DL IMMO Group: what changed
Two financial 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 Group
Largest movements
- Tangible fixed assets +€137,115
up €137,115 (+68.4%), from €200,568 to €337,683
of which Land and buildings: +€156,276
- Deferred charges and accrued income +€63,803
up €63,803 (+1301.7%), from €4,902 to €68,704
- Cash -€17,036
down €17,036 (-27.7%), from €61,504 to €44,468
mainly Investment in fixed assets (net) (-€195,626) and Deferred charges and accrued income (-€63,803)
- Debts after one year +€215,044
new in 2024: €215,044
- Other debts -€26,787
down €26,787 (-48.5%), from €55,193 to €28,406
- Tax, wage and social debts -€15,157
down €15,157 (-76.3%), from €19,875 to €4,718
- Current portion of long-term debt +€6,902
up €6,902 (+154.5%), from €4,466 to €11,368
- Depreciation +€33,590
up €33,590 (+134.8%), from €24,921 to €58,511
- Financial charges +€4,714
up €4,714 (+580.0%), from €813 to €5,526
- Taxes -€3,586
down €3,586 (-37.0%), from €9,680 to €6,094
- Gross operating margin -€1,938
down €1,938 (-2.4%), from €80,683 to €78,745
- Other operating charges +€826
up €826 (+12.3%), from €6,719 to €7,546
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,076 | €490,855 | +€181,779 | +58.8% |
| Fixed assets | 21/28 | €200,568 | €337,683 | +€137,115 | +68.4% |
| Tangible fixed assets | 22/27 | €200,568 | €337,683 | +€137,115 | +68.4% |
| Land and buildings | 22 | €160,700 | €316,977 | +€156,276 | +97.2% |
| Plant, machinery and equipment | 23 | €14,242 | €10,533 | -€3,709 | -26.0% |
| Furniture and vehicles | 24 | €25,626 | €10,174 | -€15,452 | -60.3% |
| Current assets | 29/58 | €108,508 | €153,172 | +€44,664 | +41.2% |
| Amounts receivable within one year | 40/41 | €42,102 | €40,000 | -€2,102 | -5.0% |
| Trade receivables | 40 | €1,289 | - | -€1,289 | |
| Other amounts receivable | 41 | €40,814 | €40,000 | -€814 | -2.0% |
| Cash at bank and in hand | 54/58 | €61,504 | €44,468 | -€17,036 | -27.7% |
| Deferred charges and accrued income | 490/1 | €4,902 | €68,704 | +€63,803 | +1301.7% |
| Total equity and liabilities | 10/49 | €309,076 | €490,855 | +€181,779 | +58.8% |
| Equity | 10/15 | €226,421 | €227,489 | +€1,068 | +0.5% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €56,000 | €57,000 | +€1,000 | +1.8% |
| Distributable reserves | 133 | €56,000 | €57,000 | +€1,000 | +1.8% |
| Profit (loss) carried forward | 14 | €421 | €489 | +€68 | +16.1% |
| Amounts payable | 17/49 | €82,655 | €263,366 | +€180,712 | +218.6% |
| Amounts payable after more than one year | 17 | - | €215,044 | +€215,044 | |
| Financial debts | 170/4 | - | €215,044 | +€215,044 | |
| Amounts payable within one year | 42/48 | €82,655 | €47,672 | -€34,982 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €4,466 | €11,368 | +€6,902 | +154.5% |
| Trade debts | 44 | €3,120 | €3,180 | +€59 | +1.9% |
| Suppliers | 440/4 | €3,120 | €3,180 | +€59 | +1.9% |
| Taxes, remuneration and social security | 45 | €19,875 | €4,718 | -€15,157 | -76.3% |
| Taxes | 450/3 | €19,875 | €4,718 | -€15,157 | -76.3% |
| Other amounts payable | 47/48 | €55,193 | €28,406 | -€26,787 | -48.5% |
| Accrued charges and deferred income | 492/3 | - | €650 | +€650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,921 | €58,511 | +€33,590 | +134.8% |
| Other operating charges | 640/8 | €6,719 | €7,546 | +€826 | +12.3% |
| Gross operating margin | 9900 | €80,683 | €78,745 | -€1,938 | -2.4% |
| Operating profit (loss) | 9901 | €49,043 | €12,688 | -€36,354 | -74.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €813 | €5,526 | +€4,714 | +580.0% |
| Recurring financial charges | 65 | €813 | €5,526 | +€4,714 | +580.0% |
| Profit (loss) for the period before taxes | 9903 | €48,230 | €7,162 | -€41,068 | -85.2% |
| Income taxes | 67/77 | €9,680 | €6,094 | -€3,586 | -37.0% |
| Profit (loss) for the period | 9904 | €38,550 | €1,068 | -€37,482 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,550 | €1,068 | -€37,482 | -97.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.