DELNIMO: 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.
What changed
DELNIMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€568,979
2024 · -€570,594+€1,615
Equity
€1.5m
2024 · €2.1m-€568,979
Cash
€526,770
2024 · €616,017-€89,247
Balance sheet total
€14.2m
2024 · €15.1m-€896,785
Largest movements
Assets
- Intangible fixed assets -€709,589
down €709,589 (-25.0%), from €2.8m to €2.1m
- Tangible fixed assets -€180,018
down €180,018 (-1.6%), from €11.4m to €11.2m
of which Land and buildings: -€323,631
Equity and liabilities
- Profit (loss) carried forward -€526,218
down €526,218 (-132.3%), from -€397,705 to -€923,923
- Debts after one year -€473,713
down €473,713 (-4.0%), from €11.8m to €11.4m
of which Other amounts payable: -€237,166
- Other debts +€168,981
up €168,981 (+37.1%), from €455,486 to €624,467
Income statement
- Gross operating margin +€98,717
up €98,717 (+10.0%), from €988,682 to €1.1m
- Other operating charges +€42,053
up €42,053 (+43.9%), from €95,879 to €137,932
- Depreciation +€22,115
up €22,115 (+1.7%), from €1.3m to €1.3m
- Financial charges -€17,839
down €17,839 (-14.9%), from €119,877 to €102,038
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.
Result 2024
-€570,594
Gross operating margin
+€98,717
Staff costs
-€165
Depreciation
-€22,115
Other operating charges
-€42,053
Other operating items
-€47,058
Financial income
+€871
Financial charges
+€17,839
Taxes
-€2,852
Deferred taxes and other
-€1,569
Result 2025
-€568,979
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.
From operations
+€766,806
Investment
-€433,361
Financing
-€422,692
Cash 2024
€616,017
From operations (derived)
+€766,806
Net result for the year
-€568,979
Depreciation
+€1.3m
Receivables within one year
-€89,751
Deferred charges and accrued income
+€7,623
Provisions
-€21,364
Trade debts
+€50,019
Tax, wage and social debts
-€5,260
Other debts
+€168,981
Accrued charges and deferred income
-€97,491
Investment (derived)
-€433,361
Investment in fixed assets (net)
-€433,361
Financing
-€422,692
Debts after one year
-€473,713
Current portion of long-term debt
+€51,021
Cash 2025
€526,770
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,057,981 | €14,161,196 | -€896,785 | -6.0% |
| Fixed assets | 21/28 | €14,255,360 | €13,365,693 | -€889,667 | -6.2% |
| Intangible fixed assets | 21 | €2,838,355 | €2,128,766 | -€709,589 | -25.0% |
| Tangible fixed assets | 22/27 | €11,416,945 | €11,236,927 | -€180,018 | -1.6% |
| Land and buildings | 22 | €8,287,709 | €7,964,078 | -€323,631 | -3.9% |
| Furniture and vehicles | 24 | €42,342 | €2,501 | -€39,841 | -94.1% |
| Other tangible fixed assets | 26 | €3,086,894 | €3,270,347 | +€183,454 | +5.9% |
| Financial fixed assets | 28 | €60 | - | -€60 | |
| Current assets | 29/58 | €802,621 | €795,503 | -€7,119 | -0.9% |
| Amounts receivable within one year | 40/41 | €95,185 | €184,936 | +€89,751 | +94.3% |
| Trade receivables | 40 | €32,012 | €34,325 | +€2,313 | +7.2% |
| Other amounts receivable | 41 | €63,173 | €150,612 | +€87,439 | +138.4% |
| Cash at bank and in hand | 54/58 | €616,017 | €526,770 | -€89,247 | -14.5% |
| Deferred charges and accrued income | 490/1 | €91,419 | €83,796 | -€7,623 | -8.3% |
