IMMO - DALO: 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 - DALO
Largest movements
- Receivables within one year +€397,605
up €397,605 (+146%), from €272,009 to €669,614
of which Trade receivables: +€392,117
- Deferred charges and accrued income +€209,352
up €209,352 (+827%), from €25,328 to €234,680
- Cash +€20,402
up €20,402 (+14.3%), from €142,278 to €162,680
mainly Accrued charges and deferred income (+€226,060) and Trade debts (+€200,452)
- Accrued charges and deferred income +€226,060
up €226,060 (+978%), from €23,115 to €249,176
- Trade debts +€200,452
up €200,452 (+198%), from €101,303 to €301,755
- Other debts +€178,592
up €178,592 (+90.8%), from €196,750 to €375,342
- Advances received +€36,530
up €36,530 (+192%), from €19,020 to €55,550
- Current portion of long-term debt -€33,604
down €33,604 (-71.5%), from €46,996 to €13,392
- Gross operating margin +€29,577
up €29,577 (+73.9%), from €39,998 to €69,575
- Financial charges +€4,891
up €4,891 (+47.5%), from €10,299 to €15,190
- Financial income +€3,290
new in 2025: €3,290
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 | €484,072 | €1,104,525 | +€620,453 | +128% |
| Fixed assets | 21/28 | €44,458 | €37,551 | -€6,907 | -15.5% |
| Financial fixed assets | 28 | €44,458 | €37,551 | -€6,907 | -15.5% |
| Current assets | 29/58 | €439,614 | €1,066,974 | +€627,360 | +143% |
| Amounts receivable within one year | 40/41 | €272,009 | €669,614 | +€397,605 | +146% |
| Trade receivables | 40 | €264,664 | €656,780 | +€392,117 | +148% |
| Other amounts receivable | 41 | €7,345 | €12,834 | +€5,489 | +74.7% |
| Cash at bank and in hand | 54/58 | €142,278 | €162,680 | +€20,402 | +14.3% |
| Deferred charges and accrued income | 490/1 | €25,328 | €234,680 | +€209,352 | +827% |
| Total equity and liabilities | 10/49 | €484,072 | €1,104,525 | +€620,453 | +128% |
| Equity | 10/15 | €83,495 | €92,983 | +€9,488 | +11.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,792 | €6,792 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €642 | €642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,203 | €24,691 | +€9,488 | +62.4% |
| Amounts payable | 17/49 | €400,576 | €1,011,542 | +€610,966 | +153% |
| Amounts payable after more than one year | 17 | €13,392 | - | -€13,392 | |
| Financial debts | 170/4 | €13,392 | - | -€13,392 | |
| Amounts payable within one year | 42/48 | €364,069 | €762,366 | +€398,297 | +109% |
| Current portion of amounts payable after more than one year | 42 | €46,996 | €13,392 | -€33,604 | -71.5% |
| Trade debts | 44 | €101,303 | €301,755 | +€200,452 | +198% |
| Suppliers | 440/4 | €101,303 | €301,755 | +€200,452 | +198% |
| Advances received on contracts in progress | 46 | €19,020 | €55,550 | +€36,530 | +192% |
| Taxes, remuneration and social security | 45 | - | €16,327 | +€16,327 | |
| Taxes | 450/3 | - | €16,327 | +€16,327 | |
| Other amounts payable | 47/48 | €196,750 | €375,342 | +€178,592 | +90.8% |
| Accrued charges and deferred income | 492/3 | €23,115 | €249,176 | +€226,060 | +978% |
| Non-recurring operating income | 76A | €1 | €34,551 | +€34,551 | +4,162,729% |
| Other operating charges | 640/8 | €8,029 | €7,949 | -€80 | -1.0% |
| Non-recurring operating charges | 66A | - | €34,551 | +€34,551 | |
| Gross operating margin | 9900 | €39,998 | €69,575 | +€29,577 | +73.9% |
| Operating profit (loss) | 9901 | €31,969 | €27,074 | -€4,895 | -15.3% |
| Financial income | 75/76B | - | €3,290 | +€3,290 | |
| Recurring financial income | 75 | - | €3,290 | +€3,290 | |
| Financial charges | 65/66B | €10,299 | €15,190 | +€4,891 | +47.5% |
| Recurring financial charges | 65 | €10,299 | €15,190 | +€4,891 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €21,670 | €15,174 | -€6,496 | -30.0% |
| Income taxes | 67/77 | €5,825 | €5,686 | -€139 | -2.4% |
| Profit (loss) for the period | 9904 | €15,845 | €9,488 | -€6,357 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,845 | €9,488 | -€6,357 | -40.1% |
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 20 October 2026 via checked.be.