IMMO DENIS & JULIA: 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 DENIS & JULIA
Largest movements
- Tangible fixed assets -€94,667
down €94,667 (-2.1%), from €4.5m to €4.4m
- Provisions -€87,615
down €87,615 (-2.5%), from €3.5m to €3.4m
- Reserves +€73,766
up €73,766 (+62.5%), from €117,952 to €191,719
- Debts after one year -€72,665
down €72,665 (-8.3%), from €872,754 to €800,089
- Gross operating margin +€45,862
up €45,862 (+15.4%), from €297,690 to €343,552
- Provisions -€41,646
down €41,646 (-61.7%), from €67,535 to €25,889
- Depreciation -€41,242
down €41,242 (-30.3%), from €135,909 to €94,667
- Financial charges +€13,489
up €13,489 (+13.9%), from €97,385 to €110,874
- Taxes +€10,494
up €10,494, from €0 to €10,494
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 | €4,626,882 | €4,522,899 | -€103,983 | -2.2% |
| Fixed assets | 21/28 | €4,508,566 | €4,413,899 | -€94,667 | -2.1% |
| Tangible fixed assets | 22/27 | €4,508,566 | €4,413,899 | -€94,667 | -2.1% |
| Land and buildings | 22 | €4,508,566 | €4,413,899 | -€94,667 | -2.1% |
| Current assets | 29/58 | €118,316 | €109,000 | -€9,316 | -7.9% |
| Cash at bank and in hand | 54/58 | €79,493 | €109,000 | +€29,506 | +37.1% |
| Deferred charges and accrued income | 490/1 | €38,822 | €0 | -€38,822 | -100% |
| Total equity and liabilities | 10/49 | €4,626,882 | €4,522,899 | -€103,983 | -2.2% |
| Equity | 10/15 | €157,952 | €231,719 | +€73,766 | +46.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €117,952 | €191,719 | +€73,766 | +62.5% |
| Distributable reserves | 133 | €117,952 | €191,719 | +€73,766 | +62.5% |
| Provisions and deferred taxes | 16 | €3,476,082 | €3,388,467 | -€87,615 | -2.5% |
| Provisions for liabilities and charges | 160/5 | €3,476,082 | €3,388,467 | -€87,615 | -2.5% |
| Other liabilities and charges | 164/5 | €3,476,082 | €3,388,467 | -€87,615 | -2.5% |
| Amounts payable | 17/49 | €992,848 | €902,714 | -€90,134 | -9.1% |
| Amounts payable after more than one year | 17 | €872,754 | €800,089 | -€72,665 | -8.3% |
| Financial debts | 170/4 | €872,754 | €800,089 | -€72,665 | -8.3% |
| Amounts payable within one year | 42/48 | €120,094 | €88,884 | -€31,209 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €72,056 | €72,665 | +€608 | +0.8% |
| Trade debts | 44 | €795 | €1,731 | +€936 | +118% |
| Suppliers | 440/4 | €795 | €1,731 | +€936 | +118% |
| Taxes, remuneration and social security | 45 | €43,248 | €10,494 | -€32,754 | -75.7% |
| Taxes | 450/3 | €43,248 | €10,494 | -€32,754 | -75.7% |
| Other amounts payable | 47/48 | €3,995 | €3,995 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €13,740 | +€13,740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,909 | €94,667 | -€41,242 | -30.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €67,535 | €25,889 | -€41,646 | -61.7% |
| Other operating charges | 640/8 | €28,653 | €27,861 | -€791 | -2.8% |
| Gross operating margin | 9900 | €297,690 | €343,552 | +€45,862 | +15.4% |
| Operating profit (loss) | 9901 | €65,594 | €195,135 | +€129,541 | +197% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €97,385 | €110,874 | +€13,489 | +13.9% |
| Recurring financial charges | 65 | €97,385 | €110,874 | +€13,489 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,791 | €84,260 | +€116,051 | |
| Income taxes | 67/77 | €0 | €10,494 | +€10,494 | |
| Profit (loss) for the period | 9904 | -€31,791 | €73,766 | +€105,557 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,791 | €73,766 | +€105,557 |
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 19 October 2026 via checked.be.