IMMO DESIMPEL: 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.
What changed
IMMO DESIMPEL
NACE 68.121, Development of residential building projects
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,049
2024 · -€5,490+€17,539
Equity
€2.3m
2024 · €2.3m+€12,049
Cash
€30,349
2024 · €8,178+€22,171
Balance sheet total
€4.1m
2024 · €4.0m+€19,140
Largest movements
Assets
- Receivables after one year +€69,749
up €69,749 (+4.0%), from €1.7m to €1.8m
- Tangible fixed assets -€46,725
down €46,725 (-4.0%), from €1.2m to €1.1m
of which Land and buildings: -€44,885
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Write-downs +€4.0m
up €4.0m, from -€4.0m to €0
- Other operating charges -€4.0m
down €4.0m (-99.9%), from €4.0m to €4,712
- Financial income -€529,983
down €529,983 (-88.9%), from €596,301 to €66,318
of which Non-recurring financial income: -€525,599
- Financial charges -€522,718
down €522,718 (-96.7%), from €540,518 to €17,800
of which Non-recurring financial charges: -€525,414
- Gross operating margin +€25,875
up €25,875 (+54.3%), from €47,642 to €73,517
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
-€5,490
Gross operating margin
+€25,875
Staff costs
-€346
Depreciation
-€841
Write-downs
-€4.0m
Other operating charges
+€4.0m
Financial income
-€529,983
Financial charges
+€522,718
Taxes
+€155
Result 2025
€12,049
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.
From operations
+€30,786
Investment
+€0
Financing
-€8,614
Cash 2024
€8,178
From operations (derived)
+€30,786
Net result for the year
+€12,049
Depreciation
+€46,725
Receivables after one year
-€69,749
Receivables within one year
+€9,061
Deferred charges and accrued income
+€16,993
Trade debts
+€4,306
Tax, wage and social debts
+€6,808
Other debts
-€200
Accrued charges and deferred income
+€4,792
Investment (derived)
+€0
Current investments
+€0
Financing
-€8,614
Debts after one year
-€8,614
Cash 2025
€30,349
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,044,107 | €4,063,248 | +€19,140 | +0.5% |
| Fixed assets | 21/28 | €1,997,567 | €1,950,842 | -€46,725 | -2.3% |
| Tangible fixed assets | 22/27 | €1,159,303 | €1,112,578 | -€46,725 | -4.0% |
| Land and buildings | 22 | €1,154,800 | €1,109,915 | -€44,885 | -3.9% |
| Furniture and vehicles | 24 | €4,503 | €2,663 | -€1,840 | -40.9% |
| Financial fixed assets | 28 | €838,264 | €838,264 | = | 0.0% |
| Current assets | 29/58 | €2,046,540 | €2,112,405 | +€65,865 | +3.2% |
| Amounts receivable after more than one year | 29 | €1,748,475 | €1,818,224 | +€69,749 | +4.0% |
| Other amounts receivable | 291 | €1,748,475 | €1,818,224 | +€69,749 | +4.0% |
| Amounts receivable within one year | 40/41 | €219,243 | €210,182 | -€9,061 | -4.1% |
| Trade receivables | 40 | €219,242 | €206,031 | -€13,211 | -6.0% |
| Other amounts receivable | 41 | €1 | €4,151 | +€4,150 | +415000.0% |
| Current investments | 50/53 | €36 | €36 | -€0 | -0.4% |
| Cash at bank and in hand | 54/58 | €8,178 | €30,349 | +€22,171 | +271.1% |
| Deferred charges and accrued income | 490/1 | €70,608 | €53,615 | -€16,993 | -24.1% |
| Total equity and liabilities | 10/49 | €4,044,107 | €4,063,248 | +€19,140 | +0.5% |
| Equity | 10/15 | €2,283,290 | €2,295,339 | +€12,049 | +0.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €1,828,752 | €1,828,752 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,750,000 | €1,750,000 | = | 0.0% |
| Legal reserve | 130 | €1,750,000 | €1,750,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Distributable reserves | 133 | €78,334 | €78,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,045,463 | -€1,033,414 | +€12,049 | +1.2% |
| Amounts payable | 17/49 | €1,760,818 | €1,767,909 | +€7,091 | +0.4% |
| Amounts payable after more than one year | 17 | €1,678,674 | €1,670,059 | -€8,614 | -0.5% |
| Financial debts | 170/4 | €1,678,674 | €1,670,059 | -€8,614 | -0.5% |
| Amounts payable within one year | 42/48 | €70,093 | €81,008 | +€10,914 | +15.6% |
| Trade debts | 44 | €43,702 | €48,008 | +€4,306 | +9.9% |
| Suppliers | 440/4 | €43,702 | €48,008 | +€4,306 | +9.9% |
| Taxes, remuneration and social security | 45 | €10,641 | €17,449 | +€6,808 | +64.0% |
| Taxes | 450/3 | €1,494 | €6,471 | +€4,977 | +333.1% |
| Remuneration and social security | 454/9 | €9,147 | €10,979 | +€1,831 | +20.0% |
| Other amounts payable | 47/48 | €15,750 | €15,550 | -€200 | -1.3% |
| Accrued charges and deferred income | 492/3 | €12,051 | €16,842 | +€4,792 | +39.8% |
| Remuneration, social security and pensions | 62 | €58,203 | €58,549 | +€346 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,884 | €46,725 | +€841 | +1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,990,608 | €0 | +€4.0m | |
| Other operating charges | 640/8 | €3,995,282 | €4,712 | -€4.0m | -99.9% |
| Gross operating margin | 9900 | €47,642 | €73,517 | +€25,875 | +54.3% |
| Operating profit (loss) | 9901 | -€61,119 | -€36,470 | +€24,649 | +40.3% |
| Financial income | 75/76B | €596,301 | €66,318 | -€529,983 | -88.9% |
| Recurring financial income | 75 | €70,499 | €66,115 | -€4,384 | -6.2% |
| Non-recurring financial income | 76B | €525,802 | €204 | -€525,599 | -100.0% |
| Financial charges | 65/66B | €540,518 | €17,800 | -€522,718 | -96.7% |
| Recurring financial charges | 65 | €15,104 | €17,800 | +€2,696 | +17.9% |
| Non-recurring financial charges | 66B | €525,414 | €0 | -€525,414 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,336 | €12,049 | +€17,385 | |
| Income taxes | 67/77 | €155 | €0 | -€155 | -100.0% |
| Profit (loss) for the period | 9904 | -€5,490 | €12,049 | +€17,539 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,490 | €12,049 | +€17,539 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.