IMMO DELBO: 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 DELBO
Largest movements
- Cash -€10,267
down €10,267 (-61.9%), from €16,576 to €6,309
mainly Investment in fixed assets (net) (-€6,769) and Net result for the year (-€4,598)
- Profit (loss) carried forward -€4,598
down €4,598, from €913 to -€3,685
- Debts after one year -€4,000
down €4,000 (-9.3%), from €43,000 to €39,000
- Gross operating margin +€2,840
up €2,840 (+56.6%), from €5,019 to €7,860
- Financial charges -€1,046
down €1,046 (-26.2%), from €3,996 to €2,949
- Depreciation +€337
up €337 (+5.2%), from €6,472 to €6,809
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 | €118,127 | €107,920 | -€10,208 | -8.6% |
| Fixed assets | 21/28 | €100,276 | €100,236 | -€40 | 0.0% |
| Tangible fixed assets | 22/27 | €100,276 | €100,236 | -€40 | 0.0% |
| Land and buildings | 22 | €100,276 | €100,236 | -€40 | 0.0% |
| Current assets | 29/58 | €17,851 | €7,683 | -€10,168 | -57.0% |
| Cash at bank and in hand | 54/58 | €16,576 | €6,309 | -€10,267 | -61.9% |
| Deferred charges and accrued income | 490/1 | €1,275 | €1,374 | +€99 | +7.8% |
| Total equity and liabilities | 10/49 | €118,127 | €107,920 | -€10,208 | -8.6% |
| Equity | 10/15 | €69,084 | €64,486 | -€4,598 | -6.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €913 | -€3,685 | -€4,598 | |
| Amounts payable | 17/49 | €49,043 | €43,434 | -€5,609 | -11.4% |
| Amounts payable after more than one year | 17 | €43,000 | €39,000 | -€4,000 | -9.3% |
| Financial debts | 170/4 | €43,000 | €39,000 | -€4,000 | -9.3% |
| Amounts payable within one year | 42/48 | €1,526 | €960 | -€567 | -37.1% |
| Trade debts | 44 | €613 | €702 | +€89 | +14.5% |
| Suppliers | 440/4 | €613 | €702 | +€89 | +14.5% |
| Taxes, remuneration and social security | 45 | €248 | €255 | +€7 | +2.8% |
| Taxes | 450/3 | €248 | €255 | +€7 | +2.8% |
| Other amounts payable | 47/48 | €665 | €2 | -€663 | -99.7% |
| Accrued charges and deferred income | 492/3 | €4,517 | €3,474 | -€1,043 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,472 | €6,809 | +€337 | +5.2% |
| Other operating charges | 640/8 | €2,572 | €2,626 | +€54 | +2.1% |
| Gross operating margin | 9900 | €5,019 | €7,860 | +€2,840 | +56.6% |
| Operating profit (loss) | 9901 | -€4,025 | -€1,576 | +€2,449 | +60.9% |
| Financial income | 75/76B | €119 | €66 | -€53 | -44.4% |
| Recurring financial income | 75 | €119 | €66 | -€53 | -44.4% |
| Financial charges | 65/66B | €3,996 | €2,949 | -€1,046 | -26.2% |
| Recurring financial charges | 65 | €3,996 | €2,949 | -€1,046 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,902 | -€4,459 | +€3,443 | +43.6% |
| Income taxes | 67/77 | €171 | €140 | -€32 | -18.5% |
| Profit (loss) for the period | 9904 | -€8,073 | -€4,598 | +€3,475 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,073 | -€4,598 | +€3,475 | +43.0% |
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 11 October 2026 via checked.be.