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
- Tangible fixed assets -€40,110
down €40,110 (-3.6%), from €1.1m to €1.1m
of which Land and buildings: -€38,317
- Cash +€34,002
up €34,002 (+50.0%), from €68,015 to €102,017
mainly Depreciation (+€63,101) and Receivables within one year (+€5,025)
- Profit (loss) carried forward -€11,922
down €11,922 (-8.1%), from €146,896 to €134,974
- Staff costs -€5,259
down €5,259 (-29.6%), from €17,739 to €12,479
- Gross operating margin -€4,012
down €4,012 (-4.8%), from €83,561 to €79,549
- Depreciation +€2,633
up €2,633 (+4.4%), from €60,467 to €63,101
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 | €1,184,672 | €1,173,539 | -€11,133 | -0.9% |
| Fixed assets | 21/28 | €1,108,760 | €1,068,649 | -€40,110 | -3.6% |
| Tangible fixed assets | 22/27 | €1,108,760 | €1,068,649 | -€40,110 | -3.6% |
| Land and buildings | 22 | €1,105,173 | €1,066,856 | -€38,317 | -3.5% |
| Furniture and vehicles | 24 | €3,587 | €1,793 | -€1,793 | -50.0% |
| Current assets | 29/58 | €75,913 | €104,889 | +€28,977 | +38.2% |
| Amounts receivable within one year | 40/41 | €7,897 | €2,872 | -€5,025 | -63.6% |
| Trade receivables | 40 | €2,072 | €2,872 | +€800 | +38.6% |
| Other amounts receivable | 41 | €5,825 | €0 | -€5,825 | -100.0% |
| Cash at bank and in hand | 54/58 | €68,015 | €102,017 | +€34,002 | +50.0% |
| Total equity and liabilities | 10/49 | €1,184,672 | €1,173,539 | -€11,133 | -0.9% |
| Equity | 10/15 | €322,718 | €310,796 | -€11,922 | -3.7% |
| Contributions | 10/11 | €30,920 | €30,920 | = | 0.0% |
| Reserves | 13 | €144,902 | €144,902 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,092 | €3,092 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,092 | €3,092 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,336 | €9,336 | = | 0.0% |
| Distributable reserves | 133 | €132,474 | €132,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,896 | €134,974 | -€11,922 | -8.1% |
| Amounts payable | 17/49 | €861,954 | €862,743 | +€789 | +0.1% |
| Amounts payable after more than one year | 17 | €859,820 | €861,770 | +€1,950 | +0.2% |
| Other amounts payable | 178/9 | €859,820 | €861,770 | +€1,950 | +0.2% |
| Amounts payable within one year | 42/48 | €2,134 | €973 | -€1,161 | -54.4% |
| Trade debts | 44 | €861 | €112 | -€748 | -87.0% |
| Suppliers | 440/4 | €861 | €112 | -€748 | -87.0% |
| Taxes, remuneration and social security | 45 | €1,274 | €861 | -€413 | -32.4% |
| Remuneration and social security | 454/9 | €1,274 | €861 | -€413 | -32.4% |
| Remuneration, social security and pensions | 62 | €17,739 | €12,479 | -€5,259 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,467 | €63,101 | +€2,633 | +4.4% |
| Other operating charges | 640/8 | €9,882 | €10,021 | +€138 | +1.4% |
| Non-recurring operating charges | 66A | €6,918 | €5,825 | -€1,093 | -15.8% |
| Gross operating margin | 9900 | €83,561 | €79,549 | -€4,012 | -4.8% |
| Operating profit (loss) | 9901 | -€11,446 | -€11,877 | -€431 | -3.8% |
| Financial income | 75/76B | €209 | - | -€209 | |
| Recurring financial income | 75 | €209 | - | -€209 | |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,282 | -€11,922 | -€640 | -5.7% |
| Profit (loss) for the period | 9904 | -€11,282 | -€11,922 | -€640 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,282 | -€11,922 | -€640 | -5.7% |
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 3 October 2026 via checked.be.