IMMO DELINSART: 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 DELINSART
Largest movements
- Tangible fixed assets -€29,840
down €29,840 (-7.7%), from €388,242 to €358,401
of which Land and buildings: -€25,882
- Deferred charges and accrued income -€11,978
down €11,978 (-86.3%), from €13,880 to €1,901
- Other debts -€18,642
down €18,642 (-83.0%), from €22,452 to €3,809
- Debts after one year -€11,605
down €11,605 (-59.4%), from €19,525 to €7,920
- Accrued charges and deferred income -€5,318
down €5,318 (-97.3%), from €5,468 to €150
- Gross operating margin -€5,204
down €5,204 (-10.1%), from €51,298 to €46,094
- Depreciation -€1,000
down €1,000 (-2.6%), from €37,996 to €36,996
- Taxes -€815
down €815 (-36.6%), from €2,230 to €1,415
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,692 | €455,574 | -€38,118 | -7.7% |
| Fixed assets | 21/28 | €388,242 | €358,401 | -€29,840 | -7.7% |
| Tangible fixed assets | 22/27 | €388,242 | €358,401 | -€29,840 | -7.7% |
| Land and buildings | 22 | €327,479 | €301,597 | -€25,882 | -7.9% |
| Plant, machinery and equipment | 23 | €60,763 | €56,804 | -€3,958 | -6.5% |
| Current assets | 29/58 | €105,450 | €97,173 | -€8,278 | -7.8% |
| Amounts receivable after more than one year | 29 | €1,265 | €1,517 | +€252 | +19.9% |
| Other amounts receivable | 291 | €1,265 | €1,517 | +€252 | +19.9% |
| Amounts receivable within one year | 40/41 | - | €1,371 | +€1,371 | |
| Other amounts receivable | 41 | - | €1,371 | +€1,371 | |
| Cash at bank and in hand | 54/58 | €90,305 | €92,382 | +€2,077 | +2.3% |
| Deferred charges and accrued income | 490/1 | €13,880 | €1,901 | -€11,978 | -86.3% |
| Total equity and liabilities | 10/49 | €493,692 | €455,574 | -€38,118 | -7.7% |
| Equity | 10/15 | €428,037 | €430,709 | +€2,672 | +0.6% |
| Contributions | 10/11 | €350,000 | €350,000 | = | 0.0% |
| Reserves | 13 | €78,037 | €80,709 | +€2,672 | +3.4% |
| Distributable reserves | 133 | €78,037 | €80,709 | +€2,672 | +3.4% |
| Amounts payable | 17/49 | €65,655 | €24,865 | -€40,790 | -62.1% |
| Amounts payable after more than one year | 17 | €19,525 | €7,920 | -€11,605 | -59.4% |
| Financial debts | 170/4 | €19,525 | €7,920 | -€11,605 | -59.4% |
| Amounts payable within one year | 42/48 | €40,662 | €16,795 | -€23,867 | -58.7% |
| Current portion of amounts payable after more than one year | 42 | €11,481 | €11,605 | +€124 | +1.1% |
| Trade debts | 44 | €4,500 | - | -€4,500 | |
| Suppliers | 440/4 | €4,500 | - | -€4,500 | |
| Taxes, remuneration and social security | 45 | €2,230 | €1,381 | -€849 | -38.1% |
| Taxes | 450/3 | €2,230 | €1,381 | -€849 | -38.1% |
| Other amounts payable | 47/48 | €22,452 | €3,809 | -€18,642 | -83.0% |
| Accrued charges and deferred income | 492/3 | €5,468 | €150 | -€5,318 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,996 | €36,996 | -€1,000 | -2.6% |
| Other operating charges | 640/8 | €3,998 | €4,297 | +€300 | +7.5% |
| Gross operating margin | 9900 | €51,298 | €46,094 | -€5,204 | -10.1% |
| Operating profit (loss) | 9901 | €9,304 | €4,801 | -€4,503 | -48.4% |
| Financial charges | 65/66B | €920 | €714 | -€205 | -22.3% |
| Recurring financial charges | 65 | €920 | €714 | -€205 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €8,385 | €4,087 | -€4,298 | -51.3% |
| Income taxes | 67/77 | €2,230 | €1,415 | -€815 | -36.6% |
| Profit (loss) for the period | 9904 | €6,155 | €2,672 | -€3,483 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,155 | €2,672 | -€3,483 | -56.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.