Immo-DELCAL: 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.
What changed
Immo-DELCAL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€1.7m
2023 · €649,890-€2.3m
Equity
€4.7m
2023 · €6.3m-€1.7m
Cash
€6,560
2023 · €45,978-€39,418
Balance sheet total
€21.2m
2023 · €20.3m+€956,179
Largest movements
Assets
- Stocks and contracts +€1.0m
up €1.0m (+9.8%), from €10.6m to €11.6m
Equity and liabilities
- Debts after one year +€2.0m
up €2.0m (+17.9%), from €11.2m to €13.2m
of which Other amounts payable: +€1.5m
- Profit (loss) carried forward -€1.6m
down €1.6m (-33.7%), from €4.8m to €3.2m
- Trade debts +€838,880
up €838,880 (+370%), from €226,459 to €1.1m
Income statement
- Gross operating margin -€2.6m
down €2.6m (-94.8%), from €2.8m to €145,274
- Other operating charges +€966,830
up €966,830 (+1,618%), from €59,772 to €1.0m
- Financial charges -€936,850
down €936,850 (-60.2%), from €1.6m to €620,319
- Taxes -€234,306
down €234,306 (-99.9%), from €234,426 to €120
- Depreciation -€49,078
down €49,078 (-19.3%), from €253,649 to €204,571
From the 2023 result to the 2024 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.
Result 2023
€649,890
Gross operating margin
-€2.6m
Staff costs
+€21,844
Depreciation
+€49,078
Other operating charges
-€966,830
Financial income
+€16,464
Financial charges
+€936,850
Taxes
+€234,306
Result 2024
-€1.7m
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.9m
Investment
-€6,808
Financing
+€1.9m
Cash 2023
€45,978
From operations (derived)
-€1.9m
Net result for the year
-€1.7m
Depreciation
+€204,571
Stocks and contracts
-€1.0m
Receivables within one year
-€152,430
Deferred charges and accrued income
-€6,786
Provisions
-€35,380
Trade debts
+€838,880
Tax, wage and social debts
-€5,094
Other debts
-€22,092
Investment (derived)
-€6,808
Investment in fixed assets (net)
-€6,808
Financing
+€1.9m
Debts after one year
+€2.0m
Current portion of long-term debt
+€1,351
Short-term financial debts
-€138,973
Cash 2024
€6,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,278,078 | €21,234,257 | +€956,179 | +4.7% |
| Fixed assets | 21/28 | €8,231,185 | €8,033,422 | -€197,763 | -2.4% |
| Tangible fixed assets | 22/27 | €8,231,103 | €8,033,340 | -€197,763 | -2.4% |
| Land and buildings | 22 | €7,771,760 | €7,614,257 | -€157,503 | -2.0% |
| Plant, machinery and equipment | 23 | €447,725 | €412,969 | -€34,756 | -7.8% |
| Furniture and vehicles | 24 | €11,618 | €6,113 | -€5,504 | -47.4% |
| Financial fixed assets | 28 | €82 | €82 | = | 0.0% |
| Current assets | 29/58 | €12,046,893 | €13,200,835 | +€1.2m | +9.6% |
| Stocks and contracts in progress | 3 | €10,573,394 | €11,607,539 | +€1.0m | +9.8% |
| Stocks | 30/36 | €10,573,394 | €11,607,539 | +€1.0m | +9.8% |
| Amounts receivable within one year | 40/41 | €1,418,172 | €1,570,602 | +€152,430 | +10.7% |
| Trade receivables | 40 | - | €1,772 | +€1,772 | |
| Other amounts receivable | 41 | €1,418,172 | €1,568,830 | +€150,658 | +10.6% |
| Cash at bank and in hand | 54/58 | €45,978 | €6,560 | -€39,418 | -85.7% |
| Deferred charges and accrued income | 490/1 | €9,348 | €16,134 | +€6,786 | +72.6% |
| Total equity and liabilities | 10/49 | €20,278,078 | €21,234,257 | +€956,179 | +4.7% |
| Equity | 10/15 | €6,346,493 | €4,657,190 | -€1.7m | -26.6% |
| Contributions | 10/11 | €818,049 | €818,049 | = | 0.0% |
| Reserves | 13 | €724,270 | €655,596 | -€68,673 | -9.5% |
| Non-distributable reserves | 130/1 | €81,805 | €81,805 | = | 0.0% |
| Reserves not available under the articles | 1311 | €81,805 | €81,805 | = | 0.0% |
| Tax-exempt reserves | 132 | €642,465 | €573,791 | -€68,673 | -10.7% |
| Profit (loss) carried forward | 14 | €4,804,175 | €3,183,545 | -€1.6m | -33.7% |
| Provisions and deferred taxes | 16 | €329,320 | €293,940 | -€35,380 | -10.7% |
| Deferred taxes | 168 | €329,320 | €293,940 | -€35,380 | -10.7% |
| Amounts payable | 17/49 | €13,602,265 | €16,283,127 | +€2.7m | +19.7% |
| Amounts payable after more than one year | 17 | €11,207,444 | €13,214,233 | +€2.0m | +17.9% |
| Financial debts | 170/4 | €10,926,285 | €11,401,619 | +€475,334 | +4.4% |
| Other amounts payable | 178/9 | €281,158 | €1,812,614 | +€1.5m | +545% |
| Amounts payable within one year | 42/48 | €2,394,821 | €3,068,893 | +€674,072 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €26,983 | €28,335 | +€1,351 | +5.0% |
| Financial debts | 43 | €171,958 | €32,985 | -€138,973 | -80.8% |
| Credit institutions | 430/8 | €171,958 | €32,985 | -€138,973 | -80.8% |
| Trade debts | 44 | €226,459 | €1,065,339 | +€838,880 | +370% |
| Suppliers | 440/4 | €226,459 | €1,065,339 | +€838,880 | +370% |
| Taxes, remuneration and social security | 45 | €245,092 | €239,999 | -€5,094 | -2.1% |
| Taxes | 450/3 | €237,188 | €234,426 | -€2,762 | -1.2% |
| Remuneration and social security | 454/9 | €7,904 | €5,573 | -€2,331 | -29.5% |
| Other amounts payable | 47/48 | €1,724,328 | €1,702,236 | -€22,092 | -1.3% |
| Remuneration, social security and pensions | 62 | €118,659 | €96,815 | -€21,844 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €253,649 | €204,571 | -€49,078 | -19.3% |
| Other operating charges | 640/8 | €59,772 | €1,026,602 | +€966,830 | +1,618% |
| Gross operating margin | 9900 | €2,776,179 | €145,274 | -€2.6m | -94.8% |
| Operating profit (loss) | 9901 | €2,344,099 | -€1,182,714 | -€3.5m | |
| Financial income | 75/76B | €62,006 | €78,470 | +€16,464 | +26.6% |
| Recurring financial income | 75 | €62,006 | €78,470 | +€16,464 | +26.6% |
| Financial charges | 65/66B | €1,557,169 | €620,319 | -€936,850 | -60.2% |
| Recurring financial charges | 65 | €1,557,169 | €620,319 | -€936,850 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €848,936 | -€1,724,563 | -€2.6m | |
| Transfer from deferred taxes | 780 | €35,380 | €35,380 | = | 0.0% |
| Income taxes | 67/77 | €234,426 | €120 | -€234,306 | -99.9% |
| Profit (loss) for the period | 9904 | €649,890 | -€1,689,303 | -€2.3m | |
| Transfer from tax-exempt reserves | 789 | €68,673 | €68,673 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €718,564 | -€1,620,629 | -€2.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.