DV 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
DV IMMO
NACE 43.990, Other specialised construction activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,020
2024 · -€9,359+€339
Equity
-€31,279
2024 · -€22,259-€9,020
Cash
€26,975
2024 · €34,635-€7,659
Balance sheet total
€1.1m
2024 · €1.0m+€21,123
Largest movements
Assets
- Tangible fixed assets +€36,433
up €36,433 (+3.7%), from €982,120 to €1.0m
Equity and liabilities
- Debts after one year +€11,713
up €11,713 (+2.0%), from €575,751 to €587,464
Income statement
- Gross operating margin +€11,150
up €11,150 (+24.0%), from €46,415 to €57,565
- Financial charges +€7,536
up €7,536 (+56.6%), from €13,310 to €20,846
- Depreciation +€3,210
up €3,210 (+7.9%), from €40,391 to €43,601
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
-€9,359
Gross operating margin
+€11,150
Depreciation
-€3,210
Other operating charges
-€66
Financial charges
-€7,536
Result 2025
-€9,020
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.
From operations
+€53,103
Investment
-€79,233
Financing
+€18,471
Cash 2024
€34,635
From operations (derived)
+€53,103
Net result for the year
-€9,020
Depreciation
+€43,601
Receivables within one year
+€7,456
Deferred charges and accrued income
-€606
Trade debts
+€1,875
Tax, wage and social debts
+€3,977
Other debts
+€2,500
Accrued charges and deferred income
+€3,320
Investment (derived)
-€79,233
Investment in fixed assets (net)
-€79,233
Financing
+€18,471
Debts after one year
+€11,713
Current portion of long-term debt
+€6,758
Cash 2025
€26,975
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,033,018 | €1,054,140 | +€21,123 | +2.0% |
| Fixed assets | 21/28 | €982,920 | €1,018,552 | +€35,633 | +3.6% |
| Intangible fixed assets | 21 | €800 | - | -€800 | |
| Tangible fixed assets | 22/27 | €982,120 | €1,018,552 | +€36,433 | +3.7% |
| Land and buildings | 22 | €982,120 | €1,018,552 | +€36,433 | +3.7% |
| Current assets | 29/58 | €50,098 | €35,588 | -€14,510 | -29.0% |
| Amounts receivable within one year | 40/41 | €15,406 | €7,950 | -€7,456 | -48.4% |
| Trade receivables | 40 | €7,950 | €7,950 | = | 0.0% |
| Other amounts receivable | 41 | €7,456 | - | -€7,456 | |
| Cash at bank and in hand | 54/58 | €34,635 | €26,975 | -€7,659 | -22.1% |
| Deferred charges and accrued income | 490/1 | €57 | €663 | +€606 | +1063.6% |
| Total equity and liabilities | 10/49 | €1,033,018 | €1,054,140 | +€21,123 | +2.0% |
| Equity | 10/15 | -€22,259 | -€31,279 | -€9,020 | -40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,319 | -€39,339 | -€9,020 | -29.8% |
| Amounts payable | 17/49 | €1,055,276 | €1,085,419 | +€30,143 | +2.9% |
| Amounts payable after more than one year | 17 | €575,751 | €587,464 | +€11,713 | +2.0% |
| Financial debts | 170/4 | €575,751 | €587,464 | +€11,713 | +2.0% |
| Amounts payable within one year | 42/48 | €476,275 | €491,386 | +€15,110 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €29,503 | €36,261 | +€6,758 | +22.9% |
| Trade debts | 44 | €1,650 | €3,525 | +€1,875 | +113.6% |
| Suppliers | 440/4 | €1,650 | €3,525 | +€1,875 | +113.6% |
| Taxes, remuneration and social security | 45 | - | €3,977 | +€3,977 | |
| Taxes | 450/3 | - | €3,977 | +€3,977 | |
| Other amounts payable | 47/48 | €445,122 | €447,622 | +€2,500 | +0.6% |
| Accrued charges and deferred income | 492/3 | €3,250 | €6,570 | +€3,320 | +102.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,391 | €43,601 | +€3,210 | +7.9% |
| Other operating charges | 640/8 | €2,073 | €2,139 | +€66 | +3.2% |
| Gross operating margin | 9900 | €46,415 | €57,565 | +€11,150 | +24.0% |
| Operating profit (loss) | 9901 | €3,951 | €11,826 | +€7,875 | +199.3% |
| Financial charges | 65/66B | €13,310 | €20,846 | +€7,536 | +56.6% |
| Recurring financial charges | 65 | €13,310 | €20,846 | +€7,536 | +56.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,359 | -€9,020 | +€339 | +3.6% |
| Profit (loss) for the period | 9904 | -€9,359 | -€9,020 | +€339 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,359 | -€9,020 | +€339 | +3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.