IMMO D@D: 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.
IMMO D@D
Largest movements
- Cash -€88,235
down €88,235 (-15.0%), from €588,558 to €500,323
mainly Contributions, distributions and other (-€160,001) and Tax, wage and social debts (-€29,902)
- Receivables within one year +€9,088
new in 2025: €9,088
- Tax, wage and social debts -€29,902
down €29,902 (-65.9%), from €45,366 to €15,464
- Other debts -€29,090
down €29,090 (-14.4%), from €202,176 to €173,086
- Reserves -€20,024
down €20,024 (-21.0%), from €95,318 to €75,294
of which Distributable reserves: -€20,024
- Gross operating margin -€70,800
down €70,800 (-25.4%), from €278,803 to €208,003
- Taxes -€41,651
down €41,651 (-54.0%), from €77,090 to €35,439
- Financial income -€5,840
no longer reported in 2025 (was €5,840)
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 | €721,335 | €642,188 | -€79,147 | -11.0% |
| Fixed assets | 21/28 | €132,777 | €132,777 | = | 0.0% |
| Tangible fixed assets | 22/27 | €132,777 | €132,777 | = | 0.0% |
| Land and buildings | 22 | €132,777 | €132,777 | = | 0.0% |
| Current assets | 29/58 | €588,558 | €509,411 | -€79,147 | -13.4% |
| Amounts receivable within one year | 40/41 | - | €9,088 | +€9,088 | |
| Trade receivables | 40 | - | €9,088 | +€9,088 | |
| Cash at bank and in hand | 54/58 | €588,558 | €500,323 | -€88,235 | -15.0% |
| Total equity and liabilities | 10/49 | €721,335 | €642,188 | -€79,147 | -11.0% |
| Equity | 10/15 | €473,008 | €452,984 | -€20,024 | -4.2% |
| Contributions | 10/11 | €377,690 | €377,690 | = | 0.0% |
| Capital | 10 | €377,031 | €377,031 | = | 0.0% |
| Issued capital | 100 | €377,031 | €377,031 | = | 0.0% |
| Outside capital | 11 | €659 | €659 | = | 0.0% |
| Share premium | 1100/10 | €659 | €659 | = | 0.0% |
| Reserves | 13 | €95,318 | €75,294 | -€20,024 | -21.0% |
| Non-distributable reserves | 130/1 | €37,703 | €37,703 | = | 0.0% |
| Legal reserve | 130 | €37,703 | €37,703 | = | 0.0% |
| Distributable reserves | 133 | €57,615 | €37,591 | -€20,024 | -34.8% |
| Amounts payable | 17/49 | €248,327 | €189,204 | -€59,123 | -23.8% |
| Amounts payable within one year | 42/48 | €247,542 | €189,034 | -€58,508 | -23.6% |
| Trade debts | 44 | - | €484 | +€484 | |
| Suppliers | 440/4 | - | €484 | +€484 | |
| Taxes, remuneration and social security | 45 | €45,366 | €15,464 | -€29,902 | -65.9% |
| Taxes | 450/3 | €45,366 | €15,464 | -€29,902 | -65.9% |
| Other amounts payable | 47/48 | €202,176 | €173,086 | -€29,090 | -14.4% |
| Accrued charges and deferred income | 492/3 | €785 | €170 | -€615 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | - | -€825 | |
| Other operating charges | 640/8 | €31,249 | €32,225 | +€976 | +3.1% |
| Gross operating margin | 9900 | €278,803 | €208,003 | -€70,800 | -25.4% |
| Operating profit (loss) | 9901 | €246,729 | €175,778 | -€70,951 | -28.8% |
| Financial income | 75/76B | €5,840 | - | -€5,840 | |
| Recurring financial income | 75 | €5,840 | - | -€5,840 | |
| Financial charges | 65/66B | €412 | €362 | -€50 | -12.1% |
| Recurring financial charges | 65 | €412 | €362 | -€50 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €252,157 | €175,416 | -€76,741 | -30.4% |
| Income taxes | 67/77 | €77,090 | €35,439 | -€41,651 | -54.0% |
| Profit (loss) for the period | 9904 | €175,067 | €139,977 | -€35,090 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €175,067 | €139,977 | -€35,090 | -20.0% |
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.