IMMO D.P.S.: 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.
What changed
IMMO D.P.S.
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€28,888
2024 · -€60,985+€32,097
Equity
€596,728
2024 · €625,616-€28,888
Cash
€2,882
2024 · €1,139+€1,743
Balance sheet total
€3.8m
2024 · €4.0m-€183,939
Largest movements
Assets
- Receivables within one year -€161,800
down €161,800 (-5.3%), from €3.0m to €2.9m
of which Other amounts receivable: -€164,220
Equity and liabilities
- Other debts -€130,150
down €130,150 (-5.2%), from €2.5m to €2.4m
Income statement
- Gross operating margin -€126,062
down €126,062 (-97.4%), from €129,487 to €3,426
- Financial charges +€11,308
up €11,308 (+150%), from €7,527 to €18,835
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.
Result 2024
-€60,985
Gross operating margin
-€126,062
Depreciation
+€463
Other operating charges
-€616
Financial income
-€184
Financial charges
-€11,308
Taxes
-€50
Deferred taxes and other
+€169,853
Result 2025
-€28,888
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€22,189
Investment
€0
Financing
-€20,446
Cash 2024
€1,139
From operations (derived)
+€22,189
Net result for the year
-€28,888
Depreciation
+€23,882
Receivables within one year
+€161,800
Provisions
-€9,700
Trade debts
+€560
Other debts
-€130,150
Accrued charges and deferred income
+€4,685
Financing
-€20,446
Debts after one year
-€20,446
Cash 2025
€2,882
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,990,238 | €3,806,299 | -€183,939 | -4.6% |
| Fixed assets | 21/28 | €961,879 | €937,997 | -€23,882 | -2.5% |
| Tangible fixed assets | 22/27 | €811,829 | €787,947 | -€23,882 | -2.9% |
| Land and buildings | 22 | €736,180 | €715,547 | -€20,634 | -2.8% |
| Furniture and vehicles | 24 | €75,649 | €72,401 | -€3,248 | -4.3% |
| Financial fixed assets | 28 | €150,050 | €150,050 | = | 0.0% |
| Current assets | 29/58 | €3,028,359 | €2,868,302 | -€160,057 | -5.3% |
| Amounts receivable within one year | 40/41 | €3,027,220 | €2,865,420 | -€161,800 | -5.3% |
| Trade receivables | 40 | - | €2,420 | +€2,420 | |
| Other amounts receivable | 41 | €3,027,220 | €2,863,000 | -€164,220 | -5.4% |
| Cash at bank and in hand | 54/58 | €1,139 | €2,882 | +€1,743 | +153% |
| Total equity and liabilities | 10/49 | €3,990,238 | €3,806,299 | -€183,939 | -4.6% |
| Equity | 10/15 | €625,616 | €596,728 | -€28,888 | -4.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €469,345 | €450,509 | -€18,836 | -4.0% |
| Non-distributable reserves | 130/1 | €1,963 | €1,963 | = | 0.0% |
| Legal reserve | 130 | €1,963 | €1,963 | = | 0.0% |
| Tax-exempt reserves | 132 | €467,382 | €448,546 | -€18,836 | -4.0% |
| Profit (loss) carried forward | 14 | -€122,465 | -€132,517 | -€10,052 | -8.2% |
| Provisions and deferred taxes | 16 | €223,395 | €213,695 | -€9,700 | -4.3% |
| Deferred taxes | 168 | €223,395 | €213,695 | -€9,700 | -4.3% |
| Amounts payable | 17/49 | €3,141,227 | €2,995,876 | -€145,351 | -4.6% |
| Amounts payable after more than one year | 17 | €595,847 | €575,401 | -€20,446 | -3.4% |
| Financial debts | 170/4 | €595,847 | €575,401 | -€20,446 | -3.4% |
| Amounts payable within one year | 42/48 | €2,545,380 | €2,415,790 | -€129,590 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €26,712 | €26,712 | = | 0.0% |
| Trade debts | 44 | €1,331 | €1,891 | +€560 | +42.1% |
| Suppliers | 440/4 | €1,331 | €1,891 | +€560 | +42.1% |
| Other amounts payable | 47/48 | €2,517,337 | €2,387,187 | -€130,150 | -5.2% |
| Accrued charges and deferred income | 492/3 | - | €4,685 | +€4,685 | |
| Non-recurring operating income | 76A | €184,207 | - | -€184,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,345 | €23,882 | -€463 | -1.9% |
| Other operating charges | 640/8 | €855 | €1,472 | +€616 | +72.1% |
| Gross operating margin | 9900 | €129,487 | €3,426 | -€126,062 | -97.4% |
| Operating profit (loss) | 9901 | €104,287 | -€21,928 | -€126,215 | |
| Financial income | 75/76B | €2,408 | €2,225 | -€184 | -7.6% |
| Recurring financial income | 75 | €2,408 | €2,225 | -€184 | -7.6% |
| Financial charges | 65/66B | €7,527 | €18,835 | +€11,308 | +150% |
| Recurring financial charges | 65 | €7,527 | €18,835 | +€11,308 | +150% |
| Profit (loss) for the period before taxes | 9903 | €99,168 | -€38,538 | -€137,706 | |
| Transfer from deferred taxes | 780 | €24,054 | €9,700 | -€14,353 | -59.7% |
| Transfer to deferred taxes | 680 | €184,207 | - | -€184,207 | |
| Income taxes | 67/77 | - | €50 | +€50 | |
| Profit (loss) for the period | 9904 | -€60,985 | -€28,888 | +€32,097 | +52.6% |
| Transfer from tax-exempt reserves | 789 | €61,896 | €18,836 | -€43,060 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €911 | -€10,052 | -€10,963 |
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 19 October 2026 via checked.be.