IMMO DELVAUX: 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 DELVAUX
Largest movements
- Receivables within one year -€142,223
no longer reported in 2025 (was €142,223)
- Profit (loss) carried forward -€116,282
down €116,282 (-367%), from -€31,678 to -€147,959
- Debts after one year -€32,615
down €32,615 (-62.8%), from €51,972 to €19,357
- Other debts +€13,484
up €13,484 (+41.6%), from €32,403 to €45,887
- Trade debts -€10,561
down €10,561 (-93.6%), from €11,281 to €719
- Financial charges +€153,931
up €153,931 (+5,557%), from €2,770 to €156,701
- Gross operating margin +€21,505
up €21,505 (+57.7%), from €37,258 to €58,763
- Taxes +€4,830
up €4,830 (+62.0%), from €7,786 to €12,616
- Other operating charges +€1,727
up €1,727 (+50.8%), from €3,399 to €5,126
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 | €615,647 | €475,225 | -€140,422 | -22.8% |
| Fixed assets | 21/28 | €468,951 | €468,348 | -€603 | -0.1% |
| Tangible fixed assets | 22/27 | €468,771 | €468,168 | -€603 | -0.1% |
| Land and buildings | 22 | €451,753 | €451,573 | -€180 | 0.0% |
| Plant, machinery and equipment | 23 | €17,018 | €16,595 | -€423 | -2.5% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €146,696 | €6,877 | -€139,819 | -95.3% |
| Amounts receivable within one year | 40/41 | €142,223 | - | -€142,223 | |
| Other amounts receivable | 41 | €142,223 | - | -€142,223 | |
| Cash at bank and in hand | 54/58 | €2,803 | €5,195 | +€2,392 | +85.4% |
| Deferred charges and accrued income | 490/1 | €1,671 | €1,682 | +€11 | +0.7% |
| Total equity and liabilities | 10/49 | €615,647 | €475,225 | -€140,422 | -22.8% |
| Equity | 10/15 | €480,296 | €364,014 | -€116,282 | -24.2% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €391,000 | €391,000 | = | 0.0% |
| Reserves | 13 | €59,000 | €59,000 | = | 0.0% |
| Distributable reserves | 133 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,678 | -€147,959 | -€116,282 | -367% |
| Amounts payable | 17/49 | €135,351 | €111,211 | -€24,140 | -17.8% |
| Amounts payable after more than one year | 17 | €51,972 | €19,357 | -€32,615 | -62.8% |
| Financial debts | 170/4 | €51,972 | €19,357 | -€32,615 | -62.8% |
| Amounts payable within one year | 42/48 | €83,380 | €91,854 | +€8,475 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €31,910 | €32,615 | +€705 | +2.2% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €11,281 | €719 | -€10,561 | -93.6% |
| Suppliers | 440/4 | €11,281 | €719 | -€10,561 | -93.6% |
| Taxes, remuneration and social security | 45 | €7,786 | €12,616 | +€4,830 | +62.0% |
| Taxes | 450/3 | €7,786 | €12,616 | +€4,830 | +62.0% |
| Other amounts payable | 47/48 | €32,403 | €45,887 | +€13,484 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €603 | €603 | = | 0.0% |
| Other operating charges | 640/8 | €3,399 | €5,126 | +€1,727 | +50.8% |
| Gross operating margin | 9900 | €37,258 | €58,763 | +€21,505 | +57.7% |
| Operating profit (loss) | 9901 | €33,257 | €53,035 | +€19,778 | +59.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,770 | €156,701 | +€153,931 | +5,557% |
| Recurring financial charges | 65 | €2,770 | €156,701 | +€153,931 | +5,557% |
| Profit (loss) for the period before taxes | 9903 | €30,487 | -€103,666 | -€134,153 | |
| Income taxes | 67/77 | €7,786 | €12,616 | +€4,830 | +62.0% |
| Profit (loss) for the period | 9904 | €22,701 | -€116,282 | -€138,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,701 | -€116,282 | -€138,983 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.