Immo De Spinde: 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 De Spinde
Largest movements
- Cash +€57,995
up €57,995 (+146%), from €39,623 to €97,618
mainly Net result for the year (+€65,671) and Depreciation (+€50,329)
- Tangible fixed assets -€38,147
down €38,147 (-2.2%), from €1.8m to €1.7m
- Profit (loss) carried forward +€65,671
up €65,671 (+13.3%), from €495,553 to €561,224
- Debts after one year -€55,335
down €55,335 (-9.9%), from €557,025 to €501,690
of which Financial debts: -€56,325
- Gross operating margin +€26,747
up €26,747 (+23.4%), from €114,313 to €141,061
- Depreciation -€8,730
down €8,730 (-14.8%), from €59,059 to €50,329
- Other operating charges +€6,754
up €6,754 (+105%), from €6,403 to €13,157
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 | €1,807,988 | €1,829,784 | +€21,796 | +1.2% |
| Fixed assets | 21/28 | €1,766,435 | €1,728,288 | -€38,147 | -2.2% |
| Tangible fixed assets | 22/27 | €1,766,435 | €1,728,288 | -€38,147 | -2.2% |
| Land and buildings | 22 | €1,766,435 | €1,728,288 | -€38,147 | -2.2% |
| Current assets | 29/58 | €41,553 | €101,496 | +€59,943 | +144% |
| Amounts receivable within one year | 40/41 | €1,745 | €2,970 | +€1,225 | +70.2% |
| Trade receivables | 40 | €1,745 | €2,652 | +€908 | +52.0% |
| Other amounts receivable | 41 | - | €317 | +€317 | |
| Cash at bank and in hand | 54/58 | €39,623 | €97,618 | +€57,995 | +146% |
| Deferred charges and accrued income | 490/1 | €185 | €909 | +€723 | +390% |
| Total equity and liabilities | 10/49 | €1,807,988 | €1,829,784 | +€21,796 | +1.2% |
| Equity | 10/15 | €788,937 | €854,608 | +€65,671 | +8.3% |
| Contributions | 10/11 | €52,784 | €52,784 | = | 0.0% |
| Reserves | 13 | €240,600 | €240,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €240,322 | €240,322 | = | 0.0% |
| Distributable reserves | 133 | €278 | €278 | = | 0.0% |
| Profit (loss) carried forward | 14 | €495,553 | €561,224 | +€65,671 | +13.3% |
| Amounts payable | 17/49 | €1,019,051 | €975,176 | -€43,875 | -4.3% |
| Amounts payable after more than one year | 17 | €557,025 | €501,690 | -€55,335 | -9.9% |
| Financial debts | 170/4 | €556,485 | €500,160 | -€56,325 | -10.1% |
| Other amounts payable | 178/9 | €540 | €1,530 | +€990 | +183% |
| Amounts payable within one year | 42/48 | €452,402 | €463,848 | +€11,445 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €1,912 | €9,234 | +€7,322 | +383% |
| Suppliers | 440/4 | €1,912 | €9,234 | +€7,322 | +383% |
| Other amounts payable | 47/48 | €390,490 | €394,613 | +€4,123 | +1.1% |
| Accrued charges and deferred income | 492/3 | €9,624 | €9,638 | +€14 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,059 | €50,329 | -€8,730 | -14.8% |
| Other operating charges | 640/8 | €6,403 | €13,157 | +€6,754 | +105% |
| Gross operating margin | 9900 | €114,313 | €141,061 | +€26,747 | +23.4% |
| Operating profit (loss) | 9901 | €48,851 | €77,575 | +€28,724 | +58.8% |
| Financial charges | 65/66B | €12,307 | €11,904 | -€403 | -3.3% |
| Recurring financial charges | 65 | €12,307 | €11,904 | -€403 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €36,545 | €65,671 | +€29,126 | +79.7% |
| Profit (loss) for the period | 9904 | €36,545 | €65,671 | +€29,126 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,545 | €65,671 | +€29,126 | +79.7% |
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 15 October 2026 via checked.be.