D.G. 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.G. IMMO
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-40.7%), from €2.7m to €1.6m
of which Other amounts receivable: -€691,400
- Tangible fixed assets -€415,692
down €415,692 (-21.9%), from €1.9m to €1.5m
of which Land and buildings: -€414,914
- Short-term financial debts -€902,706
down €902,706 (-43.0%), from €2.1m to €1.2m
- Trade debts -€802,468
down €802,468 (-79.9%), from €1.0m to €202,333
- Profit (loss) carried forward +€112,505
up €112,505 (+42.2%), from €266,642 to €379,146
- Tax, wage and social debts +€52,858
up €52,858 (+953.9%), from €5,541 to €58,399
- Gross operating margin +€147,142
up €147,142 (+90.9%), from €161,937 to €309,079
- Financial charges -€55,067
down €55,067 (-44.0%), from €125,072 to €70,004
- Taxes +€46,776
up €46,776, from -€44 to €46,732
- Financial income -€22,739
down €22,739 (-100.0%), from €22,740 to €0
- Other operating charges +€17,882
up €17,882 (+41.9%), from €42,711 to €60,594
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 | €4,735,673 | €3,209,009 | -€1.5m | -32.2% |
| Fixed assets | 21/28 | €1,902,108 | €1,486,416 | -€415,692 | -21.9% |
| Tangible fixed assets | 22/27 | €1,902,108 | €1,486,416 | -€415,692 | -21.9% |
| Land and buildings | 22 | €1,900,748 | €1,485,833 | -€414,914 | -21.8% |
| Furniture and vehicles | 24 | €1,360 | €583 | -€777 | -57.1% |
| Current assets | 29/58 | €2,833,565 | €1,722,593 | -€1.1m | -39.2% |
| Amounts receivable within one year | 40/41 | €2,673,278 | €1,586,152 | -€1.1m | -40.7% |
| Trade receivables | 40 | €410,357 | €14,631 | -€395,726 | -96.4% |
| Other amounts receivable | 41 | €2,262,921 | €1,571,521 | -€691,400 | -30.6% |
| Cash at bank and in hand | 54/58 | €150,186 | €136,441 | -€13,745 | -9.2% |
| Deferred charges and accrued income | 490/1 | €10,101 | - | -€10,101 | |
| Total equity and liabilities | 10/49 | €4,735,673 | €3,209,009 | -€1.5m | -32.2% |
| Equity | 10/15 | €1,036,535 | €1,151,132 | +€114,597 | +11.1% |
| Contributions | 10/11 | €600,416 | €600,416 | = | 0.0% |
| Capital | 10 | €595,000 | €595,000 | = | 0.0% |
| Issued capital | 100 | €595,000 | €595,000 | = | 0.0% |
| Outside capital | 11 | €5,416 | €5,416 | = | 0.0% |
| Share premium | 1100/10 | €5,416 | €5,416 | = | 0.0% |
| Reserves | 13 | €169,477 | €171,569 | +€2,093 | +1.2% |
| Non-distributable reserves | 130/1 | €26,750 | €35,000 | +€8,250 | +30.8% |
| Legal reserve | 130 | €26,750 | €35,000 | +€8,250 | +30.8% |
| Tax-exempt reserves | 132 | €142,727 | €136,569 | -€6,157 | -4.3% |
| Profit (loss) carried forward | 14 | €266,642 | €379,146 | +€112,505 | +42.2% |
| Provisions and deferred taxes | 16 | €70,298 | €67,265 | -€3,033 | -4.3% |
| Deferred taxes | 168 | €70,298 | €67,265 | -€3,033 | -4.3% |
| Amounts payable | 17/49 | €3,628,840 | €1,990,612 | -€1.6m | -45.1% |
| Amounts payable within one year | 42/48 | €3,628,840 | €1,990,612 | -€1.6m | -45.1% |
| Financial debts | 43 | €2,099,935 | €1,197,229 | -€902,706 | -43.0% |
| Credit institutions | 430/8 | €2,099,935 | €1,197,229 | -€902,706 | -43.0% |
| Trade debts | 44 | €1,004,801 | €202,333 | -€802,468 | -79.9% |
| Suppliers | 440/4 | €1,004,801 | €202,333 | -€802,468 | -79.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €5,541 | €58,399 | +€52,858 | +953.9% |
| Taxes | 450/3 | €5,541 | €58,399 | +€52,858 | +953.9% |
| Other amounts payable | 47/48 | €518,562 | €532,650 | +€14,087 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,121 | €20,185 | -€1,936 | -8.8% |
| Other operating charges | 640/8 | €42,711 | €60,594 | +€17,882 | +41.9% |
| Gross operating margin | 9900 | €161,937 | €309,079 | +€147,142 | +90.9% |
| Operating profit (loss) | 9901 | €97,105 | €228,300 | +€131,196 | +135.1% |
| Financial income | 75/76B | €22,740 | €0 | -€22,739 | -100.0% |
| Recurring financial income | 75 | €22,740 | €0 | -€22,739 | -100.0% |
| Financial charges | 65/66B | €125,072 | €70,004 | -€55,067 | -44.0% |
| Recurring financial charges | 65 | €125,072 | €70,004 | -€55,067 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,228 | €158,296 | +€163,524 | |
| Transfer from deferred taxes | 780 | €3,033 | €3,033 | = | 0.0% |
| Income taxes | 67/77 | -€44 | €46,732 | +€46,776 | |
| Profit (loss) for the period | 9904 | -€2,151 | €114,597 | +€116,748 | |
| Transfer from tax-exempt reserves | 789 | €6,157 | €6,157 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,006 | €120,755 | +€116,748 | +2914.1% |
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 4 October 2026 via checked.be.