IMMO-DEFOIN: 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-DEFOIN
Largest movements
- Receivables within one year -€4,187
down €4,187 (-20.2%), from €20,771 to €16,584
- Cash +€3,221
up €3,221 (+430%), from €749 to €3,970
mainly Net result for the year (+€11,345) and Depreciation (+€4,321)
- Tangible fixed assets -€1,855
down €1,855 (-2.5%), from €73,031 to €71,176
- Deferred charges and accrued income -€1,839
down €1,839 (-63.9%), from €2,878 to €1,039
- Short-term financial debts -€3,181
down €3,181 (-90.0%), from €3,535 to €354
- Other debts -€2,124
down €2,124 (-13.3%), from €15,990 to €13,866
- Accrued charges and deferred income -€1,612
down €1,612 (-84.3%), from €1,912 to €300
- Trade debts +€1,405
up €1,405 (+170%), from €824 to €2,230
- Depreciation +€2,470
up €2,470 (+133%), from €1,852 to €4,321
- Financial charges +€791
up €791 (+67.3%), from €1,176 to €1,967
- Gross operating margin +€723
up €723 (+3.1%), from €23,231 to €23,954
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 | €97,430 | €92,770 | -€4,661 | -4.8% |
| Fixed assets | 21/28 | €73,031 | €71,176 | -€1,855 | -2.5% |
| Tangible fixed assets | 22/27 | €73,031 | €71,176 | -€1,855 | -2.5% |
| Land and buildings | 22 | €73,031 | €71,176 | -€1,855 | -2.5% |
| Current assets | 29/58 | €24,399 | €21,594 | -€2,805 | -11.5% |
| Amounts receivable within one year | 40/41 | €20,771 | €16,584 | -€4,187 | -20.2% |
| Other amounts receivable | 41 | €20,771 | €16,584 | -€4,187 | -20.2% |
| Cash at bank and in hand | 54/58 | €749 | €3,970 | +€3,221 | +430% |
| Deferred charges and accrued income | 490/1 | €2,878 | €1,039 | -€1,839 | -63.9% |
| Total equity and liabilities | 10/49 | €97,430 | €92,770 | -€4,661 | -4.8% |
| Equity | 10/15 | €36,920 | €36,920 | = | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,328 | €18,328 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,040 | €6,040 | = | 0.0% |
| Distributable reserves | 133 | €12,288 | €12,288 | = | 0.0% |
| Amounts payable | 17/49 | €60,510 | €55,850 | -€4,661 | -7.7% |
| Amounts payable after more than one year | 17 | €31,483 | €31,907 | +€424 | +1.3% |
| Financial debts | 170/4 | €31,483 | €31,907 | +€424 | +1.3% |
| Amounts payable within one year | 42/48 | €27,115 | €23,643 | -€3,473 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,766 | €7,193 | +€427 | +6.3% |
| Financial debts | 43 | €3,535 | €354 | -€3,181 | -90.0% |
| Credit institutions | 430/8 | €3,535 | €354 | -€3,181 | -90.0% |
| Trade debts | 44 | €824 | €2,230 | +€1,405 | +170% |
| Suppliers | 440/4 | €824 | €2,230 | +€1,405 | +170% |
| Other amounts payable | 47/48 | €15,990 | €13,866 | -€2,124 | -13.3% |
| Accrued charges and deferred income | 492/3 | €1,912 | €300 | -€1,612 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,852 | €4,321 | +€2,470 | +133% |
| Other operating charges | 640/8 | €2,527 | €2,609 | +€82 | +3.2% |
| Gross operating margin | 9900 | €23,231 | €23,954 | +€723 | +3.1% |
| Operating profit (loss) | 9901 | €18,852 | €17,023 | -€1,829 | -9.7% |
| Financial charges | 65/66B | €1,176 | €1,967 | +€791 | +67.3% |
| Recurring financial charges | 65 | €1,176 | €1,967 | +€791 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €17,676 | €15,056 | -€2,620 | -14.8% |
| Income taxes | 67/77 | €3,604 | €3,710 | +€106 | +2.9% |
| Profit (loss) for the period | 9904 | €14,072 | €11,345 | -€2,727 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,072 | €11,345 | -€2,727 | -19.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.