IMMO DAMCO: 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 DAMCO
Largest movements
- Tangible fixed assets -€61,469
down €61,469 (-3.4%), from €1.8m to €1.8m
of which Land and buildings: -€60,844
- Debts after one year -€58,000
down €58,000 (-12.5%), from €462,166 to €404,167
- Current portion of long-term debt -€24,667
down €24,667 (-29.8%), from €82,667 to €58,000
- Reserves +€24,450
up €24,450 (+8.4%), from €292,164 to €316,614
of which Distributable reserves: +€40,487
- Depreciation +€31,433
up €31,433 (+68.6%), from €45,803 to €77,237
- Financial charges +€11,130
up €11,130 (+744%), from €1,495 to €12,626
- Gross operating margin -€10,778
down €10,778 (-7.3%), from €148,564 to €137,786
- Taxes -€5,812
down €5,812 (-23.5%), from €24,706 to €18,894
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 | €2,000,589 | €1,940,552 | -€60,038 | -3.0% |
| Fixed assets | 21/28 | €1,829,491 | €1,768,022 | -€61,469 | -3.4% |
| Tangible fixed assets | 22/27 | €1,829,491 | €1,768,022 | -€61,469 | -3.4% |
| Land and buildings | 22 | €1,828,241 | €1,767,397 | -€60,844 | -3.3% |
| Furniture and vehicles | 24 | €1,250 | €625 | -€625 | -50.0% |
| Current assets | 29/58 | €171,098 | €172,530 | +€1,431 | +0.8% |
| Amounts receivable within one year | 40/41 | €6,986 | €7,221 | +€235 | +3.4% |
| Trade receivables | 40 | €6,986 | €1,566 | -€5,420 | -77.6% |
| Other amounts receivable | 41 | - | €5,655 | +€5,655 | |
| Cash at bank and in hand | 54/58 | €164,112 | €165,309 | +€1,196 | +0.7% |
| Total equity and liabilities | 10/49 | €2,000,589 | €1,940,552 | -€60,038 | -3.0% |
| Equity | 10/15 | €1,345,527 | €1,369,977 | +€24,450 | +1.8% |
| Contributions | 10/11 | €220,889 | €220,889 | = | 0.0% |
| Capital | 10 | €220,889 | €220,889 | = | 0.0% |
| Issued capital | 100 | €220,889 | €220,889 | = | 0.0% |
| Reserves | 13 | €292,164 | €316,614 | +€24,450 | +8.4% |
| Non-distributable reserves | 130/1 | €22,089 | €22,089 | = | 0.0% |
| Legal reserve | 130 | €22,089 | €22,089 | = | 0.0% |
| Tax-exempt reserves | 132 | €270,075 | €254,039 | -€16,037 | -5.9% |
| Distributable reserves | 133 | - | €40,487 | +€40,487 | |
| Profit (loss) carried forward | 14 | €832,474 | €832,474 | = | 0.0% |
| Provisions and deferred taxes | 16 | €94,853 | €89,507 | -€5,346 | -5.6% |
| Deferred taxes | 168 | €94,853 | €89,507 | -€5,346 | -5.6% |
| Amounts payable | 17/49 | €560,210 | €481,067 | -€79,142 | -14.1% |
| Amounts payable after more than one year | 17 | €462,166 | €404,167 | -€58,000 | -12.5% |
| Financial debts | 170/4 | €462,166 | €404,167 | -€58,000 | -12.5% |
| Amounts payable within one year | 42/48 | €94,423 | €72,728 | -€21,696 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €82,667 | €58,000 | -€24,667 | -29.8% |
| Trade debts | 44 | €1,552 | €2,239 | +€687 | +44.3% |
| Suppliers | 440/4 | €1,552 | €2,239 | +€687 | +44.3% |
| Taxes, remuneration and social security | 45 | €6,471 | €8,754 | +€2,284 | +35.3% |
| Taxes | 450/3 | €6,471 | €8,754 | +€2,284 | +35.3% |
| Other amounts payable | 47/48 | €3,734 | €3,734 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,620 | €4,173 | +€553 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,803 | €77,237 | +€31,433 | +68.6% |
| Other operating charges | 640/8 | €9,043 | €9,926 | +€883 | +9.8% |
| Gross operating margin | 9900 | €148,564 | €137,786 | -€10,778 | -7.3% |
| Operating profit (loss) | 9901 | €93,718 | €50,624 | -€43,094 | -46.0% |
| Financial income | 75/76B | €787 | - | -€787 | |
| Recurring financial income | 75 | €787 | - | -€787 | |
| Financial charges | 65/66B | €1,495 | €12,626 | +€11,130 | +744% |
| Recurring financial charges | 65 | €1,495 | €12,626 | +€11,130 | +744% |
| Profit (loss) for the period before taxes | 9903 | €93,009 | €37,998 | -€55,011 | -59.1% |
| Transfer from deferred taxes | 780 | €1,202 | €5,346 | +€4,143 | +345% |
| Income taxes | 67/77 | €24,706 | €18,894 | -€5,812 | -23.5% |
| Profit (loss) for the period | 9904 | €69,506 | €24,450 | -€45,056 | -64.8% |
| Transfer from tax-exempt reserves | 789 | €3,607 | €16,037 | +€12,429 | +345% |
| Profit (loss) for the period to be appropriated | 9905 | €73,113 | €40,487 | -€32,627 | -44.6% |
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.