IMMO DENDER: 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 DENDER
Largest movements
- Tangible fixed assets -€2,675
down €2,675 (-6.0%), from €44,305 to €41,630
- Profit (loss) carried forward -€4,973
down €4,973 (-13.1%), from -€37,934 to -€42,907
- Other debts +€2,756
up €2,756 (+19.1%), from €14,414 to €17,170
- Gross operating margin -€8,572
down €8,572 (-77.7%), from €11,033 to €2,461
- Depreciation +€752
up €752 (+39.1%), from €1,923 to €2,675
- Other operating charges +€328
up €328 (+7.7%), from €4,274 to €4,602
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 | €44,322 | €41,770 | -€2,552 | -5.8% |
| Fixed assets | 21/28 | €44,305 | €41,630 | -€2,675 | -6.0% |
| Tangible fixed assets | 22/27 | €44,305 | €41,630 | -€2,675 | -6.0% |
| Land and buildings | 22 | €44,305 | €41,630 | -€2,675 | -6.0% |
| Current assets | 29/58 | €18 | €140 | +€123 | +699.3% |
| Cash at bank and in hand | 54/58 | €18 | €140 | +€123 | +699.3% |
| Total equity and liabilities | 10/49 | €44,322 | €41,770 | -€2,552 | -5.8% |
| Equity | 10/15 | €29,166 | €24,193 | -€4,973 | -17.1% |
| 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 | €5,100 | €5,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,100 | €5,100 | = | 0.0% |
| Legal reserve | 130 | €5,100 | €5,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,934 | -€42,907 | -€4,973 | -13.1% |
| Amounts payable | 17/49 | €15,156 | €17,577 | +€2,422 | +16.0% |
| Amounts payable within one year | 42/48 | €15,156 | €17,577 | +€2,422 | +16.0% |
| Trade debts | 44 | €742 | €408 | -€334 | -45.0% |
| Suppliers | 440/4 | €742 | €408 | -€334 | -45.0% |
| Other amounts payable | 47/48 | €14,414 | €17,170 | +€2,756 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,923 | €2,675 | +€752 | +39.1% |
| Other operating charges | 640/8 | €4,274 | €4,602 | +€328 | +7.7% |
| Gross operating margin | 9900 | €11,033 | €2,461 | -€8,572 | -77.7% |
| Operating profit (loss) | 9901 | €4,836 | -€4,816 | -€9,652 | |
| Financial charges | 65/66B | €120 | €158 | +€38 | +31.5% |
| Recurring financial charges | 65 | €120 | €158 | +€38 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €4,716 | -€4,973 | -€9,689 | |
| Profit (loss) for the period | 9904 | €4,716 | -€4,973 | -€9,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,716 | -€4,973 | -€9,689 |
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 1 October 2026 via checked.be.