IMMO DONKERWOLKE: 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 DONKERWOLKE
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€13,833
2024 · -€80,409+€94,241
Equity
€308,779
2024 · €294,946+€13,833
Cash
€5,407
2024 · €5,309+€98
Balance sheet total
€2.9m
2024 · €2.2m+€620,874
Largest movements
Assets
- Stocks and contracts +€651,883
up €651,883 (+47.4%), from €1.4m to €2.0m
- Tangible fixed assets -€37,272
down €37,272 (-4.3%), from €865,436 to €828,164
of which Land and buildings: -€37,523
Equity and liabilities
- Short-term financial debts +€691,432
up €691,432 (+53.1%), from €1.3m to €2.0m
- Debts after one year -€111,812
down €111,812 (-25.5%), from €438,318 to €326,506
- Trade debts +€30,688
up €30,688 (+224%), from €13,711 to €44,398
Income statement
- Gross operating margin +€202,605
up €202,605 (+704%), from €28,775 to €231,380
- Financial charges +€105,576
up €105,576 (+278%), from €38,033 to €143,609
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
-€80,409
Gross operating margin
+€202,605
Staff costs
-€631
Depreciation
-€1,835
Other operating charges
-€676
Other operating items
+€200
Financial income
+€155
Financial charges
-€105,576
Result 2025
€13,833
raises the resultlowers the resultnot broken down further in the accounts
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
-€569,727
Investment
-€2,715
Financing
+€572,541
Cash 2024
€5,309
From operations (derived)
-€569,727
Net result for the year
+€13,833
Depreciation
+€39,987
Stocks and contracts
-€651,883
Receivables within one year
-€6,165
Trade debts
+€30,688
Tax, wage and social debts
+€5,328
Other debts
-€1,515
Investment (derived)
-€2,715
Investment in fixed assets (net)
-€2,715
Financing
+€572,541
Debts after one year
-€111,812
Current portion of long-term debt
-€7,079
Short-term financial debts
+€691,432
Cash 2025
€5,407
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,247,272 | €2,868,146 | +€620,874 | +27.6% |
| Fixed assets | 21/28 | €866,703 | €829,432 | -€37,272 | -4.3% |
| Tangible fixed assets | 22/27 | €865,436 | €828,164 | -€37,272 | -4.3% |
| Land and buildings | 22 | €863,353 | €825,831 | -€37,523 | -4.3% |
| Furniture and vehicles | 24 | €2,083 | €2,334 | +€251 | +12.1% |
| Financial fixed assets | 28 | €1,267 | €1,267 | = | 0.0% |
| Current assets | 29/58 | €1,380,568 | €2,038,714 | +€658,146 | +47.7% |
| Stocks and contracts in progress | 3 | €1,374,524 | €2,026,407 | +€651,883 | +47.4% |
| Stocks | 30/36 | €1,374,524 | €2,026,407 | +€651,883 | +47.4% |
| Amounts receivable within one year | 40/41 | €735 | €6,900 | +€6,165 | +839% |
| Trade receivables | 40 | €735 | - | -€735 | |
| Other amounts receivable | 41 | - | €6,900 | +€6,900 | |
| Cash at bank and in hand | 54/58 | €5,309 | €5,407 | +€98 | +1.9% |
| Total equity and liabilities | 10/49 | €2,247,272 | €2,868,146 | +€620,874 | +27.6% |
| Equity | 10/15 | €294,946 | €308,779 | +€13,833 | +4.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Share premium | 1100/10 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €5,031 | €5,031 | = | 0.0% |
| Distributable reserves | 133 | €5,031 | €5,031 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269,455 | €283,287 | +€13,833 | +5.1% |
| Amounts payable | 17/49 | €1,952,326 | €2,559,367 | +€607,041 | +31.1% |
| Amounts payable after more than one year | 17 | €438,318 | €326,506 | -€111,812 | -25.5% |
| Financial debts | 170/4 | €438,318 | €326,506 | -€111,812 | -25.5% |
| Amounts payable within one year | 42/48 | €1,514,008 | €2,232,861 | +€718,853 | +47.5% |
| Current portion of amounts payable after more than one year | 42 | €118,891 | €111,812 | -€7,079 | -6.0% |
| Financial debts | 43 | €1,300,994 | €1,992,426 | +€691,432 | +53.1% |
| Credit institutions | 430/8 | €1,300,994 | €1,992,426 | +€691,432 | +53.1% |
| Trade debts | 44 | €13,711 | €44,398 | +€30,688 | +224% |
| Suppliers | 440/4 | €13,711 | €44,398 | +€30,688 | +224% |
| Taxes, remuneration and social security | 45 | €4,833 | €10,161 | +€5,328 | +110% |
| Taxes | 450/3 | €4,833 | €10,161 | +€5,328 | +110% |
| Other amounts payable | 47/48 | €75,579 | €74,064 | -€1,515 | -2.0% |
| Remuneration, social security and pensions | 62 | €13,936 | €14,566 | +€631 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,151 | €39,987 | +€1,835 | +4.8% |
| Other operating charges | 640/8 | €18,864 | €19,540 | +€676 | +3.6% |
| Non-recurring operating charges | 66A | €200 | - | -€200 | |
| Gross operating margin | 9900 | €28,775 | €231,380 | +€202,605 | +704% |
| Operating profit (loss) | 9901 | -€42,375 | €157,287 | +€199,662 | |
| Financial income | 75/76B | - | €155 | +€155 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Financial charges | 65/66B | €38,033 | €143,609 | +€105,576 | +278% |
| Recurring financial charges | 65 | €38,033 | €143,609 | +€105,576 | +278% |
| Profit (loss) for the period before taxes | 9903 | -€80,409 | €13,833 | +€94,241 | |
| Profit (loss) for the period | 9904 | -€80,409 | €13,833 | +€94,241 | |
| Profit (loss) for the period to be appropriated | 9905 | -€80,409 | €13,833 | +€94,241 |
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 24 October 2026 via checked.be.