IMMO D&M: what changed
Two financial 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&M
Largest movements
- Tangible fixed assets -€21,211
down €21,211 (-4.1%), from €515,142 to €493,930
of which Land and buildings: -€19,085
- Cash -€7,899
down €7,899 (-21.1%), from €37,444 to €29,545
mainly Debts after one year (-€35,364) and Tax, wage and social debts (-€5,238)
- Debts after one year -€35,364
down €35,364 (-15.1%), from €233,516 to €198,152
- Reserves +€6,204
up €6,204 (+8.3%), from €74,320 to €80,524
of which Distributable reserves: +€6,204
- Gross operating margin -€8,763
down €8,763 (-19.3%), from €45,424 to €36,661
- Depreciation -€2,089
down €2,089 (-9.0%), from €23,300 to €21,211
- Taxes -€1,754
down €1,754 (-41.9%), from €4,188 to €2,434
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.
Derived cash bridge
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 | €585,686 | €559,791 | -€25,895 | -4.4% |
| Fixed assets | 21/28 | €545,142 | €523,930 | -€21,211 | -3.9% |
| Tangible fixed assets | 22/27 | €515,142 | €493,930 | -€21,211 | -4.1% |
| Land and buildings | 22 | €499,625 | €480,541 | -€19,085 | -3.8% |
| Plant, machinery and equipment | 23 | €15,517 | €13,390 | -€2,127 | -13.7% |
| Financial fixed assets | 28 | €30,000 | €30,000 | = | 0.0% |
| Current assets | 29/58 | €40,544 | €35,861 | -€4,683 | -11.6% |
| Amounts receivable within one year | 40/41 | - | €2,566 | +€2,566 | |
| Other amounts receivable | 41 | - | €2,566 | +€2,566 | |
| Cash at bank and in hand | 54/58 | €37,444 | €29,545 | -€7,899 | -21.1% |
| Deferred charges and accrued income | 490/1 | €3,100 | €3,750 | +€650 | +21.0% |
| Total equity and liabilities | 10/49 | €585,686 | €559,791 | -€25,895 | -4.4% |
| Equity | 10/15 | €299,320 | €305,524 | +€6,204 | +2.1% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €74,320 | €80,524 | +€6,204 | +8.3% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €51,820 | €58,024 | +€6,204 | +12.0% |
| Amounts payable | 17/49 | €286,365 | €254,267 | -€32,099 | -11.2% |
| Amounts payable after more than one year | 17 | €233,516 | €198,152 | -€35,364 | -15.1% |
| Financial debts | 170/4 | €233,516 | €198,152 | -€35,364 | -15.1% |
| Amounts payable within one year | 42/48 | €52,007 | €51,591 | -€416 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €15,122 | €15,364 | +€242 | +1.6% |
| Trade debts | 44 | €1,597 | €5,802 | +€4,205 | +263% |
| Suppliers | 440/4 | €1,597 | €5,802 | +€4,205 | +263% |
| Taxes, remuneration and social security | 45 | €7,038 | €1,800 | -€5,238 | -74.4% |
| Taxes | 450/3 | €3,988 | €1,800 | -€2,188 | -54.9% |
| Remuneration and social security | 454/9 | €3,050 | €0 | -€3,050 | -100% |
| Other amounts payable | 47/48 | €28,250 | €28,625 | +€375 | +1.3% |
| Accrued charges and deferred income | 492/3 | €843 | €4,524 | +€3,681 | +437% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,300 | €21,211 | -€2,089 | -9.0% |
| Other operating charges | 640/8 | €5,311 | €5,477 | +€167 | +3.1% |
| Gross operating margin | 9900 | €45,424 | €36,661 | -€8,763 | -19.3% |
| Operating profit (loss) | 9901 | €16,813 | €9,972 | -€6,841 | -40.7% |
| Financial charges | 65/66B | €1,571 | €1,333 | -€238 | -15.1% |
| Recurring financial charges | 65 | €1,571 | €1,333 | -€238 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €15,241 | €8,638 | -€6,603 | -43.3% |
| Income taxes | 67/77 | €4,188 | €2,434 | -€1,754 | -41.9% |
| Profit (loss) for the period | 9904 | €11,053 | €6,204 | -€4,849 | -43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,053 | €6,204 | -€4,849 | -43.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.