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.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€365
up €365 (+15.2%), from €2,397 to €2,762
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 | €424,203 | €426,149 | +€1,946 | +0.5% |
| Fixed assets | 21/28 | €417,947 | €417,947 | = | 0.0% |
| Tangible fixed assets | 22/27 | €417,947 | €417,947 | = | 0.0% |
| Other tangible fixed assets | 26 | €417,947 | €417,947 | = | 0.0% |
| Current assets | 29/58 | €6,255 | €8,202 | +€1,946 | +31.1% |
| Cash at bank and in hand | 54/58 | €6,249 | €8,196 | +€1,946 | +31.1% |
| Deferred charges and accrued income | 490/1 | €6 | €6 | = | 0.0% |
| Total equity and liabilities | 10/49 | €424,203 | €426,149 | +€1,946 | +0.5% |
| Equity | 10/15 | €101,765 | €103,903 | +€2,137 | +2.1% |
| Contributions | 10/11 | €167,051 | €167,051 | = | 0.0% |
| Reserves | 13 | €5,478 | €5,478 | = | 0.0% |
| Distributable reserves | 133 | €5,478 | €5,478 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,763 | -€68,626 | +€2,137 | +3.0% |
| Amounts payable | 17/49 | €322,437 | €322,246 | -€191 | -0.1% |
| Amounts payable within one year | 42/48 | €322,087 | €321,896 | -€191 | -0.1% |
| Trade debts | 44 | €528 | €337 | -€191 | -36.2% |
| Suppliers | 440/4 | €528 | €337 | -€191 | -36.2% |
| Other amounts payable | 47/48 | €321,559 | €321,559 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €350 | €350 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €552 | +€25 | +4.7% |
| Gross operating margin | 9900 | €2,397 | €2,762 | +€365 | +15.2% |
| Operating profit (loss) | 9901 | €1,869 | €2,210 | +€340 | +18.2% |
| Financial charges | 65/66B | €66 | €72 | +€6 | +8.8% |
| Recurring financial charges | 65 | €66 | €72 | +€6 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €1,803 | €2,137 | +€334 | +18.5% |
| Profit (loss) for the period | 9904 | €1,803 | €2,137 | +€334 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,803 | €2,137 | +€334 | +18.5% |
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.