IMMO DP * DP & Cie: 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 DP * DP & Cie
Largest movements
- Receivables after one year +€263,401
new in 2025: €263,401
- Cash -€206,701
down €206,701 (-90.2%), from €229,164 to €22,463
mainly Receivables after one year (-€263,401) and Investment in fixed assets (net) (-€100,412)
- Tangible fixed assets +€34,633
up €34,633 (+3.4%), from €1.0m to €1.1m
of which Land and buildings: +€43,805
- Receivables within one year -€16,343
down €16,343 (-59.4%), from €27,496 to €11,153
of which Trade receivables: -€12,343
- Profit (loss) carried forward +€49,456
up €49,456, from -€12,206 to €37,250
- Debts after one year +€20,719
up €20,719 (+3.5%), from €598,354 to €619,073
of which Financial debts: +€15,622
- Tax, wage and social debts +€13,750
up €13,750 (+258%), from €5,320 to €19,070
- Gross operating margin -€23,816
down €23,816 (-13.0%), from €183,484 to €159,668
- Write-downs -€17,690
down €17,690, from €9,172 to -€8,517
- Other operating charges +€10,076
up €10,076 (+64.7%), from €15,573 to €25,649
- Taxes -€3,456
down €3,456 (-16.1%), from €21,475 to €18,018
- Depreciation +€3,449
up €3,449 (+5.5%), from €62,329 to €65,779
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 | €1,289,455 | €1,364,559 | +€75,104 | +5.8% |
| Fixed assets | 21/28 | €1,030,850 | €1,065,483 | +€34,633 | +3.4% |
| Tangible fixed assets | 22/27 | €1,030,850 | €1,065,483 | +€34,633 | +3.4% |
| Land and buildings | 22 | €995,346 | €1,039,151 | +€43,805 | +4.4% |
| Furniture and vehicles | 24 | €13,804 | €10,605 | -€3,199 | -23.2% |
| Other tangible fixed assets | 26 | €21,699 | €15,726 | -€5,973 | -27.5% |
| Current assets | 29/58 | €258,606 | €299,076 | +€40,471 | +15.6% |
| Amounts receivable after more than one year | 29 | - | €263,401 | +€263,401 | |
| Other amounts receivable | 291 | - | €263,401 | +€263,401 | |
| Amounts receivable within one year | 40/41 | €27,496 | €11,153 | -€16,343 | -59.4% |
| Trade receivables | 40 | €15,496 | €3,153 | -€12,343 | -79.7% |
| Other amounts receivable | 41 | €12,000 | €8,000 | -€4,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €229,164 | €22,463 | -€206,701 | -90.2% |
| Deferred charges and accrued income | 490/1 | €1,946 | €2,059 | +€114 | +5.8% |
| Total equity and liabilities | 10/49 | €1,289,455 | €1,364,559 | +€75,104 | +5.8% |
| Equity | 10/15 | €536,943 | €581,400 | +€44,457 | +8.3% |
| Contributions | 10/11 | €122,707 | €122,707 | = | 0.0% |
| Capital | 10 | €122,707 | €122,707 | = | 0.0% |
| Issued capital | 100 | €122,707 | €122,707 | = | 0.0% |
| Revaluation surpluses | 12 | €226,932 | €226,932 | = | 0.0% |
| Reserves | 13 | €199,510 | €194,510 | -€4,999 | -2.5% |
| Non-distributable reserves | 130/1 | €5,465 | €6,783 | +€1,318 | +24.1% |
| Legal reserve | 130 | €5,465 | €6,783 | +€1,318 | +24.1% |
| Tax-exempt reserves | 132 | €193,737 | €187,420 | -€6,318 | -3.3% |
| Distributable reserves | 133 | €308 | €308 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,206 | €37,250 | +€49,456 | |
| Provisions and deferred taxes | 16 | €64,579 | €62,473 | -€2,106 | -3.3% |
| Deferred taxes | 168 | €64,579 | €62,473 | -€2,106 | -3.3% |
| Amounts payable | 17/49 | €687,933 | €720,686 | +€32,753 | +4.8% |
| Amounts payable after more than one year | 17 | €598,354 | €619,073 | +€20,719 | +3.5% |
| Financial debts | 170/4 | €569,024 | €584,647 | +€15,622 | +2.7% |
| Other amounts payable | 178/9 | €29,330 | €34,426 | +€5,096 | +17.4% |
| Amounts payable within one year | 42/48 | €89,579 | €101,613 | +€12,034 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €62,421 | €58,078 | -€4,344 | -7.0% |
| Trade debts | 44 | €20,166 | €14,246 | -€5,920 | -29.4% |
| Suppliers | 440/4 | €20,166 | €14,246 | -€5,920 | -29.4% |
| Taxes, remuneration and social security | 45 | €5,320 | €19,070 | +€13,750 | +258% |
| Taxes | 450/3 | €5,320 | €19,070 | +€13,750 | +258% |
| Other amounts payable | 47/48 | €1,672 | €10,220 | +€8,548 | +511% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,329 | €65,779 | +€3,449 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,172 | -€8,517 | -€17,690 | |
| Other operating charges | 640/8 | €15,573 | €25,649 | +€10,076 | +64.7% |
| Gross operating margin | 9900 | €183,484 | €159,668 | -€23,816 | -13.0% |
| Operating profit (loss) | 9901 | €96,410 | €76,758 | -€19,652 | -20.4% |
| Financial income | 75/76B | €775 | €2,625 | +€1,850 | +239% |
| Recurring financial income | 75 | €775 | €2,625 | +€1,850 | +239% |
| Financial charges | 65/66B | €22,269 | €19,013 | -€3,255 | -14.6% |
| Recurring financial charges | 65 | €22,269 | €19,013 | -€3,255 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €74,916 | €60,369 | -€14,547 | -19.4% |
| Transfer from deferred taxes | 780 | €2,106 | €2,106 | = | 0.0% |
| Income taxes | 67/77 | €21,475 | €18,018 | -€3,456 | -16.1% |
| Profit (loss) for the period | 9904 | €55,547 | €44,457 | -€11,090 | -20.0% |
| Transfer from tax-exempt reserves | 789 | €6,318 | €6,318 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,864 | €50,774 | -€11,090 | -17.9% |
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 23 October 2026 via checked.be.