IMMO DLP: 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.
What changed
IMMO DLP
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,344
2024 · -€60,905+€33,561
Equity
€2.0m
2024 · €2.0m+€18,926
Cash
€29,996
2024 · €29,212+€784
Balance sheet total
€3.7m
2024 · €3.7m+€9,809
Largest movements
Assets
- Tangible fixed assets -€58,883
down €58,883 (-1.8%), from €3.2m to €3.2m
of which Land and buildings: -€86,696
- Current investments +€57,333
up €57,333 (+12.8%), from €447,096 to €504,429
Equity and liabilities
- Reserves -€82,682
down €82,682 (-4.4%), from €1.9m to €1.8m
of which Tax-exempt reserves: -€62,463
- Profit (loss) carried forward +€55,338
no longer reported in 2025 (was -€55,338)
- Revaluation surpluses +€46,270
up €46,270 (+152%), from €30,452 to €76,722
Income statement
- Gross operating margin +€35,084
up €35,084 (+70.5%), from €49,743 to €84,827
- Financial income +€23,770
up €23,770 (+500%), from €4,756 to €28,525
- Depreciation +€19,218
up €19,218 (+23.5%), from €81,953 to €101,171
- Financial charges +€3,125
up €3,125 (+6.3%), from €49,827 to €52,953
- Other operating charges +€2,221
up €2,221 (+50.0%), from €4,445 to €6,667
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.
Result 2024
-€60,905
Gross operating margin
+€35,084
Depreciation
-€19,218
Other operating charges
-€2,221
Financial income
+€23,770
Financial charges
-€3,125
Taxes
-€727
Result 2025
-€27,344
raises the resultlowers the result
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.
From operations
+€83,047
Investment
-€99,621
Financing
+€17,357
Cash 2024
€29,212
From operations (derived)
+€83,047
Net result for the year
-€27,344
Depreciation
+€101,171
Receivables within one year
-€9,257
Deferred charges and accrued income
-€1,319
Provisions
-€20,821
Trade debts
+€34,967
Other debts
-€5,477
Accrued charges and deferred income
+€11,127
Investment (derived)
-€99,621
Investment in fixed assets (net)
-€42,288
Current investments
-€57,333
Financing
+€17,357
Debts after one year
-€30,083
Current portion of long-term debt
+€1,170
Contributions, distributions and other
+€46,270
Cash 2025
€29,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,730,534 | €3,740,343 | +€9,809 | +0.3% |
| Fixed assets | 21/28 | €3,246,962 | €3,188,078 | -€58,883 | -1.8% |
| Tangible fixed assets | 22/27 | €3,246,962 | €3,188,078 | -€58,883 | -1.8% |
| Land and buildings | 22 | €3,245,410 | €3,158,714 | -€86,696 | -2.7% |
| Plant, machinery and equipment | 23 | €1,551 | €1,654 | +€102 | +6.6% |
| Furniture and vehicles | 24 | - | €25,397 | +€25,397 | |
| Other tangible fixed assets | 26 | - | €2,313 | +€2,313 | |
| Current assets | 29/58 | €483,572 | €552,265 | +€68,693 | +14.2% |
| Amounts receivable within one year | 40/41 | €7,264 | €16,520 | +€9,257 | +127% |
| Trade receivables | 40 | €2,500 | €2,813 | +€313 | +12.5% |
| Other amounts receivable | 41 | €4,764 | €13,708 | +€8,944 | +188% |
| Current investments | 50/53 | €447,096 | €504,429 | +€57,333 | +12.8% |
| Cash at bank and in hand | 54/58 | €29,212 | €29,996 | +€784 | +2.7% |
| Deferred charges and accrued income | 490/1 | - | €1,319 | +€1,319 | |
| Total equity and liabilities | 10/49 | €3,730,534 | €3,740,343 | +€9,809 | +0.3% |
| Equity | 10/15 | €2,004,221 | €2,023,147 | +€18,926 | +0.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €30,452 | €76,722 | +€46,270 | +152% |
| Reserves | 13 | €1,879,107 | €1,796,425 | -€82,682 | -4.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €837,756 | €775,293 | -€62,463 | -7.5% |
| Distributable reserves | 133 | €1,026,351 | €1,006,132 | -€20,219 | -2.0% |
| Profit (loss) carried forward | 14 | -€55,338 | - | +€55,338 | |
| Provisions and deferred taxes | 16 | €279,252 | €258,431 | -€20,821 | -7.5% |
| Deferred taxes | 168 | €279,252 | €258,431 | -€20,821 | -7.5% |
| Amounts payable | 17/49 | €1,447,061 | €1,458,765 | +€11,704 | +0.8% |
| Amounts payable after more than one year | 17 | €935,863 | €905,779 | -€30,083 | -3.2% |
| Financial debts | 170/4 | €935,863 | €905,599 | -€30,263 | -3.2% |
| Other amounts payable | 178/9 | - | €180 | +€180 | |
| Amounts payable within one year | 42/48 | €483,182 | €513,842 | +€30,661 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €29,093 | €30,263 | +€1,170 | +4.0% |
| Trade debts | 44 | - | €34,967 | +€34,967 | |
| Suppliers | 440/4 | - | €34,967 | +€34,967 | |
| Other amounts payable | 47/48 | €454,088 | €448,612 | -€5,477 | -1.2% |
| Accrued charges and deferred income | 492/3 | €28,017 | €39,143 | +€11,127 | +39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,953 | €101,171 | +€19,218 | +23.5% |
| Other operating charges | 640/8 | €4,445 | €6,667 | +€2,221 | +50.0% |
| Gross operating margin | 9900 | €49,743 | €84,827 | +€35,084 | +70.5% |
| Operating profit (loss) | 9901 | -€36,655 | -€23,010 | +€13,644 | +37.2% |
| Financial income | 75/76B | €4,756 | €28,525 | +€23,770 | +500% |
| Recurring financial income | 75 | €4,756 | €28,525 | +€23,770 | +500% |
| Financial charges | 65/66B | €49,827 | €52,953 | +€3,125 | +6.3% |
| Recurring financial charges | 65 | €49,827 | €52,953 | +€3,125 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | -€81,727 | -€47,438 | +€34,289 | +42.0% |
| Transfer from deferred taxes | 780 | €20,821 | €20,821 | = | 0.0% |
| Income taxes | 67/77 | - | €727 | +€727 | |
| Profit (loss) for the period | 9904 | -€60,905 | -€27,344 | +€33,561 | +55.1% |
| Transfer from tax-exempt reserves | 789 | €62,463 | €62,463 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,558 | €35,119 | +€33,561 | +2,154% |
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 13 October 2026 via checked.be.