IMMO DEWAND: 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 DEWAND
Largest movements
- Tangible fixed assets -€129,204
down €129,204 (-7.1%), from €1.8m to €1.7m
of which Land and buildings: -€118,002
- Cash +€42,630
up €42,630 (+410.5%), from €10,384 to €53,014
mainly Depreciation (+€137,319) and Deferred charges and accrued income (+€7,445)
- Receivables within one year +€29,907
new in 2025: €29,907
- Profit (loss) carried forward -€67,468
down €67,468 (-44.6%), from -€151,131 to -€218,600
- Other operating charges -€13,212
down €13,212 (-29.9%), from €44,197 to €30,985
- Staff costs +€5,146
up €5,146 (+7.2%), from €71,900 to €77,046
- Gross operating margin +€4,678
up €4,678 (+2.7%), from €173,265 to €177,943
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 | €1,840,518 | €1,776,406 | -€64,111 | -3.5% |
| Fixed assets | 21/28 | €1,822,564 | €1,693,360 | -€129,204 | -7.1% |
| Tangible fixed assets | 22/27 | €1,821,264 | €1,692,060 | -€129,204 | -7.1% |
| Land and buildings | 22 | €1,778,227 | €1,660,225 | -€118,002 | -6.6% |
| Plant, machinery and equipment | 23 | €5,015 | €10,908 | +€5,892 | +117.5% |
| Furniture and vehicles | 24 | €38,021 | €20,927 | -€17,094 | -45.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €17,954 | €83,046 | +€65,092 | +362.5% |
| Amounts receivable within one year | 40/41 | - | €29,907 | +€29,907 | |
| Trade receivables | 40 | - | €29,907 | +€29,907 | |
| Cash at bank and in hand | 54/58 | €10,384 | €53,014 | +€42,630 | +410.5% |
| Deferred charges and accrued income | 490/1 | €7,570 | €125 | -€7,445 | -98.3% |
| Total equity and liabilities | 10/49 | €1,840,518 | €1,776,406 | -€64,111 | -3.5% |
| Equity | 10/15 | €1,757,721 | €1,690,252 | -€67,468 | -3.8% |
| Contributions | 10/11 | €1,905,000 | €1,905,000 | = | 0.0% |
| Capital | 10 | €1,905,000 | €1,905,000 | = | 0.0% |
| Issued capital | 100 | €1,905,000 | €1,905,000 | = | 0.0% |
| Other | 1109/19 | €0 | - | = | |
| Reserves | 13 | €3,852 | €3,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,852 | €3,852 | = | 0.0% |
| Legal reserve | 130 | €3,852 | €3,852 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Own shares acquired | 1312 | €0 | - | = | |
| Financial assistance | 1313 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€151,131 | -€218,600 | -€67,468 | -44.6% |
| Amounts payable | 17/49 | €82,797 | €86,154 | +€3,357 | +4.1% |
| Amounts payable after more than one year | 17 | €1,700 | €1,700 | = | 0.0% |
| Other amounts payable | 178/9 | €1,700 | €1,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,097 | €84,454 | +€3,357 | +4.1% |
| Trade debts | 44 | €4,381 | €4,740 | +€359 | +8.2% |
| Suppliers | 440/4 | €4,381 | €4,740 | +€359 | +8.2% |
| Taxes, remuneration and social security | 45 | €15,052 | €20,707 | +€5,656 | +37.6% |
| Remuneration and social security | 454/9 | €15,052 | €20,707 | +€5,656 | +37.6% |
| Other amounts payable | 47/48 | €61,665 | €59,007 | -€2,658 | -4.3% |
| Remuneration, social security and pensions | 62 | €71,900 | €77,046 | +€5,146 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,441 | €137,319 | +€878 | +0.6% |
| Other operating charges | 640/8 | €44,197 | €30,985 | -€13,212 | -29.9% |
| Gross operating margin | 9900 | €173,265 | €177,943 | +€4,678 | +2.7% |
| Operating profit (loss) | 9901 | -€79,273 | -€67,407 | +€11,866 | +15.0% |
| Financial income | 75/76B | €31 | €74 | +€44 | +143.1% |
| Recurring financial income | 75 | €31 | €74 | +€44 | +143.1% |
| Financial charges | 65/66B | €31 | €136 | +€105 | +344.4% |
| Recurring financial charges | 65 | €31 | €136 | +€105 | +344.4% |
| Profit (loss) for the period before taxes | 9903 | -€79,273 | -€67,468 | +€11,804 | +14.9% |
| Income taxes | 67/77 | €243 | - | -€243 | |
| Profit (loss) for the period | 9904 | -€79,515 | -€67,468 | +€12,047 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,515 | -€67,468 | +€12,047 | +15.2% |
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 7 October 2026 via checked.be.