IMMO - DECA: 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 - DECA
Largest movements
- Receivables within one year +€73,246
up €73,246 (+15.3%), from €477,747 to €550,993
- Tangible fixed assets -€59,064
down €59,064 (-8.3%), from €709,439 to €650,375
- Cash +€35,774
up €35,774 (+1,814%), from €1,972 to €37,746
mainly Net result for the year (+€354,813) and Depreciation (+€31,474)
- Reserves +€59,550
up €59,550 (+16.8%), from €355,448 to €414,998
of which Distributable reserves: +€72,635
- Profit (loss) carried forward +€45,263
up €45,263, from -€45,263 to €0
- Debts after one year -€22,760
down €22,760 (-12.9%), from €175,951 to €153,190
of which Financial debts: -€23,195
- Trade debts -€18,858
down €18,858 (-83.6%), from €22,561 to €3,703
- Gross operating margin +€457,436
up €457,436 (+935%), from €48,923 to €506,359
- Taxes +€92,642
new in 2025: €92,642
- Other operating charges +€10,556
up €10,556 (+40.1%), from €26,341 to €36,898
- Depreciation -€8,759
down €8,759 (-21.8%), from €40,233 to €31,474
- Write-downs -€8,385
new in 2025: -€8,385
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 | €1,258,450 | €1,312,075 | +€53,625 | +4.3% |
| Fixed assets | 21/28 | €709,439 | €650,375 | -€59,064 | -8.3% |
| Tangible fixed assets | 22/27 | €709,439 | €650,375 | -€59,064 | -8.3% |
| Land and buildings | 22 | €709,439 | €650,375 | -€59,064 | -8.3% |
| Current assets | 29/58 | €549,011 | €661,700 | +€112,689 | +20.5% |
| Amounts receivable within one year | 40/41 | €477,747 | €550,993 | +€73,246 | +15.3% |
| Other amounts receivable | 41 | €477,747 | €550,993 | +€73,246 | +15.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,972 | €37,746 | +€35,774 | +1,814% |
| Deferred charges and accrued income | 490/1 | €69,292 | €72,960 | +€3,669 | +5.3% |
| Total equity and liabilities | 10/49 | €1,258,450 | €1,312,075 | +€53,625 | +4.3% |
| Equity | 10/15 | €630,185 | €734,998 | +€104,813 | +16.6% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Reserves | 13 | €355,448 | €414,998 | +€59,550 | +16.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €353,589 | €340,503 | -€13,085 | -3.7% |
| Distributable reserves | 133 | - | €72,635 | +€72,635 | |
| Profit (loss) carried forward | 14 | -€45,263 | €0 | +€45,263 | |
| Provisions and deferred taxes | 16 | €117,768 | €113,406 | -€4,362 | -3.7% |
| Deferred taxes | 168 | €117,768 | €113,406 | -€4,362 | -3.7% |
| Amounts payable | 17/49 | €510,497 | €463,671 | -€46,827 | -9.2% |
| Amounts payable after more than one year | 17 | €175,951 | €153,190 | -€22,760 | -12.9% |
| Financial debts | 170/4 | €173,871 | €150,675 | -€23,195 | -13.3% |
| Other amounts payable | 178/9 | €2,080 | €2,515 | +€435 | +20.9% |
| Amounts payable within one year | 42/48 | €334,100 | €310,034 | -€24,066 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €29,352 | €23,195 | -€6,157 | -21.0% |
| Financial debts | 43 | €31 | €0 | -€31 | -100% |
| Credit institutions | 430/8 | €31 | €0 | -€31 | -100% |
| Trade debts | 44 | €22,561 | €3,703 | -€18,858 | -83.6% |
| Suppliers | 440/4 | €22,561 | €3,703 | -€18,858 | -83.6% |
| Taxes, remuneration and social security | 45 | €258 | €1,550 | +€1,292 | +501% |
| Taxes | 450/3 | €258 | €1,550 | +€1,292 | +501% |
| Other amounts payable | 47/48 | €281,898 | €281,586 | -€312 | -0.1% |
| Accrued charges and deferred income | 492/3 | €447 | €447 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,233 | €31,474 | -€8,759 | -21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€8,385 | -€8,385 | |
| Other operating charges | 640/8 | €26,341 | €36,898 | +€10,556 | +40.1% |
| Gross operating margin | 9900 | €48,923 | €506,359 | +€457,436 | +935% |
| Operating profit (loss) | 9901 | -€17,651 | €446,372 | +€464,024 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,721 | €3,279 | -€442 | -11.9% |
| Recurring financial charges | 65 | €3,721 | €3,279 | -€442 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,373 | €443,093 | +€464,466 | |
| Transfer from deferred taxes | 780 | €4,362 | €4,362 | = | 0.0% |
| Income taxes | 67/77 | - | €92,642 | +€92,642 | |
| Profit (loss) for the period | 9904 | -€17,011 | €354,813 | +€371,824 | |
| Transfer from tax-exempt reserves | 789 | €13,085 | €13,085 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,926 | €367,898 | +€371,824 |
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 13 October 2026 via checked.be.