DELAW-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.
DELAW-IMMO
Largest movements
- Receivables within one year -€44,890
down €44,890 (-93.8%), from €47,872 to €2,981
of which Trade receivables: -€44,911
- Tangible fixed assets -€32,003
down €32,003 (-4.2%), from €755,020 to €723,017
of which Land and buildings: -€34,243
- Trade debts -€45,632
down €45,632 (-98.0%), from €46,568 to €936
- Debts after one year -€27,171
down €27,171 (-12.1%), from €223,807 to €196,636
- Profit (loss) carried forward -€22,135
down €22,135 (-91.2%), from -€24,280 to -€46,415
- Other debts +€17,968
up €17,968 (+16.8%), from €107,031 to €124,999
- Gross operating margin +€9,608
up €9,608 (+52.6%), from €18,250 to €27,859
- Depreciation +€9,177
up €9,177 (+35.7%), from €25,726 to €34,902
- Other operating charges +€3,565
up €3,565 (+111%), from €3,217 to €6,783
- Financial charges +€1,044
up €1,044 (+14.4%), from €7,265 to €8,310
- Financial income -€310
no longer reported in 2025 (was €310)
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 | €806,351 | €733,710 | -€72,640 | -9.0% |
| Fixed assets | 21/28 | €755,280 | €723,277 | -€32,003 | -4.2% |
| Tangible fixed assets | 22/27 | €755,020 | €723,017 | -€32,003 | -4.2% |
| Land and buildings | 22 | €749,244 | €715,001 | -€34,243 | -4.6% |
| Plant, machinery and equipment | 23 | €5,777 | €8,016 | +€2,239 | +38.8% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €51,070 | €10,433 | -€40,637 | -79.6% |
| Stocks and contracts in progress | 3 | €1,409 | €1,409 | = | 0.0% |
| Stocks | 30/36 | €1,409 | €1,409 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,872 | €2,981 | -€44,890 | -93.8% |
| Trade receivables | 40 | €47,860 | €2,949 | -€44,911 | -93.8% |
| Other amounts receivable | 41 | €12 | €32 | +€21 | +178% |
| Cash at bank and in hand | 54/58 | €1,432 | €5,753 | +€4,321 | +302% |
| Deferred charges and accrued income | 490/1 | €357 | €289 | -€67 | -18.9% |
| Total equity and liabilities | 10/49 | €806,351 | €733,710 | -€72,640 | -9.0% |
| Equity | 10/15 | €401,151 | €379,016 | -€22,135 | -5.5% |
| Contributions | 10/11 | €425,200 | €425,200 | = | 0.0% |
| Reserves | 13 | €231 | €231 | = | 0.0% |
| Distributable reserves | 133 | €231 | €231 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,280 | -€46,415 | -€22,135 | -91.2% |
| Amounts payable | 17/49 | €405,199 | €354,694 | -€50,505 | -12.5% |
| Amounts payable after more than one year | 17 | €223,807 | €196,636 | -€27,171 | -12.1% |
| Financial debts | 170/4 | €223,807 | €196,636 | -€27,171 | -12.1% |
| Amounts payable within one year | 42/48 | €181,105 | €154,704 | -€26,401 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €26,259 | €27,171 | +€912 | +3.5% |
| Trade debts | 44 | €46,568 | €936 | -€45,632 | -98.0% |
| Suppliers | 440/4 | €46,568 | €936 | -€45,632 | -98.0% |
| Taxes, remuneration and social security | 45 | €1,247 | €1,597 | +€350 | +28.0% |
| Taxes | 450/3 | €1,247 | €1,597 | +€350 | +28.0% |
| Other amounts payable | 47/48 | €107,031 | €124,999 | +€17,968 | +16.8% |
| Accrued charges and deferred income | 492/3 | €288 | €3,355 | +€3,067 | +1,067% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,726 | €34,902 | +€9,177 | +35.7% |
| Other operating charges | 640/8 | €3,217 | €6,783 | +€3,565 | +111% |
| Gross operating margin | 9900 | €18,250 | €27,859 | +€9,608 | +52.6% |
| Operating profit (loss) | 9901 | -€10,692 | -€13,826 | -€3,133 | -29.3% |
| Financial income | 75/76B | €310 | - | -€310 | |
| Recurring financial income | 75 | €310 | - | -€310 | |
| Financial charges | 65/66B | €7,265 | €8,310 | +€1,044 | +14.4% |
| Recurring financial charges | 65 | €7,265 | €8,310 | +€1,044 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,648 | -€22,135 | -€4,488 | -25.4% |
| Profit (loss) for the period | 9904 | -€17,648 | -€22,135 | -€4,488 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,648 | -€22,135 | -€4,488 | -25.4% |
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.