370,059 | €257,669 | -€112,390 | -30.4% |
| Taxes, remuneration and social security | 45 | €49,575 | €58,181 | +€8,606 | +17.4% |
| Taxes | 450/3 | €7,668 | €22,954 | +€15,286 | +199.3% |
| Remuneration and social security | 454/9 | €41,907 | €35,226 | -€6,681 | -15.9% |
| Other amounts payable | 47/48 | €85,088 | €1,058,867 | +€973,779 | +1144.4% |
| Non-recurring operating income | 76A | €21,348 | - | -€21,348 | |
| Remuneration, social security and pensions | 62 | €340,769 | €393,151 | +€52,382 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,196 | €89,504 | -€692 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €12,776 | €13,262 | +€486 | +3.8% |
| Gross operating margin | 9900 | €424,773 | €564,619 | +€139,846 | +32.9% |
| Operating profit (loss) | 9901 | -€18,968 | €68,703 | +€87,671 | |
| Financial income | 75/76B | €475 | €1,077 | +€602 | +126.7% |
| Recurring financial income | 75 | €475 | €1,077 | +€602 | +126.7% |
| Financial charges | 65/66B | €30,102 | €30,781 | +€679 | +2.3% |
| Recurring financial charges | 65 | €30,102 | €30,781 | +€679 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,595 | €38,998 | +€87,593 | |
| Income taxes | 67/77 | €101 | €7,755 | +€7,654 | +7578.4% |
| Profit (loss) for the period | 9904 | -€48,696 | €31,243 | +€79,939 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,696 | €31,243 | +€79,939 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.