D&A IMMO: what changed
Two fiscal 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.
D&A IMMO
Largest movements
- Current investments +€2.2m
new in 2025: €2.2m
- Financial fixed assets -€615,000
down €615,000 (-45.1%), from €1.4m to €750,000
- Reserves +€1.4m
up €1.4m (+112.4%), from €1.3m to €2.7m
of which Distributable reserves: +€1.4m
- Tax, wage and social debts +€106,019
new in 2025: €106,019
- Financial income +€1.7m
new in 2025: €1.7m
of which Non-recurring financial income: +€1.5m
- Taxes +€143,374
new in 2025: €143,374
- Gross operating margin -€62,024
down €62,024 (-265.2%), from -€23,384 to -€85,408
- Financial charges +€3,995
up €3,995, from €0 to €3,995
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.
Cash bridge derived
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 | €1,388,691 | €2,944,785 | +€1.6m | +112.1% |
| Fixed assets | 21/28 | €1,388,691 | €773,691 | -€615,000 | -44.3% |
| Tangible fixed assets | 22/27 | €23,691 | €23,691 | = | 0.0% |
| Land and buildings | 22 | €23,691 | €23,691 | = | 0.0% |
| Financial fixed assets | 28 | €1,365,000 | €750,000 | -€615,000 | -45.1% |
| Current assets | 29/58 | €0 | €2,171,094 | +€2.2m | +638556994.1% |
| Current investments | 50/53 | - | €2,155,199 | +€2.2m | |
| Cash at bank and in hand | 54/58 | €0 | €15,895 | +€15,895 | +4674920.6% |
| Total equity and liabilities | 10/49 | €1,388,691 | €2,944,785 | +€1.6m | +112.1% |
| Equity | 10/15 | €1,308,549 | €2,742,291 | +€1.4m | +109.6% |
| Contributions | 10/11 | €33,543 | €33,543 | = | 0.0% |
| Reserves | 13 | €1,275,006 | €2,708,749 | +€1.4m | +112.4% |
| Tax-exempt reserves | 132 | €532,044 | €532,044 | = | 0.0% |
| Distributable reserves | 133 | €742,962 | €2,176,705 | +€1.4m | +193.0% |
| Amounts payable | 17/49 | €80,143 | €202,494 | +€122,351 | +152.7% |
| Amounts payable within one year | 42/48 | €80,143 | €202,494 | +€122,351 | +152.7% |
| Trade debts | 44 | €0 | €986 | +€986 | |
| Suppliers | 440/4 | €0 | €986 | +€986 | |
| Taxes, remuneration and social security | 45 | - | €106,019 | +€106,019 | |
| Taxes | 450/3 | - | €106,019 | +€106,019 | |
| Other amounts payable | 47/48 | €80,143 | €95,489 | +€15,346 | +19.1% |
| Other operating charges | 640/8 | €994 | €1,026 | +€32 | +3.2% |
| Gross operating margin | 9900 | -€23,384 | -€85,408 | -€62,024 | -265.2% |
| Operating profit (loss) | 9901 | -€24,378 | -€86,434 | -€62,056 | -254.6% |
| Financial income | 75/76B | - | €1,667,546 | +€1.7m | |
| Recurring financial income | 75 | - | €124,518 | +€124,518 | |
| Non-recurring financial income | 76B | - | €1,543,028 | +€1.5m | |
| Financial charges | 65/66B | €0 | €3,995 | +€3,995 | |
| Recurring financial charges | 65 | €0 | €3,995 | +€3,995 | |
| Profit (loss) for the period before taxes | 9903 | -€24,378 | €1,577,117 | +€1.6m | |
| Income taxes | 67/77 | - | €143,374 | +€143,374 | |
| Profit (loss) for the period | 9904 | -€24,378 | €1,433,742 | +€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,378 | €1,433,742 | +€1.5m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.