IMMO DUTRABO: 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 DUTRABO
Largest movements
- Tangible fixed assets -€12,895
down €12,895 (-2.7%), from €477,454 to €464,559
of which Land and buildings: -€12,428
- Cash +€8,721
up €8,721 (+92.5%), from €9,429 to €18,150
mainly Net result for the year (+€13,210) and Depreciation (+€12,895)
- Debts after one year -€17,980
down €17,980 (-4.0%), from €444,245 to €426,265
of which Financial debts: -€17,980
- Reserves +€13,210
up €13,210 (+77.8%), from €16,971 to €30,181
- Gross operating margin +€3,261
up €3,261 (+8.6%), from €37,933 to €41,194
- Taxes +€2,929
new in 2026: €2,929
- Depreciation +€451
up €451 (+3.6%), from €12,444 to €12,895
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,360 | €492,468 | -€2,892 | -0.6% |
| Fixed assets | 21/28 | €477,454 | €464,559 | -€12,895 | -2.7% |
| Tangible fixed assets | 22/27 | €477,454 | €464,559 | -€12,895 | -2.7% |
| Land and buildings | 22 | €475,277 | €462,849 | -€12,428 | -2.6% |
| Furniture and vehicles | 24 | €2,177 | €1,710 | -€467 | -21.5% |
| Current assets | 29/58 | €17,906 | €27,909 | +€10,003 | +55.9% |
| Amounts receivable within one year | 40/41 | €8,150 | €9,421 | +€1,271 | +15.6% |
| Trade receivables | 40 | €5,350 | €6,050 | +€700 | +13.1% |
| Other amounts receivable | 41 | €2,800 | €3,371 | +€571 | +20.4% |
| Cash at bank and in hand | 54/58 | €9,429 | €18,150 | +€8,721 | +92.5% |
| Deferred charges and accrued income | 490/1 | €327 | €338 | +€11 | +3.3% |
| Total equity and liabilities | 10/49 | €495,360 | €492,468 | -€2,892 | -0.6% |
| Equity | 10/15 | €19,971 | €33,181 | +€13,210 | +66.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €16,971 | €30,181 | +€13,210 | +77.8% |
| Distributable reserves | 133 | €16,971 | €30,181 | +€13,210 | +77.8% |
| Amounts payable | 17/49 | €475,389 | €459,286 | -€16,103 | -3.4% |
| Amounts payable after more than one year | 17 | €444,245 | €426,265 | -€17,980 | -4.0% |
| Financial debts | 170/4 | €400,745 | €382,765 | -€17,980 | -4.5% |
| Other amounts payable | 178/9 | €43,500 | €43,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,144 | €33,022 | +€1,878 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €17,629 | €17,980 | +€352 | +2.0% |
| Trade debts | 44 | €5,379 | €5,382 | +€3 | +0.1% |
| Suppliers | 440/4 | €5,379 | €5,382 | +€3 | +0.1% |
| Taxes, remuneration and social security | 45 | €1,797 | €1,994 | +€197 | +11.0% |
| Taxes | 450/3 | €1,797 | €1,994 | +€197 | +11.0% |
| Other amounts payable | 47/48 | €6,340 | €7,665 | +€1,325 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,444 | €12,895 | +€451 | +3.6% |
| Other operating charges | 640/8 | €3,792 | €3,910 | +€118 | +3.1% |
| Gross operating margin | 9900 | €37,933 | €41,194 | +€3,261 | +8.6% |
| Operating profit (loss) | 9901 | €21,697 | €24,389 | +€2,692 | +12.4% |
| Financial charges | 65/66B | €8,582 | €8,249 | -€332 | -3.9% |
| Recurring financial charges | 65 | €8,582 | €8,249 | -€332 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €13,115 | €16,140 | +€3,024 | +23.1% |
| Income taxes | 67/77 | - | €2,929 | +€2,929 | |
| Profit (loss) for the period | 9904 | €13,115 | €13,210 | +€95 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,115 | €13,210 | +€95 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.