Immo DDL: 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 DDL
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-24.8%), from €5.9m to €4.4m
of which Land and buildings: -€1.5m
- Receivables within one year -€1.3m
down €1.3m (-50.6%), from €2.6m to €1.3m
- Debts after one year -€1.7m
down €1.7m (-31.0%), from €5.4m to €3.8m
- Tax, wage and social debts -€756,406
no longer reported in 2025 (was €756,406)
- Reserves -€173,262
down €173,262 (-11.9%), from €1.5m to €1.3m
of which Distributable reserves: -€173,262
- Trade debts -€88,996
down €88,996 (-26.8%), from €332,354 to €243,357
- Gross operating margin +€545,416
up €545,416 (+2093.0%), from €26,059 to €571,475
- Financial charges +€273,263
up €273,263 (+125.4%), from €217,960 to €491,223
- Write-downs +€36,568
no longer reported in 2025 (was -€36,568)
- Financial income -€32,507
down €32,507 (-42.9%), from €75,782 to €43,275
- Depreciation -€28,156
down €28,156 (-9.6%), from €294,351 to €266,195
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,461,291 | €5,690,409 | -€2.8m | -32.7% |
| Fixed assets | 21/28 | €5,889,418 | €4,427,640 | -€1.5m | -24.8% |
| Tangible fixed assets | 22/27 | €5,889,118 | €4,427,340 | -€1.5m | -24.8% |
| Land and buildings | 22 | €5,683,480 | €4,230,092 | -€1.5m | -25.6% |
| Plant, machinery and equipment | 23 | €103,805 | €90,802 | -€13,003 | -12.5% |
| Furniture and vehicles | 24 | €101,834 | €106,446 | +€4,613 | +4.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €2,571,873 | €1,262,770 | -€1.3m | -50.9% |
| Amounts receivable within one year | 40/41 | €2,557,091 | €1,262,456 | -€1.3m | -50.6% |
| Other amounts receivable | 41 | €2,557,091 | €1,262,456 | -€1.3m | -50.6% |
| Current investments | 50/53 | €1,496 | €314 | -€1,182 | -79.0% |
| Deferred charges and accrued income | 490/1 | €13,285 | - | -€13,285 | |
| Total equity and liabilities | 10/49 | €8,461,291 | €5,690,409 | -€2.8m | -32.7% |
| Equity | 10/15 | €1,519,548 | €1,346,286 | -€173,262 | -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 | €1,458,048 | €1,284,786 | -€173,262 | -11.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,451,898 | €1,278,636 | -€173,262 | -11.9% |
| Amounts payable | 17/49 | €6,941,743 | €4,344,124 | -€2.6m | -37.4% |
| Amounts payable after more than one year | 17 | €5,448,439 | €3,757,958 | -€1.7m | -31.0% |
| Financial debts | 170/4 | €5,448,439 | €3,757,958 | -€1.7m | -31.0% |
| Amounts payable within one year | 42/48 | €1,491,475 | €585,841 | -€905,633 | -60.7% |
| Current portion of amounts payable after more than one year | 42 | €402,714 | €342,484 | -€60,230 | -15.0% |
| Trade debts | 44 | €332,354 | €243,357 | -€88,996 | -26.8% |
| Suppliers | 440/4 | €332,354 | €243,357 | -€88,996 | -26.8% |
| Taxes, remuneration and social security | 45 | €756,406 | - | -€756,406 | |
| Taxes | 450/3 | €756,406 | - | -€756,406 | |
| Accrued charges and deferred income | 492/3 | €1,829 | €325 | -€1,505 | -82.2% |
| Non-recurring operating income | 76A | - | €617,669 | +€617,669 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €294,351 | €266,195 | -€28,156 | -9.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€36,568 | - | +€36,568 | |
| Other operating charges | 640/8 | €46,342 | €30,593 | -€15,750 | -34.0% |
| Gross operating margin | 9900 | €26,059 | €571,475 | +€545,416 | +2093.0% |
| Operating profit (loss) | 9901 | -€278,067 | €274,687 | +€552,753 | |
| Financial income | 75/76B | €75,782 | €43,275 | -€32,507 | -42.9% |
| Recurring financial income | 75 | €75,782 | €43,275 | -€32,507 | -42.9% |
| Financial charges | 65/66B | €217,960 | €491,223 | +€273,263 | +125.4% |
| Recurring financial charges | 65 | €217,960 | €491,223 | +€273,263 | +125.4% |
| Profit (loss) for the period before taxes | 9903 | -€420,245 | -€173,262 | +€246,984 | +58.8% |
| Profit (loss) for the period | 9904 | -€420,245 | -€173,262 | +€246,984 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€420,245 | -€173,262 | +€246,984 | +58.8% |
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 11 October 2026 via checked.be.