DELVIGNE IMMO: 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.
DELVIGNE IMMO
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+443.8%), from €271,850 to €1.5m
- Receivables within one year -€113,544
down €113,544 (-63.4%), from €179,140 to €65,596
of which Trade receivables: -€161,760
- Cash +€27,389
up €27,389 (+275.7%), from €9,934 to €37,322
mainly Debts after one year (+€951,110) and Other debts (+€190,777)
- Debts after one year +€951,110
up €951,110 (+529.3%), from €179,696 to €1.1m
- Other debts +€190,777
up €190,777 (+238.5%), from €80,000 to €270,777
- Profit (loss) carried forward -€60,142
new in 2025: -€60,142
- Current portion of long-term debt +€50,554
up €50,554 (+140.6%), from €35,967 to €86,521
- Trade debts -€20,868
down €20,868 (-88.6%), from €23,545 to €2,677
- Depreciation +€132,179
up €132,179 (+256.0%), from €51,638 to €183,817
- Taxes -€22,443
no longer reported in 2025 (was €22,443)
- Gross operating margin +€17,871
up €17,871 (+12.1%), from €148,131 to €166,002
- Financial charges +€14,800
up €14,800 (+110.7%), from €13,365 to €28,165
- Other operating charges +€13,327
up €13,327 (+1593.8%), from €836 to €14,163
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 | €460,924 | €1,587,246 | +€1.1m | +244.4% |
| Fixed assets | 21/28 | €271,850 | €1,478,328 | +€1.2m | +443.8% |
| Tangible fixed assets | 22/27 | €271,850 | €1,478,328 | +€1.2m | +443.8% |
| Land and buildings | 22 | €271,850 | €1,478,328 | +€1.2m | +443.8% |
| Current assets | 29/58 | €189,074 | €108,918 | -€80,155 | -42.4% |
| Amounts receivable within one year | 40/41 | €179,140 | €65,596 | -€113,544 | -63.4% |
| Trade receivables | 40 | €179,140 | €17,380 | -€161,760 | -90.3% |
| Other amounts receivable | 41 | - | €48,216 | +€48,216 | |
| Current investments | 50/53 | - | €6,000 | +€6,000 | |
| Cash at bank and in hand | 54/58 | €9,934 | €37,322 | +€27,389 | +275.7% |
| Total equity and liabilities | 10/49 | €460,924 | €1,587,246 | +€1.1m | +244.4% |
| Equity | 10/15 | €109,849 | €49,707 | -€60,142 | -54.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €59,849 | €59,849 | = | 0.0% |
| Distributable reserves | 133 | €59,849 | €59,849 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€60,142 | -€60,142 | |
| Amounts payable | 17/49 | €351,075 | €1,537,539 | +€1.2m | +338.0% |
| Amounts payable after more than one year | 17 | €179,696 | €1,130,807 | +€951,110 | +529.3% |
| Financial debts | 170/4 | €179,696 | €1,130,807 | +€951,110 | +529.3% |
| Amounts payable within one year | 42/48 | €171,379 | €406,733 | +€235,354 | +137.3% |
| Current portion of amounts payable after more than one year | 42 | €35,967 | €86,521 | +€50,554 | +140.6% |
| Trade debts | 44 | €23,545 | €2,677 | -€20,868 | -88.6% |
| Suppliers | 440/4 | €23,545 | €2,677 | -€20,868 | -88.6% |
| Taxes, remuneration and social security | 45 | €31,867 | €46,758 | +€14,891 | +46.7% |
| Taxes | 450/3 | €27,867 | €46,758 | +€18,891 | +67.8% |
| Remuneration and social security | 454/9 | €4,000 | - | -€4,000 | |
| Other amounts payable | 47/48 | €80,000 | €270,777 | +€190,777 | +238.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,638 | €183,817 | +€132,179 | +256.0% |
| Other operating charges | 640/8 | €836 | €14,163 | +€13,327 | +1593.8% |
| Gross operating margin | 9900 | €148,131 | €166,002 | +€17,871 | +12.1% |
| Operating profit (loss) | 9901 | €95,656 | -€31,978 | -€127,634 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €13,365 | €28,165 | +€14,800 | +110.7% |
| Recurring financial charges | 65 | €13,365 | €28,165 | +€14,800 | +110.7% |
| Profit (loss) for the period before taxes | 9903 | €82,292 | -€60,142 | -€142,434 | |
| Income taxes | 67/77 | €22,443 | - | -€22,443 | |
| Profit (loss) for the period | 9904 | €59,849 | -€60,142 | -€119,990 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,849 | -€60,142 | -€119,990 |
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 8 October 2026 via checked.be.