D 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 IMMO
Largest movements
- Receivables within one year +€37,934
up €37,934 (+3,793%), from €1,000 to €38,934
of which Trade receivables: +€34,917
- Tangible fixed assets -€30,501
down €30,501 (-1.4%), from €2.2m to €2.2m
of which Assets under construction and advance payments: -€295,000
- Debts after one year -€75,743
down €75,743 (-5.3%), from €1.4m to €1.3m
- Other debts +€57,735
up €57,735 (+7.6%), from €756,091 to €813,826
- Trade debts +€25,540
up €25,540 (+400%), from €6,390 to €31,930
- Gross operating margin +€145,020
up €145,020 (+6,503%), from €2,230 to €147,250
- Purchases and services +€40,277
new in 2025: €40,277
- Depreciation +€31,598
up €31,598 (+74.2%), from €42,592 to €74,190
- Financial charges +€9,055
up €9,055 (+15.3%), from €59,204 to €68,259
- Other operating charges +€3,776
up €3,776 (+968%), from €390 to €4,166
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 | €2,231,727 | €2,241,950 | +€10,223 | +0.5% |
| Fixed assets | 21/28 | €2,230,657 | €2,200,156 | -€30,501 | -1.4% |
| Tangible fixed assets | 22/27 | €2,230,657 | €2,200,156 | -€30,501 | -1.4% |
| Land and buildings | 22 | €1,912,996 | €2,149,119 | +€236,123 | +12.3% |
| Plant, machinery and equipment | 23 | - | €32,898 | +€32,898 | |
| Furniture and vehicles | 24 | €22,661 | €18,139 | -€4,522 | -20.0% |
| Assets under construction and advance payments | 27 | €295,000 | - | -€295,000 | |
| Current assets | 29/58 | €1,070 | €41,794 | +€40,724 | +3,806% |
| Amounts receivable within one year | 40/41 | €1,000 | €38,934 | +€37,934 | +3,793% |
| Trade receivables | 40 | - | €34,917 | +€34,917 | |
| Other amounts receivable | 41 | €1,000 | €4,017 | +€3,017 | +302% |
| Cash at bank and in hand | 54/58 | €70 | €2,860 | +€2,790 | +3,986% |
| Total equity and liabilities | 10/49 | €2,231,727 | €2,241,950 | +€10,223 | +0.5% |
| Equity | 10/15 | -€25,853 | -€25,348 | +€505 | +2.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,853 | -€125,348 | +€505 | +0.4% |
| Amounts payable | 17/49 | €2,257,580 | €2,267,298 | +€9,718 | +0.4% |
| Amounts payable after more than one year | 17 | €1,421,542 | €1,345,799 | -€75,743 | -5.3% |
| Financial debts | 170/4 | €1,421,542 | €1,345,799 | -€75,743 | -5.3% |
| Amounts payable within one year | 42/48 | €836,038 | €921,500 | +€85,462 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €72,485 | €75,743 | +€3,258 | +4.5% |
| Trade debts | 44 | €6,390 | €31,930 | +€25,540 | +400% |
| Suppliers | 440/4 | €6,390 | €31,930 | +€25,540 | +400% |
| Taxes, remuneration and social security | 45 | €1,072 | - | -€1,072 | |
| Taxes | 450/3 | €1,072 | - | -€1,072 | |
| Other amounts payable | 47/48 | €756,091 | €813,826 | +€57,735 | +7.6% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €40,277 | +€40,277 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,592 | €74,190 | +€31,598 | +74.2% |
| Other operating charges | 640/8 | €390 | €4,166 | +€3,776 | +968% |
| Non-recurring operating charges | 66A | - | €130 | +€130 | |
| Gross operating margin | 9900 | €2,230 | €147,250 | +€145,020 | +6,503% |
| Operating profit (loss) | 9901 | -€40,752 | €68,764 | +€109,516 | |
| Financial income | 75/76B | €52 | - | -€52 | |
| Recurring financial income | 75 | €52 | - | -€52 | |
| Financial charges | 65/66B | €59,204 | €68,259 | +€9,055 | +15.3% |
| Recurring financial charges | 65 | €59,204 | €68,259 | +€9,055 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | -€99,904 | €504 | +€100,408 | |
| Profit (loss) for the period | 9904 | -€99,904 | €504 | +€100,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,904 | €504 | +€100,408 |
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 25 October 2026 via checked.be.