Immo Duchastière: 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 Duchastière
Largest movements
- Tangible fixed assets +€277,037
up €277,037 (+18.2%), from €1.5m to €1.8m
of which Land and buildings: +€219,756
- Cash -€144,427
down €144,427 (-62.6%), from €230,590 to €86,164
mainly Investment in fixed assets (net) (-€332,707) and Net result for the year (-€90,189)
- Debts after one year +€220,435
up €220,435 (+11.1%), from €2.0m to €2.2m
of which Other amounts payable: +€264,020
- Profit (loss) carried forward -€90,189
down €90,189 (-18.9%), from -€477,197 to -€567,386
- Gross operating margin +€16,766
up €16,766 (+61.5%), from -€27,246 to -€10,480
- Depreciation -€5,296
down €5,296 (-8.7%), from €60,966 to €55,670
- Other operating charges -€2,686
down €2,686 (-41.5%), from €6,479 to €3,793
- Financial charges -€1,035
down €1,035 (-4.9%), from €21,280 to €20,245
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 | €1,755,828 | €1,885,963 | +€130,135 | +7.4% |
| Fixed assets | 21/28 | €1,519,778 | €1,796,814 | +€277,037 | +18.2% |
| Tangible fixed assets | 22/27 | €1,519,778 | €1,796,814 | +€277,037 | +18.2% |
| Land and buildings | 22 | €1,466,730 | €1,686,486 | +€219,756 | +15.0% |
| Plant, machinery and equipment | 23 | €4,537 | €3,579 | -€957 | -21.1% |
| Furniture and vehicles | 24 | €48,510 | €28,946 | -€19,565 | -40.3% |
| Assets under construction and advance payments | 27 | - | €77,803 | +€77,803 | |
| Current assets | 29/58 | €236,050 | €89,148 | -€146,902 | -62.2% |
| Amounts receivable within one year | 40/41 | €2,565 | - | -€2,565 | |
| Trade receivables | 40 | €2,565 | - | -€2,565 | |
| Cash at bank and in hand | 54/58 | €230,590 | €86,164 | -€144,427 | -62.6% |
| Deferred charges and accrued income | 490/1 | €2,895 | €2,985 | +€90 | +3.1% |
| Total equity and liabilities | 10/49 | €1,755,828 | €1,885,963 | +€130,135 | +7.4% |
| Equity | 10/15 | -€277,197 | -€367,386 | -€90,189 | -32.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€477,197 | -€567,386 | -€90,189 | -18.9% |
| Amounts payable | 17/49 | €2,033,024 | €2,253,348 | +€220,324 | +10.8% |
| Amounts payable after more than one year | 17 | €1,985,904 | €2,206,340 | +€220,435 | +11.1% |
| Financial debts | 170/4 | €858,029 | €814,445 | -€43,585 | -5.1% |
| Other amounts payable | 178/9 | €1,127,875 | €1,391,895 | +€264,020 | +23.4% |
| Amounts payable within one year | 42/48 | €47,120 | €47,009 | -€111 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €42,663 | €43,585 | +€922 | +2.2% |
| Trade debts | 44 | €2,100 | €3,424 | +€1,324 | +63.1% |
| Suppliers | 440/4 | €2,100 | €3,424 | +€1,324 | +63.1% |
| Taxes, remuneration and social security | 45 | €2,357 | - | -€2,357 | |
| Taxes | 450/3 | €2,357 | - | -€2,357 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,966 | €55,670 | -€5,296 | -8.7% |
| Other operating charges | 640/8 | €6,479 | €3,793 | -€2,686 | -41.5% |
| Gross operating margin | 9900 | -€27,246 | -€10,480 | +€16,766 | +61.5% |
| Operating profit (loss) | 9901 | -€94,692 | -€69,944 | +€24,748 | +26.1% |
| Financial charges | 65/66B | €21,280 | €20,245 | -€1,035 | -4.9% |
| Recurring financial charges | 65 | €21,280 | €20,245 | -€1,035 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€115,972 | -€90,189 | +€25,783 | +22.2% |
| Profit (loss) for the period | 9904 | -€115,972 | -€90,189 | +€25,783 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€115,972 | -€90,189 | +€25,783 | +22.2% |
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 17 October 2026 via checked.be.