D.C. 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.C. IMMO
Largest movements
- Tangible fixed assets +€365,188
up €365,188 (+92.6%), from €394,390 to €759,579
of which Land and buildings: +€366,018
- Receivables within one year -€81,251
down €81,251 (-80.1%), from €101,442 to €20,191
of which Other amounts receivable: -€79,034
- Debts after one year +€165,483
up €165,483 (+59.2%), from €279,388 to €444,870
- Other debts +€164,857
up €164,857 (+11369.5%), from €1,450 to €166,307
- Profit (loss) carried forward -€30,482
down €30,482, from €3,787 to -€26,696
- Short-term financial debts -€9,705
no longer reported in 2025 (was €9,705)
- Current portion of long-term debt +€9,616
up €9,616 (+38.6%), from €24,901 to €34,517
- Depreciation +€45,993
up €45,993 (+139.6%), from €32,939 to €78,933
- Gross operating margin -€11,620
down €11,620 (-15.2%), from €76,506 to €64,885
- Financial income -€3,454
no longer reported in 2025 (was €3,454)
- Taxes -€1,730
down €1,730 (-82.8%), from €2,088 to €359
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 | €496,036 | €781,461 | +€285,424 | +57.5% |
| Fixed assets | 21/28 | €394,594 | €760,837 | +€366,243 | +92.8% |
| Intangible fixed assets | 21 | - | €1,055 | +€1,055 | |
| Tangible fixed assets | 22/27 | €394,390 | €759,579 | +€365,188 | +92.6% |
| Land and buildings | 22 | €392,144 | €758,162 | +€366,018 | +93.3% |
| Plant, machinery and equipment | 23 | €2,246 | €1,416 | -€830 | -36.9% |
| Financial fixed assets | 28 | €203 | €203 | = | 0.0% |
| Current assets | 29/58 | €101,443 | €20,624 | -€80,819 | -79.7% |
| Amounts receivable within one year | 40/41 | €101,442 | €20,191 | -€81,251 | -80.1% |
| Trade receivables | 40 | €4,299 | €2,082 | -€2,217 | -51.6% |
| Other amounts receivable | 41 | €97,142 | €18,108 | -€79,034 | -81.4% |
| Cash at bank and in hand | 54/58 | €1 | €365 | +€364 | +36351.0% |
| Deferred charges and accrued income | 490/1 | - | €69 | +€69 | |
| Total equity and liabilities | 10/49 | €496,036 | €781,461 | +€285,424 | +57.5% |
| Equity | 10/15 | €138,491 | €100,546 | -€37,945 | -27.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €114,704 | €107,242 | -€7,463 | -6.5% |
| Non-distributable reserves | 130/1 | €6,977 | €6,977 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,977 | €6,977 | = | 0.0% |
| Tax-exempt reserves | 132 | €107,727 | €100,265 | -€7,463 | -6.9% |
| Profit (loss) carried forward | 14 | €3,787 | -€26,696 | -€30,482 | |
| Provisions and deferred taxes | 16 | €26,932 | €25,066 | -€1,866 | -6.9% |
| Deferred taxes | 168 | €26,932 | €25,066 | -€1,866 | -6.9% |
| Amounts payable | 17/49 | €330,613 | €655,849 | +€325,235 | +98.4% |
| Amounts payable after more than one year | 17 | €279,388 | €444,870 | +€165,483 | +59.2% |
| Financial debts | 170/4 | €279,388 | €444,870 | +€165,483 | +59.2% |
| Amounts payable within one year | 42/48 | €51,226 | €210,978 | +€159,753 | +311.9% |
| Current portion of amounts payable after more than one year | 42 | €24,901 | €34,517 | +€9,616 | +38.6% |
| Financial debts | 43 | €9,705 | - | -€9,705 | |
| Credit institutions | 430/8 | €9,705 | - | -€9,705 | |
| Trade debts | 44 | €9,840 | €4,602 | -€5,238 | -53.2% |
| Suppliers | 440/4 | €9,840 | €4,602 | -€5,238 | -53.2% |
| Taxes, remuneration and social security | 45 | €5,330 | €5,552 | +€222 | +4.2% |
| Taxes | 450/3 | €5,330 | €5,552 | +€222 | +4.2% |
| Other amounts payable | 47/48 | €1,450 | €166,307 | +€164,857 | +11369.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,939 | €78,933 | +€45,993 | +139.6% |
| Other operating charges | 640/8 | €14,482 | €13,924 | -€558 | -3.9% |
| Gross operating margin | 9900 | €76,506 | €64,885 | -€11,620 | -15.2% |
| Operating profit (loss) | 9901 | €29,085 | -€27,971 | -€57,056 | |
| Financial income | 75/76B | €3,454 | - | -€3,454 | |
| Recurring financial income | 75 | €3,454 | - | -€3,454 | |
| Financial charges | 65/66B | €11,214 | €11,481 | +€267 | +2.4% |
| Recurring financial charges | 65 | €11,214 | €11,481 | +€267 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €21,325 | -€39,452 | -€60,777 | |
| Transfer from deferred taxes | 780 | €1,866 | €1,866 | = | 0.0% |
| Income taxes | 67/77 | €2,088 | €359 | -€1,730 | -82.8% |
| Profit (loss) for the period | 9904 | €21,102 | -€37,945 | -€59,047 | |
| Transfer from tax-exempt reserves | 789 | €7,463 | €7,463 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,565 | -€30,482 | -€59,047 |
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.