D.K.W. 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.K.W. IMMO
Largest movements
- Tangible fixed assets +€2.8m
up €2.8m (+277%), from €993,500 to €3.7m
- Cash +€1.3m
new in 2025: €1.3m
mainly Other debts (+€1.6m) and Current investments (+€1.0m)
- Current investments -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
- Receivables within one year -€503,487
down €503,487 (-97.4%), from €516,907 to €13,421
of which Other amounts receivable: -€501,934
- Other debts +€1.6m
new in 2025: €1.6m
- Contributions +€930,000
up €930,000 (+13,141%), from €7,077 to €937,077
- Depreciation +€83,003
up €83,003 (+221%), from €37,523 to €120,526
- Gross operating margin +€37,436
up €37,436 (+66.8%), from €56,018 to €93,454
- Financial income -€18,900
down €18,900 (-16.6%), from €114,150 to €95,250
- Taxes -€18,007
down €18,007 (-54.3%), from €33,161 to €15,154
- Other operating charges +€7,560
new in 2025: €7,560
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 | €4,510,407 | €7,034,205 | +€2.5m | +56.0% |
| Fixed assets | 21/28 | €993,500 | €3,744,915 | +€2.8m | +277% |
| Tangible fixed assets | 22/27 | €993,500 | €3,744,915 | +€2.8m | +277% |
| Land and buildings | 22 | €993,500 | €3,744,915 | +€2.8m | +277% |
| Current assets | 29/58 | €3,516,907 | €3,289,291 | -€227,617 | -6.5% |
| Amounts receivable within one year | 40/41 | €516,907 | €13,421 | -€503,487 | -97.4% |
| Trade receivables | 40 | €1,552 | - | -€1,552 | |
| Other amounts receivable | 41 | €515,355 | €13,421 | -€501,934 | -97.4% |
| Current investments | 50/53 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Cash at bank and in hand | 54/58 | - | €1,275,870 | +€1.3m | |
| Total equity and liabilities | 10/49 | €4,510,407 | €7,034,205 | +€2.5m | +56.0% |
| Equity | 10/15 | €4,506,425 | €5,481,888 | +€975,463 | +21.6% |
| Contributions | 10/11 | €7,077 | €937,077 | +€930,000 | +13,141% |
| Reserves | 13 | €195,315 | €195,315 | = | 0.0% |
| Distributable reserves | 133 | €195,315 | €195,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,304,033 | €4,349,496 | +€45,463 | +1.1% |
| Amounts payable | 17/49 | €3,982 | €1,552,317 | +€1.5m | +38,882% |
| Amounts payable within one year | 42/48 | €1,292 | €1,550,255 | +€1.5m | +119,917% |
| Trade debts | 44 | €1,292 | €150 | -€1,142 | -88.4% |
| Suppliers | 440/4 | €1,292 | €150 | -€1,142 | -88.4% |
| Other amounts payable | 47/48 | - | €1,550,105 | +€1.6m | |
| Accrued charges and deferred income | 492/3 | €2,690 | €2,062 | -€628 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,523 | €120,526 | +€83,003 | +221% |
| Other operating charges | 640/8 | - | €7,560 | +€7,560 | |
| Gross operating margin | 9900 | €56,018 | €93,454 | +€37,436 | +66.8% |
| Operating profit (loss) | 9901 | €18,495 | -€34,632 | -€53,127 | |
| Financial income | 75/76B | €114,150 | €95,250 | -€18,900 | -16.6% |
| Recurring financial income | 75 | €114,150 | €95,250 | -€18,900 | -16.6% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €132,645 | €60,617 | -€72,028 | -54.3% |
| Income taxes | 67/77 | €33,161 | €15,154 | -€18,007 | -54.3% |
| Profit (loss) for the period | 9904 | €99,484 | €45,463 | -€54,021 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,484 | €45,463 | -€54,021 | -54.3% |
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 22 October 2026 via checked.be.