DSGQ-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.
What changed
DSGQ-IMMO
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€843,965
2024 · €822,500+€21,465
Equity
€9.2m
2024 · €8.9m+€343,965
Cash
€359,975
2024 · €284,969+€75,006
Balance sheet total
€18.7m
2024 · €19.3m-€673,440
Largest movements
Assets
- Tangible fixed assets -€649,950
down €649,950 (-4.1%), from €15.8m to €15.2m
of which Land and buildings: -€564,889
- Financial fixed assets -€250,000
down €250,000 (-8.4%), from €3.0m to €2.7m
Equity and liabilities
- Debts after one year -€668,406
down €668,406 (-8.9%), from €7.5m to €6.8m
- Other debts -€355,628
down €355,628 (-16.3%), from €2.2m to €1.8m
- Reserves +€343,965
up €343,965 (+5.9%), from €5.9m to €6.2m
Income statement
- Turnover +€207,257
up €207,257 (+9.2%), from €2.3m to €2.5m
- Financial charges +€93,158
up €93,158 (+109%), from €85,295 to €178,453
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.
Result 2024
€822,500
Turnover
+€207,257
Other operating income
-€14,748
Services and other goods
-€15,998
Depreciation
-€14,707
Other operating charges
-€23,760
Financial income
-€14,001
Financial charges
-€93,158
Taxes
-€9,421
Result 2025
€843,965
raises the resultlowers the result
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.
From operations
+€1.1m
Investment
+€127,226
Financing
-€1.2m
Cash 2024
€284,969
From operations (derived)
+€1.1m
Net result for the year
+€843,965
Depreciation
+€777,082
Receivables after one year
-€79,117
Receivables within one year
-€78,219
Deferred charges and accrued income
+€1,474
Trade debts
-€38,190
Tax, wage and social debts
+€44,723
Other debts
-€355,628
Investment (derived)
+€127,226
Investment in fixed assets (net)
+€127,226
Financing
-€1.2m
Debts after one year
-€668,406
Current portion of long-term debt
+€94
Contributions, distributions and other
-€500,000
Cash 2025
€359,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,327,258 | €18,653,818 | -€673,440 | -3.5% |
| Fixed assets | 21/28 | €18,823,523 | €17,919,215 | -€904,308 | -4.8% |
| Intangible fixed assets | 21 | €4,357 | €0 | -€4,357 | -100% |
| Tangible fixed assets | 22/27 | €15,844,166 | €15,194,215 | -€649,950 | -4.1% |
| Land and buildings | 22 | €15,756,947 | €15,192,058 | -€564,889 | -3.6% |
| Plant, machinery and equipment | 23 | €3,218 | €2,157 | -€1,061 | -33.0% |
| Furniture and vehicles | 24 | €84,001 | - | -€84,001 | |
| Financial fixed assets | 28 | €2,975,000 | €2,725,000 | -€250,000 | -8.4% |
| Affiliated companies | 280/1 | €2,975,000 | €2,725,000 | -€250,000 | -8.4% |
| Participating interests | 280 | €2,975,000 | €2,725,000 | -€250,000 | -8.4% |
| Current assets | 29/58 | €503,735 | €734,603 | +€230,867 | +45.8% |
| Amounts receivable after more than one year | 29 | €115,000 | €194,117 | +€79,117 | +68.8% |
| Other amounts receivable | 291 | €115,000 | €194,117 | +€79,117 | +68.8% |
| Amounts receivable within one year | 40/41 | €86,736 | €164,955 | +€78,219 | +90.2% |
| Trade receivables | 40 | €53,908 | €46,615 | -€7,294 | -13.5% |
| Other amounts receivable | 41 | €32,828 | €118,341 | +€85,513 | +260% |
| Cash at bank and in hand | 54/58 | €284,969 | €359,975 | +€75,006 | +26.3% |
| Deferred charges and accrued income | 490/1 | €17,030 | €15,555 | -€1,474 | -8.7% |
| Total equity and liabilities | 10/49 | €19,327,258 | €18,653,818 | -€673,440 | -3.5% |
| Equity | 10/15 | €8,874,800 | €9,218,765 | +€343,965 | +3.9% |
| Contributions | 10/11 | €3,000,000 | €3,000,000 | = | 0.0% |
| Reserves | 13 | €5,874,800 | €6,218,765 | +€343,965 | +5.9% |
| Distributable reserves | 133 | €5,874,800 | €6,218,765 | +€343,965 | +5.9% |
| Amounts payable | 17/49 | €10,452,459 | €9,435,053 | -€1.0m | -9.7% |
| Amounts payable after more than one year | 17 | €7,478,457 | €6,810,051 | -€668,406 | -8.9% |
| Financial debts | 170/4 | €7,478,457 | €6,810,051 | -€668,406 | -8.9% |
| Leasing and similar obligations | 172 | €39,589 | €37,855 | -€1,734 | -4.4% |
| Credit institutions | 173 | €7,438,868 | €6,772,196 | -€666,672 | -9.0% |
| Amounts payable within one year | 42/48 | €2,974,002 | €2,625,001 | -€349,000 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €668,311 | €668,406 | +€94 | 0.0% |
| Trade debts | 44 | €74,766 | €36,576 | -€38,190 | -51.1% |
| Suppliers | 440/4 | €74,766 | €36,576 | -€38,190 | -51.1% |
| Taxes, remuneration and social security | 45 | €46,657 | €91,380 | +€44,723 | +95.9% |
| Taxes | 450/3 | €44,157 | €91,380 | +€47,223 | +107% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | €2,184,268 | €1,828,640 | -€355,628 | -16.3% |
| Operating income | 70/76A | €2,275,061 | €2,467,571 | +€192,510 | +8.5% |
| Turnover | 70 | €2,254,548 | €2,461,806 | +€207,257 | +9.2% |
| Other operating income | 74 | €20,513 | €5,765 | -€14,748 | -71.9% |
| Operating charges | 60/66A | €1,112,435 | €1,166,900 | +€54,465 | +4.9% |
| Services and other goods | 61 | €216,638 | €232,636 | +€15,998 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762,375 | €777,082 | +€14,707 | +1.9% |
| Other operating charges | 640/8 | €133,422 | €157,182 | +€23,760 | +17.8% |
| Operating profit (loss) | 9901 | €1,162,626 | €1,300,671 | +€138,045 | +11.9% |
| Financial income | 75/76B | €17,453 | €3,452 | -€14,001 | -80.2% |
| Recurring financial income | 75 | €17,453 | €3,452 | -€14,001 | -80.2% |
| Income from financial fixed assets | 750 | €17,453 | €3,422 | -€14,031 | -80.4% |
| Other financial income | 752/9 | - | €30 | +€30 | |
| Financial charges | 65/66B | €85,295 | €178,453 | +€93,158 | +109% |
| Recurring financial charges | 65 | €85,295 | €178,453 | +€93,158 | +109% |
| Debt charges | 650 | €85,295 | €178,453 | +€93,158 | +109% |
| Other financial charges | 652/9 | €0 | €0 | -€0 | -83.3% |
| Profit (loss) for the period before taxes | 9903 | €1,094,784 | €1,125,670 | +€30,886 | +2.8% |
| Income taxes | 67/77 | €272,283 | €281,704 | +€9,421 | +3.5% |
| Taxes | 670/3 | €272,283 | €281,704 | +€9,421 | +3.5% |
| Profit (loss) for the period | 9904 | €822,500 | €843,965 | +€21,465 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €822,500 | €843,965 | +€21,465 | +2.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.