IMMO D.L.: 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.L.
Largest movements
- Tangible fixed assets -€14,019
down €14,019 (-4.4%), from €321,148 to €307,129
of which Land and buildings: -€8,326
- Cash +€6,419
up €6,419 (+29.8%), from €21,511 to €27,929
mainly Depreciation (+€46,447) and Trade debts (+€19,552)
- Receivables within one year +€4,612
up €4,612 (+818.7%), from €563 to €5,175
of which Trade receivables: +€4,367
- Trade debts +€19,552
up €19,552 (+1238.6%), from €1,579 to €21,130
- Profit (loss) carried forward -€10,518
down €10,518 (-5.0%), from €209,416 to €198,898
- Debts after one year -€6,945
down €6,945 (-9.1%), from €76,360 to €69,414
of which Financial debts: -€6,945
- Other debts -€5,133
down €5,133 (-25.5%), from €20,133 to €15,000
- Gross operating margin +€6,150
up €6,150 (+11.2%), from €54,870 to €61,020
- Depreciation +€1,123
up €1,123 (+2.5%), from €45,324 to €46,447
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 | €345,444 | €342,454 | -€2,990 | -0.9% |
| Fixed assets | 21/28 | €321,148 | €307,129 | -€14,019 | -4.4% |
| Tangible fixed assets | 22/27 | €321,148 | €307,129 | -€14,019 | -4.4% |
| Land and buildings | 22 | €287,951 | €279,625 | -€8,326 | -2.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €2,580 | €1,909 | -€671 | -26.0% |
| Other tangible fixed assets | 26 | €30,616 | €25,595 | -€5,022 | -16.4% |
| Current assets | 29/58 | €24,296 | €35,326 | +€11,030 | +45.4% |
| Amounts receivable within one year | 40/41 | €563 | €5,175 | +€4,612 | +818.7% |
| Trade receivables | 40 | €563 | €4,930 | +€4,367 | +775.3% |
| Other amounts receivable | 41 | €0 | €245 | +€245 | |
| Cash at bank and in hand | 54/58 | €21,511 | €27,929 | +€6,419 | +29.8% |
| Deferred charges and accrued income | 490/1 | €2,222 | €2,222 | -€1 | 0.0% |
| Total equity and liabilities | 10/49 | €345,444 | €342,454 | -€2,990 | -0.9% |
| Equity | 10/15 | €223,676 | €213,158 | -€10,518 | -4.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,416 | €198,898 | -€10,518 | -5.0% |
| Amounts payable | 17/49 | €121,767 | €129,296 | +€7,528 | +6.2% |
| Amounts payable after more than one year | 17 | €76,360 | €69,414 | -€6,945 | -9.1% |
| Financial debts | 170/4 | €67,160 | €60,214 | -€6,945 | -10.3% |
| Other amounts payable | 178/9 | €9,200 | €9,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,408 | €59,882 | +€14,474 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €18,303 | €17,883 | -€420 | -2.3% |
| Trade debts | 44 | €1,579 | €21,130 | +€19,552 | +1238.6% |
| Suppliers | 440/4 | €1,579 | €21,130 | +€19,552 | +1238.6% |
| Taxes, remuneration and social security | 45 | €5,393 | €5,868 | +€475 | +8.8% |
| Taxes | 450/3 | €5,393 | €5,868 | +€475 | +8.8% |
| Other amounts payable | 47/48 | €20,133 | €15,000 | -€5,133 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,324 | €46,447 | +€1,123 | +2.5% |
| Other operating charges | 640/8 | €7,677 | €7,893 | +€216 | +2.8% |
| Gross operating margin | 9900 | €54,870 | €61,020 | +€6,150 | +11.2% |
| Operating profit (loss) | 9901 | €1,868 | €6,680 | +€4,812 | +257.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +520.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +520.0% |
| Financial charges | 65/66B | €2,284 | €2,199 | -€85 | -3.7% |
| Recurring financial charges | 65 | €2,284 | €2,199 | -€85 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€415 | €4,482 | +€4,897 | |
| Profit (loss) for the period | 9904 | -€415 | €4,482 | +€4,897 | |
| Profit (loss) for the period to be appropriated | 9905 | -€415 | €4,482 | +€4,897 |
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.