IMMO D.T.N.: 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.T.N.
Largest movements
- Receivables after one year -€400,000
no longer reported in 2025 (was €400,000)
- Tangible fixed assets -€34,985
down €34,985 (-4.4%), from €796,703 to €761,718
of which Land and buildings: -€38,478
- Reserves -€421,053
down €421,053 (-52.8%), from €797,000 to €375,947
of which Distributable reserves: -€421,053
- Taxes +€2,555
up €2,555 (+832%), from €307 to €2,862
- Gross operating margin +€1,780
up €1,780 (+7.8%), from €22,946 to €24,726
- Financial income +€1,163
up €1,163 (+6.9%), from €16,746 to €17,909
of which Non-recurring financial income: +€10,970
- Depreciation +€716
up €716 (+1.8%), from €40,404 to €41,120
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 | €1,617,152 | €1,191,596 | -€425,556 | -26.3% |
| Fixed assets | 21/28 | €796,703 | €761,718 | -€34,985 | -4.4% |
| Tangible fixed assets | 22/27 | €796,703 | €761,718 | -€34,985 | -4.4% |
| Land and buildings | 22 | €791,034 | €752,556 | -€38,478 | -4.9% |
| Plant, machinery and equipment | 23 | €4,799 | €9,161 | +€4,362 | +90.9% |
| Furniture and vehicles | 24 | €870 | - | -€870 | |
| Current assets | 29/58 | €820,449 | €429,878 | -€390,571 | -47.6% |
| Amounts receivable after more than one year | 29 | €400,000 | - | -€400,000 | |
| Other amounts receivable | 291 | €400,000 | - | -€400,000 | |
| Amounts receivable within one year | 40/41 | €24,491 | €25,170 | +€679 | +2.8% |
| Other amounts receivable | 41 | €24,491 | €25,170 | +€679 | +2.8% |
| Current investments | 50/53 | €168,444 | €179,414 | +€10,970 | +6.5% |
| Cash at bank and in hand | 54/58 | €222,251 | €217,827 | -€4,424 | -2.0% |
| Deferred charges and accrued income | 490/1 | €5,262 | €7,467 | +€2,204 | +41.9% |
| Total equity and liabilities | 10/49 | €1,617,152 | €1,191,596 | -€425,556 | -26.3% |
| Equity | 10/15 | €1,617,050 | €1,190,294 | -€426,756 | -26.4% |
| Contributions | 10/11 | €470,098 | €470,098 | = | 0.0% |
| Capital | 10 | €470,000 | €470,000 | = | 0.0% |
| Issued capital | 100 | €470,000 | €470,000 | = | 0.0% |
| Contributions outside capital | 11 | €98 | €98 | = | 0.0% |
| Share premium | 1100/10 | €98 | €98 | = | 0.0% |
| Reserves | 13 | €797,000 | €375,947 | -€421,053 | -52.8% |
| Non-distributable reserves | 130/1 | €47,000 | €47,000 | = | 0.0% |
| Legal reserve | 130 | €47,000 | €47,000 | = | 0.0% |
| Distributable reserves | 133 | €750,000 | €328,947 | -€421,053 | -56.1% |
| Profit (loss) carried forward | 14 | €349,953 | €344,249 | -€5,704 | -1.6% |
| Amounts payable | 17/49 | €101 | €1,302 | +€1,200 | +1,185% |
| Amounts payable within one year | 42/48 | €101 | €1,302 | +€1,200 | +1,185% |
| Taxes, remuneration and social security | 45 | €101 | €1,302 | +€1,200 | +1,185% |
| Taxes | 450/3 | €101 | €1,302 | +€1,200 | +1,185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,404 | €41,120 | +€716 | +1.8% |
| Other operating charges | 640/8 | €4,086 | €4,161 | +€75 | +1.8% |
| Gross operating margin | 9900 | €22,946 | €24,726 | +€1,780 | +7.8% |
| Operating profit (loss) | 9901 | -€21,545 | -€20,555 | +€990 | +4.6% |
| Financial income | 75/76B | €16,746 | €17,909 | +€1,163 | +6.9% |
| Recurring financial income | 75 | €16,746 | €6,939 | -€9,807 | -58.6% |
| Non-recurring financial income | 76B | - | €10,970 | +€10,970 | |
| Financial charges | 65/66B | €192 | €196 | +€4 | +2.1% |
| Recurring financial charges | 65 | €192 | €196 | +€4 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,990 | -€2,842 | +€2,148 | +43.1% |
| Income taxes | 67/77 | €307 | €2,862 | +€2,555 | +832% |
| Profit (loss) for the period | 9904 | -€5,297 | -€5,704 | -€407 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,297 | -€5,704 | -€407 | -7.7% |
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 18 October 2026 via checked.be.