DGE 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.
DGE IMMO
Largest movements
- Cash -€171,409
down €171,409 (-55.4%), from €309,655 to €138,246
mainly Debts after one year (-€124,779) and Receivables within one year (-€116,826)
- Receivables within one year +€116,826
up €116,826 (+456.5%), from €25,591 to €142,417
of which Other amounts receivable: +€114,258
- Tangible fixed assets -€105,115
down €105,115 (-4.1%), from €2.6m to €2.5m
of which Land and buildings: -€59,299
- Debts after one year -€124,779
down €124,779 (-8.8%), from €1.4m to €1.3m
of which Financial debts: -€124,779
- Other operating charges +€35,741
up €35,741 (+514.0%), from €6,953 to €42,694
- Gross operating margin -€15,072
down €15,072 (-5.7%), from €262,473 to €247,401
- Taxes -€13,410
no longer reported in 2025 (was €13,410)
- Financial charges +€4,866
up €4,866 (+14.0%), from €34,709 to €39,575
- Depreciation +€4,194
up €4,194 (+2.3%), from €181,368 to €185,562
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 | €2,907,197 | €2,747,498 | -€159,699 | -5.5% |
| Fixed assets | 21/28 | €2,571,951 | €2,466,836 | -€105,115 | -4.1% |
| Tangible fixed assets | 22/27 | €2,570,281 | €2,465,165 | -€105,115 | -4.1% |
| Land and buildings | 22 | €2,296,854 | €2,237,555 | -€59,299 | -2.6% |
| Plant, machinery and equipment | 23 | €273,427 | €227,610 | -€45,817 | -16.8% |
| Financial fixed assets | 28 | €1,670 | €1,670 | = | 0.0% |
| Current assets | 29/58 | €335,246 | €280,663 | -€54,584 | -16.3% |
| Amounts receivable within one year | 40/41 | €25,591 | €142,417 | +€116,826 | +456.5% |
| Trade receivables | 40 | €2,100 | €4,667 | +€2,567 | +122.3% |
| Other amounts receivable | 41 | €23,491 | €137,749 | +€114,258 | +486.4% |
| Cash at bank and in hand | 54/58 | €309,655 | €138,246 | -€171,409 | -55.4% |
| Total equity and liabilities | 10/49 | €2,907,197 | €2,747,498 | -€159,699 | -5.5% |
| Equity | 10/15 | €1,177,612 | €1,158,644 | -€18,968 | -1.6% |
| Contributions | 10/11 | €435,000 | €435,000 | = | 0.0% |
| Capital | 10 | €435,000 | €435,000 | = | 0.0% |
| Issued capital | 100 | €435,000 | €435,000 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €168,166 | €162,317 | -€5,849 | -3.5% |
| Non-distributable reserves | 130/1 | €38,289 | €38,289 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,289 | €38,289 | = | 0.0% |
| Tax-exempt reserves | 132 | €129,877 | €124,028 | -€5,849 | -4.5% |
| Profit (loss) carried forward | 14 | €74,446 | €61,327 | -€13,119 | -17.6% |
| Provisions and deferred taxes | 16 | €27,782 | €26,320 | -€1,462 | -5.3% |
| Deferred taxes | 168 | €27,782 | €26,320 | -€1,462 | -5.3% |
| Amounts payable | 17/49 | €1,701,803 | €1,562,535 | -€139,269 | -8.2% |
| Amounts payable after more than one year | 17 | €1,411,683 | €1,286,905 | -€124,779 | -8.8% |
| Financial debts | 170/4 | €1,325,341 | €1,200,562 | -€124,779 | -9.4% |
| Other amounts payable | 178/9 | €86,342 | €86,342 | = | 0.0% |
| Amounts payable within one year | 42/48 | €290,120 | €274,955 | -€15,165 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €119,569 | €124,781 | +€5,212 | +4.4% |
| Taxes, remuneration and social security | 45 | €142,834 | €122,194 | -€20,640 | -14.5% |
| Taxes | 450/3 | €142,834 | €122,194 | -€20,640 | -14.5% |
| Other amounts payable | 47/48 | €27,716 | €27,980 | +€263 | +1.0% |
| Accrued charges and deferred income | 492/3 | - | €675 | +€675 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,368 | €185,562 | +€4,194 | +2.3% |
| Other operating charges | 640/8 | €6,953 | €42,694 | +€35,741 | +514.0% |
| Gross operating margin | 9900 | €262,473 | €247,401 | -€15,072 | -5.7% |
| Operating profit (loss) | 9901 | €74,151 | €19,145 | -€55,007 | -74.2% |
| Financial charges | 65/66B | €34,709 | €39,575 | +€4,866 | +14.0% |
| Recurring financial charges | 65 | €34,709 | €39,575 | +€4,866 | +14.0% |
| Profit (loss) for the period before taxes | 9903 | €39,442 | -€20,430 | -€59,872 | |
| Transfer from deferred taxes | 780 | €1,462 | €1,462 | = | 0.0% |
| Income taxes | 67/77 | €13,410 | - | -€13,410 | |
| Profit (loss) for the period | 9904 | €27,494 | -€18,968 | -€46,462 | |
| Transfer from tax-exempt reserves | 789 | €5,849 | €5,849 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,343 | -€13,119 | -€46,462 |
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 7 October 2026 via checked.be.