D&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&W Immo
Largest movements
- Tangible fixed assets -€99,712
down €99,712 (-5.1%), from €1.9m to €1.8m
- Receivables within one year -€51,542
down €51,542 (-19.0%), from €271,187 to €219,645
of which Trade receivables: -€184,370
- Other debts +€377,784
up €377,784 (+50.4%), from €750,107 to €1.1m
- Profit (loss) carried forward -€248,068
down €248,068 (-132%), from -€187,252 to -€435,320
- Current portion of long-term debt -€186,806
down €186,806 (-11.9%), from €1.6m to €1.4m
- Tax, wage and social debts -€93,093
down €93,093 (-99.6%), from €93,495 to €402
of which Taxes: -€91,069
- Staff costs +€61,953
up €61,953 (+258%), from €24,035 to €85,987
- Depreciation +€49,584
up €49,584 (+98.9%), from €50,128 to €99,712
- Gross operating margin -€44,594
down €44,594, from €44,259 to -€335
- Financial charges -€22,483
down €22,483 (-26.9%), from €83,501 to €61,018
- Other operating charges +€613
up €613 (+121%), from €505 to €1,118
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 | €2,246,442 | €2,094,606 | -€151,836 | -6.8% |
| Fixed assets | 21/28 | €1,944,112 | €1,844,400 | -€99,712 | -5.1% |
| Tangible fixed assets | 22/27 | €1,944,112 | €1,844,400 | -€99,712 | -5.1% |
| Land and buildings | 22 | €1,944,112 | €1,844,400 | -€99,712 | -5.1% |
| Current assets | 29/58 | €302,330 | €250,206 | -€52,124 | -17.2% |
| Amounts receivable within one year | 40/41 | €271,187 | €219,645 | -€51,542 | -19.0% |
| Trade receivables | 40 | €271,187 | €86,817 | -€184,370 | -68.0% |
| Other amounts receivable | 41 | - | €132,828 | +€132,828 | |
| Cash at bank and in hand | 54/58 | €30,758 | €21,946 | -€8,813 | -28.7% |
| Deferred charges and accrued income | 490/1 | €385 | €8,616 | +€8,231 | +2,139% |
| Total equity and liabilities | 10/49 | €2,246,442 | €2,094,606 | -€151,836 | -6.8% |
| Equity | 10/15 | -€184,252 | -€432,320 | -€248,068 | -135% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,252 | -€435,320 | -€248,068 | -132% |
| Amounts payable | 17/49 | €2,430,694 | €2,526,926 | +€96,232 | +4.0% |
| Amounts payable within one year | 42/48 | €2,430,694 | €2,525,015 | +€94,321 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €1,573,764 | €1,386,958 | -€186,806 | -11.9% |
| Trade debts | 44 | €13,328 | €9,763 | -€3,565 | -26.7% |
| Suppliers | 440/4 | €13,328 | €9,763 | -€3,565 | -26.7% |
| Taxes, remuneration and social security | 45 | €93,495 | €402 | -€93,093 | -99.6% |
| Taxes | 450/3 | €91,069 | - | -€91,069 | |
| Remuneration and social security | 454/9 | €2,426 | €402 | -€2,024 | -83.4% |
| Other amounts payable | 47/48 | €750,107 | €1,127,891 | +€377,784 | +50.4% |
| Accrued charges and deferred income | 492/3 | - | €1,911 | +€1,911 | |
| Remuneration, social security and pensions | 62 | €24,035 | €85,987 | +€61,953 | +258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,128 | €99,712 | +€49,584 | +98.9% |
| Other operating charges | 640/8 | €505 | €1,118 | +€613 | +121% |
| Gross operating margin | 9900 | €44,259 | -€335 | -€44,594 | |
| Operating profit (loss) | 9901 | -€30,409 | -€187,153 | -€156,744 | -515% |
| Financial income | 75/76B | €218 | €103 | -€115 | -52.7% |
| Recurring financial income | 75 | €218 | €103 | -€115 | -52.7% |
| Financial charges | 65/66B | €83,501 | €61,018 | -€22,483 | -26.9% |
| Recurring financial charges | 65 | €83,501 | €61,018 | -€22,483 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | -€113,692 | -€248,068 | -€134,376 | -118% |
| Profit (loss) for the period | 9904 | -€113,692 | -€248,068 | -€134,376 | -118% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,692 | -€248,068 | -€134,376 | -118% |
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 13 October 2026 via checked.be.