D. F&J Immo: what changed
Two financial 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. F&J Immo
Largest movements
- Tangible fixed assets -€33,605
down €33,605 (-3.5%), from €947,298 to €913,693
- Cash +€20,921
up €20,921 (+667%), from €3,139 to €24,060
mainly Net result for the year (+€62,816) and Depreciation (+€33,605)
- Receivables within one year -€12,024
down €12,024 (-52.2%), from €23,024 to €11,000
- Reserves +€62,816
up €62,816 (+9.5%), from €663,450 to €726,266
- Debts after one year -€55,399
down €55,399 (-91.5%), from €60,527 to €5,128
- Short-term financial debts -€25,000
down €25,000 (-31.3%), from €80,000 to €55,000
- Current portion of long-term debt -€23,687
down €23,687 (-81.4%), from €29,086 to €5,399
- Gross operating margin +€2,763
up €2,763 (+2.1%), from €131,353 to €134,116
- Financial charges -€2,537
down €2,537 (-26.3%), from €9,642 to €7,105
- Taxes +€1,662
up €1,662 (+6.0%), from €27,805 to €29,467
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.
Derived cash bridge
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 | €973,461 | €948,753 | -€24,708 | -2.5% |
| Fixed assets | 21/28 | €947,298 | €913,693 | -€33,605 | -3.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €947,298 | €913,693 | -€33,605 | -3.5% |
| Land and buildings | 22 | €947,298 | €913,693 | -€33,605 | -3.5% |
| Current assets | 29/58 | €26,163 | €35,060 | +€8,897 | +34.0% |
| Amounts receivable within one year | 40/41 | €23,024 | €11,000 | -€12,024 | -52.2% |
| Trade receivables | 40 | €23,024 | €11,000 | -€12,024 | -52.2% |
| Cash at bank and in hand | 54/58 | €3,139 | €24,060 | +€20,921 | +667% |
| Total equity and liabilities | 10/49 | €973,461 | €948,753 | -€24,708 | -2.5% |
| Equity | 10/15 | €800,950 | €863,766 | +€62,816 | +7.8% |
| Contributions | 10/11 | €137,500 | €137,500 | = | 0.0% |
| Reserves | 13 | €663,450 | €726,266 | +€62,816 | +9.5% |
| Distributable reserves | 133 | €663,450 | €726,266 | +€62,816 | +9.5% |
| Amounts payable | 17/49 | €172,510 | €84,986 | -€87,524 | -50.7% |
| Amounts payable after more than one year | 17 | €60,527 | €5,128 | -€55,399 | -91.5% |
| Financial debts | 170/4 | €60,527 | €5,128 | -€55,399 | -91.5% |
| Amounts payable within one year | 42/48 | €111,983 | €74,649 | -€37,334 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €29,086 | €5,399 | -€23,687 | -81.4% |
| Financial debts | 43 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Credit institutions | 430/8 | €80,000 | €55,000 | -€25,000 | -31.3% |
| Trade debts | 44 | - | €1,638 | +€1,638 | |
| Suppliers | 440/4 | - | €1,638 | +€1,638 | |
| Taxes, remuneration and social security | 45 | €2,897 | €12,272 | +€9,375 | +324% |
| Taxes | 450/3 | €2,897 | €12,272 | +€9,375 | +324% |
| Other amounts payable | 47/48 | - | €341 | +€341 | |
| Accrued charges and deferred income | 492/3 | - | €5,209 | +€5,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,646 | €33,605 | -€41 | -0.1% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Gross operating margin | 9900 | €131,353 | €134,116 | +€2,763 | +2.1% |
| Operating profit (loss) | 9901 | €96,614 | €99,384 | +€2,771 | +2.9% |
| Financial income | 75/76B | €4 | €4 | = | 0.0% |
| Recurring financial income | 75 | €4 | €4 | = | 0.0% |
| Financial charges | 65/66B | €9,642 | €7,105 | -€2,537 | -26.3% |
| Recurring financial charges | 65 | €9,642 | €7,105 | -€2,537 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €86,975 | €92,283 | +€5,308 | +6.1% |
| Income taxes | 67/77 | €27,805 | €29,467 | +€1,662 | +6.0% |
| Profit (loss) for the period | 9904 | €59,170 | €62,816 | +€3,646 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,170 | €62,816 | +€3,646 | +6.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.