IMMO-DEL: 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.
IMMO-DEL
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Contributions +€387,215
new in 2025: €387,215
- Reserves -€387,215
down €387,215 (-99.2%), from €390,215 to €3,000
- Gross operating margin -€19,179
down €19,179 (-37.4%), from €51,277 to €32,099
- Depreciation -€4,234
down €4,234 (-14.9%), from €28,441 to €24,207
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 | €414,432 | €416,032 | +€1,599 | +0.4% |
| Fixed assets | 21/28 | €292,492 | €295,729 | +€3,237 | +1.1% |
| Tangible fixed assets | 22/27 | €292,492 | €295,729 | +€3,237 | +1.1% |
| Land and buildings | 22 | €201,329 | €204,583 | +€3,254 | +1.6% |
| Plant, machinery and equipment | 23 | €10,845 | €9,449 | -€1,397 | -12.9% |
| Other tangible fixed assets | 26 | €80,317 | €81,697 | +€1,380 | +1.7% |
| Current assets | 29/58 | €121,940 | €120,303 | -€1,638 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,846 | €2,310 | -€1,537 | -40.0% |
| Trade receivables | 40 | €3,657 | €1,851 | -€1,806 | -49.4% |
| Other amounts receivable | 41 | €190 | €459 | +€269 | +141.8% |
| Cash at bank and in hand | 54/58 | €118,094 | €117,156 | -€938 | -0.8% |
| Deferred charges and accrued income | 490/1 | - | €837 | +€837 | |
| Total equity and liabilities | 10/49 | €414,432 | €416,032 | +€1,599 | +0.4% |
| Equity | 10/15 | €414,432 | €416,032 | +€1,599 | +0.4% |
| Contributions | 10/11 | - | €387,215 | +€387,215 | |
| Reserves | 13 | €390,215 | €3,000 | -€387,215 | -99.2% |
| Distributable reserves | 133 | €390,215 | €3,000 | -€387,215 | -99.2% |
| Profit (loss) carried forward | 14 | €24,217 | €25,816 | +€1,599 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,441 | €24,207 | -€4,234 | -14.9% |
| Other operating charges | 640/8 | €7,255 | €7,143 | -€112 | -1.5% |
| Gross operating margin | 9900 | €51,277 | €32,099 | -€19,179 | -37.4% |
| Operating profit (loss) | 9901 | €15,581 | €748 | -€14,833 | -95.2% |
| Financial income | 75/76B | €632 | €896 | +€264 | +41.8% |
| Recurring financial income | 75 | €632 | €896 | +€264 | +41.8% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €16,168 | €1,599 | -€14,569 | -90.1% |
| Profit (loss) for the period | 9904 | €16,168 | €1,599 | -€14,569 | -90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,168 | €1,599 | -€14,569 | -90.1% |
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 2 October 2026 via checked.be.