DBFM 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.
DBFM IMMO
Largest movements
- Tangible fixed assets +€725,190
up €725,190 (+120.5%), from €601,821 to €1.3m
- Cash +€14,812
up €14,812 (+300.5%), from €4,930 to €19,742
mainly Debts after one year (+€522,328) and Short-term financial debts (+€196,658)
- Debts after one year +€522,328
up €522,328 (+113.0%), from €462,374 to €984,703
- Short-term financial debts +€196,658
new in 2025: €196,658
- Current portion of long-term debt +€39,430
up €39,430 (+86.0%), from €45,839 to €85,269
- Profit (loss) carried forward -€29,467
down €29,467 (-56.9%), from €51,766 to €22,299
- Trade debts +€15,218
up €15,218, from €0 to €15,218
- Depreciation +€125,787
up €125,787 (+656.7%), from €19,153 to €144,940
- Gross operating margin +€84,711
up €84,711 (+136.0%), from €62,287 to €146,998
- Financial charges +€9,065
up €9,065 (+77.8%), from €11,655 to €20,720
- Taxes -€6,547
down €6,547 (-100.0%), from €6,547 to €0
- Other operating charges +€4,455
up €4,455 (+70.1%), from €6,351 to €10,805
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 | €606,751 | €1,351,753 | +€745,002 | +122.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €601,821 | €1,327,011 | +€725,190 | +120.5% |
| Tangible fixed assets | 22/27 | €601,821 | €1,327,011 | +€725,190 | +120.5% |
| Land and buildings | 22 | €601,821 | €1,327,011 | +€725,190 | +120.5% |
| Current assets | 29/58 | €4,930 | €24,742 | +€19,812 | +401.9% |
| Amounts receivable within one year | 40/41 | €0 | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €0 | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €4,930 | €19,742 | +€14,812 | +300.5% |
| Total equity and liabilities | 10/49 | €606,751 | €1,351,753 | +€745,002 | +122.8% |
| Equity | 10/15 | €70,521 | €41,054 | -€29,467 | -41.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €155 | €155 | = | 0.0% |
| Distributable reserves | 133 | €155 | €155 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,766 | €22,299 | -€29,467 | -56.9% |
| Amounts payable | 17/49 | €536,230 | €1,310,699 | +€774,469 | +144.4% |
| Amounts payable after more than one year | 17 | €462,374 | €984,703 | +€522,328 | +113.0% |
| Financial debts | 170/4 | €462,374 | €984,703 | +€522,328 | +113.0% |
| Amounts payable within one year | 42/48 | €64,225 | €310,522 | +€246,297 | +383.5% |
| Current portion of amounts payable after more than one year | 42 | €45,839 | €85,269 | +€39,430 | +86.0% |
| Financial debts | 43 | - | €196,658 | +€196,658 | |
| Credit institutions | 430/8 | - | €196,658 | +€196,658 | |
| Trade debts | 44 | €0 | €15,218 | +€15,218 | |
| Suppliers | 440/4 | €0 | €15,218 | +€15,218 | |
| Taxes, remuneration and social security | 45 | €6,386 | €0 | -€6,386 | -100.0% |
| Taxes | 450/3 | €6,386 | €0 | -€6,386 | -100.0% |
| Other amounts payable | 47/48 | €12,000 | €13,378 | +€1,378 | +11.5% |
| Accrued charges and deferred income | 492/3 | €9,630 | €15,474 | +€5,845 | +60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,153 | €144,940 | +€125,787 | +656.7% |
| Other operating charges | 640/8 | €6,351 | €10,805 | +€4,455 | +70.1% |
| Gross operating margin | 9900 | €62,287 | €146,998 | +€84,711 | +136.0% |
| Operating profit (loss) | 9901 | €36,783 | -€8,747 | -€45,530 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11,655 | €20,720 | +€9,065 | +77.8% |
| Recurring financial charges | 65 | €11,655 | €20,720 | +€9,065 | +77.8% |
| Profit (loss) for the period before taxes | 9903 | €25,128 | -€29,467 | -€54,596 | |
| Income taxes | 67/77 | €6,547 | €0 | -€6,547 | -100.0% |
| Profit (loss) for the period | 9904 | €18,581 | -€29,467 | -€48,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,581 | -€29,467 | -€48,048 |
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 2 October 2026 via checked.be.