IMMO DEKEYSER: 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 DEKEYSER
Largest movements
- Current investments -€563,541
down €563,541 (-37.5%), from €1.5m to €939,799
- Cash +€472,229
up €472,229 (+400.9%), from €117,790 to €590,019
mainly Current investments (+€563,541) and Trade debts (+€34,079)
- Tangible fixed assets +€126,092
up €126,092 (+30.1%), from €418,470 to €544,562
of which Assets under construction and advance payments: +€70,583
- Trade debts +€34,079
up €34,079 (+199406.7%), from €17 to €34,096
- Tax, wage and social debts -€22,576
down €22,576 (-95.8%), from €23,571 to €995
- Depreciation +€14,456
up €14,456 (+97.1%), from €14,891 to €29,346
- Gross operating margin -€9,600
down €9,600 (-39.4%), from €24,379 to €14,779
- Taxes -€6,031
down €6,031 (-39.2%), from €15,402 to €9,371
- Financial charges +€2,509
up €2,509 (+27.3%), from €9,184 to €11,693
- Financial income -€1,822
down €1,822 (-4.0%), from €45,100 to €43,279
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,076,036 | €2,091,024 | +€14,988 | +0.7% |
| Fixed assets | 21/28 | €418,470 | €544,562 | +€126,092 | +30.1% |
| Tangible fixed assets | 22/27 | €418,470 | €544,562 | +€126,092 | +30.1% |
| Land and buildings | 22 | €418,470 | €473,979 | +€55,509 | +13.3% |
| Assets under construction and advance payments | 27 | - | €70,583 | +€70,583 | |
| Current assets | 29/58 | €1,657,566 | €1,546,462 | -€111,105 | -6.7% |
| Amounts receivable within one year | 40/41 | €16,115 | €13,155 | -€2,959 | -18.4% |
| Trade receivables | 40 | €13,601 | €10,000 | -€3,601 | -26.5% |
| Other amounts receivable | 41 | €2,514 | €3,155 | +€642 | +25.5% |
| Current investments | 50/53 | €1,503,340 | €939,799 | -€563,541 | -37.5% |
| Cash at bank and in hand | 54/58 | €117,790 | €590,019 | +€472,229 | +400.9% |
| Deferred charges and accrued income | 490/1 | €20,322 | €3,489 | -€16,833 | -82.8% |
| Total equity and liabilities | 10/49 | €2,076,036 | €2,091,024 | +€14,988 | +0.7% |
| Equity | 10/15 | €1,805,828 | €1,813,020 | +€7,192 | +0.4% |
| Contributions | 10/11 | €518,745 | €518,745 | = | 0.0% |
| Reserves | 13 | €1,287,075 | €1,294,258 | +€7,182 | +0.6% |
| Tax-exempt reserves | 132 | €411,650 | €400,652 | -€10,998 | -2.7% |
| Distributable reserves | 133 | €875,426 | €893,606 | +€18,180 | +2.1% |
| Profit (loss) carried forward | 14 | €8 | €18 | +€10 | +118.8% |
| Provisions and deferred taxes | 16 | €129,947 | €126,281 | -€3,666 | -2.8% |
| Deferred taxes | 168 | €129,947 | €126,281 | -€3,666 | -2.8% |
| Amounts payable | 17/49 | €140,261 | €151,722 | +€11,462 | +8.2% |
| Amounts payable within one year | 42/48 | €131,500 | €144,022 | +€12,522 | +9.5% |
| Trade debts | 44 | €17 | €34,096 | +€34,079 | +199406.7% |
| Suppliers | 440/4 | €17 | €34,096 | +€34,079 | +199406.7% |
| Taxes, remuneration and social security | 45 | €23,571 | €995 | -€22,576 | -95.8% |
| Taxes | 450/3 | €23,571 | €995 | -€22,576 | -95.8% |
| Other amounts payable | 47/48 | €107,912 | €108,932 | +€1,020 | +0.9% |
| Accrued charges and deferred income | 492/3 | €8,761 | €7,700 | -€1,061 | -12.1% |
| Non-recurring operating income | 76A | - | €174 | +€174 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,891 | €29,346 | +€14,456 | +97.1% |
| Other operating charges | 640/8 | €3,454 | €4,122 | +€668 | +19.3% |
| Gross operating margin | 9900 | €24,379 | €14,779 | -€9,600 | -39.4% |
| Operating profit (loss) | 9901 | €6,034 | -€18,689 | -€24,723 | |
| Financial income | 75/76B | €45,100 | €43,279 | -€1,822 | -4.0% |
| Recurring financial income | 75 | €45,100 | €43,279 | -€1,822 | -4.0% |
| Financial charges | 65/66B | €9,184 | €11,693 | +€2,509 | +27.3% |
| Recurring financial charges | 65 | €9,184 | €11,693 | +€2,509 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €41,951 | €12,897 | -€29,054 | -69.3% |
| Transfer from deferred taxes | 780 | €1,964 | €3,666 | +€1,701 | +86.6% |
| Income taxes | 67/77 | €15,402 | €9,371 | -€6,031 | -39.2% |
| Profit (loss) for the period | 9904 | €28,514 | €7,192 | -€21,322 | -74.8% |
| Transfer from tax-exempt reserves | 789 | €5,893 | €10,998 | +€5,104 | +86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,407 | €18,190 | -€16,218 | -47.1% |
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 12 October 2026 via checked.be.