DAWANCE 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.
What changed
DAWANCE IMMO
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€43,317
2024 · €39,447+€3,870
Equity
€286,166
2024 · €242,849+€43,317
Cash
€35,958
2024 · €42,069-€6,111
Balance sheet total
€1.2m
2024 · €1.3m-€96,436
Largest movements
Assets
- Tangible fixed assets -€90,030
down €90,030 (-7.4%), from €1.2m to €1.1m
of which Land and buildings: -€78,883
Equity and liabilities
- Debts after one year -€111,146
down €111,146 (-18.7%), from €594,142 to €482,997
- Reserves +€43,317
up €43,317 (+27.7%), from €156,181 to €199,498
of which Distributable reserves: +€48,989
- Other debts -€30,094
down €30,094 (-17.2%), from €175,392 to €145,298
Income statement
- Depreciation -€11,228
down €11,228 (-11.1%), from €101,258 to €90,030
- Other operating charges +€6,307
up €6,307 (+156%), from €4,039 to €10,346
- Financial charges -€4,154
down €4,154 (-14.4%), from €28,796 to €24,642
- Gross operating margin -€3,419
down €3,419 (-1.8%), from €194,028 to €190,609
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.
Result 2024
€39,447
Gross operating margin
-€3,419
Depreciation
+€11,228
Other operating charges
-€6,307
Financial income
-€0
Financial charges
+€4,154
Taxes
-€1,786
Result 2025
€43,317
raises the resultlowers the result
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.
From operations
+€107,397
Investment
€0
Financing
-€113,508
Cash 2024
€42,069
From operations (derived)
+€107,397
Net result for the year
+€43,317
Depreciation
+€90,030
Receivables within one year
-€12,173
Deferred charges and accrued income
+€12,469
Provisions
-€1,418
Trade debts
-€225
Tax, wage and social debts
+€8,377
Other debts
-€30,094
Accrued charges and deferred income
-€2,886
Financing
-€113,508
Debts after one year
-€111,146
Current portion of long-term debt
-€2,362
Cash 2025
€35,958
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,282,554 | €1,186,118 | -€96,436 | -7.5% |
| Fixed assets | 21/28 | €1,221,928 | €1,131,898 | -€90,030 | -7.4% |
| Tangible fixed assets | 22/27 | €1,221,928 | €1,131,898 | -€90,030 | -7.4% |
| Land and buildings | 22 | €1,160,020 | €1,081,137 | -€78,883 | -6.8% |
| Plant, machinery and equipment | 23 | €60,658 | €50,759 | -€9,899 | -16.3% |
| Furniture and vehicles | 24 | €1,250 | €2 | -€1,248 | -99.8% |
| Current assets | 29/58 | €60,626 | €54,220 | -€6,406 | -10.6% |
| Amounts receivable within one year | 40/41 | €5,076 | €17,248 | +€12,173 | +240% |
| Trade receivables | 40 | €239 | €0 | -€239 | -100% |
| Other amounts receivable | 41 | €4,837 | €17,248 | +€12,412 | +257% |
| Cash at bank and in hand | 54/58 | €42,069 | €35,958 | -€6,111 | -14.5% |
| Deferred charges and accrued income | 490/1 | €13,482 | €1,013 | -€12,469 | -92.5% |
| Total equity and liabilities | 10/49 | €1,282,554 | €1,186,118 | -€96,436 | -7.5% |
| Equity | 10/15 | €242,849 | €286,166 | +€43,317 | +17.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €156,181 | €199,498 | +€43,317 | +27.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,231 | €23,559 | -€5,672 | -19.4% |
| Distributable reserves | 133 | €120,800 | €169,789 | +€48,989 | +40.6% |
| Profit (loss) carried forward | 14 | €25,169 | €25,169 | = | 0.0% |
| Provisions and deferred taxes | 16 | €22,456 | €21,038 | -€1,418 | -6.3% |
| Deferred taxes | 168 | €22,456 | €21,038 | -€1,418 | -6.3% |
| Amounts payable | 17/49 | €1,017,249 | €878,913 | -€138,335 | -13.6% |
| Amounts payable after more than one year | 17 | €594,142 | €482,997 | -€111,146 | -18.7% |
| Financial debts | 170/4 | €594,142 | €482,997 | -€111,146 | -18.7% |
| Amounts payable within one year | 42/48 | €401,184 | €376,880 | -€24,304 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €113,508 | €111,146 | -€2,362 | -2.1% |
| Trade debts | 44 | €1,231 | €1,006 | -€225 | -18.3% |
| Suppliers | 440/4 | €1,231 | €1,006 | -€225 | -18.3% |
| Taxes, remuneration and social security | 45 | €111,053 | €119,431 | +€8,377 | +7.5% |
| Taxes | 450/3 | €111,053 | €119,431 | +€8,377 | +7.5% |
| Other amounts payable | 47/48 | €175,392 | €145,298 | -€30,094 | -17.2% |
| Accrued charges and deferred income | 492/3 | €21,923 | €19,037 | -€2,886 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,258 | €90,030 | -€11,228 | -11.1% |
| Other operating charges | 640/8 | €4,039 | €10,346 | +€6,307 | +156% |
| Gross operating margin | 9900 | €194,028 | €190,609 | -€3,419 | -1.8% |
| Operating profit (loss) | 9901 | €88,731 | €90,233 | +€1,502 | +1.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €28,796 | €24,642 | -€4,154 | -14.4% |
| Recurring financial charges | 65 | €28,796 | €24,642 | -€4,154 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €59,935 | €65,591 | +€5,656 | +9.4% |
| Transfer from deferred taxes | 780 | €1,418 | €1,418 | = | 0.0% |
| Income taxes | 67/77 | €21,906 | €23,692 | +€1,786 | +8.2% |
| Profit (loss) for the period | 9904 | €39,447 | €43,317 | +€3,870 | +9.8% |
| Transfer from tax-exempt reserves | 789 | €5,672 | €5,672 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €45,120 | €48,989 | +€3,870 | +8.6% |
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 21 October 2026 via checked.be.