DB 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
DB IMMO
NACE 58.130, Publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€98,074
2024 · -€20,830+€118,904
Equity
€480,174
2024 · €382,101+€98,074
Cash
€7,262
2024 · €4,884+€2,378
Balance sheet total
€1.2m
2024 · €1.3m-€35,270
Largest movements
Assets
- Receivables within one year -€30,975
down €30,975 (-42.4%), from €73,054 to €42,079
of which Trade receivables: -€28,375
- Receivables after one year -€16,313
down €16,313 (-24.3%), from €67,147 to €50,834
Equity and liabilities
- Debts after one year -€121,080
down €121,080 (-26.7%), from €453,829 to €332,750
- Profit (loss) carried forward +€98,074
up €98,074 (+3.3%), from -€2.9m to -€2.8m
- Trade debts -€36,277
down €36,277 (-55.7%), from €65,173 to €28,896
Income statement
- Depreciation -€137,004
down €137,004 (-82.6%), from €165,800 to €28,796
- Other operating charges +€10,034
up €10,034 (+15.6%), from €64,288 to €74,321
- Gross operating margin -€9,064
down €9,064 (-4.0%), from €225,599 to €216,535
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
-€20,830
Gross operating margin
-€9,064
Depreciation
+€137,004
Other operating charges
-€10,034
Financial income
+€1,084
Financial charges
-€87
Result 2025
€98,074
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
+€159,765
Investment
-€38,276
Financing
-€119,111
Cash 2024
€4,884
From operations (derived)
+€159,765
Net result for the year
+€98,074
Depreciation
+€28,796
Receivables after one year
+€16,313
Stocks and contracts
-€160
Receivables within one year
+€30,975
Trade debts
-€36,277
Tax, wage and social debts
+€7,935
Other debts
+€8,378
Accrued charges and deferred income
+€5,731
Investment (derived)
-€38,276
Investment in fixed assets (net)
-€38,276
Financing
-€119,111
Debts after one year
-€121,080
Current portion of long-term debt
+€1,968
Cash 2025
€7,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,271,420 | €1,236,149 | -€35,270 | -2.8% |
| Fixed assets | 21/28 | €1,094,481 | €1,103,961 | +€9,480 | +0.9% |
| Tangible fixed assets | 22/27 | €1,094,481 | €1,103,961 | +€9,480 | +0.9% |
| Land and buildings | 22 | €1,094,481 | €1,103,961 | +€9,480 | +0.9% |
| Current assets | 29/58 | €176,938 | €132,188 | -€44,750 | -25.3% |
| Amounts receivable after more than one year | 29 | €67,147 | €50,834 | -€16,313 | -24.3% |
| Other amounts receivable | 291 | €67,147 | €50,834 | -€16,313 | -24.3% |
| Stocks and contracts in progress | 3 | €2,360 | €2,520 | +€160 | +6.8% |
| Stocks | 30/36 | €2,360 | €2,520 | +€160 | +6.8% |
| Amounts receivable within one year | 40/41 | €73,054 | €42,079 | -€30,975 | -42.4% |
| Trade receivables | 40 | €69,331 | €40,955 | -€28,375 | -40.9% |
| Other amounts receivable | 41 | €3,724 | €1,124 | -€2,600 | -69.8% |
| Cash at bank and in hand | 54/58 | €4,884 | €7,262 | +€2,378 | +48.7% |
| Deferred charges and accrued income | 490/1 | €29,493 | €29,493 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,271,420 | €1,236,149 | -€35,270 | -2.8% |
| Equity | 10/15 | €382,101 | €480,174 | +€98,074 | +25.7% |
| Contributions | 10/11 | €3,008,903 | €3,008,903 | = | 0.0% |
| Capital | 10 | €3,006,684 | €3,006,684 | = | 0.0% |
| Issued capital | 100 | €3,006,684 | €3,006,684 | = | 0.0% |
| Contributions outside capital | 11 | €2,218 | €2,218 | = | 0.0% |
| Share premium | 1100/10 | €2,218 | €2,218 | = | 0.0% |
| Reserves | 13 | €301,656 | €301,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €301,656 | €301,656 | = | 0.0% |
| Legal reserve | 130 | €301,656 | €301,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,928,458 | -€2,830,384 | +€98,074 | +3.3% |
| Amounts payable | 17/49 | €889,319 | €755,975 | -€133,344 | -15.0% |
| Amounts payable after more than one year | 17 | €453,829 | €332,750 | -€121,080 | -26.7% |
| Financial debts | 170/4 | €453,829 | €332,750 | -€121,080 | -26.7% |
| Amounts payable within one year | 42/48 | €427,598 | €409,603 | -€17,995 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €119,111 | €121,080 | +€1,968 | +1.7% |
| Trade debts | 44 | €65,173 | €28,896 | -€36,277 | -55.7% |
| Suppliers | 440/4 | €65,173 | €28,896 | -€36,277 | -55.7% |
| Taxes, remuneration and social security | 45 | €6,314 | €14,249 | +€7,935 | +126% |
| Taxes | 450/3 | €6,314 | €14,249 | +€7,935 | +126% |
| Other amounts payable | 47/48 | €237,000 | €245,378 | +€8,378 | +3.5% |
| Accrued charges and deferred income | 492/3 | €7,891 | €13,622 | +€5,731 | +72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,800 | €28,796 | -€137,004 | -82.6% |
| Other operating charges | 640/8 | €64,288 | €74,321 | +€10,034 | +15.6% |
| Gross operating margin | 9900 | €225,599 | €216,535 | -€9,064 | -4.0% |
| Operating profit (loss) | 9901 | -€4,489 | €113,417 | +€117,906 | |
| Financial income | 75/76B | €115 | €1,199 | +€1,084 | +943% |
| Recurring financial income | 75 | €115 | €1,199 | +€1,084 | +943% |
| Financial charges | 65/66B | €16,456 | €16,543 | +€87 | +0.5% |
| Recurring financial charges | 65 | €16,456 | €16,543 | +€87 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,830 | €98,074 | +€118,904 | |
| Profit (loss) for the period | 9904 | -€20,830 | €98,074 | +€118,904 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,830 | €98,074 | +€118,904 |
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 17 October 2026 via checked.be.