IMMO DEMY SCHANDELER: 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 DEMY SCHANDELER
Largest movements
- Tangible fixed assets -€204,896
down €204,896 (-3.6%), from €5.8m to €5.6m
- Debts after one year -€268,872
down €268,872 (-6.4%), from €4.2m to €3.9m
- Profit (loss) carried forward +€90,061
up €90,061 (+68.9%), from -€130,678 to -€40,617
- Other debts +€73,250
up €73,250 (+4.2%), from €1.7m to €1.8m
- Advances received -€72,600
no longer reported in 2025 (was €72,600)
- Trade debts -€72,273
down €72,273 (-46.7%), from €154,765 to €82,492
- Financial charges -€72,230
down €72,230 (-30.5%), from €236,578 to €164,349
- Depreciation +€6,719
up €6,719 (+2.5%), from €272,717 to €279,436
- Financial income -€6,093
down €6,093 (-94.5%), from €6,448 to €354
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 | €6,130,985 | €5,916,545 | -€214,440 | -3.5% |
| Fixed assets | 21/28 | €5,803,289 | €5,598,393 | -€204,896 | -3.5% |
| Tangible fixed assets | 22/27 | €5,755,024 | €5,550,128 | -€204,896 | -3.6% |
| Land and buildings | 22 | €5,755,024 | €5,550,128 | -€204,896 | -3.6% |
| Financial fixed assets | 28 | €48,265 | €48,265 | = | 0.0% |
| Current assets | 29/58 | €327,696 | €318,152 | -€9,544 | -2.9% |
| Amounts receivable within one year | 40/41 | €210,479 | €155,550 | -€54,929 | -26.1% |
| Trade receivables | 40 | €210,464 | €152,460 | -€58,004 | -27.6% |
| Other amounts receivable | 41 | €15 | €3,090 | +€3,075 | +20,339% |
| Cash at bank and in hand | 54/58 | €114,965 | €160,299 | +€45,334 | +39.4% |
| Deferred charges and accrued income | 490/1 | €2,252 | €2,302 | +€51 | +2.2% |
| Total equity and liabilities | 10/49 | €6,130,985 | €5,916,545 | -€214,440 | -3.5% |
| Equity | 10/15 | -€109,678 | -€19,617 | +€90,061 | +82.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,678 | -€40,617 | +€90,061 | +68.9% |
| Amounts payable | 17/49 | €6,240,663 | €5,936,162 | -€304,501 | -4.9% |
| Amounts payable after more than one year | 17 | €4,205,278 | €3,936,406 | -€268,872 | -6.4% |
| Financial debts | 170/4 | €4,205,278 | €3,936,406 | -€268,872 | -6.4% |
| Amounts payable within one year | 42/48 | €2,035,385 | €1,999,756 | -€35,629 | -1.8% |
| Trade debts | 44 | €154,765 | €82,492 | -€72,273 | -46.7% |
| Suppliers | 440/4 | €154,765 | €82,492 | -€72,273 | -46.7% |
| Advances received on contracts in progress | 46 | €72,600 | - | -€72,600 | |
| Taxes, remuneration and social security | 45 | €76,277 | €112,271 | +€35,994 | +47.2% |
| Taxes | 450/3 | €76,277 | €112,271 | +€35,994 | +47.2% |
| Other amounts payable | 47/48 | €1,731,744 | €1,804,993 | +€73,250 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,717 | €279,436 | +€6,719 | +2.5% |
| Other operating charges | 640/8 | €6,299 | €6,488 | +€189 | +3.0% |
| Gross operating margin | 9900 | €538,726 | €539,979 | +€1,253 | +0.2% |
| Operating profit (loss) | 9901 | €259,710 | €254,055 | -€5,655 | -2.2% |
| Financial income | 75/76B | €6,448 | €354 | -€6,093 | -94.5% |
| Recurring financial income | 75 | €6,448 | €354 | -€6,093 | -94.5% |
| Financial charges | 65/66B | €236,578 | €164,349 | -€72,230 | -30.5% |
| Recurring financial charges | 65 | €236,578 | €164,349 | -€72,230 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €29,579 | €90,061 | +€60,482 | +204% |
| Profit (loss) for the period | 9904 | €29,579 | €90,061 | +€60,482 | +204% |
| Profit (loss) for the period to be appropriated | 9905 | €29,579 | €90,061 | +€60,482 | +204% |
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 28 October 2026 via checked.be.