IMMO - DORE: 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.
What changed
IMMO - DORE
NACE 43.350, Other building finishing work
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€694,249
2025 · €597,779+€96,470
Equity
€3.3m
2025 · €2.8m+€444,249
Cash
€283,014
2025 · €866,093-€583,079
Balance sheet total
€4.0m
2025 · €3.7m+€352,163
Largest movements
Assets
- Current investments +€875,440
new in 2026: €875,440
- Cash -€583,079
down €583,079 (-67.3%), from €866,093 to €283,014
mainly Current investments (-€875,440) and Contributions, distributions and other (-€250,000)
- Receivables within one year +€77,915
up €77,915 (+475.4%), from €16,388 to €94,304
of which Trade receivables: +€83,701
- Receivables after one year -€45,000
down €45,000 (-100.0%), from €45,000 to €0
Equity and liabilities
- Reserves +€444,249
up €444,249 (+17.7%), from €2.5m to €3.0m
of which Distributable reserves: +€517,269
- Tax, wage and social debts -€133,520
down €133,520 (-93.1%), from €143,402 to €9,882
Income statement
- Turnover +€122,791
up €122,791 (+12.8%), from €961,860 to €1.1m
- Financial charges +€37,278
up €37,278 (+212.8%), from €17,515 to €54,793
- Financial income +€24,213
up €24,213 (+779.3%), from €3,107 to €27,320
- Taxes +€14,447
up €14,447 (+10.2%), from €141,505 to €155,952
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.
Result 2025
€597,779
Turnover
+€122,791
Other operating income
+€151
Services and other goods
+€3,219
Depreciation
-€294
Other operating charges
-€1,885
Financial income
+€24,213
Financial charges
-€37,278
Taxes
-€14,447
Result 2026
€694,249
Cash bridge derived
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.
From operations
+€714,483
Investment
-€1.1m
Financing
-€243,209
Cash 2025
€866,093
From operations (derived)
+€714,483
Net result for the year
+€694,249
Depreciation
+€152,026
Receivables after one year
+€45,000
Receivables within one year
-€77,915
Trade debts
+€4,767
Tax, wage and social debts
-€133,520
Other debts
+€30,000
Accrued charges and deferred income
-€124
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€178,913
Current investments
-€875,440
Financing
-€243,209
Debts after one year
+€6,791
Contributions, distributions and other
-€250,000
Cash 2026
€283,014
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,654,593 | €4,006,756 | +€352,163 | +9.6% |
| Fixed assets | 21/28 | €2,727,112 | €2,753,999 | +€26,887 | +1.0% |
| Tangible fixed assets | 22/27 | €2,727,112 | €2,753,999 | +€26,887 | +1.0% |
| Land and buildings | 22 | €2,727,112 | €2,753,999 | +€26,887 | +1.0% |
| Current assets | 29/58 | €927,481 | €1,252,757 | +€325,276 | +35.1% |
| Amounts receivable after more than one year | 29 | €45,000 | €0 | -€45,000 | -100.0% |
| Other amounts receivable | 291 | €45,000 | €0 | -€45,000 | -100.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €16,388 | €94,304 | +€77,915 | +475.4% |
| Trade receivables | 40 | €10,603 | €94,304 | +€83,701 | +789.4% |
| Other amounts receivable | 41 | €5,786 | €0 | -€5,786 | -100.0% |
| Current investments | 50/53 | - | €875,440 | +€875,440 | |
| Other investments | 51/53 | - | €875,440 | +€875,440 | |
| Cash at bank and in hand | 54/58 | €866,093 | €283,014 | -€583,079 | -67.3% |
| Total equity and liabilities | 10/49 | €3,654,593 | €4,006,756 | +€352,163 | +9.6% |
| Equity | 10/15 | €2,844,527 | €3,288,776 | +€444,249 | +15.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €266,825 | €266,825 | = | 0.0% |
| Reserves | 13 | €2,516,202 | €2,960,452 | +€444,249 | +17.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €315,750 | €242,731 | -€73,019 | -23.1% |
| Distributable reserves | 133 | €2,194,302 | €2,711,571 | +€517,269 | +23.6% |
| Amounts payable | 17/49 | €810,066 | €717,979 | -€92,087 | -11.4% |
| Amounts payable after more than one year | 17 | €442,101 | €448,892 | +€6,791 | +1.5% |
| Financial debts | 170/4 | €442,101 | €448,892 | +€6,791 | +1.5% |
| Other loans | 174 | €442,101 | €448,892 | +€6,791 | +1.5% |
| Amounts payable within one year | 42/48 | €363,537 | €264,784 | -€98,754 | -27.2% |
| Trade debts | 44 | €135 | €4,902 | +€4,767 | +3531.1% |
| Suppliers | 440/4 | €135 | €4,902 | +€4,767 | +3531.1% |
| Taxes, remuneration and social security | 45 | €143,402 | €9,882 | -€133,520 | -93.1% |
| Taxes | 450/3 | €143,402 | €9,882 | -€133,520 | -93.1% |
| Other amounts payable | 47/48 | €220,000 | €250,000 | +€30,000 | +13.6% |
| Accrued charges and deferred income | 492/3 | €4,427 | €4,304 | -€124 | -2.8% |
| Operating income | 70/76A | €961,860 | €1,084,803 | +€122,942 | +12.8% |
| Turnover | 70 | €961,860 | €1,084,652 | +€122,791 | +12.8% |
| Other operating income | 74 | - | €151 | +€151 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €208,168 | €207,128 | -€1,040 | -0.5% |
| Services and other goods | 61 | €16,674 | €13,454 | -€3,219 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,732 | €152,026 | +€294 | +0.2% |
| Other operating charges | 640/8 | €39,763 | €41,648 | +€1,885 | +4.7% |
| Operating profit (loss) | 9901 | €753,692 | €877,674 | +€123,982 | +16.4% |
| Financial income | 75/76B | €3,107 | €27,320 | +€24,213 | +779.3% |
| Recurring financial income | 75 | €3,107 | €27,320 | +€24,213 | +779.3% |
| Income from financial fixed assets | 750 | - | €15,348 | +€15,348 | |
| Income from current assets | 751 | - | €11,034 | +€11,034 | |
| Other financial income | 752/9 | €3,107 | €938 | -€2,169 | -69.8% |
| Financial charges | 65/66B | €17,515 | €54,793 | +€37,278 | +212.8% |
| Recurring financial charges | 65 | €17,515 | €54,793 | +€37,278 | +212.8% |
| Debt charges | 650 | €17,251 | €17,511 | +€260 | +1.5% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | - | €36,981 | +€36,981 | |
| Other financial charges | 652/9 | €264 | €300 | +€36 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €739,284 | €850,202 | +€110,917 | +15.0% |
| Income taxes | 67/77 | €141,505 | €155,952 | +€14,447 | +10.2% |
| Taxes | 670/3 | €141,505 | €155,952 | +€14,447 | +10.2% |
| Profit (loss) for the period | 9904 | €597,779 | €694,249 | +€96,470 | +16.1% |
| Transfer from tax-exempt reserves | 789 | €136,855 | €262,469 | +€125,614 | +91.8% |
| Transfer to tax-exempt reserves | 689 | €0 | €189,450 | +€189,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €734,635 | €767,269 | +€32,634 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.