IMMO-DENDRE: 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-DENDRE
Largest movements
- Cash +€28,140
up €28,140 (+115.0%), from €24,471 to €52,611
mainly Net result for the year (+€65,683) and Depreciation (+€13,104)
- Tangible fixed assets -€13,104
down €13,104 (-19.9%), from €65,912 to €52,809
- Receivables within one year -€1,402
down €1,402 (-17.8%), from €7,874 to €6,472
of which Trade receivables: -€1,402
- Profit (loss) carried forward +€15,683
up €15,683 (+57.4%), from €27,329 to €43,013
- Trade debts -€2,144
down €2,144 (-63.2%), from €3,394 to €1,250
- Tax, wage and social debts +€1,203
up €1,203 (+83.9%), from €1,435 to €2,638
- Gross operating margin +€52,079
up €52,079 (+100.6%), from €51,794 to €103,873
- Taxes +€13,203
up €13,203 (+150.8%), from €8,754 to €21,958
- Financial income +€1,067
new in 2025: €1,067
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 | €99,808 | €114,550 | +€14,742 | +14.8% |
| Fixed assets | 21/28 | €65,912 | €52,809 | -€13,104 | -19.9% |
| Tangible fixed assets | 22/27 | €65,912 | €52,809 | -€13,104 | -19.9% |
| Land and buildings | 22 | €65,912 | €52,809 | -€13,104 | -19.9% |
| Current assets | 29/58 | €33,896 | €61,742 | +€27,846 | +82.2% |
| Amounts receivable within one year | 40/41 | €7,874 | €6,472 | -€1,402 | -17.8% |
| Trade receivables | 40 | €5,829 | €4,426 | -€1,402 | -24.1% |
| Other amounts receivable | 41 | €2,046 | €2,046 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,471 | €52,611 | +€28,140 | +115.0% |
| Deferred charges and accrued income | 490/1 | €1,551 | €2,659 | +€1,108 | +71.4% |
| Total equity and liabilities | 10/49 | €99,808 | €114,550 | +€14,742 | +14.8% |
| Equity | 10/15 | €94,979 | €110,663 | +€15,683 | +16.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,329 | €43,013 | +€15,683 | +57.4% |
| Amounts payable | 17/49 | €4,829 | €3,888 | -€941 | -19.5% |
| Amounts payable within one year | 42/48 | €4,829 | €3,888 | -€941 | -19.5% |
| Trade debts | 44 | €3,394 | €1,250 | -€2,144 | -63.2% |
| Suppliers | 440/4 | €3,394 | €1,250 | -€2,144 | -63.2% |
| Taxes, remuneration and social security | 45 | €1,435 | €2,638 | +€1,203 | +83.9% |
| Taxes | 450/3 | €1,435 | €2,638 | +€1,203 | +83.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,104 | €13,104 | = | 0.0% |
| Other operating charges | 640/8 | €3,523 | €4,015 | +€492 | +14.0% |
| Gross operating margin | 9900 | €51,794 | €103,873 | +€52,079 | +100.6% |
| Operating profit (loss) | 9901 | €35,167 | €86,754 | +€51,587 | +146.7% |
| Financial income | 75/76B | - | €1,067 | +€1,067 | |
| Recurring financial income | 75 | - | €1,067 | +€1,067 | |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.0% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.0% |
| Profit (loss) for the period before taxes | 9903 | €35,017 | €87,641 | +€52,624 | +150.3% |
| Income taxes | 67/77 | €8,754 | €21,958 | +€13,203 | +150.8% |
| Profit (loss) for the period | 9904 | €26,263 | €65,683 | +€39,421 | +150.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,263 | €65,683 | +€39,421 | +150.1% |
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.