IMMO DAUWE: what changed
Two fiscal 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 DAUWE
Largest movements
- Current investments +€350,000
new in 2025: €350,000
- Cash -€322,929
down €322,929 (-64.4%), from €501,547 to €178,617
mainly Current investments (-€350,000) and Receivables within one year (-€197,191)
- Receivables within one year +€197,191
up €197,191 (+705.4%), from €27,953 to €225,144
of which Other amounts receivable: +€146,832
- Reserves +€250,000
up €250,000 (+17.0%), from €1.5m to €1.7m
of which Distributable reserves: +€250,000
- Trade debts +€149,980
up €149,980 (+38834.9%), from €386 to €150,367
- Profit (loss) carried forward -€104,695
down €104,695 (-64.3%), from €162,774 to €58,079
- Debts after one year -€57,648
down €57,648 (-53.8%), from €107,101 to €49,452
- Other operating charges +€100,229
up €100,229 (+154.4%), from €64,895 to €165,124
- Gross operating margin +€63,692
up €63,692 (+13.9%), from €456,771 to €520,463
- Staff costs -€52,208
no longer reported in 2025 (was €52,208)
- Depreciation -€13,268
down €13,268 (-8.3%), from €159,462 to €146,194
- Taxes +€10,096
up €10,096 (+21.5%), from €47,018 to €57,114
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.
Cash bridge derived
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 | €1,905,493 | €2,142,637 | +€237,143 | +12.4% |
| Fixed assets | 21/28 | €1,360,122 | €1,376,856 | +€16,735 | +1.2% |
| Tangible fixed assets | 22/27 | €1,359,875 | €1,376,856 | +€16,981 | +1.2% |
| Land and buildings | 22 | €1,265,479 | €1,161,078 | -€104,401 | -8.2% |
| Plant, machinery and equipment | 23 | €89,028 | €66,513 | -€22,515 | -25.3% |
| Furniture and vehicles | 24 | €5,369 | €149,266 | +€143,897 | +2680.4% |
| Financial fixed assets | 28 | €246 | - | -€246 | |
| Current assets | 29/58 | €545,372 | €765,781 | +€220,409 | +40.4% |
| Amounts receivable within one year | 40/41 | €27,953 | €225,144 | +€197,191 | +705.4% |
| Trade receivables | 40 | €6,602 | €56,961 | +€50,359 | +762.8% |
| Other amounts receivable | 41 | €21,351 | €168,183 | +€146,832 | +687.7% |
| Current investments | 50/53 | - | €350,000 | +€350,000 | |
| Cash at bank and in hand | 54/58 | €501,547 | €178,617 | -€322,929 | -64.4% |
| Deferred charges and accrued income | 490/1 | €15,872 | €12,019 | -€3,853 | -24.3% |
| Total equity and liabilities | 10/49 | €1,905,493 | €2,142,637 | +€237,143 | +12.4% |
| Equity | 10/15 | €1,795,472 | €1,940,777 | +€145,305 | +8.1% |
| Contributions | 10/11 | €166,089 | €166,089 | = | 0.0% |
| Capital | 10 | €166,089 | €166,089 | = | 0.0% |
| Issued capital | 100 | €166,089 | €166,089 | = | 0.0% |
| Reserves | 13 | €1,466,609 | €1,716,609 | +€250,000 | +17.0% |
| Non-distributable reserves | 130/1 | €16,609 | €16,609 | = | 0.0% |
| Legal reserve | 130 | €16,609 | €16,609 | = | 0.0% |
| Distributable reserves | 133 | €1,450,000 | €1,700,000 | +€250,000 | +17.2% |
| Profit (loss) carried forward | 14 | €162,774 | €58,079 | -€104,695 | -64.3% |
| Amounts payable | 17/49 | €110,022 | €201,860 | +€91,838 | +83.5% |
| Amounts payable after more than one year | 17 | €107,101 | €49,452 | -€57,648 | -53.8% |
| Other amounts payable | 178/9 | €107,101 | €49,452 | -€57,648 | -53.8% |
| Amounts payable within one year | 42/48 | €2,921 | €152,408 | +€149,486 | +5117.1% |
| Trade debts | 44 | €386 | €150,367 | +€149,980 | +38834.9% |
| Suppliers | 440/4 | €386 | €150,367 | +€149,980 | +38834.9% |
| Taxes, remuneration and social security | 45 | €2,535 | €2,041 | -€494 | -19.5% |
| Taxes | 450/3 | €2,535 | €2,041 | -€494 | -19.5% |
| Remuneration, social security and pensions | 62 | €52,208 | - | -€52,208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,462 | €146,194 | -€13,268 | -8.3% |
| Other operating charges | 640/8 | €64,895 | €165,124 | +€100,229 | +154.4% |
| Gross operating margin | 9900 | €456,771 | €520,463 | +€63,692 | +13.9% |
| Operating profit (loss) | 9901 | €180,206 | €209,144 | +€28,939 | +16.1% |
| Financial income | 75/76B | - | €990 | +€990 | |
| Recurring financial income | 75 | - | €990 | +€990 | |
| Financial charges | 65/66B | €9,664 | €7,715 | -€1,949 | -20.2% |
| Recurring financial charges | 65 | €9,664 | €7,715 | -€1,949 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €170,542 | €202,419 | +€31,878 | +18.7% |
| Income taxes | 67/77 | €47,018 | €57,114 | +€10,096 | +21.5% |
| Profit (loss) for the period | 9904 | €123,524 | €145,305 | +€21,781 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,524 | €145,305 | +€21,781 | +17.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.