DREAM TEAM IMMO: 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.
DREAM TEAM IMMO
Largest movements
- Tangible fixed assets +€131,358
up €131,358 (+13.6%), from €968,720 to €1.1m
of which Land and buildings: +€75,196
- Cash -€82,507
down €82,507 (-53.2%), from €154,985 to €72,478
mainly Investment in fixed assets (net) (-€215,138) and Debts after one year (-€53,725)
- Receivables within one year -€75,036
down €75,036 (-82.0%), from €91,522 to €16,486
of which Trade receivables: -€71,803
- Debts after one year -€53,725
down €53,725 (-24.8%), from €216,254 to €162,529
- Tax, wage and social debts +€14,732
up €14,732 (+784%), from €1,880 to €16,612
- Profit (loss) carried forward +€12,832
up €12,832, from -€4,895 to €7,937
- Gross operating margin +€43,283
up €43,283 (+56.2%), from €76,951 to €120,234
- Depreciation +€19,109
up €19,109 (+29.2%), from €65,549 to €84,658
- Other operating charges +€9,762
up €9,762 (+6,508%), from €150 to €9,912
- Financial charges +€3,186
up €3,186 (+45.5%), from €6,997 to €10,183
- Taxes +€2,650
new in 2025: €2,650
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.
Derived cash bridge
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 | €1,226,947 | €1,202,550 | -€24,397 | -2.0% |
| Formation expenses | 20 | €1,756 | €878 | -€878 | -50.0% |
| Fixed assets | 21/28 | €968,720 | €1,100,078 | +€131,358 | +13.6% |
| Tangible fixed assets | 22/27 | €968,720 | €1,100,078 | +€131,358 | +13.6% |
| Land and buildings | 22 | €854,500 | €929,696 | +€75,196 | +8.8% |
| Furniture and vehicles | 24 | €25,246 | €30,733 | +€5,487 | +21.7% |
| Other tangible fixed assets | 26 | €88,974 | €139,649 | +€50,675 | +57.0% |
| Current assets | 29/58 | €256,471 | €101,594 | -€154,877 | -60.4% |
| Amounts receivable within one year | 40/41 | €91,522 | €16,486 | -€75,036 | -82.0% |
| Trade receivables | 40 | €88,289 | €16,486 | -€71,803 | -81.3% |
| Other amounts receivable | 41 | €3,233 | - | -€3,233 | |
| Cash at bank and in hand | 54/58 | €154,985 | €72,478 | -€82,507 | -53.2% |
| Deferred charges and accrued income | 490/1 | €9,964 | €12,630 | +€2,666 | +26.8% |
| Total equity and liabilities | 10/49 | €1,226,947 | €1,202,550 | -€24,397 | -2.0% |
| Equity | 10/15 | €5,105 | €17,937 | +€12,832 | +251% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,895 | €7,937 | +€12,832 | |
| Amounts payable | 17/49 | €1,221,842 | €1,184,613 | -€37,229 | -3.0% |
| Amounts payable after more than one year | 17 | €216,254 | €162,529 | -€53,725 | -24.8% |
| Financial debts | 170/4 | €216,254 | €162,529 | -€53,725 | -24.8% |
| Amounts payable within one year | 42/48 | €1,005,588 | €1,022,084 | +€16,496 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €66,355 | €66,355 | = | 0.0% |
| Trade debts | 44 | €62,353 | €55,317 | -€7,036 | -11.3% |
| Suppliers | 440/4 | €62,353 | €55,317 | -€7,036 | -11.3% |
| Advances received on contracts in progress | 46 | - | €8,800 | +€8,800 | |
| Taxes, remuneration and social security | 45 | €1,880 | €16,612 | +€14,732 | +784% |
| Taxes | 450/3 | €1,880 | €16,612 | +€14,732 | +784% |
| Other amounts payable | 47/48 | €875,000 | €875,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,549 | €84,658 | +€19,109 | +29.2% |
| Other operating charges | 640/8 | €150 | €9,912 | +€9,762 | +6,508% |
| Gross operating margin | 9900 | €76,951 | €120,234 | +€43,283 | +56.2% |
| Operating profit (loss) | 9901 | €11,252 | €25,664 | +€14,412 | +128% |
| Financial income | 75/76B | €139 | €1 | -€138 | -99.3% |
| Recurring financial income | 75 | €139 | €1 | -€138 | -99.3% |
| Financial charges | 65/66B | €6,997 | €10,183 | +€3,186 | +45.5% |
| Recurring financial charges | 65 | €6,997 | €10,183 | +€3,186 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €4,394 | €15,482 | +€11,088 | +252% |
| Income taxes | 67/77 | - | €2,650 | +€2,650 | |
| Profit (loss) for the period | 9904 | €4,394 | €12,832 | +€8,438 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €4,394 | €12,832 | +€8,438 | +192% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.