IMMO DL: 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 DL
Largest movements
- Tangible fixed assets -€17,506
down €17,506 (-7.9%), from €222,168 to €204,663
of which Land and buildings: -€16,488
- Current portion of long-term debt -€19,986
no longer reported in 2026 (was €19,986)
- Other debts +€13,400
up €13,400 (+112%), from €12,000 to €25,400
- Reserves -€9,312
down €9,312 (-10.3%), from €90,005 to €80,693
of which Tax-exempt reserves: -€9,312
- Provisions -€3,104
down €3,104 (-11.1%), from €27,935 to €24,831
- Gross operating margin +€10,206
up €10,206 (+29.1%), from €35,024 to €45,229
- Taxes +€2,235
up €2,235 (+32.1%), from €6,964 to €9,199
- Financial income -€1,731
no longer reported in 2026 (was €1,731)
- Financial charges -€789
down €789 (-54.4%), from €1,451 to €662
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,106 | €216,524 | -€15,582 | -6.7% |
| Fixed assets | 21/28 | €222,168 | €204,663 | -€17,506 | -7.9% |
| Tangible fixed assets | 22/27 | €222,168 | €204,663 | -€17,506 | -7.9% |
| Land and buildings | 22 | €216,878 | €200,391 | -€16,488 | -7.6% |
| Plant, machinery and equipment | 23 | €5,290 | €4,272 | -€1,018 | -19.2% |
| Current assets | 29/58 | €9,937 | €11,861 | +€1,924 | +19.4% |
| Amounts receivable within one year | 40/41 | €11 | €532 | +€521 | +4,632% |
| Trade receivables | 40 | - | €460 | +€460 | |
| Other amounts receivable | 41 | €11 | €72 | +€61 | +542% |
| Cash at bank and in hand | 54/58 | €9,144 | €10,523 | +€1,379 | +15.1% |
| Deferred charges and accrued income | 490/1 | €783 | €806 | +€23 | +3.0% |
| Total equity and liabilities | 10/49 | €232,106 | €216,524 | -€15,582 | -6.7% |
| Equity | 10/15 | €162,090 | €153,052 | -€9,038 | -5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €90,005 | €80,693 | -€9,312 | -10.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,805 | €74,493 | -€9,312 | -11.1% |
| Profit (loss) carried forward | 14 | €10,086 | €10,359 | +€273 | +2.7% |
| Provisions and deferred taxes | 16 | €27,935 | €24,831 | -€3,104 | -11.1% |
| Deferred taxes | 168 | €27,935 | €24,831 | -€3,104 | -11.1% |
| Amounts payable | 17/49 | €42,080 | €38,641 | -€3,440 | -8.2% |
| Amounts payable within one year | 42/48 | €39,729 | €35,988 | -€3,741 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €19,986 | - | -€19,986 | |
| Trade debts | 44 | €750 | €1,353 | +€603 | +80.4% |
| Suppliers | 440/4 | €750 | €1,353 | +€603 | +80.4% |
| Taxes, remuneration and social security | 45 | €6,993 | €9,235 | +€2,242 | +32.1% |
| Taxes | 450/3 | €6,993 | €9,235 | +€2,242 | +32.1% |
| Other amounts payable | 47/48 | €12,000 | €25,400 | +€13,400 | +112% |
| Accrued charges and deferred income | 492/3 | €2,352 | €2,653 | +€302 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,506 | €17,506 | = | 0.0% |
| Other operating charges | 640/8 | €4,633 | €5,005 | +€372 | +8.0% |
| Gross operating margin | 9900 | €35,024 | €45,229 | +€10,206 | +29.1% |
| Operating profit (loss) | 9901 | €12,885 | €22,719 | +€9,834 | +76.3% |
| Financial income | 75/76B | €1,731 | - | -€1,731 | |
| Recurring financial income | 75 | €1,731 | - | -€1,731 | |
| Financial charges | 65/66B | €1,451 | €662 | -€789 | -54.4% |
| Recurring financial charges | 65 | €1,451 | €662 | -€789 | -54.4% |
| Profit (loss) for the period before taxes | 9903 | €13,165 | €22,057 | +€8,892 | +67.5% |
| Transfer from deferred taxes | 780 | €3,104 | €3,104 | = | 0.0% |
| Income taxes | 67/77 | €6,964 | €9,199 | +€2,235 | +32.1% |
| Profit (loss) for the period | 9904 | €9,305 | €15,962 | +€6,657 | +71.5% |
| Transfer from tax-exempt reserves | 789 | €9,312 | €9,312 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,617 | €25,273 | +€6,657 | +35.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.