D2A 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.
D2A IMMO
Largest movements
- Stocks and contracts -€540,534
no longer reported in 2025 (was €540,534)
- Short-term financial debts -€391,498
no longer reported in 2025 (was €391,498)
- Profit (loss) carried forward -€305,987
down €305,987 (-582.3%), from -€52,546 to -€358,532
- Other debts +€118,762
up €118,762 (+79.3%), from €149,843 to €268,605
- Trade debts +€37,761
up €37,761 (+86.4%), from €43,696 to €81,458
- Gross operating margin -€275,295
down €275,295 (-22642.0%), from -€1,216 to -€276,511
- Financial charges -€4,388
down €4,388 (-13.2%), from €33,336 to €28,948
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,392 | €1,431 | -€540,961 | -99.7% |
| Formation expenses | 20 | €1,056 | €528 | -€528 | -50.0% |
| Current assets | 29/58 | €541,336 | €903 | -€540,433 | -99.8% |
| Stocks and contracts in progress | 3 | €540,534 | - | -€540,534 | |
| Stocks | 30/36 | €540,534 | - | -€540,534 | |
| Amounts receivable within one year | 40/41 | €802 | €903 | +€101 | +12.6% |
| Other amounts receivable | 41 | €802 | €903 | +€101 | +12.6% |
| Total equity and liabilities | 10/49 | €542,392 | €1,431 | -€540,961 | -99.7% |
| Equity | 10/15 | -€42,646 | -€348,632 | -€305,987 | -717.5% |
| Contributions | 10/11 | €9,900 | €9,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,546 | -€358,532 | -€305,987 | -582.3% |
| Amounts payable | 17/49 | €585,038 | €350,063 | -€234,975 | -40.2% |
| Amounts payable within one year | 42/48 | €585,038 | €350,063 | -€234,975 | -40.2% |
| Financial debts | 43 | €391,498 | - | -€391,498 | |
| Credit institutions | 430/8 | €391,498 | - | -€391,498 | |
| Trade debts | 44 | €43,696 | €81,458 | +€37,761 | +86.4% |
| Suppliers | 440/4 | €43,696 | €81,458 | +€37,761 | +86.4% |
| Other amounts payable | 47/48 | €149,843 | €268,605 | +€118,762 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €528 | €528 | = | 0.0% |
| Other operating charges | 640/8 | €481 | - | -€481 | |
| Gross operating margin | 9900 | -€1,216 | -€276,511 | -€275,295 | -22642.0% |
| Operating profit (loss) | 9901 | -€2,224 | -€277,038 | -€274,814 | -12354.6% |
| Financial charges | 65/66B | €33,336 | €28,948 | -€4,388 | -13.2% |
| Recurring financial charges | 65 | €33,336 | €28,948 | -€4,388 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,561 | -€305,987 | -€270,426 | -760.5% |
| Profit (loss) for the period | 9904 | -€35,561 | -€305,987 | -€270,426 | -760.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,561 | -€305,987 | -€270,426 | -760.5% |
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 8 October 2026 via checked.be.