D & L 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 & L Immo
Largest movements
- Tangible fixed assets -€49,128
down €49,128 (-12.2%), from €402,200 to €353,071
of which Land and buildings: -€39,460
- Cash -€16,430
down €16,430 (-37.0%), from €44,427 to €27,996
mainly Debts after one year (-€52,465) and Net result for the year (-€14,891)
- Debts after one year -€52,465
down €52,465 (-10.6%), from €493,220 to €440,755
- Profit (loss) carried forward -€14,891
down €14,891 (-14.7%), from -€101,165 to -€116,056
- Gross operating margin -€15,321
down €15,321 (-22.3%), from €68,580 to €53,259
- Other operating charges +€5,649
up €5,649 (+111.1%), from €5,086 to €10,735
- Financial charges -€804
down €804 (-8.8%), from €9,090 to €8,286
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 | €451,051 | €385,408 | -€65,643 | -14.6% |
| Fixed assets | 21/28 | €402,200 | €353,071 | -€49,128 | -12.2% |
| Tangible fixed assets | 22/27 | €402,200 | €353,071 | -€49,128 | -12.2% |
| Land and buildings | 22 | €387,446 | €347,986 | -€39,460 | -10.2% |
| Plant, machinery and equipment | 23 | €14,753 | €5,085 | -€9,668 | -65.5% |
| Current assets | 29/58 | €48,852 | €32,337 | -€16,515 | -33.8% |
| Amounts receivable within one year | 40/41 | €4,425 | €4,341 | -€84 | -1.9% |
| Other amounts receivable | 41 | €4,425 | €4,341 | -€84 | -1.9% |
| Cash at bank and in hand | 54/58 | €44,427 | €27,996 | -€16,430 | -37.0% |
| Total equity and liabilities | 10/49 | €451,051 | €385,408 | -€65,643 | -14.6% |
| Equity | 10/15 | -€99,965 | -€114,856 | -€14,891 | -14.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,165 | -€116,056 | -€14,891 | -14.7% |
| Amounts payable | 17/49 | €551,017 | €500,264 | -€50,752 | -9.2% |
| Amounts payable after more than one year | 17 | €493,220 | €440,755 | -€52,465 | -10.6% |
| Financial debts | 170/4 | €493,220 | €440,755 | -€52,465 | -10.6% |
| Amounts payable within one year | 42/48 | €57,797 | €59,509 | +€1,712 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €49,668 | €51,465 | +€1,797 | +3.6% |
| Advances received on contracts in progress | 46 | €2,660 | €2,660 | = | 0.0% |
| Other amounts payable | 47/48 | €5,469 | €5,385 | -€84 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,128 | €49,128 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,086 | €10,735 | +€5,649 | +111.1% |
| Gross operating margin | 9900 | €68,580 | €53,259 | -€15,321 | -22.3% |
| Operating profit (loss) | 9901 | €14,366 | -€6,605 | -€20,971 | |
| Financial charges | 65/66B | €9,090 | €8,286 | -€804 | -8.8% |
| Recurring financial charges | 65 | €9,090 | €8,286 | -€804 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €5,276 | -€14,891 | -€20,167 | |
| Profit (loss) for the period | 9904 | €5,276 | -€14,891 | -€20,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,276 | -€14,891 | -€20,167 |
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 9 October 2026 via checked.be.