IMMO DEDUMA: 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 DEDUMA
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€16,214
2024 · €34,644-€50,858
Equity
€1.1m
2024 · €1.1m-€16,214
Cash
€11,340
2024 · €8,975+€2,365
Balance sheet total
€1.5m
2024 · €1.5m-€28,622
Largest movements
Assets
- Tangible fixed assets -€67,988
down €67,988 (-10.1%), from €670,206 to €602,218
of which Other tangible fixed assets: -€38,104
- Deferred charges and accrued income +€39,680
up €39,680 (+3349.1%), from €1,185 to €40,865
Equity and liabilities
- Other debts -€35,886
down €35,886 (-99.7%), from €36,000 to €114
- Reserves -€16,214
down €16,214 (-2.6%), from €633,451 to €617,236
of which Tax-exempt reserves: -€9,750
Income statement
- Depreciation +€50,257
up €50,257 (+258.6%), from €19,435 to €69,692
- Other operating charges +€11,554
up €11,554 (+144.4%), from €7,999 to €19,552
- Gross operating margin +€6,210
up €6,210 (+11.4%), from €54,343 to €60,553
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
€34,644
Gross operating margin
+€6,210
Depreciation
-€50,257
Other operating charges
-€11,554
Financial income
+€92
Financial charges
+€364
Taxes
+€445
Deferred taxes and other
+€3,842
Result 2025
-€16,214
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
-€14,957
Investment
-€1,704
Financing
+€19,026
Cash 2024
€8,975
From operations (derived)
-€14,957
Net result for the year
-€16,214
Depreciation
+€69,692
Receivables within one year
+€2,679
Deferred charges and accrued income
-€39,680
Provisions
-€4,802
Trade debts
+€12,237
Tax, wage and social debts
+€328
Other debts
-€35,886
Accrued charges and deferred income
-€3,311
Investment (derived)
-€1,704
Investment in fixed assets (net)
-€1,704
Financing
+€19,026
Debts after one year
+€14,174
Current portion of long-term debt
+€4,852
Cash 2025
€11,340
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,538,076 | €1,509,455 | -€28,622 | -1.9% |
| Fixed assets | 21/28 | €670,206 | €602,218 | -€67,988 | -10.1% |
| Tangible fixed assets | 22/27 | €670,206 | €602,218 | -€67,988 | -10.1% |
| Land and buildings | 22 | €551,850 | €523,446 | -€28,404 | -5.1% |
| Plant, machinery and equipment | 23 | €2,406 | €926 | -€1,480 | -61.5% |
| Other tangible fixed assets | 26 | €115,951 | €77,846 | -€38,104 | -32.9% |
| Current assets | 29/58 | €867,870 | €907,236 | +€39,366 | +4.5% |
| Amounts receivable within one year | 40/41 | €857,710 | €855,032 | -€2,679 | -0.3% |
| Trade receivables | 40 | €2,703 | €2,703 | = | 0.0% |
| Other amounts receivable | 41 | €855,007 | €852,328 | -€2,679 | -0.3% |
| Cash at bank and in hand | 54/58 | €8,975 | €11,340 | +€2,365 | +26.3% |
| Deferred charges and accrued income | 490/1 | €1,185 | €40,865 | +€39,680 | +3349.1% |
| Total equity and liabilities | 10/49 | €1,538,076 | €1,509,455 | -€28,622 | -1.9% |
| Equity | 10/15 | €1,097,451 | €1,081,236 | -€16,214 | -1.5% |
| Contributions | 10/11 | €464,000 | €464,000 | = | 0.0% |
| Capital | 10 | €464,000 | €464,000 | = | 0.0% |
| Issued capital | 100 | €464,000 | €464,000 | = | 0.0% |
| Reserves | 13 | €633,451 | €617,236 | -€16,214 | -2.6% |
| Non-distributable reserves | 130/1 | €46,356 | €46,356 | = | 0.0% |
| Legal reserve | 130 | €46,356 | €46,356 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,750 | €0 | -€9,750 | -100.0% |
| Distributable reserves | 133 | €577,345 | €570,880 | -€6,465 | -1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,802 | €0 | -€4,802 | -100.0% |
| Deferred taxes | 168 | €4,802 | €0 | -€4,802 | -100.0% |
| Amounts payable | 17/49 | €435,824 | €428,218 | -€7,605 | -1.7% |
| Amounts payable after more than one year | 17 | €290,177 | €304,351 | +€14,174 | +4.9% |
| Financial debts | 170/4 | €290,177 | €304,351 | +€14,174 | +4.9% |
| Amounts payable within one year | 42/48 | €140,092 | €121,624 | -€18,469 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €27,889 | €32,741 | +€4,852 | +17.4% |
| Trade debts | 44 | €75,971 | €88,208 | +€12,237 | +16.1% |
| Suppliers | 440/4 | €75,971 | €88,208 | +€12,237 | +16.1% |
| Taxes, remuneration and social security | 45 | €233 | €561 | +€328 | +141.1% |
| Taxes | 450/3 | €233 | €561 | +€328 | +141.1% |
| Other amounts payable | 47/48 | €36,000 | €114 | -€35,886 | -99.7% |
| Accrued charges and deferred income | 492/3 | €5,555 | €2,244 | -€3,311 | -59.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,435 | €69,692 | +€50,257 | +258.6% |
| Other operating charges | 640/8 | €7,999 | €19,552 | +€11,554 | +144.4% |
| Gross operating margin | 9900 | €54,343 | €60,553 | +€6,210 | +11.4% |
| Operating profit (loss) | 9901 | €26,909 | -€28,692 | -€55,601 | |
| Financial income | 75/76B | €12,556 | €12,649 | +€92 | +0.7% |
| Recurring financial income | 75 | €12,556 | €12,649 | +€92 | +0.7% |
| Financial charges | 65/66B | €5,560 | €5,196 | -€364 | -6.6% |
| Recurring financial charges | 65 | €5,560 | €5,196 | -€364 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €33,906 | -€21,239 | -€55,145 | |
| Transfer from deferred taxes | 780 | €960 | €4,802 | +€3,842 | +400.0% |
| Income taxes | 67/77 | €222 | -€222 | -€445 | |
| Profit (loss) for the period | 9904 | €34,644 | -€16,214 | -€50,858 | |
| Transfer from tax-exempt reserves | 789 | €1,950 | €9,750 | +€7,800 | +400.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,594 | -€6,465 | -€43,058 |
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.