DW 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.
DW IMMO
Largest movements
- Tangible fixed assets -€24,521
down €24,521 (-2.1%), from €1.2m to €1.2m
- Debts after one year -€54,313
down €54,313 (-6.1%), from €897,415 to €843,102
- Profit (loss) carried forward +€28,144
up €28,144, from -€10,375 to €17,769
- Depreciation -€27,210
down €27,210 (-47.6%), from €57,161 to €29,951
- Gross operating margin +€11,935
up €11,935 (+13.8%), from €86,289 to €98,225
- Taxes +€5,923
new in 2025: €5,923
- Financial charges -€3,778
down €3,778 (-9.4%), from €39,990 to €36,212
- Financial income +€1,664
up €1,664 (+342.1%), from €486 to €2,150
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 | €1,298,075 | €1,277,890 | -€20,185 | -1.6% |
| Fixed assets | 21/28 | €1,174,839 | €1,150,317 | -€24,521 | -2.1% |
| Tangible fixed assets | 22/27 | €1,174,839 | €1,150,317 | -€24,521 | -2.1% |
| Land and buildings | 22 | €1,174,839 | €1,150,317 | -€24,521 | -2.1% |
| Current assets | 29/58 | €123,237 | €127,573 | +€4,336 | +3.5% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,750 | €27,491 | +€4,741 | +20.8% |
| Deferred charges and accrued income | 490/1 | €486 | €82 | -€405 | -83.2% |
| Total equity and liabilities | 10/49 | €1,298,075 | €1,277,890 | -€20,185 | -1.6% |
| Equity | 10/15 | €339,625 | €367,769 | +€28,144 | +8.3% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,375 | €17,769 | +€28,144 | |
| Amounts payable | 17/49 | €958,451 | €910,121 | -€48,329 | -5.0% |
| Amounts payable after more than one year | 17 | €897,415 | €843,102 | -€54,313 | -6.1% |
| Financial debts | 170/4 | €897,415 | €843,102 | -€54,313 | -6.1% |
| Amounts payable within one year | 42/48 | €60,842 | €64,297 | +€3,455 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €52,274 | €54,313 | +€2,039 | +3.9% |
| Trade debts | 44 | €1,507 | €0 | -€1,507 | -100.0% |
| Suppliers | 440/4 | €1,507 | €0 | -€1,507 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,060 | €9,984 | +€2,924 | +41.4% |
| Taxes | 450/3 | €7,060 | €9,984 | +€2,924 | +41.4% |
| Accrued charges and deferred income | 492/3 | €194 | €2,722 | +€2,528 | +1301.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,161 | €29,951 | -€27,210 | -47.6% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | €86,289 | €98,225 | +€11,935 | +13.8% |
| Operating profit (loss) | 9901 | €29,128 | €68,129 | +€39,001 | +133.9% |
| Financial income | 75/76B | €486 | €2,150 | +€1,664 | +342.1% |
| Recurring financial income | 75 | €486 | €2,150 | +€1,664 | +342.1% |
| Financial charges | 65/66B | €39,990 | €36,212 | -€3,778 | -9.4% |
| Recurring financial charges | 65 | €39,990 | €36,212 | -€3,778 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,375 | €34,067 | +€44,443 | |
| Income taxes | 67/77 | - | €5,923 | +€5,923 | |
| Profit (loss) for the period | 9904 | -€10,375 | €28,144 | +€38,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,375 | €28,144 | +€38,520 |
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 3 October 2026 via checked.be.