IMMO DESCOLY: 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 DESCOLY
Largest movements
- Cash +€186,578
up €186,578 (+45.4%), from €411,340 to €597,918
mainly Net result for the year (+€146,457) and Depreciation (+€90,623)
- Tangible fixed assets -€90,623
down €90,623 (-4.9%), from €1.9m to €1.8m
- Current investments +€60,000
up €60,000 (+34.6%), from €173,214 to €233,214
- Reserves +€146,457
up €146,457 (+9.2%), from €1.6m to €1.7m
of which Distributable reserves: +€172,662
- Financial income +€16,060
up €16,060 (+15,029%), from €107 to €16,167
- Other operating charges -€9,381
down €9,381 (-21.7%), from €43,171 to €33,790
- Taxes +€6,316
up €6,316 (+8.5%), from €73,877 to €80,193
- Gross operating margin -€4,839
down €4,839 (-1.4%), from €350,242 to €345,402
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 | €2,492,678 | €2,628,584 | +€135,905 | +5.5% |
| Fixed assets | 21/28 | €1,866,151 | €1,775,528 | -€90,623 | -4.9% |
| Tangible fixed assets | 22/27 | €1,866,151 | €1,775,528 | -€90,623 | -4.9% |
| Land and buildings | 22 | €1,866,151 | €1,775,528 | -€90,623 | -4.9% |
| Current assets | 29/58 | €626,527 | €853,056 | +€226,528 | +36.2% |
| Amounts receivable within one year | 40/41 | €41,973 | €21,924 | -€20,049 | -47.8% |
| Other amounts receivable | 41 | €41,973 | €21,924 | -€20,049 | -47.8% |
| Current investments | 50/53 | €173,214 | €233,214 | +€60,000 | +34.6% |
| Cash at bank and in hand | 54/58 | €411,340 | €597,918 | +€186,578 | +45.4% |
| Total equity and liabilities | 10/49 | €2,492,678 | €2,628,584 | +€135,905 | +5.5% |
| Equity | 10/15 | €2,177,498 | €2,323,955 | +€146,457 | +6.7% |
| Contributions | 10/11 | €582,550 | €582,550 | = | 0.0% |
| Capital | 10 | €582,550 | €582,550 | = | 0.0% |
| Issued capital | 100 | €582,550 | €582,550 | = | 0.0% |
| Reserves | 13 | €1,594,948 | €1,741,405 | +€146,457 | +9.2% |
| Non-distributable reserves | 130/1 | €59,989 | €59,989 | = | 0.0% |
| Legal reserve | 130 | €58,255 | €58,255 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,734 | €1,734 | = | 0.0% |
| Tax-exempt reserves | 132 | €603,961 | €577,757 | -€26,204 | -4.3% |
| Distributable reserves | 133 | €930,997 | €1,103,659 | +€172,662 | +18.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €289,112 | €278,105 | -€11,007 | -3.8% |
| Deferred taxes | 168 | €289,112 | €278,105 | -€11,007 | -3.8% |
| Amounts payable | 17/49 | €26,068 | €26,523 | +€455 | +1.7% |
| Amounts payable within one year | 42/48 | €26,068 | €26,523 | +€455 | +1.7% |
| Trade debts | 44 | €1,097 | €31 | -€1,066 | -97.2% |
| Suppliers | 440/4 | €1,097 | €31 | -€1,066 | -97.2% |
| Taxes, remuneration and social security | 45 | €17,345 | €18,866 | +€1,521 | +8.8% |
| Taxes | 450/3 | €15,831 | €17,266 | +€1,435 | +9.1% |
| Remuneration and social security | 454/9 | €1,515 | €1,600 | +€86 | +5.7% |
| Other amounts payable | 47/48 | €7,626 | €7,626 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €20,524 | €21,019 | +€494 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,882 | €90,623 | -€259 | -0.3% |
| Other operating charges | 640/8 | €43,171 | €33,790 | -€9,381 | -21.7% |
| Gross operating margin | 9900 | €350,242 | €345,402 | -€4,839 | -1.4% |
| Operating profit (loss) | 9901 | €195,665 | €199,971 | +€4,306 | +2.2% |
| Financial income | 75/76B | €107 | €16,167 | +€16,060 | +15,029% |
| Recurring financial income | 75 | €107 | €16,167 | +€16,060 | +15,029% |
| Financial charges | 65/66B | €800 | €495 | -€305 | -38.1% |
| Recurring financial charges | 65 | €800 | €495 | -€305 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €194,972 | €215,643 | +€20,671 | +10.6% |
| Transfer from deferred taxes | 780 | €11,007 | €11,007 | = | 0.0% |
| Income taxes | 67/77 | €73,877 | €80,193 | +€6,316 | +8.5% |
| Profit (loss) for the period | 9904 | €132,103 | €146,457 | +€14,355 | +10.9% |
| Transfer from tax-exempt reserves | 789 | €26,204 | €26,204 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €158,307 | €172,662 | +€14,355 | +9.1% |
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 24 October 2026 via checked.be.