IMMO DAVY: 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 DAVY
Largest movements
- Tangible fixed assets -€14,280
down €14,280 (-8.3%), from €171,718 to €157,438
of which Land and buildings: -€13,901
- Cash +€3,896
up €3,896 (+48.7%), from €7,995 to €11,891
mainly Debts after one year (+€88,048) and Depreciation (+€14,280)
- Other debts -€105,000
down €105,000 (-99.8%), from €105,175 to €175
- Debts after one year +€88,048
up €88,048 (+1,260%), from €6,990 to €95,038
of which Financial debts: +€88,523
- Current portion of long-term debt +€8,475
new in 2025: €8,475
- Profit (loss) carried forward -€3,831
down €3,831 (-5.9%), from -€64,493 to -€68,324
- Trade debts +€1,924
up €1,924 (+318%), from €605 to €2,529
- Gross operating margin +€12,256
up €12,256 (+89.4%), from €13,716 to €25,972
- Financial charges +€5,828
up €5,828 (+13,714%), from €43 to €5,871
- Other operating charges +€267
up €267 (+2.8%), from €9,385 to €9,652
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 | €180,160 | €171,524 | -€8,636 | -4.8% |
| Fixed assets | 21/28 | €172,165 | €157,885 | -€14,280 | -8.3% |
| Tangible fixed assets | 22/27 | €171,718 | €157,438 | -€14,280 | -8.3% |
| Land and buildings | 22 | €170,197 | €156,296 | -€13,901 | -8.2% |
| Plant, machinery and equipment | 23 | €1,521 | €1,143 | -€379 | -24.9% |
| Financial fixed assets | 28 | €446 | €446 | = | 0.0% |
| Current assets | 29/58 | €7,995 | €13,640 | +€5,644 | +70.6% |
| Amounts receivable within one year | 40/41 | - | €1,749 | +€1,749 | |
| Other amounts receivable | 41 | - | €1,749 | +€1,749 | |
| Cash at bank and in hand | 54/58 | €7,995 | €11,891 | +€3,896 | +48.7% |
| Total equity and liabilities | 10/49 | €180,160 | €171,524 | -€8,636 | -4.8% |
| Equity | 10/15 | €67,390 | €63,558 | -€3,831 | -5.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €113,291 | €113,291 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €111,432 | €111,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,493 | -€68,324 | -€3,831 | -5.9% |
| Amounts payable | 17/49 | €112,770 | €107,966 | -€4,804 | -4.3% |
| Amounts payable after more than one year | 17 | €6,990 | €95,038 | +€88,048 | +1,260% |
| Financial debts | 170/4 | - | €88,523 | +€88,523 | |
| Other amounts payable | 178/9 | €6,990 | €6,515 | -€475 | -6.8% |
| Amounts payable within one year | 42/48 | €105,780 | €12,927 | -€92,853 | -87.8% |
| Current portion of amounts payable after more than one year | 42 | - | €8,475 | +€8,475 | |
| Trade debts | 44 | €605 | €2,529 | +€1,924 | +318% |
| Suppliers | 440/4 | €605 | €2,529 | +€1,924 | +318% |
| Taxes, remuneration and social security | 45 | - | €1,749 | +€1,749 | |
| Taxes | 450/3 | - | €1,749 | +€1,749 | |
| Other amounts payable | 47/48 | €105,175 | €175 | -€105,000 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,516 | €14,280 | -€236 | -1.6% |
| Other operating charges | 640/8 | €9,385 | €9,652 | +€267 | +2.8% |
| Gross operating margin | 9900 | €13,716 | €25,972 | +€12,256 | +89.4% |
| Operating profit (loss) | 9901 | -€10,185 | €2,039 | +€12,224 | |
| Financial charges | 65/66B | €43 | €5,871 | +€5,828 | +13,714% |
| Recurring financial charges | 65 | €43 | €5,871 | +€5,828 | +13,714% |
| Profit (loss) for the period before taxes | 9903 | -€10,227 | -€3,831 | +€6,396 | +62.5% |
| Profit (loss) for the period | 9904 | -€10,227 | -€3,831 | +€6,396 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,227 | -€3,831 | +€6,396 | +62.5% |
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 29 October 2026 via checked.be.