DNV 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.
DNV IMMO
Largest movements
- Receivables within one year +€71,503
up €71,503 (+90.8%), from €78,772 to €150,275
of which Trade receivables: +€71,503
- Tangible fixed assets -€17,293
down €17,293 (-4.7%), from €364,443 to €347,150
of which Land and buildings: -€10,654
- Other debts +€104,104
up €104,104 (+35.9%), from €289,596 to €393,700
- Debts after one year -€68,967
down €68,967 (-20.1%), from €342,592 to €273,625
- Current portion of long-term debt +€23,929
new in 2025: €23,929
- Profit (loss) carried forward -€7,668
down €7,668 (-4.0%), from -€190,369 to -€198,037
- Gross operating margin -€10,318
down €10,318, from €3,686 to -€6,632
- Depreciation -€8,937
down €8,937 (-68.1%), from €13,133 to €4,196
- Other operating charges +€773
up €773 (+227.8%), from €339 to €1,113
- Financial charges +€196
up €196 (+24.1%), from €814 to €1,011
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,019 | €501,513 | +€53,494 | +11.9% |
| Fixed assets | 21/28 | €364,443 | €347,150 | -€17,293 | -4.7% |
| Tangible fixed assets | 22/27 | €364,443 | €347,150 | -€17,293 | -4.7% |
| Land and buildings | 22 | €355,805 | €345,150 | -€10,654 | -3.0% |
| Furniture and vehicles | 24 | €8,638 | €2,000 | -€6,638 | -76.8% |
| Current assets | 29/58 | €83,576 | €154,363 | +€70,787 | +84.7% |
| Amounts receivable within one year | 40/41 | €78,772 | €150,275 | +€71,503 | +90.8% |
| Trade receivables | 40 | €53,351 | €124,854 | +€71,503 | +134.0% |
| Other amounts receivable | 41 | €25,422 | €25,422 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,804 | €1,562 | -€3,242 | -67.5% |
| Deferred charges and accrued income | 490/1 | - | €2,526 | +€2,526 | |
| Total equity and liabilities | 10/49 | €448,019 | €501,513 | +€53,494 | +11.9% |
| Equity | 10/15 | -€184,169 | -€191,837 | -€7,668 | -4.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€190,369 | -€198,037 | -€7,668 | -4.0% |
| Amounts payable | 17/49 | €632,188 | €693,350 | +€61,162 | +9.7% |
| Amounts payable after more than one year | 17 | €342,592 | €273,625 | -€68,967 | -20.1% |
| Financial debts | 170/4 | €342,592 | €273,625 | -€68,967 | -20.1% |
| Amounts payable within one year | 42/48 | €289,596 | €419,725 | +€130,129 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | - | €23,929 | +€23,929 | |
| Trade debts | 44 | - | €2,096 | +€2,096 | |
| Suppliers | 440/4 | - | €2,096 | +€2,096 | |
| Other amounts payable | 47/48 | €289,596 | €393,700 | +€104,104 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,133 | €4,196 | -€8,937 | -68.1% |
| Other operating charges | 640/8 | €339 | €1,113 | +€773 | +227.8% |
| Gross operating margin | 9900 | €3,686 | -€6,632 | -€10,318 | |
| Operating profit (loss) | 9901 | -€9,786 | -€11,940 | -€2,154 | -22.0% |
| Financial charges | 65/66B | €814 | €1,011 | +€196 | +24.1% |
| Recurring financial charges | 65 | €814 | €1,011 | +€196 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,600 | -€12,951 | -€2,350 | -22.2% |
| Profit (loss) for the period | 9904 | -€10,600 | -€12,951 | -€2,350 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,600 | -€12,951 | -€2,350 | -22.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.