IMMO DAVID: 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 DAVID
Largest movements
- Cash +€118,157
up €118,157 (+28.7%), from €411,641 to €529,798
mainly Other debts (+€64,804) and Trade debts (+€41,963)
- Receivables within one year +€21,308
up €21,308 (+242.0%), from €8,805 to €30,113
of which Trade receivables: +€20,818
- Other debts +€64,804
up €64,804 (+16.2%), from €400,911 to €465,715
- Trade debts +€41,963
up €41,963 (+308.6%), from €13,598 to €55,560
- Profit (loss) carried forward +€35,899
up €35,899 (+90.9%), from -€39,506 to -€3,608
- Current portion of long-term debt -€12,070
down €12,070 (-100.0%), from €12,070 to €0
- Tax, wage and social debts +€8,026
up €8,026 (+66.7%), from €12,038 to €20,064
of which Taxes: +€10,928
- Gross operating margin +€144,516
up €144,516 (+679.9%), from €21,256 to €165,772
- Staff costs +€24,060
up €24,060 (+39.7%), from €60,620 to €84,680
- Taxes +€11,502
up €11,502 (+2218.8%), from €518 to €12,020
- Write-downs -€9,926
down €9,926, from €9,672 to -€254
- Other operating charges +€6,441
up €6,441 (+173.3%), from €3,717 to €10,158
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 | €520,901 | €659,267 | +€138,366 | +26.6% |
| Fixed assets | 21/28 | €99,690 | €98,680 | -€1,010 | -1.0% |
| Tangible fixed assets | 22/27 | €99,465 | €98,455 | -€1,010 | -1.0% |
| Land and buildings | 22 | €95,776 | €90,265 | -€5,511 | -5.8% |
| Furniture and vehicles | 24 | €3,689 | €8,190 | +€4,501 | +122.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €421,211 | €560,587 | +€139,376 | +33.1% |
| Amounts receivable within one year | 40/41 | €8,805 | €30,113 | +€21,308 | +242.0% |
| Trade receivables | 40 | €6,119 | €26,937 | +€20,818 | +340.2% |
| Other amounts receivable | 41 | €2,686 | €3,176 | +€490 | +18.2% |
| Current investments | 50/53 | €305 | €306 | +€0 | +0.1% |
| Cash at bank and in hand | 54/58 | €411,641 | €529,798 | +€118,157 | +28.7% |
| Deferred charges and accrued income | 490/1 | €459 | €371 | -€89 | -19.3% |
| Total equity and liabilities | 10/49 | €520,901 | €659,267 | +€138,366 | +26.6% |
| Equity | 10/15 | €29,794 | €65,692 | +€35,899 | +120.5% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €6,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,506 | -€3,608 | +€35,899 | +90.9% |
| Amounts payable | 17/49 | €491,107 | €593,575 | +€102,468 | +20.9% |
| Amounts payable within one year | 42/48 | €491,107 | €593,575 | +€102,468 | +20.9% |
| Current portion of amounts payable after more than one year | 42 | €12,070 | €0 | -€12,070 | -100.0% |
| Financial debts | 43 | €52,490 | €52,235 | -€254 | -0.5% |
| Credit institutions | 430/8 | €52,490 | €52,235 | -€254 | -0.5% |
| Trade debts | 44 | €13,598 | €55,560 | +€41,963 | +308.6% |
| Suppliers | 440/4 | €13,598 | €55,560 | +€41,963 | +308.6% |
| Taxes, remuneration and social security | 45 | €12,038 | €20,064 | +€8,026 | +66.7% |
| Taxes | 450/3 | €3,853 | €14,781 | +€10,928 | +283.6% |
| Remuneration and social security | 454/9 | €8,185 | €5,283 | -€2,901 | -35.4% |
| Other amounts payable | 47/48 | €400,911 | €465,715 | +€64,804 | +16.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €60,620 | €84,680 | +€24,060 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,587 | €7,227 | +€1,640 | +29.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,672 | -€254 | -€9,926 | |
| Other operating charges | 640/8 | €3,717 | €10,158 | +€6,441 | +173.3% |
| Non-recurring operating charges | 66A | - | €11,479 | +€11,479 | |
| Gross operating margin | 9900 | €21,256 | €165,772 | +€144,516 | +679.9% |
| Operating profit (loss) | 9901 | -€58,339 | €52,483 | +€110,822 | |
| Financial income | 75/76B | €1 | €60 | +€59 | +11856.0% |
| Recurring financial income | 75 | €1 | €60 | +€59 | +11856.0% |
| Financial charges | 65/66B | €6,214 | €4,624 | -€1,590 | -25.6% |
| Recurring financial charges | 65 | €6,214 | €4,624 | -€1,590 | -25.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€64,553 | €47,919 | +€112,472 | |
| Income taxes | 67/77 | €518 | €12,020 | +€11,502 | +2218.8% |
| Profit (loss) for the period | 9904 | -€65,072 | €35,899 | +€100,970 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,072 | €35,899 | +€100,970 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.