IMMO DETHIER: 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 DETHIER
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €600,955+€2.5m
Equity
€16.2m
2024 · €13.1m+€3.1m
Cash
€224,422
2024 · €11,926+€212,496
Balance sheet total
€30.7m
2024 · €27.1m+€3.6m
Largest movements
Assets
- Receivables within one year +€3.8m
up €3.8m (+116.9%), from €3.2m to €7.0m
of which Other amounts receivable: +€3.8m
- Tangible fixed assets -€1.2m
down €1.2m (-10.5%), from €11.2m to €10.0m
of which Land and buildings: -€3.1m
- Financial fixed assets +€779,440
up €779,440 (+30.9%), from €2.5m to €3.3m
- Current investments +€457,313
up €457,313 (+37.0%), from €1.2m to €1.7m
- Stocks and contracts -€382,895
down €382,895 (-4.3%), from €8.8m to €8.4m
Equity and liabilities
- Reserves +€3.1m
up €3.1m (+25.6%), from €12.1m to €15.2m
of which Distributable reserves: +€3.2m
- Debts after one year +€1.3m
up €1.3m (+12.6%), from €10.3m to €11.6m
of which Financial debts: +€1.3m
- Other debts -€677,304
down €677,304 (-53.4%), from €1.3m to €590,262
Income statement
- Gross operating margin +€3.3m
up €3.3m (+226.3%), from €1.5m to €4.8m
- Taxes +€1.0m
up €1.0m (+1593.2%), from €64,966 to €1.1m
- Depreciation -€130,841
down €130,841 (-37.8%), from €345,733 to €214,892
- Other operating charges +€87,112
up €87,112 (+158.3%), from €55,028 to €142,139
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
€600,955
Gross operating margin
+€3.3m
Depreciation
+€130,841
Other operating charges
-€87,112
Other operating items
+€1
Financial income
+€29,270
Financial charges
-€11,629
Taxes
-€1.0m
Deferred taxes and other
+€168,197
Result 2025
€3.1m
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
-€802,298
Investment
-€272,500
Financing
+€1.3m
Cash 2024
€11,926
From operations (derived)
-€802,298
Net result for the year
+€3.1m
Depreciation
+€214,892
Stocks and contracts
+€382,895
Receivables within one year
-€3.8m
Deferred charges and accrued income
+€94,339
Provisions
-€32,844
Trade debts
-€168,173
Advances received
+€1,133
Other debts
-€677,304
Accrued charges and deferred income
+€75,049
Investment (derived)
-€272,500
Investment in fixed assets (net)
+€184,813
Current investments
-€457,313
Financing
+€1.3m
Debts after one year
+€1.3m
Current portion of long-term debt
-€15,044
Cash 2025
€224,422
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,144,527 | €30,728,891 | +€3.6m | +13.2% |
| Fixed assets | 21/28 | €13,738,657 | €13,338,951 | -€399,705 | -2.9% |
| Tangible fixed assets | 22/27 | €11,213,657 | €10,034,511 | -€1.2m | -10.5% |
| Land and buildings | 22 | €10,397,825 | €7,284,295 | -€3.1m | -29.9% |
| Assets under construction and advance payments | 27 | €815,831 | €2,750,217 | +€1.9m | +237.1% |
| Financial fixed assets | 28 | €2,525,000 | €3,304,440 | +€779,440 | +30.9% |
| Current assets | 29/58 | €13,405,870 | €17,389,939 | +€4.0m | +29.7% |
| Stocks and contracts in progress | 3 | €8,815,255 | €8,432,360 | -€382,895 | -4.3% |
| Stocks | 30/36 | €8,815,255 | €8,432,360 | -€382,895 | -4.3% |
| Amounts receivable within one year | 40/41 | €3,243,718 | €7,035,212 | +€3.8m | +116.9% |
| Trade receivables | 40 | €2,750 | €4,615 | +€1,865 | +67.8% |
