D & D 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.
What changed
D & D Immo
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€450,015
2024 · -€51,961+€501,976
Equity
€743,356
2024 · €293,341+€450,015
Cash
€5,901
2024 · €6,309-€408
Balance sheet total
€1.4m
2024 · €1.2m+€124,981
Largest movements
Assets
- Receivables within one year +€347,203
up €347,203 (+1270.4%), from €27,331 to €374,535
of which Other amounts receivable: +€374,366
- Tangible fixed assets -€221,814
down €221,814 (-25.5%), from €869,259 to €647,445
of which Land and buildings: -€206,629
Equity and liabilities
- Reserves +€556,502
new in 2025: €556,502
- Other debts -€367,177
down €367,177 (-79.0%), from €464,832 to €97,656
- Provisions +€185,501
new in 2025: €185,501
- Profit (loss) carried forward -€106,487
down €106,487 (-30.3%), from -€351,698 to -€458,185
- Debts after one year -€82,200
down €82,200 (-27.5%), from €298,982 to €216,781
Income statement
- Gross operating margin +€662,392
up €662,392 (+1207.7%), from €54,849 to €717,240
- Depreciation -€22,206
down €22,206 (-29.8%), from €74,442 to €52,236
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.
Result 2024
-€51,961
Gross operating margin
+€662,392
Depreciation
+€22,206
Other operating charges
+€1,961
Financial income
+€0
Financial charges
+€1,091
Taxes
-€173
Deferred taxes and other
-€185,501
Result 2025
€450,015
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.
From operations
-€42,281
Investment
+€169,578
Financing
-€127,706
Cash 2024
€6,309
From operations (derived)
-€42,281
Net result for the year
+€450,015
Depreciation
+€52,236
Receivables within one year
-€347,203
Provisions
+€185,501
Trade debts
-€25,148
Tax, wage and social debts
+€898
Other debts
-€367,177
Accrued charges and deferred income
+€8,598
Investment (derived)
+€169,578
Investment in fixed assets (net)
+€169,578
Financing
-€127,706
Debts after one year
-€82,200
Current portion of long-term debt
-€15,506
Short-term financial debts
-€30,000
Cash 2025
€5,901
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,243,695 | €1,368,675 | +€124,981 | +10.0% |
| Fixed assets | 21/28 | €1,210,054 | €988,240 | -€221,814 | -18.3% |
| Tangible fixed assets | 22/27 | €869,259 | €647,445 | -€221,814 | -25.5% |
| Land and buildings | 22 | €827,641 | €621,012 | -€206,629 | -25.0% |
| Plant, machinery and equipment | 23 | €144 | - | -€144 | |
| Furniture and vehicles | 24 | €41,474 | €26,432 | -€15,041 | -36.3% |
| Financial fixed assets | 28 | €340,796 | €340,796 | = | 0.0% |
| Current assets | 29/58 | €33,640 | €380,435 | +€346,795 | +1030.9% |
| Amounts receivable within one year | 40/41 | €27,331 | €374,535 | +€347,203 | +1270.4% |
| Trade receivables | 40 | €27,163 | - | -€27,163 | |
| Other amounts receivable | 41 | €169 | €374,535 | +€374,366 | +221912.2% |
| Cash at bank and in hand | 54/58 | €6,309 | €5,901 | -€408 | -6.5% |
| Total equity and liabilities | 10/49 | €1,243,695 | €1,368,675 | +€124,981 | +10.0% |
| Equity | 10/15 | €293,341 | €743,356 | +€450,015 | +153.4% |
| Contributions | 10/11 | €645,039 | €645,039 | = | 0.0% |
| Reserves | 13 | - | €556,502 | +€556,502 | |
| Tax-exempt reserves | 132 | - | €556,502 | +€556,502 | |
| Profit (loss) carried forward | 14 | -€351,698 | -€458,185 | -€106,487 | -30.3% |
| Provisions and deferred taxes | 16 | - | €185,501 | +€185,501 | |
| Deferred taxes | 168 | - | €185,501 | +€185,501 | |
| Amounts payable | 17/49 | €950,354 | €439,819 | -€510,535 | -53.7% |
| Amounts payable after more than one year | 17 | €298,982 | €216,781 | -€82,200 | -27.5% |
| Financial debts | 170/4 | €298,982 | €216,781 | -€82,200 | -27.5% |
| Amounts payable within one year | 42/48 | €651,372 | €214,439 | -€436,933 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | €97,706 | €82,200 | -€15,506 | -15.9% |
| Financial debts | 43 | €30,000 | - | -€30,000 | |
| Credit institutions | 430/8 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €36,865 | €11,717 | -€25,148 | -68.2% |
| Suppliers | 440/4 | €36,865 | €11,717 | -€25,148 | -68.2% |
| Advances received on contracts in progress | 46 | €18,803 | €18,803 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,166 | €4,063 | +€898 | +28.4% |
| Taxes | 450/3 | €3,166 | €1,563 | -€1,602 | -50.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €464,832 | €97,656 | -€367,177 | -79.0% |
| Accrued charges and deferred income | 492/3 | - | €8,598 | +€8,598 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,442 | €52,236 | -€22,206 | -29.8% |
| Other operating charges | 640/8 | €13,753 | €11,792 | -€1,961 | -14.3% |
| Gross operating margin | 9900 | €54,849 | €717,240 | +€662,392 | +1207.7% |
| Operating profit (loss) | 9901 | -€33,346 | €653,213 | +€686,559 | |
| Financial income | 75/76B | €5 | €5 | +€0 | +4.5% |
| Recurring financial income | 75 | €5 | €5 | +€0 | +4.5% |
| Financial charges | 65/66B | €18,163 | €17,073 | -€1,091 | -6.0% |
| Recurring financial charges | 65 | €18,163 | €17,073 | -€1,091 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€51,504 | €636,146 | +€687,650 | |
| Transfer to deferred taxes | 680 | - | €185,501 | +€185,501 | |
| Income taxes | 67/77 | €457 | €630 | +€173 | +37.8% |
| Profit (loss) for the period | 9904 | -€51,961 | €450,015 | +€501,976 | |
| Transfer to tax-exempt reserves | 689 | - | €556,502 | +€556,502 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,961 | -€106,487 | -€54,526 | -104.9% |
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 2 October 2026 via checked.be.