IMMO DEBRUYNE: 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.
What changed
IMMO DEBRUYNE
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€465
2024 · -€5,456+€5,922
Equity
€786,694
2024 · €786,229+€465
Cash
€25,259
2024 · €16,114+€9,145
Balance sheet total
€1.1m
2024 · €1.1m-€9,193
Largest movements
Assets
- Tangible fixed assets -€18,099
down €18,099 (-1.7%), from €1.0m to €1.0m
of which Land and buildings: -€19,032
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€3,989
up €3,989 (+10.1%), from €39,638 to €43,627
- Financial charges -€2,318
down €2,318 (-13.0%), from €17,881 to €15,563
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.
Result 2024
-€5,456
Gross operating margin
+€3,989
Depreciation
-€212
Other operating charges
-€172
Financial charges
+€2,318
Result 2025
€465
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.
From operations
+€14,006
Investment
-€4,861
Financing
€0
Cash 2024
€16,114
From operations (derived)
+€14,006
Net result for the year
+€465
Depreciation
+€22,960
Receivables within one year
+€250
Deferred charges and accrued income
-€10
Provisions
-€1,070
Trade debts
+€1,403
Other debts
-€7,710
Accrued charges and deferred income
-€2,282
Investment (derived)
-€4,861
Investment in fixed assets (net)
-€4,861
Cash 2025
€25,259
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,062,822 | €1,053,628 | -€9,193 | -0.9% |
| Fixed assets | 21/28 | €1,045,412 | €1,027,314 | -€18,099 | -1.7% |
| Tangible fixed assets | 22/27 | €1,045,412 | €1,027,314 | -€18,099 | -1.7% |
| Land and buildings | 22 | €1,043,871 | €1,024,839 | -€19,032 | -1.8% |
| Plant, machinery and equipment | 23 | €1,541 | €2,475 | +€933 | +60.5% |
| Current assets | 29/58 | €17,409 | €26,315 | +€8,905 | +51.2% |
| Amounts receivable within one year | 40/41 | €950 | €700 | -€250 | -26.3% |
| Other amounts receivable | 41 | €950 | €700 | -€250 | -26.3% |
| Cash at bank and in hand | 54/58 | €16,114 | €25,259 | +€9,145 | +56.8% |
| Deferred charges and accrued income | 490/1 | €345 | €355 | +€10 | +2.9% |
| Total equity and liabilities | 10/49 | €1,062,822 | €1,053,628 | -€9,193 | -0.9% |
| Equity | 10/15 | €786,229 | €786,694 | +€465 | +0.1% |
| Contributions | 10/11 | €546,497 | €546,497 | = | 0.0% |
| Capital | 10 | €502,799 | €502,799 | = | 0.0% |
| Issued capital | 100 | €502,799 | €502,799 | = | 0.0% |
| Outside capital | 11 | €43,698 | €43,698 | = | 0.0% |
| Share premium | 1100/10 | €43,698 | €43,698 | = | 0.0% |
| Reserves | 13 | €242,740 | €240,197 | -€2,543 | -1.0% |
| Non-distributable reserves | 130/1 | €22,744 | €22,744 | = | 0.0% |
| Legal reserve | 130 | €18,521 | €18,521 | = | 0.0% |
| Other | 1319 | €4,223 | €4,223 | = | 0.0% |
| Tax-exempt reserves | 132 | €100,127 | €96,916 | -€3,211 | -3.2% |
| Distributable reserves | 133 | €119,869 | €120,537 | +€668 | +0.6% |
| Profit (loss) carried forward | 14 | -€3,008 | - | +€3,008 | |
| Provisions and deferred taxes | 16 | €32,428 | €31,358 | -€1,070 | -3.3% |
| Deferred taxes | 168 | €32,428 | €31,358 | -€1,070 | -3.3% |
| Amounts payable | 17/49 | €244,165 | €235,577 | -€8,588 | -3.5% |
| Amounts payable within one year | 42/48 | €224,902 | €218,595 | -€6,307 | -2.8% |
| Trade debts | 44 | €1,098 | €2,501 | +€1,403 | +127.8% |
| Suppliers | 440/4 | €1,098 | €2,501 | +€1,403 | +127.8% |
| Other amounts payable | 47/48 | €223,804 | €216,094 | -€7,710 | -3.4% |
| Accrued charges and deferred income | 492/3 | €19,263 | €16,981 | -€2,282 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,748 | €22,960 | +€212 | +0.9% |
| Other operating charges | 640/8 | €5,536 | €5,708 | +€172 | +3.1% |
| Gross operating margin | 9900 | €39,638 | €43,627 | +€3,989 | +10.1% |
| Operating profit (loss) | 9901 | €11,355 | €14,959 | +€3,604 | +31.7% |
| Financial charges | 65/66B | €17,881 | €15,563 | -€2,318 | -13.0% |
| Recurring financial charges | 65 | €17,881 | €15,563 | -€2,318 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,527 | -€605 | +€5,922 | +90.7% |
| Transfer from deferred taxes | 780 | €1,070 | €1,070 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€5,456 | €465 | +€5,922 | |
| Transfer from tax-exempt reserves | 789 | €3,211 | €3,211 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,246 | €3,676 | +€5,922 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.