IMMO - DEMUYNCK: 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 - DEMUYNCK
Largest movements
- Cash -€14,784
down €14,784 (-18.7%), from €78,894 to €64,111
mainly Trade debts (-€14,522) and Current investments (-€10,000)
- Current investments +€10,000
up €10,000 (+11.1%), from €90,000 to €100,000
- Trade debts -€14,522
down €14,522 (-98.0%), from €14,812 to €290
- Reserves +€5,190
up €5,190 (+2.5%), from €208,547 to €213,737
- Financial income +€1,394
up €1,394 (+167%), from €833 to €2,227
- Gross operating margin -€1,064
down €1,064 (-4.7%), from €22,658 to €21,594
- Financial charges -€816
down €816 (-96.3%), from €848 to €32
- Other operating charges +€407
up €407 (+2.7%), from €14,912 to €15,319
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.
Derived cash bridge
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 | €363,260 | €356,252 | -€7,007 | -1.9% |
| Fixed assets | 21/28 | €187,648 | €184,367 | -€3,280 | -1.7% |
| Tangible fixed assets | 22/27 | €187,648 | €184,367 | -€3,280 | -1.7% |
| Land and buildings | 22 | €187,648 | €184,367 | -€3,280 | -1.7% |
| Current assets | 29/58 | €175,612 | €171,885 | -€3,727 | -2.1% |
| Amounts receivable within one year | 40/41 | €1,355 | €1,778 | +€423 | +31.3% |
| Other amounts receivable | 41 | €1,355 | €1,778 | +€423 | +31.3% |
| Current investments | 50/53 | €90,000 | €100,000 | +€10,000 | +11.1% |
| Cash at bank and in hand | 54/58 | €78,894 | €64,111 | -€14,784 | -18.7% |
| Deferred charges and accrued income | 490/1 | €5,363 | €5,996 | +€634 | +11.8% |
| Total equity and liabilities | 10/49 | €363,260 | €356,252 | -€7,007 | -1.9% |
| Equity | 10/15 | €341,859 | €347,049 | +€5,190 | +1.5% |
| Contributions | 10/11 | €133,313 | €133,313 | = | 0.0% |
| Reserves | 13 | €208,547 | €213,737 | +€5,190 | +2.5% |
| Distributable reserves | 133 | €208,547 | €213,737 | +€5,190 | +2.5% |
| Amounts payable | 17/49 | €21,400 | €9,203 | -€12,197 | -57.0% |
| Amounts payable within one year | 42/48 | €21,400 | €6,303 | -€15,097 | -70.5% |
| Trade debts | 44 | €14,812 | €290 | -€14,522 | -98.0% |
| Suppliers | 440/4 | €14,812 | €290 | -€14,522 | -98.0% |
| Other amounts payable | 47/48 | €6,588 | €6,013 | -€575 | -8.7% |
| Accrued charges and deferred income | 492/3 | €0 | €2,900 | +€2,900 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,280 | €3,280 | = | 0.0% |
| Other operating charges | 640/8 | €14,912 | €15,319 | +€407 | +2.7% |
| Gross operating margin | 9900 | €22,658 | €21,594 | -€1,064 | -4.7% |
| Operating profit (loss) | 9901 | €4,466 | €2,995 | -€1,471 | -32.9% |
| Financial income | 75/76B | €833 | €2,227 | +€1,394 | +167% |
| Recurring financial income | 75 | €833 | €2,227 | +€1,394 | +167% |
| Financial charges | 65/66B | €848 | €32 | -€816 | -96.3% |
| Recurring financial charges | 65 | €848 | €32 | -€816 | -96.3% |
| Profit (loss) for the period before taxes | 9903 | €4,451 | €5,190 | +€739 | +16.6% |
| Profit (loss) for the period | 9904 | €4,451 | €5,190 | +€739 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,451 | €5,190 | +€739 | +16.6% |
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 13 October 2026 via checked.be.