IMMO DELIWO: 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 DELIWO
Largest movements
- Tangible fixed assets +€291,918
up €291,918 (+19.3%), from €1.5m to €1.8m
- Debts after one year +€689,377
up €689,377 (+78.0%), from €883,586 to €1.6m
- Revaluation surpluses -€547,239
down €547,239 (-100%), from €547,239 to €0
- Profit (loss) carried forward +€170,760
up €170,760, from -€76,608 to €94,152
- Other debts -€96,987
down €96,987 (-47.3%), from €205,142 to €108,155
- Current portion of long-term debt +€40,737
up €40,737 (+84.2%), from €48,386 to €89,123
- Other operating charges +€106,955
up €106,955 (+1,117%), from €9,573 to €116,528
- Depreciation -€98,800
down €98,800 (-79.3%), from €124,642 to €25,842
- Taxes +€38,833
new in 2025: €38,833
- Gross operating margin +€23,488
up €23,488 (+6.8%), from €343,125 to €366,613
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.
Derived cash bridge
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 | €1,628,675 | €1,923,581 | +€294,906 | +18.1% |
| Fixed assets | 21/28 | €1,508,994 | €1,800,913 | +€291,918 | +19.3% |
| Tangible fixed assets | 22/27 | €1,508,994 | €1,800,913 | +€291,918 | +19.3% |
| Land and buildings | 22 | €1,508,994 | €1,800,913 | +€291,918 | +19.3% |
| Current assets | 29/58 | €119,681 | €122,668 | +€2,987 | +2.5% |
| Amounts receivable within one year | 40/41 | €28,804 | €34,017 | +€5,213 | +18.1% |
| Trade receivables | 40 | €802 | €0 | -€802 | -100% |
| Other amounts receivable | 41 | €28,002 | €34,017 | +€6,015 | +21.5% |
| Current investments | 50/53 | €80,000 | €81,376 | +€1,376 | +1.7% |
| Cash at bank and in hand | 54/58 | €10,877 | €5,195 | -€5,682 | -52.2% |
| Deferred charges and accrued income | 490/1 | €0 | €2,080 | +€2,080 | |
| Total equity and liabilities | 10/49 | €1,628,675 | €1,923,581 | +€294,906 | +18.1% |
| Equity | 10/15 | €489,231 | €112,752 | -€376,479 | -77.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €547,239 | €0 | -€547,239 | -100% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€76,608 | €94,152 | +€170,760 | |
| Amounts payable | 17/49 | €1,139,444 | €1,810,829 | +€671,385 | +58.9% |
| Amounts payable after more than one year | 17 | €883,586 | €1,572,963 | +€689,377 | +78.0% |
| Financial debts | 170/4 | €883,586 | €1,572,963 | +€689,377 | +78.0% |
| Amounts payable within one year | 42/48 | €254,022 | €237,866 | -€16,157 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €48,386 | €89,123 | +€40,737 | +84.2% |
| Trade debts | 44 | €495 | €2,347 | +€1,852 | +375% |
| Suppliers | 440/4 | €495 | €2,347 | +€1,852 | +375% |
| Taxes, remuneration and social security | 45 | €0 | €38,241 | +€38,241 | |
| Taxes | 450/3 | €0 | €38,241 | +€38,241 | |
| Other amounts payable | 47/48 | €205,142 | €108,155 | -€96,987 | -47.3% |
| Accrued charges and deferred income | 492/3 | €1,836 | €0 | -€1,836 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,642 | €25,842 | -€98,800 | -79.3% |
| Other operating charges | 640/8 | €9,573 | €116,528 | +€106,955 | +1,117% |
| Gross operating margin | 9900 | €343,125 | €366,613 | +€23,488 | +6.8% |
| Operating profit (loss) | 9901 | €208,910 | €224,243 | +€15,333 | +7.3% |
| Financial income | 75/76B | €260 | €1,975 | +€1,715 | +659% |
| Recurring financial income | 75 | €260 | €1,975 | +€1,715 | +659% |
| Financial charges | 65/66B | €17,363 | €16,624 | -€739 | -4.3% |
| Recurring financial charges | 65 | €17,363 | €16,624 | -€739 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €191,807 | €209,593 | +€17,786 | +9.3% |
| Income taxes | 67/77 | - | €38,833 | +€38,833 | |
| Profit (loss) for the period | 9904 | €191,807 | €170,760 | -€21,047 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €191,807 | €170,760 | -€21,047 | -11.0% |
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 18 October 2026 via checked.be.