IMMOBILIEN DEMAN: what changed
IMMOBILIEN DEMAN
Largest movements
- Tangible fixed assets +€44,023
up €44,023 (+9.3%), from €471,192 to €515,215
of which Furniture and vehicles: +€42,638
- Cash -€11,950
down €11,950 (-24.9%), from €47,939 to €35,988
mainly Investment in fixed assets (net) (-€65,436) and Tax, wage and social debts (-€36,359)
- Receivables within one year +€10,329
up €10,329 (+321%), from €3,221 to €13,550
of which Other amounts receivable: +€10,929
- Other debts +€55,391
up €55,391 (+29.2%), from €189,606 to €244,997
- Tax, wage and social debts -€36,359
down €36,359 (-98.9%), from €36,772 to €413
- Reserves +€25,405
up €25,405 (+30.6%), from €82,922 to €108,327
of which Distributable reserves: +€25,405
- Profit (loss) carried forward +€9,126
up €9,126, from -€9,126 to €0
- Accrued charges and deferred income -€6,260
down €6,260 (-28.9%), from €21,626 to €15,365
- Gross operating margin +€50,631
up €50,631 (+134%), from €37,748 to €88,380
- Financial charges -€6,531
down €6,531 (-30.0%), from €21,784 to €15,252
- Taxes +€4,567
up €4,567 (+65.5%), from €6,973 to €11,540
- Other operating charges -€3,332
down €3,332 (-36.9%), from €9,038 to €5,706
- Depreciation +€3,129
up €3,129 (+17.1%), from €18,285 to €21,413
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €541,296 | €583,279 | +€41,982 | +7.8% |
| Fixed assets | 21/28 | €471,192 | €515,215 | +€44,023 | +9.3% |
| Tangible fixed assets | 22/27 | €471,192 | €515,215 | +€44,023 | +9.3% |
| Land and buildings | 22 | €396,159 | €396,159 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,384 | +€1,384 | |
| Furniture and vehicles | 24 | €75,033 | €117,672 | +€42,638 | +56.8% |
| Current assets | 29/58 | €70,104 | €68,064 | -€2,040 | -2.9% |
| Amounts receivable within one year | 40/41 | €3,221 | €13,550 | +€10,329 | +321% |
| Trade receivables | 40 | €960 | €360 | -€600 | -62.5% |
| Other amounts receivable | 41 | €2,261 | €13,190 | +€10,929 | +483% |
| Current investments | 50/53 | €14,834 | €14,834 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,939 | €35,988 | -€11,950 | -24.9% |
| Deferred charges and accrued income | 490/1 | €4,110 | €3,691 | -€419 | -10.2% |
| Total equity and liabilities | 10/49 | €541,296 | €583,279 | +€41,982 | +7.8% |
| Equity | 10/15 | €282,027 | €316,558 | +€34,531 | +12.2% |
| Contributions | 10/11 | €208,231 | €208,231 | = | 0.0% |
| Reserves | 13 | €82,922 | €108,327 | +€25,405 | +30.6% |
| Non-distributable reserves | 130/1 | €20,823 | €20,823 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,823 | €20,823 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,200 | €7,200 | = | 0.0% |
| Distributable reserves | 133 | €54,899 | €80,304 | +€25,405 | +46.3% |
| Profit (loss) carried forward | 14 | -€9,126 | €0 | +€9,126 | |
| Amounts payable | 17/49 | €259,270 | €266,721 | +€7,451 | +2.9% |
| Amounts payable within one year | 42/48 | €237,644 | €251,355 | +€13,711 | +5.8% |
| Trade debts | 44 | €11,266 | €5,946 | -€5,320 | -47.2% |
| Suppliers | 440/4 | €11,266 | €5,946 | -€5,320 | -47.2% |
| Taxes, remuneration and social security | 45 | €36,772 | €413 | -€36,359 | -98.9% |
| Taxes | 450/3 | €36,772 | €413 | -€36,359 | -98.9% |
| Other amounts payable | 47/48 | €189,606 | €244,997 | +€55,391 | +29.2% |
| Accrued charges and deferred income | 492/3 | €21,626 | €15,365 | -€6,260 | -28.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,285 | €21,413 | +€3,129 | +17.1% |
| Other operating charges | 640/8 | €9,038 | €5,706 | -€3,332 | -36.9% |
| Gross operating margin | 9900 | €37,748 | €88,380 | +€50,631 | +134% |
| Operating profit (loss) | 9901 | €10,425 | €61,260 | +€50,835 | +488% |
| Financial income | 75/76B | €4 | €63 | +€59 | +1,483% |
| Recurring financial income | 75 | €4 | €63 | +€59 | +1,483% |
| Financial charges | 65/66B | €21,784 | €15,252 | -€6,531 | -30.0% |
| Recurring financial charges | 65 | €21,784 | €15,252 | -€6,531 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,354 | €46,071 | +€57,425 | |
| Income taxes | 67/77 | €6,973 | €11,540 | +€4,567 | +65.5% |
| Profit (loss) for the period | 9904 | -€18,328 | €34,531 | +€52,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,328 | €34,531 | +€52,859 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.