IMMO DELWAIDE: 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 DELWAIDE
Largest movements
- Tangible fixed assets +€176,973
up €176,973 (+62.7%), from €282,457 to €459,430
of which Furniture and vehicles: +€172,460
- Receivables after one year -€47,865
down €47,865 (-10.3%), from €465,649 to €417,783
- Debts after one year +€166,077
up €166,077 (+19.4%), from €855,811 to €1.0m
- Profit (loss) carried forward -€38,289
down €38,289 (-28.2%), from -€135,970 to -€174,259
- Depreciation +€7,311
up €7,311 (+33.4%), from €21,919 to €29,230
- Gross operating margin +€1,937
up €1,937 (+13.9%), from -€13,926 to -€11,989
- Financial income -€1,708
down €1,708 (-11.0%), from €15,579 to €13,871
- Financial charges -€907
down €907 (-10.4%), from €8,754 to €7,846
- Other operating charges +€417
up €417 (+15.6%), from €2,677 to €3,094
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 | €811,009 | €939,922 | +€128,913 | +15.9% |
| Fixed assets | 21/28 | €282,457 | €459,430 | +€176,973 | +62.7% |
| Tangible fixed assets | 22/27 | €282,457 | €459,430 | +€176,973 | +62.7% |
| Land and buildings | 22 | €251,878 | €253,674 | +€1,796 | +0.7% |
| Plant, machinery and equipment | 23 | €2,300 | €5,017 | +€2,717 | +118% |
| Furniture and vehicles | 24 | €28,278 | €200,738 | +€172,460 | +610% |
| Current assets | 29/58 | €528,552 | €480,492 | -€48,060 | -9.1% |
| Amounts receivable after more than one year | 29 | €465,649 | €417,783 | -€47,865 | -10.3% |
| Other amounts receivable | 291 | €465,649 | €417,783 | -€47,865 | -10.3% |
| Amounts receivable within one year | 40/41 | €53,683 | €54,128 | +€445 | +0.8% |
| Other amounts receivable | 41 | €53,683 | €54,128 | +€445 | +0.8% |
| Cash at bank and in hand | 54/58 | €3,623 | €2,675 | -€949 | -26.2% |
| Deferred charges and accrued income | 490/1 | €5,596 | €5,906 | +€309 | +5.5% |
| Total equity and liabilities | 10/49 | €811,009 | €939,922 | +€128,913 | +15.9% |
| Equity | 10/15 | -€105,380 | -€143,668 | -€38,289 | -36.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,991 | €11,991 | = | 0.0% |
| Distributable reserves | 133 | €11,991 | €11,991 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,970 | -€174,259 | -€38,289 | -28.2% |
| Amounts payable | 17/49 | €916,388 | €1,083,590 | +€167,202 | +18.2% |
| Amounts payable after more than one year | 17 | €855,811 | €1,021,889 | +€166,077 | +19.4% |
| Financial debts | 170/4 | €855,811 | €1,021,889 | +€166,077 | +19.4% |
| Amounts payable within one year | 42/48 | €60,515 | €61,604 | +€1,090 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €53,334 | €54,289 | +€954 | +1.8% |
| Trade debts | 44 | €7,180 | €7,316 | +€135 | +1.9% |
| Suppliers | 440/4 | €7,180 | €7,316 | +€135 | +1.9% |
| Accrued charges and deferred income | 492/3 | €62 | €97 | +€35 | +56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,919 | €29,230 | +€7,311 | +33.4% |
| Other operating charges | 640/8 | €2,677 | €3,094 | +€417 | +15.6% |
| Gross operating margin | 9900 | -€13,926 | -€11,989 | +€1,937 | +13.9% |
| Operating profit (loss) | 9901 | -€38,522 | -€44,313 | -€5,790 | -15.0% |
| Financial income | 75/76B | €15,579 | €13,871 | -€1,708 | -11.0% |
| Recurring financial income | 75 | €15,579 | €13,871 | -€1,708 | -11.0% |
| Financial charges | 65/66B | €8,754 | €7,846 | -€907 | -10.4% |
| Recurring financial charges | 65 | €8,754 | €7,846 | -€907 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€31,698 | -€38,289 | -€6,591 | -20.8% |
| Profit (loss) for the period | 9904 | -€31,698 | -€38,289 | -€6,591 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,698 | -€38,289 | -€6,591 | -20.8% |
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 21 October 2026 via checked.be.