DSH-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.
DSH-IMMO
Largest movements
- Cash -€1.9m
down €1.9m (-99.4%), from €1.9m to €11,834
mainly Other debts (-€2.1m) and Trade debts (-€50,415)
- Receivables within one year -€192,742
down €192,742 (-74.2%), from €259,706 to €66,964
- Financial fixed assets -€23,961
no longer reported in 2026 (was €23,961)
- Other debts -€2.1m
no longer reported in 2026 (was €2.1m)
- Trade debts -€50,415
down €50,415 (-59.8%), from €84,297 to €33,882
- Gross operating margin -€2.4m
down €2.4m, from €2.4m to -€3,956
- Taxes -€167,009
down €167,009, from €166,997 to -€12
- Financial charges -€145,255
down €145,255 (-100.0%), from €145,291 to €36
of which Non-recurring financial charges: -€145,263
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,202,221 | €78,797 | -€2.1m | -96.4% |
| Fixed assets | 21/28 | €23,961 | - | -€23,961 | |
| Financial fixed assets | 28 | €23,961 | - | -€23,961 | |
| Current assets | 29/58 | €2,178,260 | €78,797 | -€2.1m | -96.4% |
| Amounts receivable within one year | 40/41 | €259,706 | €66,964 | -€192,742 | -74.2% |
| Other amounts receivable | 41 | €259,706 | €66,964 | -€192,742 | -74.2% |
| Cash at bank and in hand | 54/58 | €1,918,554 | €11,834 | -€1.9m | -99.4% |
| Total equity and liabilities | 10/49 | €2,202,221 | €78,797 | -€2.1m | -96.4% |
| Equity | 10/15 | €49,410 | €44,915 | -€4,495 | -9.1% |
| Reserves | 13 | €29,284 | €29,284 | = | 0.0% |
| Distributable reserves | 133 | €29,284 | €29,284 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,126 | €15,631 | -€4,495 | -22.3% |
| Amounts payable | 17/49 | €2,152,811 | €33,882 | -€2.1m | -98.4% |
| Amounts payable within one year | 42/48 | €2,152,811 | €33,882 | -€2.1m | -98.4% |
| Trade debts | 44 | €84,297 | €33,882 | -€50,415 | -59.8% |
| Suppliers | 440/4 | €84,297 | €33,882 | -€50,415 | -59.8% |
| Taxes, remuneration and social security | 45 | €8,300 | - | -€8,300 | |
| Taxes | 450/3 | €8,300 | - | -€8,300 | |
| Other amounts payable | 47/48 | €2,060,214 | - | -€2.1m | |
| Non-recurring operating income | 76A | €2,522,215 | - | -€2.5m | |
| Other operating charges | 640/8 | €6,545 | €515 | -€6,030 | -92.1% |
| Gross operating margin | 9900 | €2,396,038 | -€3,956 | -€2.4m | |
| Operating profit (loss) | 9901 | €2,389,493 | -€4,470 | -€2.4m | |
| Financial charges | 65/66B | €145,291 | €36 | -€145,255 | -100.0% |
| Recurring financial charges | 65 | €29 | €36 | +€8 | +26.3% |
| Non-recurring financial charges | 66B | €145,263 | - | -€145,263 | |
| Profit (loss) for the period before taxes | 9903 | €2,244,202 | -€4,506 | -€2.2m | |
| Income taxes | 67/77 | €166,997 | -€12 | -€167,009 | |
| Profit (loss) for the period | 9904 | €2,077,205 | -€4,495 | -€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,077,205 | -€4,495 | -€2.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.