DAELEM 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.
DAELEM IMMO
Largest movements
- Current investments -€48,800
down €48,800 (-100.0%), from €48,800 to €0
- Tangible fixed assets +€46,202
up €46,202 (+11.0%), from €421,031 to €467,233
- Cash +€13,602
up €13,602 (+166.6%), from €8,165 to €21,767
mainly Current investments (+€48,800) and Net result for the year (+€42,850)
- Receivables within one year +€8,512
up €8,512, from €0 to €8,512
of which Other amounts receivable: +€8,512
- Trade debts +€31,508
new in 2025: €31,508
- Debts after one year -€23,674
down €23,674 (-24.7%), from €96,008 to €72,334
- Reserves +€11,668
up €11,668 (+4.4%), from €262,316 to €273,985
of which Distributable reserves: +€11,668
- Gross operating margin -€25,524
down €25,524 (-20.3%), from €125,631 to €100,107
- Taxes -€10,066
down €10,066 (-36.4%), from €27,670 to €17,604
- Depreciation +€2,662
up €2,662 (+11.3%), from €23,625 to €26,287
- Financial charges -€1,506
down €1,506 (-25.3%), from €5,953 to €4,447
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 | €478,763 | €498,022 | +€19,259 | +4.0% |
| Fixed assets | 21/28 | €421,031 | €467,233 | +€46,202 | +11.0% |
| Tangible fixed assets | 22/27 | €421,031 | €467,233 | +€46,202 | +11.0% |
| Land and buildings | 22 | €421,031 | €467,233 | +€46,202 | +11.0% |
| Current assets | 29/58 | €57,731 | €30,789 | -€26,943 | -46.7% |
| Amounts receivable within one year | 40/41 | €0 | €8,512 | +€8,512 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €8,512 | +€8,512 | |
| Current investments | 50/53 | €48,800 | €0 | -€48,800 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,165 | €21,767 | +€13,602 | +166.6% |
| Deferred charges and accrued income | 490/1 | €766 | €509 | -€257 | -33.5% |
| Total equity and liabilities | 10/49 | €478,763 | €498,022 | +€19,259 | +4.0% |
| Equity | 10/15 | €320,095 | €331,763 | +€11,668 | +3.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €262,316 | €273,985 | +€11,668 | +4.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €262,316 | €273,985 | +€11,668 | +4.4% |
| Profit (loss) carried forward | 14 | €7,778 | €7,778 | = | 0.0% |
| Amounts payable | 17/49 | €158,668 | €166,259 | +€7,591 | +4.8% |
| Amounts payable after more than one year | 17 | €96,008 | €72,334 | -€23,674 | -24.7% |
| Financial debts | 170/4 | €96,008 | €72,334 | -€23,674 | -24.7% |
| Amounts payable within one year | 42/48 | €52,383 | €83,247 | +€30,864 | +58.9% |
| Current portion of amounts payable after more than one year | 42 | €22,765 | €23,674 | +€909 | +4.0% |
| Trade debts | 44 | - | €31,508 | +€31,508 | |
| Suppliers | 440/4 | - | €31,508 | +€31,508 | |
| Taxes, remuneration and social security | 45 | €1,622 | €0 | -€1,622 | -100.0% |
| Taxes | 450/3 | €1,622 | €0 | -€1,622 | -100.0% |
| Other amounts payable | 47/48 | €27,996 | €28,065 | +€70 | +0.2% |
| Accrued charges and deferred income | 492/3 | €10,277 | €10,677 | +€401 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,625 | €26,287 | +€2,662 | +11.3% |
| Other operating charges | 640/8 | €9,329 | €9,606 | +€277 | +3.0% |
| Gross operating margin | 9900 | €125,631 | €100,107 | -€25,524 | -20.3% |
| Operating profit (loss) | 9901 | €92,678 | €64,215 | -€28,463 | -30.7% |
| Financial income | 75/76B | €348 | €686 | +€338 | +97.1% |
| Recurring financial income | 75 | €348 | €686 | +€338 | +97.1% |
| Financial charges | 65/66B | €5,953 | €4,447 | -€1,506 | -25.3% |
| Recurring financial charges | 65 | €5,953 | €4,447 | -€1,506 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €87,072 | €60,454 | -€26,618 | -30.6% |
| Income taxes | 67/77 | €27,670 | €17,604 | -€10,066 | -36.4% |
| Profit (loss) for the period | 9904 | €59,402 | €42,850 | -€16,553 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €59,402 | €42,850 | -€16,553 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.