IMMO DESEURE: 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.
What changed
IMMO DESEURE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€50,001
2024 · €40,453+€9,548
Equity
€368,305
2024 · €346,304+€22,001
Cash
€89,080
2024 · €85,517+€3,564
Balance sheet total
€414,377
2024 · €388,785+€25,592
Largest movements
Assets
- Current investments +€20,000
up €20,000 (+8.7%), from €229,564 to €249,564
- Financial fixed assets +€8,965
new in 2025: €8,965
- Tangible fixed assets -€6,822
down €6,822 (-12.0%), from €57,012 to €50,189
Equity and liabilities
- Reserves +€22,001
up €22,001 (+11.1%), from €198,826 to €220,828
of which Distributable reserves: +€22,001
Income statement
- Financial income +€10,253
up €10,253 (+1,326%), from €773 to €11,026
- Taxes +€1,084
up €1,084 (+5.8%), from €18,831 to €19,915
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.
Result 2024
€40,453
Gross operating margin
+€675
Other operating charges
-€293
Financial income
+€10,253
Financial charges
-€3
Taxes
-€1,084
Result 2025
€50,001
raises the resultlowers the result
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.
From operations
+€56,424
Investment
-€28,965
Financing
-€23,895
Cash 2024
€85,517
From operations (derived)
+€56,424
Net result for the year
+€50,001
Depreciation
+€6,822
Receivables within one year
+€1,762
Deferred charges and accrued income
-€1,647
Tax, wage and social debts
-€2,034
Other debts
+€1,400
Accrued charges and deferred income
+€119
Investment (derived)
-€28,965
Investment in fixed assets (net)
-€8,965
Current investments
-€20,000
Financing
-€23,895
Debts after one year
+€4,105
Contributions, distributions and other
-€28,000
Cash 2025
€89,080
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €388,785 | €414,377 | +€25,592 | +6.6% |
| Fixed assets | 21/28 | €57,012 | €59,154 | +€2,143 | +3.8% |
| Tangible fixed assets | 22/27 | €57,012 | €50,189 | -€6,822 | -12.0% |
| Land and buildings | 22 | €57,012 | €50,189 | -€6,822 | -12.0% |
| Financial fixed assets | 28 | - | €8,965 | +€8,965 | |
| Current assets | 29/58 | €331,773 | €355,223 | +€23,450 | +7.1% |
| Amounts receivable within one year | 40/41 | €1,779 | €18 | -€1,762 | -99.0% |
| Trade receivables | 40 | - | €18 | +€18 | |
| Other amounts receivable | 41 | €1,779 | - | -€1,779 | |
| Current investments | 50/53 | €229,564 | €249,564 | +€20,000 | +8.7% |
| Cash at bank and in hand | 54/58 | €85,517 | €89,080 | +€3,564 | +4.2% |
| Deferred charges and accrued income | 490/1 | €14,913 | €16,561 | +€1,647 | +11.0% |
| Total equity and liabilities | 10/49 | €388,785 | €414,377 | +€25,592 | +6.6% |
| Equity | 10/15 | €346,304 | €368,305 | +€22,001 | +6.4% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €198,826 | €220,828 | +€22,001 | +11.1% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €190,150 | €212,151 | +€22,001 | +11.6% |
| Profit (loss) carried forward | 14 | €60,715 | €60,715 | = | 0.0% |
| Amounts payable | 17/49 | €42,481 | €46,072 | +€3,591 | +8.5% |
| Amounts payable after more than one year | 17 | €8,760 | €12,865 | +€4,105 | +46.9% |
| Other amounts payable | 178/9 | €8,760 | €12,865 | +€4,105 | +46.9% |
| Amounts payable within one year | 42/48 | €31,642 | €31,008 | -€634 | -2.0% |
| Taxes, remuneration and social security | 45 | €5,042 | €3,008 | -€2,034 | -40.3% |
| Taxes | 450/3 | €5,042 | €3,008 | -€2,034 | -40.3% |
| Other amounts payable | 47/48 | €26,600 | €28,000 | +€1,400 | +5.3% |
| Accrued charges and deferred income | 492/3 | €2,080 | €2,199 | +€119 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,822 | €6,822 | = | 0.0% |
| Other operating charges | 640/8 | €9,340 | €9,633 | +€293 | +3.1% |
| Gross operating margin | 9900 | €75,685 | €76,359 | +€675 | +0.9% |
| Operating profit (loss) | 9901 | €59,522 | €59,904 | +€382 | +0.6% |
| Financial income | 75/76B | €773 | €11,026 | +€10,253 | +1,326% |
| Recurring financial income | 75 | €773 | €11,026 | +€10,253 | +1,326% |
| Financial charges | 65/66B | €1,012 | €1,014 | +€3 | +0.2% |
| Recurring financial charges | 65 | €1,012 | €1,014 | +€3 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €59,284 | €69,916 | +€10,632 | +17.9% |
| Income taxes | 67/77 | €18,831 | €19,915 | +€1,084 | +5.8% |
| Profit (loss) for the period | 9904 | €40,453 | €50,001 | +€9,548 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,453 | €50,001 | +€9,548 | +23.6% |
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 15 October 2026 via checked.be.