D.IMMO.D: 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.IMMO.D
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€431,872
2024 · -€5,227+€437,098
Equity
€1.2m
2024 · €785,856+€431,872
Cash
€631,068
2024 · €0+€631,068
Balance sheet total
€3.2m
2024 · €2.8m+€460,516
Largest movements
Assets
- Cash +€631,068
up €631,068, from €0 to €631,068
mainly Net result for the year (+€431,872) and Investment in fixed assets (net) (+€312,238)
- Tangible fixed assets -€430,813
down €430,813 (-16.1%), from €2.7m to €2.2m
of which Land and buildings: -€380,072
- Deferred charges and accrued income +€253,261
new in 2025: €253,261
Equity and liabilities
- Reserves +€420,170
up €420,170 (+117.5%), from €357,617 to €777,787
of which Tax-exempt reserves: +€420,170
- Provisions +€95,559
up €95,559 (+14.9%), from €643,370 to €738,929
of which Deferred taxes: +€105,042
- Short-term financial debts -€72,003
down €72,003 (-100.0%), from €72,003 to €0
Income statement
- Financial income +€554,944
new in 2025: €554,944
of which Financial income: +€554,944
- Gross operating margin -€35,768
down €35,768 (-13.9%), from €256,615 to €220,847
- Depreciation -€30,375
down €30,375 (-20.4%), from €148,951 to €118,575
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
-€5,227
Gross operating margin
-€35,768
Staff costs
-€1,149
Depreciation
+€30,375
Other operating charges
+€941
Financial income
+€554,944
Financial charges
-€2,130
Taxes
+€10
Deferred taxes and other
-€110,125
Result 2025
€431,872
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
+€392,259
Investment
+€312,238
Financing
-€73,429
Cash 2024
€0
From operations (derived)
+€392,259
Net result for the year
+€431,872
Depreciation
+€118,575
Receivables within one year
-€7,000
Deferred charges and accrued income
-€253,261
Provisions
+€95,559
Trade debts
-€9,848
Tax, wage and social debts
+€1,789
Advances received
+€11,095
Other debts
+€3,476
Accrued charges and deferred income
+€1
Investment (derived)
+€312,238
Investment in fixed assets (net)
+€312,238
Financing
-€73,429
Debts after one year
+€11,239
Current portion of long-term debt
-€12,665
Short-term financial debts
-€72,003
Cash 2025
€631,068
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,755,836 | €3,216,351 | +€460,516 | +16.7% |
| Fixed assets | 21/28 | €2,673,646 | €2,242,833 | -€430,813 | -16.1% |
| Tangible fixed assets | 22/27 | €2,673,646 | €2,242,833 | -€430,813 | -16.1% |
| Land and buildings | 22 | €1,991,758 | €1,611,686 | -€380,072 | -19.1% |
| Plant, machinery and equipment | 23 | €93,551 | €51,284 | -€42,267 | -45.2% |
| Furniture and vehicles | 24 | €10,530 | €5,577 | -€4,953 | -47.0% |
| Other tangible fixed assets | 26 | €558,697 | €555,176 | -€3,521 | -0.6% |
| Assets under construction and advance payments | 27 | €19,110 | €19,110 | = | 0.0% |
| Current assets | 29/58 | €82,189 | €973,518 | +€891,329 | +1084.5% |
| Amounts receivable within one year | 40/41 | €82,189 | €89,189 | +€7,000 | +8.5% |
| Trade receivables | 40 | €7,710 | €2,000 | -€5,710 | -74.1% |
| Other amounts receivable | 41 | €74,479 | €87,189 | +€12,710 | +17.1% |
| Cash at bank and in hand | 54/58 | €0 | €631,068 | +€631,068 | |
| Deferred charges and accrued income | 490/1 | - | €253,261 | +€253,261 | |
| Total equity and liabilities | 10/49 | €2,755,836 | €3,216,351 | +€460,516 | +16.7% |
