IMMOBILIERE DEMETER: what changed
What changed
IMMOBILIERE DEMETER
filed annual accounts (NBB)
Net result for the year
€10,609
2024 · €14,909-€4,299
Equity
€565,767
2024 · €563,158+€2,609
Cash
€686,122
2024 · €11,682+€674,440
Balance sheet total
€889,256
2024 · €881,445+€7,811
Largest movements
Assets
- Cash +€674,440
up €674,440 (+5,773%), from €11,682 to €686,122
mainly Current investments (+€655,276) and Depreciation (+€11,216)
- Current investments -€655,276
no longer reported in 2025 (was €655,276)
- Tangible fixed assets -€10,667
down €10,667 (-5.1%), from €209,215 to €198,548
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€3,741
down €3,741 (-20.9%), from €17,895 to €14,154
- Gross operating margin +€1,624
up €1,624 (+17.2%), from €9,448 to €11,073
- Taxes +€1,376
up €1,376 (+59.8%), from €2,300 to €3,676
- Other operating charges +€653
up €653 (+38.2%), from €1,709 to €2,362
- Financial charges +€132
up €132 (+434%), from €30 to €163
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.
Result 2024
€14,909
Gross operating margin
+€1,624
Depreciation
-€22
Other operating charges
-€653
Financial income
-€3,741
Financial charges
-€132
Taxes
-€1,376
Result 2025
€10,609
raises the resultlowers the result
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.
From operations
+€27,717
Investment
+€654,723
Financing
-€8,000
Cash 2024
€11,682
From operations (derived)
+€27,717
Net result for the year
+€10,609
Depreciation
+€11,216
Smaller working-capital items
+€1,210
Provisions
-€2,799
Other debts
+€7,480
Investment (derived)
+€654,723
Investment in fixed assets (net)
-€553
Current investments
+€655,276
Financing
-€8,000
Contributions, distributions and other
-€8,000
Cash 2025
€686,122
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,445 | €889,256 | +€7,811 | +0.9% |
| Fixed assets | 21/28 | €210,046 | €199,383 | -€10,663 | -5.1% |
| Tangible fixed assets | 22/27 | €209,215 | €198,548 | -€10,667 | -5.1% |
| Land and buildings | 22 | €209,215 | €198,548 | -€10,667 | -5.1% |
| Financial fixed assets | 28 | €832 | €836 | +€4 | +0.5% |
| Current assets | 29/58 | €671,399 | €689,873 | +€18,474 | +2.8% |
| Amounts receivable within one year | 40/41 | €3,185 | €3,694 | +€509 | +16.0% |
| Trade receivables | 40 | €44 | €55 | +€11 | +24.6% |
| Other amounts receivable | 41 | €3,141 | €3,639 | +€498 | +15.9% |
| Current investments | 50/53 | €655,276 | - | -€655,276 | |
| Cash at bank and in hand | 54/58 | €11,682 | €686,122 | +€674,440 | +5,773% |
| Deferred charges and accrued income | 490/1 | €1,256 | €57 | -€1,199 | -95.5% |
| Total equity and liabilities | 10/49 | €881,445 | €889,256 | +€7,811 | +0.9% |
| Equity | 10/15 | €563,158 | €565,767 | +€2,609 | +0.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €481,916 | €484,521 | +€2,604 | +0.5% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €444,666 | €436,271 | -€8,396 | -1.9% |
| Distributable reserves | 133 | €31,000 | €42,000 | +€11,000 | +35.5% |
| Profit (loss) carried forward | 14 | €18,741 | €18,746 | +€5 | 0.0% |
| Provisions and deferred taxes | 16 | €148,222 | €145,424 | -€2,799 | -1.9% |
| Deferred taxes | 168 | €148,222 | €145,424 | -€2,799 | -1.9% |
| Amounts payable | 17/49 | €170,066 | €178,066 | +€8,000 | +4.7% |
| Amounts payable within one year | 42/48 | €170,066 | €178,066 | +€8,000 | +4.7% |
| Trade debts | 44 | €66 | €66 | = | 0.0% |
| Suppliers | 440/4 | €66 | €66 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €520 | +€520 | |
| Taxes | 450/3 | - | €520 | +€520 | |
| Other amounts payable | 47/48 | €170,000 | €177,480 | +€7,480 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,194 | €11,216 | +€22 | +0.2% |
| Other operating charges | 640/8 | €1,709 | €2,362 | +€653 | +38.2% |
| Gross operating margin | 9900 | €9,448 | €11,073 | +€1,624 | +17.2% |
| Operating profit (loss) | 9901 | -€3,455 | -€2,505 | +€950 | +27.5% |
| Financial income | 75/76B | €17,895 | €14,154 | -€3,741 | -20.9% |
| Recurring financial income | 75 | €17,895 | €14,154 | -€3,741 | -20.9% |
| Financial charges | 65/66B | €30 | €163 | +€132 | +434% |
| Recurring financial charges | 65 | €30 | €163 | +€132 | +434% |
| Profit (loss) for the period before taxes | 9903 | €14,410 | €11,487 | -€2,924 | -20.3% |
| Transfer from deferred taxes | 780 | €2,799 | €2,799 | = | 0.0% |
| Income taxes | 67/77 | €2,300 | €3,676 | +€1,376 | +59.8% |
| Profit (loss) for the period | 9904 | €14,909 | €10,609 | -€4,299 | -28.8% |
| Transfer from tax-exempt reserves | 789 | €8,396 | €8,396 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,305 | €19,005 | -€4,299 | -18.4% |
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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 8 November 2026 via checked.be.