DVL-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.
DVL-IMMO
Largest movements
- Current investments +€50,045
up €50,045 (+329.1%), from €15,209 to €65,254
- Cash -€49,825
down €49,825 (-57.3%), from €86,998 to €37,173
mainly Current investments (-€50,045) and Debts after one year (-€36,321)
- Tangible fixed assets -€11,405
down €11,405 (-1.3%), from €855,226 to €843,821
of which Land and buildings: -€12,396
- Debts after one year -€36,321
no longer reported in 2025 (was €36,321)
- Reserves +€10,119
up €10,119 (+1.3%), from €761,036 to €771,155
- Gross operating margin +€15,714
up €15,714 (+20.6%), from €76,350 to €92,064
- Depreciation +€1,710
up €1,710 (+5.5%), from €30,966 to €32,676
- Financial charges -€1,493
down €1,493 (-35.9%), from €4,156 to €2,663
- Taxes +€1,380
up €1,380 (+45.8%), from €3,014 to €4,394
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 | €961,167 | €948,893 | -€12,274 | -1.3% |
| Fixed assets | 21/28 | €855,226 | €843,821 | -€11,405 | -1.3% |
| Tangible fixed assets | 22/27 | €855,226 | €843,821 | -€11,405 | -1.3% |
| Land and buildings | 22 | €855,226 | €842,830 | -€12,396 | -1.4% |
| Furniture and vehicles | 24 | - | €991 | +€991 | |
| Current assets | 29/58 | €105,941 | €105,072 | -€869 | -0.8% |
| Amounts receivable within one year | 40/41 | €2,650 | €1,509 | -€1,141 | -43.0% |
| Trade receivables | 40 | €1,509 | €1,509 | +€0 | 0.0% |
| Other amounts receivable | 41 | €1,141 | - | -€1,141 | |
| Current investments | 50/53 | €15,209 | €65,254 | +€50,045 | +329.1% |
| Cash at bank and in hand | 54/58 | €86,998 | €37,173 | -€49,825 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,084 | €1,136 | +€52 | +4.8% |
| Total equity and liabilities | 10/49 | €961,167 | €948,893 | -€12,274 | -1.3% |
| Equity | 10/15 | €882,646 | €892,765 | +€10,119 | +1.1% |
| Contributions | 10/11 | €121,610 | €121,610 | -€0 | 0.0% |
| Reserves | 13 | €761,036 | €771,155 | +€10,119 | +1.3% |
| Distributable reserves | 133 | €761,036 | €771,155 | +€10,119 | +1.3% |
| Amounts payable | 17/49 | €78,521 | €56,128 | -€22,393 | -28.5% |
| Amounts payable after more than one year | 17 | €36,321 | - | -€36,321 | |
| Financial debts | 170/4 | €36,321 | - | -€36,321 | |
| Amounts payable within one year | 42/48 | €40,150 | €54,030 | +€13,880 | +34.6% |
| Current portion of amounts payable after more than one year | 42 | €34,748 | €36,321 | +€1,573 | +4.5% |
| Trade debts | 44 | - | €19 | +€19 | |
| Suppliers | 440/4 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €4,261 | €8,768 | +€4,507 | +105.8% |
| Taxes | 450/3 | €4,261 | €8,768 | +€4,507 | +105.8% |
| Other amounts payable | 47/48 | €1,141 | €8,922 | +€7,781 | +682.0% |
| Accrued charges and deferred income | 492/3 | €2,050 | €2,098 | +€48 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,966 | €32,676 | +€1,710 | +5.5% |
| Other operating charges | 640/8 | €8,078 | €8,645 | +€567 | +7.0% |
| Gross operating margin | 9900 | €76,350 | €92,064 | +€15,714 | +20.6% |
| Operating profit (loss) | 9901 | €37,306 | €50,743 | +€13,437 | +36.0% |
| Financial income | 75/76B | €2 | €65 | +€63 | +2801.8% |
| Recurring financial income | 75 | €2 | €65 | +€63 | +2801.8% |
| Financial charges | 65/66B | €4,156 | €2,663 | -€1,493 | -35.9% |
| Recurring financial charges | 65 | €4,156 | €2,663 | -€1,493 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €33,152 | €48,145 | +€14,993 | +45.2% |
| Income taxes | 67/77 | €3,014 | €4,394 | +€1,380 | +45.8% |
| Profit (loss) for the period | 9904 | €30,138 | €43,751 | +€13,613 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,138 | €43,751 | +€13,613 | +45.2% |
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 7 October 2026 via checked.be.