IMMO DFM: what changed
Two financial 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 DFM
Largest movements
- Tangible fixed assets -€39,519
down €39,519 (-37.3%), from €105,935 to €66,416
of which Land and buildings: -€39,030
- Receivables within one year -€18,116
down €18,116 (-15.7%), from €115,072 to €96,956
of which Trade receivables: -€15,000
- Cash +€9,833
up €9,833 (+27.8%), from €35,351 to €45,184
mainly Depreciation (+€39,519) and Receivables within one year (+€18,116)
- Profit (loss) carried forward -€42,111
down €42,111 (-206%), from -€20,398 to -€62,509
- Debts after one year -€5,085
down €5,085 (-24.5%), from €20,774 to €15,689
- Gross operating margin -€24,028
down €24,028 (-42.0%), from €57,161 to €33,132
- Purchases and services +€22,068
up €22,068 (+27.7%), from €79,577 to €101,644
- Depreciation +€3,373
up €3,373 (+9.3%), from €36,146 to €39,519
- Turnover -€1,961
down €1,961 (-1.4%), from €136,737 to €134,777
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.
Derived cash bridge
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 | €258,289 | €210,213 | -€48,077 | -18.6% |
| Fixed assets | 21/28 | €105,935 | €66,416 | -€39,519 | -37.3% |
| Tangible fixed assets | 22/27 | €105,935 | €66,416 | -€39,519 | -37.3% |
| Land and buildings | 22 | €104,420 | €65,390 | -€39,030 | -37.4% |
| Plant, machinery and equipment | 23 | €1,515 | €1,025 | -€489 | -32.3% |
| Current assets | 29/58 | €152,354 | €143,797 | -€8,557 | -5.6% |
| Stocks and contracts in progress | 3 | €372 | - | -€372 | |
| Stocks | 30/36 | €372 | - | -€372 | |
| Amounts receivable within one year | 40/41 | €115,072 | €96,956 | -€18,116 | -15.7% |
| Trade receivables | 40 | €82,500 | €67,500 | -€15,000 | -18.2% |
| Other amounts receivable | 41 | €32,572 | €29,456 | -€3,116 | -9.6% |
| Cash at bank and in hand | 54/58 | €35,351 | €45,184 | +€9,833 | +27.8% |
| Deferred charges and accrued income | 490/1 | €1,560 | €1,658 | +€98 | +6.3% |
| Total equity and liabilities | 10/49 | €258,289 | €210,213 | -€48,077 | -18.6% |
| Equity | 10/15 | €217,106 | €174,994 | -€42,111 | -19.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €175,503 | €175,503 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €169,303 | €169,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,398 | -€62,509 | -€42,111 | -206% |
| Amounts payable | 17/49 | €41,184 | €35,218 | -€5,965 | -14.5% |
| Amounts payable after more than one year | 17 | €20,774 | €15,689 | -€5,085 | -24.5% |
| Financial debts | 170/4 | €20,774 | €15,689 | -€5,085 | -24.5% |
| Amounts payable within one year | 42/48 | €20,410 | €19,530 | -€880 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €4,866 | €5,085 | +€220 | +4.5% |
| Trade debts | 44 | €3,808 | €3,784 | -€24 | -0.6% |
| Suppliers | 440/4 | €3,808 | €3,784 | -€24 | -0.6% |
| Taxes, remuneration and social security | 45 | €5,430 | €4,354 | -€1,076 | -19.8% |
| Taxes | 450/3 | €702 | €4,354 | +€3,652 | +520% |
| Remuneration and social security | 454/9 | €4,728 | - | -€4,728 | |
| Other amounts payable | 47/48 | €6,306 | €6,306 | = | 0.0% |
| Turnover | 70 | €136,737 | €134,777 | -€1,961 | -1.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €79,577 | €101,644 | +€22,068 | +27.7% |
| Remuneration, social security and pensions | 62 | €31,127 | €30,529 | -€598 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,146 | €39,519 | +€3,373 | +9.3% |
| Other operating charges | 640/8 | €4,019 | €4,232 | +€213 | +5.3% |
| Gross operating margin | 9900 | €57,161 | €33,132 | -€24,028 | -42.0% |
| Operating profit (loss) | 9901 | -€14,132 | -€41,149 | -€27,017 | -191% |
| Financial charges | 65/66B | €193 | €1,036 | +€842 | +436% |
| Recurring financial charges | 65 | €193 | €1,036 | +€842 | +436% |
| Profit (loss) for the period before taxes | 9903 | -€14,325 | -€42,185 | -€27,860 | -194% |
| Income taxes | 67/77 | -€144 | -€73 | +€71 | +49.2% |
| Profit (loss) for the period | 9904 | -€14,181 | -€42,111 | -€27,931 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,181 | -€42,111 | -€27,931 | -197% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.