DCL 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.
DCL IMMO
Largest movements
- Tangible fixed assets -€475,602
down €475,602 (-85.2%), from €558,481 to €82,879
of which Land and buildings: -€403,697
- Receivables within one year -€65,276
down €65,276 (-24.6%), from €265,692 to €200,416
of which Trade receivables: -€106,780
- Cash -€14,442
down €14,442 (-71.1%), from €20,317 to €5,875
mainly Debts after one year (-€414,308) and Net result for the year (-€83,282)
- Debts after one year -€414,308
down €414,308 (-50.8%), from €815,455 to €401,147
- Profit (loss) carried forward -€83,282
down €83,282 (-30.5%), from €273,332 to €190,050
- Current portion of long-term debt -€37,895
down €37,895 (-42.1%), from €90,077 to €52,183
- Trade debts -€25,976
down €25,976 (-64.9%), from €40,016 to €14,040
- Financial income -€210,531
no longer reported in 2025 (was €210,531)
of which Non-recurring financial income: -€110,531
- Gross operating margin +€41,031
up €41,031, from -€30,505 to €10,526
- Depreciation -€20,186
down €20,186 (-23.5%), from €85,899 to €65,712
- Financial charges -€8,397
down €8,397 (-23.4%), from €35,822 to €27,425
of which Financial charges: -€8,889
- Other operating charges -€1,661
down €1,661 (-71.2%), from €2,332 to €671
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 | €1,229,041 | €675,186 | -€553,855 | -45.1% |
| Fixed assets | 21/28 | €941,814 | €466,212 | -€475,602 | -50.5% |
| Tangible fixed assets | 22/27 | €558,481 | €82,879 | -€475,602 | -85.2% |
| Land and buildings | 22 | €403,697 | - | -€403,697 | |
| Plant, machinery and equipment | 23 | €1,089 | €703 | -€385 | -35.4% |
| Furniture and vehicles | 24 | €153,695 | €82,175 | -€71,520 | -46.5% |
| Financial fixed assets | 28 | €383,333 | €383,333 | = | 0.0% |
| Current assets | 29/58 | €287,227 | €208,974 | -€78,253 | -27.2% |
| Amounts receivable within one year | 40/41 | €265,692 | €200,416 | -€65,276 | -24.6% |
| Trade receivables | 40 | €226,705 | €119,925 | -€106,780 | -47.1% |
| Other amounts receivable | 41 | €38,987 | €80,491 | +€41,504 | +106.5% |
| Cash at bank and in hand | 54/58 | €20,317 | €5,875 | -€14,442 | -71.1% |
| Deferred charges and accrued income | 490/1 | €1,219 | €2,684 | +€1,465 | +120.2% |
| Total equity and liabilities | 10/49 | €1,229,041 | €675,186 | -€553,855 | -45.1% |
| Equity | 10/15 | €283,332 | €200,050 | -€83,282 | -29.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €273,332 | €190,050 | -€83,282 | -30.5% |
| Amounts payable | 17/49 | €945,708 | €475,136 | -€470,573 | -49.8% |
| Amounts payable after more than one year | 17 | €815,455 | €401,147 | -€414,308 | -50.8% |
| Financial debts | 170/4 | €815,455 | €401,147 | -€414,308 | -50.8% |
| Amounts payable within one year | 42/48 | €130,253 | €73,989 | -€56,264 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €90,077 | €52,183 | -€37,895 | -42.1% |
| Trade debts | 44 | €40,016 | €14,040 | -€25,976 | -64.9% |
| Suppliers | 440/4 | €40,016 | €14,040 | -€25,976 | -64.9% |
| Taxes, remuneration and social security | 45 | €160 | €7,766 | +€7,606 | +4753.8% |
| Taxes | 450/3 | €160 | €7,766 | +€7,606 | +4753.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,899 | €65,712 | -€20,186 | -23.5% |
| Other operating charges | 640/8 | €2,332 | €671 | -€1,661 | -71.2% |
| Gross operating margin | 9900 | -€30,505 | €10,526 | +€41,031 | |
| Operating profit (loss) | 9901 | -€118,736 | -€55,858 | +€62,879 | +53.0% |
| Financial income | 75/76B | €210,531 | - | -€210,531 | |
| Recurring financial income | 75 | €100,000 | - | -€100,000 | |
| Non-recurring financial income | 76B | €110,531 | - | -€110,531 | |
| Financial charges | 65/66B | €35,822 | €27,425 | -€8,397 | -23.4% |
| Recurring financial charges | 65 | €35,822 | €26,933 | -€8,889 | -24.8% |
| Non-recurring financial charges | 66B | - | €492 | +€492 | |
| Profit (loss) for the period before taxes | 9903 | €55,973 | -€83,282 | -€139,255 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | €55,813 | -€83,282 | -€139,095 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,813 | -€83,282 | -€139,095 |
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 10 October 2026 via checked.be.