Immo Daenens: 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 Daenens
Largest movements
- Tangible fixed assets -€500,053
down €500,053 (-15.9%), from €3.1m to €2.6m
of which Land and buildings: -€496,753
- Cash -€416,500
down €416,500 (-68.7%), from €605,931 to €189,431
mainly Receivables within one year (-€312,726) and Net result for the year (-€141,646)
- Financial fixed assets +€385,150
up €385,150 (+29,627%), from €1,300 to €386,450
- Receivables within one year +€312,726
up €312,726 (+28.3%), from €1.1m to €1.4m
- Profit (loss) carried forward -€141,646
down €141,646 (-337%), from -€42,063 to -€183,709
- Gross operating margin -€47,482
down €47,482 (-27.9%), from €169,972 to €122,490
- Taxes +€3,784
up €3,784, from -€2,549 to €1,235
- Financial charges -€3,569
down €3,569 (-1.2%), from €308,931 to €305,362
- Other operating charges +€2,175
up €2,175 (+9.5%), from €22,830 to €25,005
- Depreciation +€1,724
up €1,724 (+1.2%), from €139,571 to €141,295
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 | €12,269,639 | €12,050,961 | -€218,677 | -1.8% |
| Fixed assets | 21/28 | €3,144,472 | €3,029,569 | -€114,903 | -3.7% |
| Tangible fixed assets | 22/27 | €3,143,172 | €2,643,119 | -€500,053 | -15.9% |
| Land and buildings | 22 | €2,832,816 | €2,336,064 | -€496,753 | -17.5% |
| Plant, machinery and equipment | 23 | €87,110 | €83,810 | -€3,300 | -3.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €223,245 | €223,245 | = | 0.0% |
| Financial fixed assets | 28 | €1,300 | €386,450 | +€385,150 | +29,627% |
| Current assets | 29/58 | €9,125,167 | €9,021,393 | -€103,775 | -1.1% |
| Amounts receivable after more than one year | 29 | €7,416,000 | €7,416,000 | = | 0.0% |
| Trade receivables | 290 | €120,000 | €0 | -€120,000 | -100% |
| Other amounts receivable | 291 | €7,296,000 | €7,416,000 | +€120,000 | +1.6% |
| Amounts receivable within one year | 40/41 | €1,103,236 | €1,415,962 | +€312,726 | +28.3% |
| Other amounts receivable | 41 | €1,103,236 | €1,415,962 | +€312,726 | +28.3% |
| Cash at bank and in hand | 54/58 | €605,931 | €189,431 | -€416,500 | -68.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €12,269,639 | €12,050,961 | -€218,677 | -1.8% |
| Equity | 10/15 | -€34,003 | -€175,649 | -€141,646 | -417% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,063 | -€183,709 | -€141,646 | -337% |
| Amounts payable | 17/49 | €12,303,642 | €12,226,611 | -€77,031 | -0.6% |
| Amounts payable after more than one year | 17 | €11,134,813 | €11,038,718 | -€96,096 | -0.9% |
| Financial debts | 170/4 | €734,813 | €638,718 | -€96,096 | -13.1% |
| Other amounts payable | 178/9 | €10,400,000 | €10,400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,168,829 | €1,184,132 | +€15,303 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €102,070 | €99,617 | -€2,453 | -2.4% |
| Trade debts | 44 | €14,386 | €3,663 | -€10,723 | -74.5% |
| Suppliers | 440/4 | €14,386 | €3,663 | -€10,723 | -74.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,052,373 | €1,080,852 | +€28,479 | +2.7% |
| Accrued charges and deferred income | 492/3 | - | €3,762 | +€3,762 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,571 | €141,295 | +€1,724 | +1.2% |
| Other operating charges | 640/8 | €22,830 | €25,005 | +€2,175 | +9.5% |
| Gross operating margin | 9900 | €169,972 | €122,490 | -€47,482 | -27.9% |
| Operating profit (loss) | 9901 | €7,572 | -€43,810 | -€51,382 | |
| Financial income | 75/76B | €208,251 | €208,760 | +€509 | +0.2% |
| Recurring financial income | 75 | €208,251 | €208,760 | +€509 | +0.2% |
| Financial charges | 65/66B | €308,931 | €305,362 | -€3,569 | -1.2% |
| Recurring financial charges | 65 | €308,931 | €305,362 | -€3,569 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€93,108 | -€140,411 | -€47,304 | -50.8% |
| Income taxes | 67/77 | -€2,549 | €1,235 | +€3,784 | |
| Profit (loss) for the period | 9904 | -€90,559 | -€141,646 | -€51,088 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,559 | -€141,646 | -€51,088 | -56.4% |
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.