IMMO DESMET-DECEUNINCK: 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 DESMET-DECEUNINCK
Largest movements
- Current investments -€365,973
down €365,973 (-19.7%), from €1.9m to €1.5m
- Cash +€34,647
up €34,647 (+216%), from €16,009 to €50,657
mainly Current investments (+€365,973) and Depreciation (+€18,496)
- Contributions -€256,923
down €256,923 (-28.8%), from €891,262 to €634,338
- Profit (loss) carried forward -€132,967
down €132,967 (-31.8%), from €418,619 to €285,652
- Financial income -€23,893
down €23,893 (-36.8%), from €64,956 to €41,063
- Gross operating margin +€6,332
up €6,332 (+34.0%), from €18,599 to €24,931
- Financial charges +€5,300
up €5,300 (+23.1%), from €22,949 to €28,249
- Taxes -€829
down €829 (-18.3%), from €4,523 to €3,694
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 | €2,123,009 | €1,754,918 | -€368,091 | -17.3% |
| Fixed assets | 21/28 | €221,939 | €203,443 | -€18,496 | -8.3% |
| Tangible fixed assets | 22/27 | €221,939 | €203,443 | -€18,496 | -8.3% |
| Land and buildings | 22 | €221,939 | €203,443 | -€18,496 | -8.3% |
| Current assets | 29/58 | €1,901,070 | €1,551,475 | -€349,595 | -18.4% |
| Amounts receivable within one year | 40/41 | €13,739 | €8,400 | -€5,339 | -38.9% |
| Trade receivables | 40 | €239 | €0 | -€239 | -100% |
| Other amounts receivable | 41 | €13,500 | €8,400 | -€5,100 | -37.8% |
| Current investments | 50/53 | €1,856,690 | €1,490,718 | -€365,973 | -19.7% |
| Cash at bank and in hand | 54/58 | €16,009 | €50,657 | +€34,647 | +216% |
| Deferred charges and accrued income | 490/1 | €14,631 | €1,700 | -€12,931 | -88.4% |
| Total equity and liabilities | 10/49 | €2,123,009 | €1,754,918 | -€368,091 | -17.3% |
| Equity | 10/15 | €1,396,461 | €1,014,711 | -€381,750 | -27.3% |
| Contributions | 10/11 | €891,262 | €634,338 | -€256,923 | -28.8% |
| Reserves | 13 | €86,580 | €94,721 | +€8,140 | +9.4% |
| Distributable reserves | 133 | €86,580 | €94,721 | +€8,140 | +9.4% |
| Profit (loss) carried forward | 14 | €418,619 | €285,652 | -€132,967 | -31.8% |
| Amounts payable | 17/49 | €726,548 | €740,206 | +€13,659 | +1.9% |
| Amounts payable within one year | 42/48 | €722,143 | €739,696 | +€17,553 | +2.4% |
| Trade debts | 44 | €1,333 | €1,126 | -€206 | -15.5% |
| Suppliers | 440/4 | €1,333 | €1,126 | -€206 | -15.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €720,811 | €738,570 | +€17,759 | +2.5% |
| Accrued charges and deferred income | 492/3 | €4,404 | €510 | -€3,894 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,496 | €18,496 | = | 0.0% |
| Other operating charges | 640/8 | €7,188 | €7,415 | +€227 | +3.2% |
| Gross operating margin | 9900 | €18,599 | €24,931 | +€6,332 | +34.0% |
| Operating profit (loss) | 9901 | -€7,085 | -€980 | +€6,105 | +86.2% |
| Financial income | 75/76B | €64,956 | €41,063 | -€23,893 | -36.8% |
| Recurring financial income | 75 | €64,956 | €41,063 | -€23,893 | -36.8% |
| Financial charges | 65/66B | €22,949 | €28,249 | +€5,300 | +23.1% |
| Recurring financial charges | 65 | €22,949 | €28,249 | +€5,300 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €34,922 | €11,835 | -€23,088 | -66.1% |
| Income taxes | 67/77 | €4,523 | €3,694 | -€829 | -18.3% |
| Profit (loss) for the period | 9904 | €30,399 | €8,140 | -€22,259 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,399 | €8,140 | -€22,259 | -73.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.