DELM 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.
DELM IMMO
Largest movements
- Cash +€77,973
up €77,973 (+1621.6%), from €4,808 to €82,781
mainly Stocks and contracts (+€58,058) and Net result for the year (+€28,865)
- Stocks and contracts -€58,058
down €58,058 (-22.1%), from €262,533 to €204,475
- Tangible fixed assets -€20,051
down €20,051 (-7.5%), from €265,819 to €245,768
of which Furniture and vehicles: -€11,583
- Reserves +€28,850
up €28,850 (+47.7%), from €60,465 to €89,315
- Debts after one year -€20,506
down €20,506 (-8.4%), from €244,019 to €223,513
- Tax, wage and social debts -€5,518
down €5,518 (-48.4%), from €11,395 to €5,877
- Gross operating margin +€10,449
up €10,449 (+16.6%), from €62,785 to €73,234
- Taxes +€4,200
up €4,200 (+36.9%), from €11,387 to €15,587
- Financial charges +€2,292
up €2,292 (+52.0%), from €4,404 to €6,696
- Other operating charges -€2,091
down €2,091 (-50.7%), from €4,127 to €2,036
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 | €545,091 | €547,318 | +€2,226 | +0.4% |
| Fixed assets | 21/28 | €265,819 | €245,768 | -€20,051 | -7.5% |
| Tangible fixed assets | 22/27 | €265,819 | €245,768 | -€20,051 | -7.5% |
| Land and buildings | 22 | €211,630 | €203,443 | -€8,187 | -3.9% |
| Plant, machinery and equipment | 23 | €451 | €171 | -€280 | -62.1% |
| Furniture and vehicles | 24 | €39,742 | €28,158 | -€11,583 | -29.1% |
| Assets under construction and advance payments | 27 | €13,996 | €13,996 | = | 0.0% |
| Current assets | 29/58 | €279,273 | €301,550 | +€22,277 | +8.0% |
| Stocks and contracts in progress | 3 | €262,533 | €204,475 | -€58,058 | -22.1% |
| Stocks | 30/36 | €262,533 | €204,475 | -€58,058 | -22.1% |
| Amounts receivable within one year | 40/41 | €11,807 | €14,167 | +€2,360 | +20.0% |
| Trade receivables | 40 | €901 | €4,000 | +€3,099 | +344.2% |
| Other amounts receivable | 41 | €10,906 | €10,167 | -€739 | -6.8% |
| Cash at bank and in hand | 54/58 | €4,808 | €82,781 | +€77,973 | +1621.6% |
| Deferred charges and accrued income | 490/1 | €124 | €127 | +€2 | +1.9% |
| Total equity and liabilities | 10/49 | €545,091 | €547,318 | +€2,226 | +0.4% |
| Equity | 10/15 | €267,086 | €295,950 | +€28,865 | +10.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €60,465 | €89,315 | +€28,850 | +47.7% |
| Distributable reserves | 133 | €60,465 | €89,315 | +€28,850 | +47.7% |
| Profit (loss) carried forward | 14 | €66,621 | €66,635 | +€15 | 0.0% |
| Amounts payable | 17/49 | €278,006 | €251,367 | -€26,638 | -9.6% |
| Amounts payable after more than one year | 17 | €244,019 | €223,513 | -€20,506 | -8.4% |
| Financial debts | 170/4 | €244,019 | €223,513 | -€20,506 | -8.4% |
| Amounts payable within one year | 42/48 | €33,986 | €27,854 | -€6,132 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €21,362 | €21,848 | +€486 | +2.3% |
| Trade debts | 44 | €1,229 | €128 | -€1,101 | -89.6% |
| Suppliers | 440/4 | €1,229 | €128 | -€1,101 | -89.6% |
| Taxes, remuneration and social security | 45 | €11,395 | €5,877 | -€5,518 | -48.4% |
| Taxes | 450/3 | €11,395 | €5,877 | -€5,518 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,320 | €20,051 | +€731 | +3.8% |
| Other operating charges | 640/8 | €4,127 | €2,036 | -€2,091 | -50.7% |
| Gross operating margin | 9900 | €62,785 | €73,234 | +€10,449 | +16.6% |
| Operating profit (loss) | 9901 | €39,339 | €51,148 | +€11,809 | +30.0% |
| Financial charges | 65/66B | €4,404 | €6,696 | +€2,292 | +52.0% |
| Recurring financial charges | 65 | €4,404 | €6,696 | +€2,292 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €34,935 | €44,452 | +€9,517 | +27.2% |
| Income taxes | 67/77 | €11,387 | €15,587 | +€4,200 | +36.9% |
| Profit (loss) for the period | 9904 | €23,548 | €28,865 | +€5,317 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,548 | €28,865 | +€5,317 | +22.6% |
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 9 October 2026 via checked.be.