| Equity | 10/15 | €785,856 | €1,217,728 | +€431,872 | +55.0% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Capital | 10 | €800,000 | €800,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Reserves | 13 | €357,617 | €777,787 | +€420,170 | +117.5% |
| Non-distributable reserves | 130/1 | €5,686 | €5,686 | = | 0.0% |
| Legal reserve | 130 | €5,686 | €5,686 | = | 0.0% |
| Tax-exempt reserves | 132 | €351,932 | €772,101 | +€420,170 | +119.4% |
| Profit (loss) carried forward | 14 | -€371,761 | -€360,059 | +€11,702 | +3.1% |
| Provisions and deferred taxes | 16 | €643,370 | €738,929 | +€95,559 | +14.9% |
| Provisions for liabilities and charges | 160/5 | €555,387 | €545,904 | -€9,483 | -1.7% |
| Environmental obligations | 163 | €555,387 | €545,904 | -€9,483 | -1.7% |
| Deferred taxes | 168 | €87,983 | €193,025 | +€105,042 | +119.4% |
| Amounts payable | 17/49 | €1,326,609 | €1,259,694 | -€66,915 | -5.0% |
| Amounts payable after more than one year | 17 | €1,108,576 | €1,119,815 | +€11,239 | +1.0% |
| Financial debts | 170/4 | €1,108,576 | €1,119,815 | +€11,239 | +1.0% |
| Amounts payable within one year | 42/48 | €216,768 | €138,612 | -€78,155 | -36.1% |
| Current portion of amounts payable after more than one year | 42 | €34,487 | €21,822 | -€12,665 | -36.7% |
| Financial debts | 43 | €72,003 | €0 | -€72,003 | -100.0% |
| Credit institutions | 430/8 | €72,003 | €0 | -€72,003 | -100.0% |
| Trade debts | 44 | €28,449 | €18,601 | -€9,848 | -34.6% |
| Suppliers | 440/4 | €28,449 | €18,601 | -€9,848 | -34.6% |
| Advances received on contracts in progress | 46 | €68,027 | €79,122 | +€11,095 | +16.3% |
| Taxes, remuneration and social security | 45 | €9,095 | €10,884 | +€1,789 | +19.7% |
| Taxes | 450/3 | €3,865 | €3,861 | -€5 | -0.1% |
| Remuneration and social security | 454/9 | €5,230 | €7,024 | +€1,794 | +34.3% |
| Other amounts payable | 47/48 | €4,707 | €8,183 | +€3,476 | +73.8% |
| Accrued charges and deferred income | 492/3 | €1,266 | €1,267 | +€1 | +0.1% |
| Remuneration, social security and pensions | 62 | €47,035 | €48,184 | +€1,149 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €148,951 | €118,575 | -€30,375 | -20.4% |
| Other operating charges | 640/8 | €36,504 | €35,563 | -€941 | -2.6% |
| Gross operating margin | 9900 | €256,615 | €220,847 | -€35,768 | -13.9% |
| Operating profit (loss) | 9901 | €24,126 | €18,525 | -€5,600 | -23.2% |
| Financial income | 75/76B | - | €554,944 | +€554,944 | |
| Recurring financial income | 75 | - | €554,944 | +€554,944 | |
| Non-recurring financial income | 76B | - | €554,944 | +€554,944 | |
| Financial charges | 65/66B | €33,849 | €35,979 | +€2,130 | +6.3% |
| Recurring financial charges | 65 | €33,849 | €35,979 | +€2,130 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,724 | €537,490 | +€547,213 | |
| Transfer from deferred taxes | 780 | €5,082 | €5,946 | +€864 | +17.0% |
| Transfer to deferred taxes | 680 | - | €110,989 | +€110,989 | |
| Income taxes | 67/77 | €585 | €576 | -€10 | -1.6% |
| Profit (loss) for the period | 9904 | -€5,227 | €431,872 | +€437,098 | |
| Transfer from tax-exempt reserves | 789 | €20,328 | €23,785 | +€3,457 | +17.0% |
| Transfer to tax-exempt reserves | 689 | - | €443,955 | +€443,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,102 | €11,702 | -€3,400 | -22.5% |
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.