| Total equity and liabilities | 10/49 | €15,057,981 | €14,161,196 | -€896,785 | -6.0% |
| Equity | 10/15 | €2,082,945 | €1,513,966 | -€568,979 | -27.3% |
| Contributions | 10/11 | €1,715,003 | €1,715,003 | = | 0.0% |
| Capital | 10 | €1,218,748 | €1,218,748 | = | 0.0% |
| Issued capital | 100 | €1,218,748 | €1,218,748 | = | 0.0% |
| Outside capital | 11 | €496,255 | €496,255 | = | 0.0% |
| Share premium | 1100/10 | €496,255 | €496,255 | = | 0.0% |
| Reserves | 13 | €765,647 | €722,886 | -€42,761 | -5.6% |
| Non-distributable reserves | 130/1 | €120,447 | €120,447 | = | 0.0% |
| Legal reserve | 130 | €120,447 | €120,447 | = | 0.0% |
| Tax-exempt reserves | 132 | €645,200 | €602,439 | -€42,761 | -6.6% |
| Profit (loss) carried forward | 14 | -€397,705 | -€923,923 | -€526,218 | -132.3% |
| Provisions and deferred taxes | 16 | €322,336 | €300,972 | -€21,364 | -6.6% |
| Deferred taxes | 168 | €322,336 | €300,972 | -€21,364 | -6.6% |
| Amounts payable | 17/49 | €12,652,699 | €12,346,257 | -€306,442 | -2.4% |
| Amounts payable after more than one year | 17 | €11,842,293 | €11,368,580 | -€473,713 | -4.0% |
| Financial debts | 170/4 | €2,683,322 | €2,446,775 | -€236,547 | -8.8% |
| Other amounts payable | 178/9 | €9,158,971 | €8,921,805 | -€237,166 | -2.6% |
| Amounts payable within one year | 42/48 | €642,268 | €907,031 | +€264,762 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €119,276 | €170,297 | +€51,021 | +42.8% |
| Trade debts | 44 | €47,591 | €97,611 | +€50,019 | +105.1% |
| Suppliers | 440/4 | €47,591 | €97,611 | +€50,019 | +105.1% |
| Taxes, remuneration and social security | 45 | €19,915 | €14,656 | -€5,260 | -26.4% |
| Taxes | 450/3 | €19,560 | €14,298 | -€5,262 | -26.9% |
| Remuneration and social security | 454/9 | €356 | €358 | +€2 | +0.6% |
| Other amounts payable | 47/48 | €455,486 | €624,467 | +€168,981 | +37.1% |
| Accrued charges and deferred income | 492/3 | €168,138 | €70,647 | -€97,491 | -58.0% |
| Remuneration, social security and pensions | 62 | €4,017 | €4,181 | +€165 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300,913 | €1,323,028 | +€22,115 | +1.7% |
| Other operating charges | 640/8 | €95,879 | €137,932 | +€42,053 | +43.9% |
| Non-recurring operating charges | 66A | - | €47,058 | +€47,058 | |
| Gross operating margin | 9900 | €988,682 | €1,087,400 | +€98,717 | +10.0% |
| Operating profit (loss) | 9901 | -€412,125 | -€424,799 | -€12,674 | -3.1% |
| Financial income | 75/76B | €432 | €1,303 | +€871 | +201.8% |
| Recurring financial income | 75 | €432 | €1,303 | +€871 | +201.8% |
| Financial charges | 65/66B | €119,877 | €102,038 | -€17,839 | -14.9% |
| Recurring financial charges | 65 | €119,877 | €102,038 | -€17,839 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | -€531,571 | -€525,534 | +€6,036 | +1.1% |
| Transfer from deferred taxes | 780 | €22,933 | €21,364 | -€1,569 | -6.8% |
| Income taxes | 67/77 | €61,957 | €64,809 | +€2,852 | +4.6% |
| Profit (loss) for the period | 9904 | -€570,594 | -€568,979 | +€1,615 | +0.3% |
| Transfer from tax-exempt reserves | 789 | €45,809 | €42,761 | -€3,047 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€524,785 | -€526,218 | -€1,433 | -0.3% |
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 5 October 2026 via checked.be.