IMMO DEVAUX I: 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 DEVAUX I
Largest movements
- Tangible fixed assets +€114,405
up €114,405 (+10.6%), from €1.1m to €1.2m
of which Land and buildings: +€141,589
- Cash +€13,076
up €13,076 (+367.5%), from €3,558 to €16,634
mainly Debts after one year (+€95,478) and Trade debts (+€51,694)
- Debts after one year +€95,478
up €95,478 (+8.1%), from €1.2m to €1.3m
- Trade debts +€51,694
up €51,694 (+835.4%), from €6,188 to €57,882
- Profit (loss) carried forward -€19,655
down €19,655 (-6.6%), from -€296,778 to -€316,433
- Gross operating margin +€33,435
up €33,435 (+87.1%), from €38,389 to €71,824
- Financial charges -€28,526
down €28,526 (-34.2%), from €83,464 to €54,937
- Depreciation +€2,620
up €2,620 (+9.3%), from €28,036 to €30,656
- Other operating charges -€2,566
down €2,566 (-30.4%), from €8,452 to €5,886
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 | €1,082,660 | €1,215,026 | +€132,366 | +12.2% |
| Fixed assets | 21/28 | €1,077,792 | €1,192,197 | +€114,405 | +10.6% |
| Tangible fixed assets | 22/27 | €1,077,792 | €1,192,197 | +€114,405 | +10.6% |
| Land and buildings | 22 | €103,027 | €244,616 | +€141,589 | +137.4% |
| Other tangible fixed assets | 26 | €974,765 | €947,581 | -€27,184 | -2.8% |
| Current assets | 29/58 | €4,867 | €22,829 | +€17,961 | +369.0% |
| Amounts receivable within one year | 40/41 | - | €2,880 | +€2,880 | |
| Trade receivables | 40 | - | €1,319 | +€1,319 | |
| Other amounts receivable | 41 | - | €1,561 | +€1,561 | |
| Cash at bank and in hand | 54/58 | €3,558 | €16,634 | +€13,076 | +367.5% |
| Deferred charges and accrued income | 490/1 | €1,309 | €3,315 | +€2,006 | +153.2% |
| Total equity and liabilities | 10/49 | €1,082,660 | €1,215,026 | +€132,366 | +12.2% |
| Equity | 10/15 | -€235,278 | -€254,933 | -€19,655 | -8.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,778 | -€316,433 | -€19,655 | -6.6% |
| Amounts payable | 17/49 | €1,317,937 | €1,469,959 | +€152,022 | +11.5% |
| Amounts payable after more than one year | 17 | €1,179,380 | €1,274,858 | +€95,478 | +8.1% |
| Other amounts payable | 178/9 | €1,179,380 | €1,274,858 | +€95,478 | +8.1% |
| Amounts payable within one year | 42/48 | €138,557 | €195,101 | +€56,544 | +40.8% |
| Trade debts | 44 | €6,188 | €57,882 | +€51,694 | +835.4% |
| Suppliers | 440/4 | €6,188 | €57,882 | +€51,694 | +835.4% |
| Other amounts payable | 47/48 | €132,370 | €137,220 | +€4,850 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,036 | €30,656 | +€2,620 | +9.3% |
| Other operating charges | 640/8 | €8,452 | €5,886 | -€2,566 | -30.4% |
| Gross operating margin | 9900 | €38,389 | €71,824 | +€33,435 | +87.1% |
| Operating profit (loss) | 9901 | €1,900 | €35,281 | +€33,381 | +1756.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €83,464 | €54,937 | -€28,526 | -34.2% |
| Recurring financial charges | 65 | €83,464 | €54,937 | -€28,526 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€81,564 | -€19,655 | +€61,908 | +75.9% |
| Profit (loss) for the period | 9904 | -€81,564 | -€19,655 | +€61,908 | +75.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,564 | -€19,655 | +€61,908 | +75.9% |
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.