IMMO DENIS: 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 DENIS
Largest movements
- Tangible fixed assets -€28,904
down €28,904 (-11.8%), from €244,263 to €215,359
of which Land and buildings: -€16,263
- Cash +€6,424
up €6,424 (+25.3%), from €25,361 to €31,784
mainly Depreciation (+€28,904) and Other debts (+€343)
- Revaluation surpluses -€15,278
down €15,278 (-7.7%), from €198,683 to €183,405
- Current portion of long-term debt -€8,453
down €8,453 (-83.2%), from €10,158 to €1,705
- Reserves +€3,862
up €3,862 (+7.0%), from €55,033 to €58,895
- Gross operating margin -€2,567
down €2,567 (-8.9%), from €28,899 to €26,333
- Taxes -€535
down €535 (-31.9%), from €1,675 to €1,140
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 | €270,642 | €248,597 | -€22,045 | -8.1% |
| Fixed assets | 21/28 | €244,263 | €215,359 | -€28,904 | -11.8% |
| Tangible fixed assets | 22/27 | €244,263 | €215,359 | -€28,904 | -11.8% |
| Land and buildings | 22 | €230,272 | €214,009 | -€16,263 | -7.1% |
| Furniture and vehicles | 24 | €13,992 | €1,351 | -€12,641 | -90.3% |
| Current assets | 29/58 | €26,378 | €33,238 | +€6,859 | +26.0% |
| Amounts receivable within one year | 40/41 | €238 | €625 | +€387 | +162.7% |
| Other amounts receivable | 41 | €238 | €625 | +€387 | +162.7% |
| Cash at bank and in hand | 54/58 | €25,361 | €31,784 | +€6,424 | +25.3% |
| Deferred charges and accrued income | 490/1 | €780 | €829 | +€48 | +6.2% |
| Total equity and liabilities | 10/49 | €270,642 | €248,597 | -€22,045 | -8.1% |
| Equity | 10/15 | €256,400 | €244,983 | -€11,417 | -4.5% |
| Contributions | 10/11 | €2,684 | €2,684 | = | 0.0% |
| Revaluation surpluses | 12 | €198,683 | €183,405 | -€15,278 | -7.7% |
| Reserves | 13 | €55,033 | €58,895 | +€3,862 | +7.0% |
| Distributable reserves | 133 | €55,033 | €58,895 | +€3,862 | +7.0% |
| Amounts payable | 17/49 | €14,242 | €3,614 | -€10,628 | -74.6% |
| Amounts payable after more than one year | 17 | €1,705 | €0 | -€1,705 | -100.0% |
| Financial debts | 170/4 | €1,705 | €0 | -€1,705 | -100.0% |
| Amounts payable within one year | 42/48 | €11,806 | €3,364 | -€8,442 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €10,158 | €1,705 | -€8,453 | -83.2% |
| Trade debts | 44 | €977 | €730 | -€248 | -25.3% |
| Suppliers | 440/4 | €977 | €730 | -€248 | -25.3% |
| Taxes, remuneration and social security | 45 | €260 | €175 | -€85 | -32.6% |
| Taxes | 450/3 | €260 | €175 | -€85 | -32.6% |
| Other amounts payable | 47/48 | €411 | €754 | +€343 | +83.5% |
| Accrued charges and deferred income | 492/3 | €731 | €250 | -€481 | -65.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,901 | €28,904 | +€3 | 0.0% |
| Other operating charges | 640/8 | €7,356 | €7,530 | +€174 | +2.4% |
| Gross operating margin | 9900 | €28,899 | €26,333 | -€2,567 | -8.9% |
| Operating profit (loss) | 9901 | -€7,357 | -€10,101 | -€2,744 | -37.3% |
| Financial charges | 65/66B | €294 | €175 | -€119 | -40.5% |
| Recurring financial charges | 65 | €294 | €175 | -€119 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,652 | -€10,276 | -€2,625 | -34.3% |
| Income taxes | 67/77 | €1,675 | €1,140 | -€535 | -31.9% |
| Profit (loss) for the period | 9904 | -€9,327 | -€11,417 | -€2,090 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,327 | -€11,417 | -€2,090 | -22.4% |
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 5 October 2026 via checked.be.