IMMO - DELMAR: 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 - DELMAR
Largest movements
- Cash +€312,117
up €312,117 (+242.2%), from €128,857 to €440,974
mainly Net result for the year (+€240,062) and Tax, wage and social debts (+€42,003)
- Tangible fixed assets -€24,682
down €24,682 (-21.5%), from €114,899 to €90,217
- Reserves +€218,211
up €218,211 (+103.3%), from €211,248 to €429,458
of which Distributable reserves: +€218,211
- Tax, wage and social debts +€42,003
up €42,003, from €0 to €42,003
- Profit (loss) carried forward +€21,851
up €21,851, from -€21,851 to €0
- Gross operating margin +€365,652
up €365,652, from -€10,073 to €355,578
- Taxes +€102,003
up €102,003, from €0 to €102,003
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 | €252,213 | €533,461 | +€281,248 | +111.5% |
| Fixed assets | 21/28 | €114,899 | €90,217 | -€24,682 | -21.5% |
| Tangible fixed assets | 22/27 | €114,899 | €90,217 | -€24,682 | -21.5% |
| Land and buildings | 22 | €114,899 | €90,217 | -€24,682 | -21.5% |
| Current assets | 29/58 | €137,314 | €443,244 | +€305,930 | +222.8% |
| Amounts receivable within one year | 40/41 | €3,000 | €0 | -€3,000 | -100.0% |
| Other amounts receivable | 41 | €3,000 | €0 | -€3,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €128,857 | €440,974 | +€312,117 | +242.2% |
| Deferred charges and accrued income | 490/1 | €5,458 | €2,271 | -€3,187 | -58.4% |
| Total equity and liabilities | 10/49 | €252,213 | €533,461 | +€281,248 | +111.5% |
| Equity | 10/15 | €251,396 | €491,458 | +€240,062 | +95.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €211,248 | €429,458 | +€218,211 | +103.3% |
| Non-distributable reserves | 130/1 | €28,340 | €28,340 | = | 0.0% |
| Legal reserve | 130 | €28,340 | €28,340 | = | 0.0% |
| Distributable reserves | 133 | €182,908 | €401,118 | +€218,211 | +119.3% |
| Profit (loss) carried forward | 14 | -€21,851 | €0 | +€21,851 | |
| Amounts payable | 17/49 | €817 | €42,003 | +€41,186 | +5041.7% |
| Amounts payable within one year | 42/48 | €817 | €42,003 | +€41,186 | +5041.7% |
| Trade debts | 44 | €817 | €0 | -€817 | -100.0% |
| Suppliers | 440/4 | €817 | €0 | -€817 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €42,003 | +€42,003 | |
| Taxes | 450/3 | €0 | €42,003 | +€42,003 | |
| Non-recurring operating income | 76A | - | €395,319 | +€395,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €14,654 | €13,401 | -€1,253 | -8.6% |
| Gross operating margin | 9900 | -€10,073 | €355,578 | +€365,652 | |
| Operating profit (loss) | 9901 | -€24,727 | €342,178 | +€366,905 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29 | €113 | +€84 | +295.0% |
| Recurring financial charges | 65 | €29 | €113 | +€84 | +295.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,755 | €342,065 | +€366,821 | |
| Income taxes | 67/77 | €0 | €102,003 | +€102,003 | |
| Profit (loss) for the period | 9904 | -€24,755 | €240,062 | +€264,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,755 | €240,062 | +€264,818 |
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 12 October 2026 via checked.be.