IMMO DERBOS: 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 DERBOS
Largest movements
- Stocks and contracts +€585,421
up €585,421 (+885%), from €66,142 to €651,563
- Cash +€454,920
up €454,920 (+292%), from €155,813 to €610,732
mainly Debts after one year (+€1.0m) and Current investments (+€401,912)
- Current investments -€401,912
no longer reported in 2025 (was €401,912)
- Tangible fixed assets +€33,844
up €33,844 (+101%), from €33,583 to €67,428
- Receivables within one year +€15,418
up €15,418 (+80.7%), from €19,102 to €34,520
of which Trade receivables: +€21,385
- Debts after one year +€1.0m
new in 2025: €1.0m
- Other debts -€443,280
down €443,280 (-92.4%), from €479,816 to €36,536
- Current portion of long-term debt +€80,000
new in 2025: €80,000
- Tax, wage and social debts +€32,371
up €32,371 (+452%), from €7,165 to €39,537
of which Taxes: +€27,421
- Gross operating margin +€90,490
up €90,490, from -€61,726 to €28,763
- Depreciation +€5,788
up €5,788 (+71.8%), from €8,062 to €13,850
- Financial income -€4,493
down €4,493 (-61.0%), from €7,371 to €2,878
- Other operating charges +€726
up €726 (+48.2%), from €1,508 to €2,234
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 | €687,319 | €1,372,256 | +€684,937 | +99.7% |
| Fixed assets | 21/28 | €33,583 | €67,428 | +€33,844 | +101% |
| Tangible fixed assets | 22/27 | €33,583 | €67,428 | +€33,844 | +101% |
| Furniture and vehicles | 24 | €33,583 | €67,428 | +€33,844 | +101% |
| Current assets | 29/58 | €653,735 | €1,304,828 | +€651,093 | +99.6% |
| Stocks and contracts in progress | 3 | €66,142 | €651,563 | +€585,421 | +885% |
| Stocks | 30/36 | €66,142 | €651,563 | +€585,421 | +885% |
| Amounts receivable within one year | 40/41 | €19,102 | €34,520 | +€15,418 | +80.7% |
| Trade receivables | 40 | €12,500 | €33,885 | +€21,385 | +171% |
| Other amounts receivable | 41 | €6,602 | €635 | -€5,967 | -90.4% |
| Current investments | 50/53 | €401,912 | - | -€401,912 | |
| Cash at bank and in hand | 54/58 | €155,813 | €610,732 | +€454,920 | +292% |
| Deferred charges and accrued income | 490/1 | €10,767 | €8,012 | -€2,755 | -25.6% |
| Total equity and liabilities | 10/49 | €687,319 | €1,372,256 | +€684,937 | +99.7% |
| Equity | 10/15 | €186,231 | €189,746 | +€3,515 | +1.9% |
| Contributions | 10/11 | €61,606 | €61,606 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €106 | €106 | = | 0.0% |
| Share premium | 1100/10 | €106 | €106 | = | 0.0% |
| Reserves | 13 | €10,410 | €10,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,260 | €4,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,215 | €117,730 | +€3,515 | +3.1% |
| Amounts payable | 17/49 | €501,088 | €1,182,510 | +€681,422 | +136% |
| Amounts payable after more than one year | 17 | - | €1,008,019 | +€1.0m | |
| Other amounts payable | 178/9 | - | €1,008,019 | +€1.0m | |
| Amounts payable within one year | 42/48 | €501,088 | €174,491 | -€326,597 | -65.2% |
| Current portion of amounts payable after more than one year | 42 | - | €80,000 | +€80,000 | |
| Trade debts | 44 | €14,106 | €18,418 | +€4,312 | +30.6% |
| Suppliers | 440/4 | €14,106 | €18,418 | +€4,312 | +30.6% |
| Taxes, remuneration and social security | 45 | €7,165 | €39,537 | +€32,371 | +452% |
| Taxes | 450/3 | €7,165 | €34,587 | +€27,421 | +383% |
| Remuneration and social security | 454/9 | - | €4,950 | +€4,950 | |
| Other amounts payable | 47/48 | €479,816 | €36,536 | -€443,280 | -92.4% |
| Non-recurring operating income | 76A | €36,199 | €26,244 | -€9,955 | -27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,062 | €13,850 | +€5,788 | +71.8% |
| Other operating charges | 640/8 | €1,508 | €2,234 | +€726 | +48.2% |
| Gross operating margin | 9900 | -€61,726 | €28,763 | +€90,490 | |
| Operating profit (loss) | 9901 | -€71,296 | €12,679 | +€83,975 | |
| Financial income | 75/76B | €7,371 | €2,878 | -€4,493 | -61.0% |
| Recurring financial income | 75 | €7,371 | €2,878 | -€4,493 | -61.0% |
| Financial charges | 65/66B | €11,240 | €11,747 | +€507 | +4.5% |
| Recurring financial charges | 65 | €11,240 | €11,747 | +€507 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,165 | €3,810 | +€78,976 | |
| Income taxes | 67/77 | €128 | €295 | +€167 | +131% |
| Profit (loss) for the period | 9904 | -€75,293 | €3,515 | +€78,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€75,293 | €3,515 | +€78,808 |
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 18 October 2026 via checked.be.