DC 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.
DC IMMO
Largest movements
- Receivables within one year +€235,318
up €235,318 (+55.4%), from €425,083 to €660,401
of which Trade receivables: +€235,750
- Stocks and contracts +€64,137
up €64,137 (+4.0%), from €1.6m to €1.7m
- Short-term financial debts -€570,000
down €570,000 (-79.2%), from €720,000 to €150,000
- Reserves +€497,712
up €497,712 (+44.7%), from €1.1m to €1.6m
of which Distributable reserves: +€497,712
- Other debts +€261,282
up €261,282 (+48.1%), from €543,746 to €805,028
- Current portion of long-term debt +€75,909
up €75,909 (+389%), from €19,531 to €95,440
- Gross operating margin +€292,438
up €292,438 (+58.1%), from €503,138 to €795,577
- Taxes +€89,258
up €89,258 (+62.3%), from €143,312 to €232,571
- Financial charges +€13,343
up €13,343 (+54.4%), from €24,525 to €37,869
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,555,611 | €2,810,355 | +€254,744 | +10.0% |
| Fixed assets | 21/28 | €489,589 | €465,827 | -€23,763 | -4.9% |
| Tangible fixed assets | 22/27 | €489,589 | €465,827 | -€23,763 | -4.9% |
| Land and buildings | 22 | €489,589 | €465,827 | -€23,763 | -4.9% |
| Current assets | 29/58 | €2,066,021 | €2,344,528 | +€278,507 | +13.5% |
| Stocks and contracts in progress | 3 | €1,615,008 | €1,679,145 | +€64,137 | +4.0% |
| Stocks | 30/36 | €1,615,008 | €1,679,145 | +€64,137 | +4.0% |
| Amounts receivable within one year | 40/41 | €425,083 | €660,401 | +€235,318 | +55.4% |
| Trade receivables | 40 | €343,000 | €578,750 | +€235,750 | +68.7% |
| Other amounts receivable | 41 | €82,083 | €81,651 | -€432 | -0.5% |
| Cash at bank and in hand | 54/58 | €25,930 | €4,982 | -€20,948 | -80.8% |
| Total equity and liabilities | 10/49 | €2,555,611 | €2,810,355 | +€254,744 | +10.0% |
| Equity | 10/15 | €1,120,399 | €1,618,111 | +€497,712 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,114,199 | €1,611,911 | +€497,712 | +44.7% |
| Non-distributable reserves | 130/1 | €3,580 | €3,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,580 | €3,580 | = | 0.0% |
| Distributable reserves | 133 | €1,110,620 | €1,608,331 | +€497,712 | +44.8% |
| Amounts payable | 17/49 | €1,435,211 | €1,192,244 | -€242,968 | -16.9% |
| Amounts payable after more than one year | 17 | €129,574 | €109,796 | -€19,778 | -15.3% |
| Financial debts | 170/4 | €129,574 | €109,796 | -€19,778 | -15.3% |
| Amounts payable within one year | 42/48 | €1,305,637 | €1,082,448 | -€223,190 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €19,531 | €95,440 | +€75,909 | +389% |
| Financial debts | 43 | €720,000 | €150,000 | -€570,000 | -79.2% |
| Credit institutions | 430/8 | €720,000 | €150,000 | -€570,000 | -79.2% |
| Trade debts | 44 | €22,361 | €22,752 | +€391 | +1.8% |
| Suppliers | 440/4 | €22,361 | €22,752 | +€391 | +1.8% |
| Taxes, remuneration and social security | 45 | - | €9,228 | +€9,228 | |
| Taxes | 450/3 | - | €9,228 | +€9,228 | |
| Other amounts payable | 47/48 | €543,746 | €805,028 | +€261,282 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,021 | €23,763 | +€1,741 | +7.9% |
| Other operating charges | 640/8 | €3,497 | €3,663 | +€166 | +4.8% |
| Non-recurring operating charges | 66A | €0 | - | -€0 | |
| Gross operating margin | 9900 | €503,138 | €795,577 | +€292,438 | +58.1% |
| Operating profit (loss) | 9901 | €477,620 | €768,151 | +€290,531 | +60.8% |
| Financial income | 75/76B | €289 | - | -€289 | |
| Recurring financial income | 75 | €289 | - | -€289 | |
| Financial charges | 65/66B | €24,525 | €37,869 | +€13,343 | +54.4% |
| Recurring financial charges | 65 | €24,525 | €37,869 | +€13,343 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €453,384 | €730,282 | +€276,899 | +61.1% |
| Income taxes | 67/77 | €143,312 | €232,571 | +€89,258 | +62.3% |
| Profit (loss) for the period | 9904 | €310,071 | €497,712 | +€187,640 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €310,071 | €497,712 | +€187,640 | +60.5% |
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.