IMMO DESE: 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 DESE
Largest movements
- Cash -€54,756
down €54,756 (-86.4%), from €63,341 to €8,585
mainly Net result for the year (-€128,896) and Investment in fixed assets (net) (-€85,310)
- Tangible fixed assets -€50,962
down €50,962 (-8.9%), from €573,491 to €522,530
of which Plant, machinery and equipment: -€32,863
- Profit (loss) carried forward -€128,896
down €128,896 (-17.3%), from -€747,199 to -€876,095
- Other debts +€80,700
up €80,700 (+6.3%), from €1.3m to €1.4m
- Trade debts -€57,429
down €57,429 (-98.3%), from €58,414 to €984
- Depreciation +€101,671
up €101,671 (+293.8%), from €34,601 to €136,272
- Gross operating margin -€10,838
down €10,838 (-39.4%), from €27,532 to €16,694
- Other operating charges +€8,712
up €8,712 (+2266.0%), from €384 to €9,096
- Taxes -€8,444
no longer reported in 2025 (was €8,444)
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 | €654,683 | €549,057 | -€105,626 | -16.1% |
| Fixed assets | 21/28 | €573,491 | €522,530 | -€50,962 | -8.9% |
| Tangible fixed assets | 22/27 | €573,491 | €522,530 | -€50,962 | -8.9% |
| Land and buildings | 22 | €331,154 | €316,408 | -€14,746 | -4.5% |
| Plant, machinery and equipment | 23 | €233,981 | €201,118 | -€32,863 | -14.0% |
| Furniture and vehicles | 24 | €8,357 | €5,004 | -€3,353 | -40.1% |
| Current assets | 29/58 | €81,192 | €26,528 | -€54,664 | -67.3% |
| Amounts receivable within one year | 40/41 | €15,757 | €15,757 | = | 0.0% |
| Trade receivables | 40 | €11,960 | €11,960 | = | 0.0% |
| Other amounts receivable | 41 | €3,797 | €3,797 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,341 | €8,585 | -€54,756 | -86.4% |
| Deferred charges and accrued income | 490/1 | €2,094 | €2,186 | +€93 | +4.4% |
| Total equity and liabilities | 10/49 | €654,683 | €549,057 | -€105,626 | -16.1% |
| Equity | 10/15 | -€685,199 | -€814,095 | -€128,896 | -18.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€747,199 | -€876,095 | -€128,896 | -17.3% |
| Amounts payable | 17/49 | €1,339,882 | €1,363,152 | +€23,270 | +1.7% |
| Amounts payable within one year | 42/48 | €1,339,882 | €1,363,152 | +€23,270 | +1.7% |
| Trade debts | 44 | €58,414 | €984 | -€57,429 | -98.3% |
| Suppliers | 440/4 | €58,414 | €984 | -€57,429 | -98.3% |
| Other amounts payable | 47/48 | €1,281,468 | €1,362,168 | +€80,700 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,601 | €136,272 | +€101,671 | +293.8% |
| Other operating charges | 640/8 | €384 | €9,096 | +€8,712 | +2266.0% |
| Gross operating margin | 9900 | €27,532 | €16,694 | -€10,838 | -39.4% |
| Operating profit (loss) | 9901 | -€7,454 | -€128,674 | -€121,220 | -1626.4% |
| Financial charges | 65/66B | €80 | €222 | +€142 | +177.7% |
| Recurring financial charges | 65 | €80 | €222 | +€142 | +177.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,534 | -€128,896 | -€121,363 | -1611.0% |
| Income taxes | 67/77 | €8,444 | - | -€8,444 | |
| Profit (loss) for the period | 9904 | -€15,977 | -€128,896 | -€112,919 | -706.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,977 | -€128,896 | -€112,919 | -706.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.