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DWP 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

DWP Immo

BE 0891.558.177
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,180
2024 · €17,876-€15,696
Equity
€34,485
2024 · €108,745-€74,259
Cash
€21,328
2024 · €56,429-€35,101
Balance sheet total
€95,292
2024 · €137,814-€42,522

Largest movements

2024 to 2025
Assets
  • Cash -€35,101

    down €35,101 (-62.2%), from €56,429 to €21,328

    mainly Contributions, distributions and other (-€76,439) and Deferred charges and accrued income (-€10,061)

  • Tangible fixed assets -€25,962

    down €25,962 (-32.4%), from €80,028 to €54,067

  • Deferred charges and accrued income +€10,061

    new in 2025: €10,061

  • Receivables within one year +€8,479

    up €8,479 (+625.0%), from €1,357 to €9,836

Equity and liabilities
  • Contributions -€50,000

    down €50,000 (-100.0%), from €50,000 to €0

  • Other debts +€37,241

    up €37,241 (+160.2%), from €23,243 to €60,484

  • Reserves -€24,259

    down €24,259 (-41.3%), from €58,745 to €34,485

  • Accrued charges and deferred income -€5,649

    down €5,649 (-100.0%), from €5,649 to €0

Income statement
  • Gross operating margin -€22,764

    down €22,764 (-38.7%), from €58,789 to €36,026

  • Taxes -€7,481

    down €7,481 (-86.3%), from €8,670 to €1,190

From the 2024 result to the 2025 result

effect on the 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 €17,876
Gross operating margin -€22,764
Other operating charges -€516
Financial income -€5
Financial charges +€109
Taxes +€7,481
Result 2025 €2,180

Cash bridge derived

cash 2024 to 2025

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 +€41,338
Investment €0
Financing -€76,439
Cash 2024 €56,429
Net result for the year +€2,180
Depreciation +€25,962
Receivables within one year -€8,479
Deferred charges and accrued income -€10,061
Trade debts +€145
Other debts +€37,241
Accrued charges and deferred income -€5,649
Contributions, distributions and other -€76,439
Cash 2025 €21,328
Every line side by side 34 lines
Line Code 2024 2025 Change %
Total assets 20/58 €137,814 €95,292 -€42,522 -30.9%
Fixed assets 21/28 €80,028 €54,067 -€25,962 -32.4%
Tangible fixed assets 22/27 €80,028 €54,067 -€25,962 -32.4%
Other tangible fixed assets 26 €80,028 €54,067 -€25,962 -32.4%
Current assets 29/58 €57,786 €41,225 -€16,560 -28.7%
Amounts receivable within one year 40/41 €1,357 €9,836 +€8,479 +625.0%
Other amounts receivable 41 €1,357 €9,836 +€8,479 +625.0%
Cash at bank and in hand 54/58 €56,429 €21,328 -€35,101 -62.2%
Deferred charges and accrued income 490/1 - €10,061 +€10,061
Total equity and liabilities 10/49 €137,814 €95,292 -€42,522 -30.9%
Equity 10/15 €108,745 €34,485 -€74,259 -68.3%
Contributions 10/11 €50,000 €0 -€50,000 -100.0%
Reserves 13 €58,745 €34,485 -€24,259 -41.3%
Distributable reserves 133 €58,745 €34,485 -€24,259 -41.3%
Profit (loss) carried forward 14 - €0 =
Amounts payable 17/49 €29,069 €60,806 +€31,737 +109.2%
Amounts payable within one year 42/48 €23,420 €60,806 +€37,386 +159.6%
Trade debts 44 €177 €322 +€145 +82.1%
Suppliers 440/4 €177 €322 +€145 +82.1%
Other amounts payable 47/48 €23,243 €60,484 +€37,241 +160.2%
Accrued charges and deferred income 492/3 €5,649 €0 -€5,649 -100.0%
Remuneration, social security and pensions 62 €1,489 €1,489 = 0.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €25,962 €25,962 = 0.0%
Other operating charges 640/8 €4,609 €5,126 +€516 +11.2%
Gross operating margin 9900 €58,789 €36,026 -€22,764 -38.7%
Operating profit (loss) 9901 €26,729 €3,449 -€23,280 -87.1%
Financial income 75/76B €90 €84 -€5 -6.1%
Recurring financial income 75 €90 €84 -€5 -6.1%
Financial charges 65/66B €273 €164 -€109 -40.0%
Recurring financial charges 65 €273 €164 -€109 -40.0%
Profit (loss) for the period before taxes 9903 €26,546 €3,369 -€23,177 -87.3%
Income taxes 67/77 €8,670 €1,190 -€7,481 -86.3%
Profit (loss) for the period 9904 €17,876 €2,180 -€15,696 -87.8%
Profit (loss) for the period to be appropriated 9905 €17,876 €2,180 -€15,696 -87.8%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.