DS 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
DS IMMO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€17,378
2023 · €20,872-€3,495
Equity
€188,142
2023 · €172,265+€15,877
Cash
€3,718
2023 · €5,091-€1,373
Balance sheet total
€460,884
2023 · €412,462+€48,421
Largest movements
Assets
- Tangible fixed assets +€49,166
up €49,166 (+34.4%), from €143,101 to €192,268
of which Land and buildings: +€49,387
Equity and liabilities
- Other debts +€43,622
up €43,622 (+90.4%), from €48,262 to €91,883
- Debts after one year -€16,396
down €16,396 (-12.7%), from €129,063 to €112,667
of which Financial debts: -€9,982
- Reserves +€15,877
up €15,877 (+25.6%), from €61,906 to €77,782
of which Distributable reserves: +€15,008
- Tax, wage and social debts +€4,948
up €4,948 (+186.5%), from €2,653 to €7,601
Income statement
- Taxes +€3,256
up €3,256 (+45.5%), from €7,160 to €10,416
- Purchases and services -€2,333
down €2,333 (-6.1%), from €38,055 to €35,722
- Gross operating margin -€744
down €744 (-1.1%), from €69,523 to €68,778
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.
Result 2023
€20,872
Gross operating margin
-€744
Depreciation
+€337
Other operating charges
-€274
Financial income
-€0
Financial charges
+€443
Taxes
-€3,256
Result 2024
€17,378
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.
From operations
+€92,398
Investment
-€76,341
Financing
-€17,431
Cash 2023
€5,091
From operations (derived)
+€92,398
Net result for the year
+€17,378
Depreciation
+€27,174
Receivables within one year
-€1,584
Deferred charges and accrued income
+€955
Trade debts
+€1,488
Tax, wage and social debts
+€4,948
Other debts
+€43,622
Accrued charges and deferred income
-€1,583
Investment (derived)
-€76,341
Investment in fixed assets (net)
-€76,341
Financing
-€17,431
Debts after one year
-€16,396
Current portion of long-term debt
+€465
Contributions, distributions and other
-€1,501
Cash 2024
€3,718
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,462 | €460,884 | +€48,421 | +11.7% |
| Fixed assets | 21/28 | €145,117 | €194,284 | +€49,166 | +33.9% |
| Tangible fixed assets | 22/27 | €143,101 | €192,268 | +€49,166 | +34.4% |
| Land and buildings | 22 | €142,660 | €192,047 | +€49,387 | +34.6% |
| Furniture and vehicles | 24 | €441 | €221 | -€221 | -49.9% |
| Financial fixed assets | 28 | €2,016 | €2,016 | = | 0.0% |
| Current assets | 29/58 | €267,345 | €266,600 | -€745 | -0.3% |
| Amounts receivable within one year | 40/41 | €258,729 | €260,312 | +€1,584 | +0.6% |
| Trade receivables | 40 | €26,310 | €25,671 | -€639 | -2.4% |
| Other amounts receivable | 41 | €232,419 | €234,641 | +€2,222 | +1.0% |
| Cash at bank and in hand | 54/58 | €5,091 | €3,718 | -€1,373 | -27.0% |
| Deferred charges and accrued income | 490/1 | €3,525 | €2,569 | -€955 | -27.1% |
| Total equity and liabilities | 10/49 | €412,462 | €460,884 | +€48,421 | +11.7% |
| Equity | 10/15 | €172,265 | €188,142 | +€15,877 | +9.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €61,906 | €77,782 | +€15,877 | +25.6% |
| Non-distributable reserves | 130/1 | €2,903 | €3,772 | +€869 | +29.9% |
| Legal reserve | 130 | €2,903 | €3,772 | +€869 | +29.9% |
| Tax-exempt reserves | 132 | €6,914 | €6,914 | = | 0.0% |
| Distributable reserves | 133 | €52,089 | €67,096 | +€15,008 | +28.8% |
| Profit (loss) carried forward | 14 | €48,859 | €48,859 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,000 | €21,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €21,000 | €21,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €17,000 | €17,000 | = | 0.0% |
| Environmental obligations | 163 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €219,197 | €251,742 | +€32,545 | +14.8% |
| Amounts payable after more than one year | 17 | €129,063 | €112,667 | -€16,396 | -12.7% |
| Financial debts | 170/4 | €120,995 | €111,013 | -€9,982 | -8.3% |
| Other amounts payable | 178/9 | €8,067 | €1,654 | -€6,413 | -79.5% |
| Amounts payable within one year | 42/48 | €87,013 | €137,535 | +€50,523 | +58.1% |
| Current portion of amounts payable after more than one year | 42 | €9,517 | €9,982 | +€465 | +4.9% |
| Trade debts | 44 | €26,581 | €28,068 | +€1,488 | +5.6% |
| Suppliers | 440/4 | €26,581 | €28,068 | +€1,488 | +5.6% |
| Taxes, remuneration and social security | 45 | €2,653 | €7,601 | +€4,948 | +186.5% |
| Taxes | 450/3 | €2,653 | €7,601 | +€4,948 | +186.5% |
| Other amounts payable | 47/48 | €48,262 | €91,883 | +€43,622 | +90.4% |
| Accrued charges and deferred income | 492/3 | €3,122 | €1,540 | -€1,583 | -50.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,055 | €35,722 | -€2,333 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,511 | €27,174 | -€337 | -1.2% |
| Other operating charges | 640/8 | €7,438 | €7,713 | +€274 | +3.7% |
| Gross operating margin | 9900 | €69,523 | €68,778 | -€744 | -1.1% |
| Operating profit (loss) | 9901 | €34,573 | €33,891 | -€682 | -2.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,541 | €6,098 | -€443 | -6.8% |
| Recurring financial charges | 65 | €6,541 | €6,098 | -€443 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €28,032 | €27,794 | -€239 | -0.9% |
| Income taxes | 67/77 | €7,160 | €10,416 | +€3,256 | +45.5% |
| Profit (loss) for the period | 9904 | €20,872 | €17,378 | -€3,495 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,872 | €17,378 | -€3,495 | -16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.