IMMO DVAC: 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.
IMMO DVAC
Largest movements
- Tangible fixed assets -€23,851
down €23,851 (-6.2%), from €382,892 to €359,041
- Debts after one year -€17,659
down €17,659 (-5.6%), from €314,919 to €297,260
- Gross operating margin -€29,166
down €29,166 (-47.3%), from €61,600 to €32,434
- Depreciation -€16,064
down €16,064 (-40.2%), from €39,915 to €23,851
- Financial charges -€11,934
down €11,934 (-56.6%), from €21,088 to €9,154
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.
Cash bridge derived
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 | €383,763 | €366,144 | -€17,619 | -4.6% |
| Fixed assets | 21/28 | €382,892 | €359,041 | -€23,851 | -6.2% |
| Tangible fixed assets | 22/27 | €382,892 | €359,041 | -€23,851 | -6.2% |
| Land and buildings | 22 | €382,892 | €359,041 | -€23,851 | -6.2% |
| Current assets | 29/58 | €871 | €7,102 | +€6,232 | +715.8% |
| Cash at bank and in hand | 54/58 | €871 | €3,544 | +€2,673 | +307.1% |
| Deferred charges and accrued income | 490/1 | - | €3,558 | +€3,558 | |
| Total equity and liabilities | 10/49 | €383,763 | €366,144 | -€17,619 | -4.6% |
| Equity | 10/15 | €24 | -€2,735 | -€2,760 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,976 | -€4,735 | -€2,760 | -139.7% |
| Amounts payable | 17/49 | €383,738 | €368,879 | -€14,859 | -3.9% |
| Amounts payable after more than one year | 17 | €314,919 | €297,260 | -€17,659 | -5.6% |
| Financial debts | 170/4 | €314,919 | €297,260 | -€17,659 | -5.6% |
| Amounts payable within one year | 42/48 | €68,820 | €71,619 | +€2,799 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €20,594 | €21,159 | +€565 | +2.7% |
| Trade debts | 44 | €226 | €2,460 | +€2,234 | +988.5% |
| Suppliers | 440/4 | €226 | €2,460 | +€2,234 | +988.5% |
| Other amounts payable | 47/48 | €48,000 | €48,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €868 | €387 | -€480 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,915 | €23,851 | -€16,064 | -40.2% |
| Other operating charges | 640/8 | €1,705 | €1,801 | +€96 | +5.6% |
| Gross operating margin | 9900 | €61,600 | €32,434 | -€29,166 | -47.3% |
| Operating profit (loss) | 9901 | €19,113 | €6,395 | -€12,718 | -66.5% |
| Financial charges | 65/66B | €21,088 | €9,154 | -€11,934 | -56.6% |
| Recurring financial charges | 65 | €21,088 | €9,154 | -€11,934 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,976 | -€2,760 | -€784 | -39.7% |
| Profit (loss) for the period | 9904 | -€1,976 | -€2,760 | -€784 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,976 | -€2,760 | -€784 | -39.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.