DGP 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.
What changed
DGP IMMO
NACE 68.122, Development of non-residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€129,807
2024 · €30,573+€99,234
Equity
€137,476
2024 · €7,669+€129,807
Cash
€117,755
2024 · €105,509+€12,247
Balance sheet total
€1.3m
2024 · €620,691+€697,207
Largest movements
Assets
- Stocks and contracts +€694,268
up €694,268 (+296.4%), from €234,271 to €928,539
Equity and liabilities
- Debts after one year +€461,960
up €461,960 (+109.8%), from €420,639 to €882,600
- Reserves +€133,476
new in 2025: €133,476
- Other debts +€118,241
up €118,241 (+111.5%), from €106,010 to €224,251
- Tax, wage and social debts -€19,720
down €19,720 (-29.2%), from €67,436 to €47,716
of which Taxes: -€21,970
Income statement
- Gross operating margin +€143,828
up €143,828 (+184.4%), from €77,981 to €221,809
- Taxes +€36,259
up €36,259 (+1295.0%), from €2,800 to €39,059
- Financial charges +€7,495
up €7,495 (+25.1%), from €29,813 to €37,308
- Depreciation +€2,248
up €2,248 (+18.6%), from €12,071 to €14,319
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
€30,573
Gross operating margin
+€143,828
Depreciation
-€2,248
Other operating charges
+€1,128
Financial income
+€280
Financial charges
-€7,495
Taxes
-€36,259
Result 2025
€129,807
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
-€442,381
Investment
-€8,347
Financing
+€462,975
Cash 2024
€105,509
From operations (derived)
-€442,381
Net result for the year
+€129,807
Depreciation
+€14,319
Stocks and contracts
-€694,268
Receivables within one year
+€4,570
Deferred charges and accrued income
-€1,234
Trade debts
+€2,854
Tax, wage and social debts
-€19,720
Other debts
+€118,241
Accrued charges and deferred income
+€3,051
Investment (derived)
-€8,347
Investment in fixed assets (net)
-€8,347
Financing
+€462,975
Debts after one year
+€461,960
Current portion of long-term debt
+€1,014
Cash 2025
€117,755
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €620,691 | €1,317,899 | +€697,207 | +112.3% |
| Fixed assets | 21/28 | €254,863 | €248,892 | -€5,972 | -2.3% |
| Tangible fixed assets | 22/27 | €254,863 | €248,892 | -€5,972 | -2.3% |
| Land and buildings | 22 | €243,100 | €239,855 | -€3,245 | -1.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €379 | €9,037 | +€8,658 | +2286.6% |
| Leasing and similar rights | 25 | €11,384 | €0 | -€11,384 | -100.0% |
| Current assets | 29/58 | €365,828 | €1,069,007 | +€703,179 | +192.2% |
| Stocks and contracts in progress | 3 | €234,271 | €928,539 | +€694,268 | +296.4% |
| Stocks | 30/36 | €234,271 | €928,539 | +€694,268 | +296.4% |
| Amounts receivable within one year | 40/41 | €25,874 | €21,305 | -€4,570 | -17.7% |
| Trade receivables | 40 | €25,711 | €21,201 | -€4,510 | -17.5% |
| Other amounts receivable | 41 | €163 | €104 | -€60 | -36.5% |
| Cash at bank and in hand | 54/58 | €105,509 | €117,755 | +€12,247 | +11.6% |
| Deferred charges and accrued income | 490/1 | €174 | €1,408 | +€1,234 | +709.9% |
| Total equity and liabilities | 10/49 | €620,691 | €1,317,899 | +€697,207 | +112.3% |
| Equity | 10/15 | €7,669 | €137,476 | +€129,807 | +1692.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €133,476 | +€133,476 | |
| Distributable reserves | 133 | - | €133,476 | +€133,476 | |
| Profit (loss) carried forward | 14 | €3,669 | €0 | -€3,669 | -100.0% |
| Amounts payable | 17/49 | €613,022 | €1,180,423 | +€567,401 | +92.6% |
| Amounts payable after more than one year | 17 | €420,639 | €882,600 | +€461,960 | +109.8% |
| Financial debts | 170/4 | €420,639 | €882,600 | +€461,960 | +109.8% |
| Amounts payable within one year | 42/48 | €190,793 | €293,183 | +€102,390 | +53.7% |
| Current portion of amounts payable after more than one year | 42 | €7,355 | €8,369 | +€1,014 | +13.8% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €9,993 | €12,847 | +€2,854 | +28.6% |
| Suppliers | 440/4 | €9,993 | €12,847 | +€2,854 | +28.6% |
| Taxes, remuneration and social security | 45 | €67,436 | €47,716 | -€19,720 | -29.2% |
| Taxes | 450/3 | €67,436 | €45,466 | -€21,970 | -32.6% |
| Remuneration and social security | 454/9 | €0 | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €106,010 | €224,251 | +€118,241 | +111.5% |
| Accrued charges and deferred income | 492/3 | €1,589 | €4,640 | +€3,051 | +191.9% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,071 | €14,319 | +€2,248 | +18.6% |
| Other operating charges | 640/8 | €2,750 | €1,622 | -€1,128 | -41.0% |
| Gross operating margin | 9900 | €77,981 | €221,809 | +€143,828 | +184.4% |
| Operating profit (loss) | 9901 | €63,161 | €205,868 | +€142,707 | +225.9% |
| Financial income | 75/76B | €25 | €305 | +€280 | +1133.2% |
| Recurring financial income | 75 | €25 | €305 | +€280 | +1133.2% |
| Financial charges | 65/66B | €29,813 | €37,308 | +€7,495 | +25.1% |
| Recurring financial charges | 65 | €29,813 | €37,308 | +€7,495 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €33,373 | €168,865 | +€135,493 | +406.0% |
| Income taxes | 67/77 | €2,800 | €39,059 | +€36,259 | +1295.0% |
| Profit (loss) for the period | 9904 | €30,573 | €129,807 | +€99,234 | +324.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,573 | €129,807 | +€99,234 | +324.6% |
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 3 October 2026 via checked.be.