| Other amounts receivable | 41 | €3,240,967 | €7,030,597 | +€3.8m | +116.9% |
| Current investments | 50/53 | €1,234,736 | €1,692,049 | +€457,313 | +37.0% |
| Cash at bank and in hand | 54/58 | €11,926 | €224,422 | +€212,496 | +1781.8% |
| Deferred charges and accrued income | 490/1 | €100,235 | €5,896 | -€94,339 | -94.1% |
| Total equity and liabilities | 10/49 | €27,144,527 | €30,728,891 | +€3.6m | +13.2% |
| Equity | 10/15 | €13,093,951 | €16,193,159 | +€3.1m | +23.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €12,093,951 | €15,193,159 | +€3.1m | +25.6% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,138,777 | €5,040,243 | -€98,533 | -1.9% |
| Distributable reserves | 133 | €6,855,174 | €10,052,916 | +€3.2m | +46.6% |
| Provisions and deferred taxes | 16 | €1,712,926 | €1,680,081 | -€32,844 | -1.9% |
| Deferred taxes | 168 | €1,712,926 | €1,680,081 | -€32,844 | -1.9% |
| Amounts payable | 17/49 | €12,337,650 | €12,855,650 | +€518,000 | +4.2% |
| Amounts payable after more than one year | 17 | €10,319,435 | €11,621,773 | +€1.3m | +12.6% |
| Financial debts | 170/4 | €10,317,185 | €11,619,523 | +€1.3m | +12.6% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,982,672 | €1,123,286 | -€859,387 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €293,488 | €278,444 | -€15,044 | -5.1% |
| Trade debts | 44 | €418,942 | €250,770 | -€168,173 | -40.1% |
| Suppliers | 440/4 | €418,942 | €250,770 | -€168,173 | -40.1% |
| Advances received on contracts in progress | 46 | €2,677 | €3,810 | +€1,133 | +42.3% |
| Other amounts payable | 47/48 | €1,267,565 | €590,262 | -€677,304 | -53.4% |
| Accrued charges and deferred income | 492/3 | €35,543 | €110,592 | +€75,049 | +211.2% |
| Non-recurring operating income | 76A | €993,731 | €4,000,302 | +€3.0m | +302.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345,733 | €214,892 | -€130,841 | -37.8% |
| Other operating charges | 640/8 | €55,028 | €142,139 | +€87,112 | +158.3% |
| Non-recurring operating charges | 66A | €1 | - | -€1 | |
| Gross operating margin | 9900 | €1,459,567 | €4,763,276 | +€3.3m | +226.3% |
| Operating profit (loss) | 9901 | €1,058,805 | €4,406,244 | +€3.3m | +316.2% |
| Financial income | 75/76B | €92,762 | €122,032 | +€29,270 | +31.6% |
| Recurring financial income | 75 | €92,762 | €122,032 | +€29,270 | +31.6% |
| Financial charges | 65/66B | €350,294 | €361,923 | +€11,629 | +3.3% |
| Recurring financial charges | 65 | €350,294 | €361,923 | +€11,629 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €801,273 | €4,166,353 | +€3.4m | +420.0% |
| Transfer from deferred taxes | 780 | €111,535 | €189,958 | +€78,423 | +70.3% |
| Transfer to deferred taxes | 680 | €246,887 | €157,113 | -€89,773 | -36.4% |
| Income taxes | 67/77 | €64,966 | €1,099,990 | +€1.0m | +1593.2% |
| Profit (loss) for the period | 9904 | €600,955 | €3,099,208 | +€2.5m | +415.7% |
| Transfer from tax-exempt reserves | 789 | €334,604 | €569,874 | +€235,270 | +70.3% |
| Transfer to tax-exempt reserves | 689 | €740,660 | €471,340 | -€269,319 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €194,899 | €3,197,742 | +€3.0m | +1540.7% |
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 30 September 2026 via checked.be.