D.S. 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.S. IMMO
Largest movements
- Cash +€14,962
up €14,962 (+67.6%), from €22,125 to €37,087
mainly Other debts (+€22,659) and Depreciation (+€10,779)
- Tangible fixed assets -€10,779
down €10,779 (-6.9%), from €155,147 to €144,368
- Other debts +€22,659
up €22,659 (+298.9%), from €7,581 to €30,240
- Reserves -€20,000
down €20,000 (-42.5%), from €47,050 to €27,050
of which Non-distributable reserves: -€11,000
- Profit (loss) carried forward +€1,905
up €1,905 (+2.1%), from €92,360 to €94,265
- Gross operating margin -€12,844
down €12,844 (-42.4%), from €30,293 to €17,449
- Purchases and services +€11,450
up €11,450 (+64.4%), from €17,766 to €29,216
- Taxes -€4,289
down €4,289 (-80.9%), from €5,300 to €1,011
- Other operating charges +€489
up €489 (+15.3%), from €3,195 to €3,684
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 | €183,572 | €186,855 | +€3,283 | +1.8% |
| Fixed assets | 21/28 | €155,147 | €144,368 | -€10,779 | -6.9% |
| Tangible fixed assets | 22/27 | €155,147 | €144,368 | -€10,779 | -6.9% |
| Land and buildings | 22 | €155,147 | €144,368 | -€10,779 | -6.9% |
| Current assets | 29/58 | €28,425 | €42,487 | +€14,062 | +49.5% |
| Amounts receivable within one year | 40/41 | €6,300 | €5,400 | -€900 | -14.3% |
| Trade receivables | 40 | €6,300 | €5,400 | -€900 | -14.3% |
| Cash at bank and in hand | 54/58 | €22,125 | €37,087 | +€14,962 | +67.6% |
| Total equity and liabilities | 10/49 | €183,572 | €186,855 | +€3,283 | +1.8% |
| Equity | 10/15 | €167,410 | €149,315 | -€18,095 | -10.8% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €47,050 | €27,050 | -€20,000 | -42.5% |
| Non-distributable reserves | 130/1 | €15,800 | €4,800 | -€11,000 | -69.6% |
| Reserves not available under the articles | 1311 | €15,800 | €4,800 | -€11,000 | -69.6% |
| Distributable reserves | 133 | €31,250 | €22,250 | -€9,000 | -28.8% |
| Profit (loss) carried forward | 14 | €92,360 | €94,265 | +€1,905 | +2.1% |
| Amounts payable | 17/49 | €16,162 | €37,540 | +€21,378 | +132.3% |
| Amounts payable within one year | 42/48 | €16,162 | €37,540 | +€21,378 | +132.3% |
| Current portion of amounts payable after more than one year | 42 | €1,651 | €0 | -€1,651 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,930 | €7,300 | +€370 | +5.3% |
| Taxes | 450/3 | €6,930 | €7,300 | +€370 | +5.3% |
| Other amounts payable | 47/48 | €7,581 | €30,240 | +€22,659 | +298.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,766 | €29,216 | +€11,450 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,779 | €10,779 | = | 0.0% |
| Other operating charges | 640/8 | €3,195 | €3,684 | +€489 | +15.3% |
| Gross operating margin | 9900 | €30,293 | €17,449 | -€12,844 | -42.4% |
| Operating profit (loss) | 9901 | €16,319 | €2,986 | -€13,333 | -81.7% |
| Financial charges | 65/66B | €272 | €70 | -€202 | -74.3% |
| Recurring financial charges | 65 | €272 | €70 | -€202 | -74.3% |
| Profit (loss) for the period before taxes | 9903 | €16,047 | €2,916 | -€13,131 | -81.8% |
| Income taxes | 67/77 | €5,300 | €1,011 | -€4,289 | -80.9% |
| Profit (loss) for the period | 9904 | €10,747 | €1,905 | -€8,842 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,747 | €1,905 | -€8,842 | -82.3% |
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 6 October 2026 via checked.be.