Immo DeMey: 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 DeMey
Largest movements
- Cash +€69,586
up €69,586 (+76.3%), from €91,149 to €160,736
mainly Net result for the year (+€45,613) and Receivables within one year (+€13,852)
- Receivables within one year -€13,852
down €13,852 (-20.3%), from €68,247 to €54,395
of which Trade receivables: -€12,227
- Tangible fixed assets -€6,624
down €6,624 (-3.7%), from €177,635 to €171,010
of which Land and buildings: -€6,169
- Profit (loss) carried forward +€45,613
up €45,613 (+43.6%), from €104,699 to €150,311
- Accrued charges and deferred income +€8,826
new in 2025: €8,826
- Debts after one year -€8,802
down €8,802 (-6.9%), from €127,040 to €118,238
- Trade debts +€5,788
up €5,788 (+102.8%), from €5,631 to €11,419
- Gross operating margin +€13,708
up €13,708 (+19.9%), from €68,758 to €82,466
- Taxes +€11,044
up €11,044 (+131.5%), from €8,399 to €19,443
- Depreciation +€2,282
up €2,282 (+32.9%), from €6,939 to €9,222
- Financial income -€2,040
no longer reported in 2025 (was €2,040)
- Other operating charges -€1,070
down €1,070 (-36.3%), from €2,950 to €1,879
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 | €337,894 | €387,134 | +€49,239 | +14.6% |
| Fixed assets | 21/28 | €177,635 | €171,010 | -€6,624 | -3.7% |
| Tangible fixed assets | 22/27 | €177,635 | €171,010 | -€6,624 | -3.7% |
| Land and buildings | 22 | €165,834 | €159,666 | -€6,169 | -3.7% |
| Plant, machinery and equipment | 23 | - | €377 | +€377 | |
| Furniture and vehicles | 24 | €11,800 | €10,968 | -€832 | -7.1% |
| Current assets | 29/58 | €160,260 | €216,124 | +€55,864 | +34.9% |
| Amounts receivable within one year | 40/41 | €68,247 | €54,395 | -€13,852 | -20.3% |
| Trade receivables | 40 | €66,622 | €54,395 | -€12,227 | -18.4% |
| Other amounts receivable | 41 | €1,625 | - | -€1,625 | |
| Cash at bank and in hand | 54/58 | €91,149 | €160,736 | +€69,586 | +76.3% |
| Deferred charges and accrued income | 490/1 | €863 | €993 | +€130 | +15.0% |
| Total equity and liabilities | 10/49 | €337,894 | €387,134 | +€49,239 | +14.6% |
| Equity | 10/15 | €125,487 | €171,100 | +€45,613 | +36.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,689 | €20,689 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,689 | €20,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,699 | €150,311 | +€45,613 | +43.6% |
| Amounts payable | 17/49 | €212,407 | €216,034 | +€3,627 | +1.7% |
| Amounts payable after more than one year | 17 | €127,040 | €118,238 | -€8,802 | -6.9% |
| Financial debts | 170/4 | €127,040 | €118,238 | -€8,802 | -6.9% |
| Amounts payable within one year | 42/48 | €85,367 | €88,969 | +€3,603 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €8,643 | €8,802 | +€159 | +1.8% |
| Trade debts | 44 | €5,631 | €11,419 | +€5,788 | +102.8% |
| Suppliers | 440/4 | €5,631 | €11,419 | +€5,788 | +102.8% |
| Taxes, remuneration and social security | 45 | €19,584 | €19,963 | +€378 | +1.9% |
| Taxes | 450/3 | €18,294 | €18,673 | +€378 | +2.1% |
| Remuneration and social security | 454/9 | €1,290 | €1,290 | = | 0.0% |
| Other amounts payable | 47/48 | €51,508 | €48,786 | -€2,723 | -5.3% |
| Accrued charges and deferred income | 492/3 | - | €8,826 | +€8,826 | |
| Non-recurring operating income | 76A | €727 | - | -€727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,939 | €9,222 | +€2,282 | +32.9% |
| Other operating charges | 640/8 | €2,950 | €1,879 | -€1,070 | -36.3% |
| Non-recurring operating charges | 66A | €5,779 | - | -€5,779 | |
| Gross operating margin | 9900 | €68,758 | €82,466 | +€13,708 | +19.9% |
| Operating profit (loss) | 9901 | €53,090 | €71,365 | +€18,275 | +34.4% |
| Financial income | 75/76B | €2,040 | - | -€2,040 | |
| Recurring financial income | 75 | €2,040 | - | -€2,040 | |
| Financial charges | 65/66B | €6,955 | €6,310 | -€646 | -9.3% |
| Recurring financial charges | 65 | €6,955 | €6,310 | -€646 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €48,175 | €65,056 | +€16,881 | +35.0% |
| Income taxes | 67/77 | €8,399 | €19,443 | +€11,044 | +131.5% |
| Profit (loss) for the period | 9904 | €39,776 | €45,613 | +€5,837 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,776 | €45,613 | +€5,837 | +14.7% |
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 6 October 2026 via checked.be.