IMMO DELVA: 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 DELVA
Largest movements
- Tangible fixed assets -€45,800
down €45,800 (-5.7%), from €799,345 to €753,545
- Cash +€27,282
up €27,282 (+78.3%), from €34,837 to €62,119
mainly Net result for the year (+€49,327) and Depreciation (+€45,800)
- Debts after one year -€71,633
down €71,633 (-8.5%), from €847,598 to €775,965
- Reserves +€49,327
up €49,327 (+41.9%), from €117,755 to €167,082
No income-statement line moved by more than 1% of the activity.
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 | €1,073,941 | €1,057,655 | -€16,285 | -1.5% |
| Fixed assets | 21/28 | €799,345 | €753,545 | -€45,800 | -5.7% |
| Tangible fixed assets | 22/27 | €799,345 | €753,545 | -€45,800 | -5.7% |
| Land and buildings | 22 | €799,345 | €753,545 | -€45,800 | -5.7% |
| Current assets | 29/58 | €274,596 | €304,110 | +€29,514 | +10.7% |
| Amounts receivable within one year | 40/41 | €239,759 | €235,374 | -€4,385 | -1.8% |
| Trade receivables | 40 | €13,020 | €18,726 | +€5,706 | +43.8% |
| Other amounts receivable | 41 | €226,739 | €216,648 | -€10,091 | -4.5% |
| Cash at bank and in hand | 54/58 | €34,837 | €62,119 | +€27,282 | +78.3% |
| Deferred charges and accrued income | 490/1 | - | €6,617 | +€6,617 | |
| Total equity and liabilities | 10/49 | €1,073,941 | €1,057,655 | -€16,285 | -1.5% |
| Equity | 10/15 | €136,355 | €185,682 | +€49,327 | +36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,755 | €167,082 | +€49,327 | +41.9% |
| Distributable reserves | 133 | €117,755 | €167,082 | +€49,327 | +41.9% |
| Amounts payable | 17/49 | €937,586 | €871,974 | -€65,612 | -7.0% |
| Amounts payable after more than one year | 17 | €847,598 | €775,965 | -€71,633 | -8.5% |
| Financial debts | 170/4 | €847,598 | €775,965 | -€71,633 | -8.5% |
| Amounts payable within one year | 42/48 | €89,878 | €90,384 | +€506 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €71,633 | €71,633 | = | 0.0% |
| Trade debts | 44 | €175 | €421 | +€246 | +141.0% |
| Suppliers | 440/4 | €175 | €421 | +€246 | +141.0% |
| Taxes, remuneration and social security | 45 | €7,820 | €7,849 | +€29 | +0.4% |
| Taxes | 450/3 | €7,820 | €7,849 | +€29 | +0.4% |
| Other amounts payable | 47/48 | €10,251 | €10,481 | +€230 | +2.2% |
| Accrued charges and deferred income | 492/3 | €110 | €5,625 | +€5,515 | +5015.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,800 | €45,800 | = | 0.0% |
| Other operating charges | 640/8 | €15,749 | €16,146 | +€398 | +2.5% |
| Gross operating margin | 9900 | €134,674 | €134,570 | -€104 | -0.1% |
| Operating profit (loss) | 9901 | €73,126 | €72,624 | -€502 | -0.7% |
| Financial income | 75/76B | €3,632 | €3,902 | +€270 | +7.4% |
| Recurring financial income | 75 | €3,632 | €3,902 | +€270 | +7.4% |
| Financial charges | 65/66B | €11,686 | €10,757 | -€929 | -8.0% |
| Recurring financial charges | 65 | €11,686 | €10,757 | -€929 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €65,072 | €65,769 | +€697 | +1.1% |
| Income taxes | 67/77 | €16,268 | €16,442 | +€174 | +1.1% |
| Profit (loss) for the period | 9904 | €48,804 | €49,327 | +€523 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,804 | €49,327 | +€523 | +1.1% |
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 6 October 2026 via checked.be.