DL 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.
DL IMMO
Largest movements
- Tangible fixed assets +€20,943
up €20,943 (+3.0%), from €690,493 to €711,436
of which Land and buildings: +€20,943
- Trade debts +€41,543
up €41,543 (+115.3%), from €36,024 to €77,567
- Debts after one year -€27,018
down €27,018 (-4.7%), from €570,849 to €543,831
- Profit (loss) carried forward -€7,393
down €7,393 (-14.7%), from -€50,399 to -€57,792
- Gross operating margin +€15,965
up €15,965 (+146.8%), from €10,876 to €26,841
- Depreciation +€13,171
up €13,171 (+141.4%), from €9,312 to €22,483
- Financial income -€895
no longer reported in 2025 (was €895)
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 | €708,061 | €726,155 | +€18,094 | +2.6% |
| Fixed assets | 21/28 | €690,493 | €711,436 | +€20,943 | +3.0% |
| Tangible fixed assets | 22/27 | €690,493 | €711,436 | +€20,943 | +3.0% |
| Land and buildings | 22 | €690,493 | €711,436 | +€20,943 | +3.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €17,569 | €14,719 | -€2,849 | -16.2% |
| Amounts receivable within one year | 40/41 | €17,077 | €13,764 | -€3,313 | -19.4% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €17,077 | €13,764 | -€3,313 | -19.4% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €491 | €955 | +€464 | +94.4% |
| Total equity and liabilities | 10/49 | €708,061 | €726,155 | +€18,094 | +2.6% |
| Equity | 10/15 | €49,601 | €42,208 | -€7,393 | -14.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,399 | -€57,792 | -€7,393 | -14.7% |
| Amounts payable | 17/49 | €658,461 | €683,947 | +€25,487 | +3.9% |
| Amounts payable after more than one year | 17 | €570,849 | €543,831 | -€27,018 | -4.7% |
| Financial debts | 170/4 | €570,849 | €543,831 | -€27,018 | -4.7% |
| Amounts payable within one year | 42/48 | €85,946 | €135,161 | +€49,215 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €26,554 | €27,019 | +€465 | +1.8% |
| Trade debts | 44 | €36,024 | €77,567 | +€41,543 | +115.3% |
| Suppliers | 440/4 | €36,024 | €77,567 | +€41,543 | +115.3% |
| Taxes, remuneration and social security | 45 | €876 | €876 | = | 0.0% |
| Taxes | 450/3 | €876 | €876 | = | 0.0% |
| Other amounts payable | 47/48 | €22,492 | €29,699 | +€7,207 | +32.0% |
| Accrued charges and deferred income | 492/3 | €1,666 | €4,956 | +€3,290 | +197.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,312 | €22,483 | +€13,171 | +141.4% |
| Other operating charges | 640/8 | €1,343 | €1,427 | +€84 | +6.2% |
| Gross operating margin | 9900 | €10,876 | €26,841 | +€15,965 | +146.8% |
| Operating profit (loss) | 9901 | €221 | €2,931 | +€2,710 | +1228.5% |
| Financial income | 75/76B | €895 | - | -€895 | |
| Recurring financial income | 75 | €895 | - | -€895 | |
| Financial charges | 65/66B | €10,418 | €10,324 | -€94 | -0.9% |
| Recurring financial charges | 65 | €10,418 | €10,324 | -€94 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,303 | -€7,393 | +€1,910 | +20.5% |
| Profit (loss) for the period | 9904 | -€9,303 | -€7,393 | +€1,910 | +20.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,303 | -€7,393 | +€1,910 | +20.5% |
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.