DSVL 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.
DSVL IMMO
Largest movements
- Receivables within one year +€110,696
up €110,696 (+97.6%), from €113,361 to €224,057
- Cash -€109,527
down €109,527 (-47.3%), from €231,676 to €122,149
mainly Receivables within one year (-€110,696) and Net result for the year (-€7,570)
- Profit (loss) carried forward -€7,570
down €7,570 (-28.1%), from -€26,967 to -€34,537
- Debts after one year +€7,057
up €7,057 (+1.3%), from €535,269 to €542,326
of which Other amounts payable: +€33,771
- Financial charges +€8,595
up €8,595 (+47.2%), from €18,216 to €26,811
- Financial income +€7,529
up €7,529 (+167.2%), from €4,504 to €12,033
- Gross operating margin +€1,179
up €1,179 (+10.7%), from €11,004 to €12,183
- Depreciation -€289
down €289 (-7.9%), from €3,651 to €3,362
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.
Cash bridge derived
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 | €590,355 | €588,162 | -€2,193 | -0.4% |
| Fixed assets | 21/28 | €245,318 | €241,956 | -€3,362 | -1.4% |
| Tangible fixed assets | 22/27 | €29,473 | €26,111 | -€3,362 | -11.4% |
| Land and buildings | 22 | €29,473 | €26,111 | -€3,362 | -11.4% |
| Financial fixed assets | 28 | €215,845 | €215,845 | = | 0.0% |
| Current assets | 29/58 | €345,037 | €346,206 | +€1,169 | +0.3% |
| Amounts receivable within one year | 40/41 | €113,361 | €224,057 | +€110,696 | +97.6% |
| Other amounts receivable | 41 | €113,361 | €224,057 | +€110,696 | +97.6% |
| Cash at bank and in hand | 54/58 | €231,676 | €122,149 | -€109,527 | -47.3% |
| Total equity and liabilities | 10/49 | €590,355 | €588,162 | -€2,193 | -0.4% |
| Equity | 10/15 | €24,692 | €17,122 | -€7,570 | -30.7% |
| Contributions | 10/11 | €21,962 | €21,962 | = | 0.0% |
| Reserves | 13 | €29,696 | €29,696 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,196 | €2,196 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,196 | €2,196 | = | 0.0% |
| Distributable reserves | 133 | €27,500 | €27,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,967 | -€34,537 | -€7,570 | -28.1% |
| Amounts payable | 17/49 | €565,664 | €571,040 | +€5,377 | +1.0% |
| Amounts payable after more than one year | 17 | €535,269 | €542,326 | +€7,057 | +1.3% |
| Financial debts | 170/4 | €163,955 | €137,240 | -€26,714 | -16.3% |
| Other amounts payable | 178/9 | €371,314 | €405,086 | +€33,771 | +9.1% |
| Amounts payable within one year | 42/48 | €30,395 | €28,714 | -€1,680 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €25,657 | €26,714 | +€1,057 | +4.1% |
| Trade debts | 44 | €3,648 | €0 | -€3,648 | -100.0% |
| Suppliers | 440/4 | €3,648 | €0 | -€3,648 | -100.0% |
| Other amounts payable | 47/48 | €1,090 | €2,000 | +€910 | +83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,651 | €3,362 | -€289 | -7.9% |
| Other operating charges | 640/8 | €1,689 | €1,612 | -€76 | -4.5% |
| Gross operating margin | 9900 | €11,004 | €12,183 | +€1,179 | +10.7% |
| Operating profit (loss) | 9901 | €5,664 | €7,208 | +€1,544 | +27.3% |
| Financial income | 75/76B | €4,504 | €12,033 | +€7,529 | +167.2% |
| Recurring financial income | 75 | €4,504 | €12,033 | +€7,529 | +167.2% |
| Financial charges | 65/66B | €18,216 | €26,811 | +€8,595 | +47.2% |
| Recurring financial charges | 65 | €18,216 | €26,811 | +€8,595 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,048 | -€7,570 | +€478 | +5.9% |
| Profit (loss) for the period | 9904 | -€8,048 | -€7,570 | +€478 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,048 | -€7,570 | +€478 | +5.9% |
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 10 October 2026 via checked.be.