IMMO DEVELOPMENT DAVID: 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 DEVELOPMENT DAVID
Largest movements
- Stocks and contracts +€383,154
up €383,154 (+21.8%), from €1.8m to €2.1m
- Debts after one year +€323,562
up €323,562 (+31.9%), from €1.0m to €1.3m
- Trade debts -€140,408
down €140,408 (-93.6%), from €150,042 to €9,634
- Profit (loss) carried forward +€116,918
up €116,918 (+43.4%), from -€269,506 to -€152,588
- Other debts +€79,200
up €79,200 (+11.4%), from €696,691 to €775,891
- Current portion of long-term debt +€21,737
up €21,737 (+29.1%), from €74,701 to €96,438
- Gross operating margin +€165,559
up €165,559, from -€9,097 to €156,462
- Financial charges +€7,005
up €7,005 (+34.8%), from €20,150 to €27,155
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 | €1,767,706 | €2,168,714 | +€401,008 | +22.7% |
| Current assets | 29/58 | €1,767,706 | €2,168,714 | +€401,008 | +22.7% |
| Stocks and contracts in progress | 3 | €1,757,658 | €2,140,812 | +€383,154 | +21.8% |
| Stocks | 30/36 | €1,757,658 | €2,140,812 | +€383,154 | +21.8% |
| Amounts receivable within one year | 40/41 | €8,222 | €24,705 | +€16,483 | +200.5% |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 41 | €8,222 | €19,705 | +€11,483 | +139.7% |
| Current investments | 50/53 | - | €2,669 | +€2,669 | |
| Cash at bank and in hand | 54/58 | €1,541 | - | -€1,541 | |
| Deferred charges and accrued income | 490/1 | €285 | €528 | +€243 | +85.4% |
| Total equity and liabilities | 10/49 | €1,767,706 | €2,168,714 | +€401,008 | +22.7% |
| Equity | 10/15 | -€169,506 | -€52,588 | +€116,918 | +69.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,506 | -€152,588 | +€116,918 | +43.4% |
| Amounts payable | 17/49 | €1,937,212 | €2,221,302 | +€284,090 | +14.7% |
| Amounts payable after more than one year | 17 | €1,015,778 | €1,339,339 | +€323,562 | +31.9% |
| Financial debts | 170/4 | €1,015,778 | €1,339,339 | +€323,562 | +31.9% |
| Amounts payable within one year | 42/48 | €921,434 | €881,963 | -€39,471 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €74,701 | €96,438 | +€21,737 | +29.1% |
| Trade debts | 44 | €150,042 | €9,634 | -€140,408 | -93.6% |
| Suppliers | 440/4 | €150,042 | €9,634 | -€140,408 | -93.6% |
| Other amounts payable | 47/48 | €696,691 | €775,891 | +€79,200 | +11.4% |
| Other operating charges | 640/8 | €12,212 | €12,389 | +€177 | +1.5% |
| Gross operating margin | 9900 | -€9,097 | €156,462 | +€165,559 | |
| Operating profit (loss) | 9901 | -€21,309 | €144,073 | +€165,381 | |
| Financial charges | 65/66B | €20,150 | €27,155 | +€7,005 | +34.8% |
| Recurring financial charges | 65 | €20,150 | €27,155 | +€7,005 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | -€41,459 | €116,918 | +€158,376 | |
| Profit (loss) for the period | 9904 | -€41,459 | €116,918 | +€158,376 | |
| Profit (loss) for the period to be appropriated | 9905 | -€41,459 | €116,918 | +€158,376 |
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 6 October 2026 via checked.be.