IMMO DELHEM: 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 DELHEM
Largest movements
- Receivables within one year -€68,569
down €68,569 (-15.4%), from €444,471 to €375,902
of which Other amounts receivable: -€104,820
- Cash +€50,474
up €50,474 (+50.7%), from €99,647 to €150,120
mainly Receivables within one year (+€68,569) and Depreciation (+€64,651)
- Tangible fixed assets -€38,778
down €38,778 (-7.9%), from €487,891 to €449,113
of which Furniture and vehicles: -€28,222
- Other debts -€112,044
down €112,044 (-46.6%), from €240,589 to €128,546
- Profit (loss) carried forward +€25,249
up €25,249 (+37.0%), from €68,156 to €93,405
- Trade debts +€21,738
up €21,738 (+25.3%), from €85,942 to €107,680
- Depreciation -€52,177
down €52,177 (-44.7%), from €116,827 to €64,651
- Write-downs +€4,020
up €4,020, from €0 to €4,020
- Financial income +€2,172
up €2,172 (+49.4%), from €4,395 to €6,566
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 | €1,034,246 | €976,885 | -€57,360 | -5.5% |
| Fixed assets | 21/28 | €489,641 | €450,863 | -€38,778 | -7.9% |
| Tangible fixed assets | 22/27 | €487,891 | €449,113 | -€38,778 | -7.9% |
| Land and buildings | 22 | €358,370 | €356,564 | -€1,806 | -0.5% |
| Plant, machinery and equipment | 23 | €100,905 | €92,155 | -€8,750 | -8.7% |
| Furniture and vehicles | 24 | €28,616 | €393 | -€28,222 | -98.6% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €544,605 | €526,022 | -€18,583 | -3.4% |
| Amounts receivable within one year | 40/41 | €444,471 | €375,902 | -€68,569 | -15.4% |
| Trade receivables | 40 | €88,957 | €125,207 | +€36,251 | +40.8% |
| Other amounts receivable | 41 | €355,514 | €250,695 | -€104,820 | -29.5% |
| Cash at bank and in hand | 54/58 | €99,647 | €150,120 | +€50,474 | +50.7% |
| Deferred charges and accrued income | 490/1 | €488 | €0 | -€488 | -100.0% |
| Total equity and liabilities | 10/49 | €1,034,246 | €976,885 | -€57,360 | -5.5% |
| Equity | 10/15 | €655,555 | €677,377 | +€21,822 | +3.3% |
| Contributions | 10/11 | €515,000 | €515,000 | = | 0.0% |
| Capital | 10 | €515,000 | €515,000 | = | 0.0% |
| Issued capital | 100 | €515,000 | €515,000 | = | 0.0% |
| Reserves | 13 | €72,399 | €68,972 | -€3,426 | -4.7% |
| Non-distributable reserves | 130/1 | €4,330 | €4,330 | = | 0.0% |
| Legal reserve | 130 | €4,330 | €4,330 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,068 | €64,642 | -€3,426 | -5.0% |
| Profit (loss) carried forward | 14 | €68,156 | €93,405 | +€25,249 | +37.0% |
| Provisions and deferred taxes | 16 | €16,895 | €15,667 | -€1,228 | -7.3% |
| Deferred taxes | 168 | €16,895 | €15,667 | -€1,228 | -7.3% |
| Amounts payable | 17/49 | €361,796 | €283,841 | -€77,954 | -21.5% |
| Amounts payable within one year | 42/48 | €361,796 | €283,841 | -€77,954 | -21.5% |
| Trade debts | 44 | €85,942 | €107,680 | +€21,738 | +25.3% |
| Suppliers | 440/4 | €85,942 | €107,680 | +€21,738 | +25.3% |
| Advances received on contracts in progress | 46 | €35,164 | €45,220 | +€10,056 | +28.6% |
| Taxes, remuneration and social security | 45 | €100 | €2,396 | +€2,296 | +2292.8% |
| Taxes | 450/3 | €100 | €2,396 | +€2,296 | +2292.8% |
| Other amounts payable | 47/48 | €240,589 | €128,546 | -€112,044 | -46.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,827 | €64,651 | -€52,177 | -44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €4,020 | +€4,020 | |
| Other operating charges | 640/8 | €22,057 | €21,164 | -€894 | -4.1% |
| Gross operating margin | 9900 | €103,374 | €104,264 | +€889 | +0.9% |
| Operating profit (loss) | 9901 | -€35,510 | €14,430 | +€49,940 | |
| Financial income | 75/76B | €4,395 | €6,566 | +€2,172 | +49.4% |
| Recurring financial income | 75 | €4,395 | €6,566 | +€2,172 | +49.4% |
| Financial charges | 65/66B | €363 | €403 | +€40 | +11.0% |
| Recurring financial charges | 65 | €363 | €403 | +€40 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | -€31,479 | €20,594 | +€52,072 | |
| Transfer from deferred taxes | 780 | €1,228 | €1,228 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€30,250 | €21,822 | +€52,072 | |
| Transfer from tax-exempt reserves | 789 | €3,426 | €3,426 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,824 | €25,249 | +€52,072 |
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 3 October 2026 via checked.be.