IMMO DVR: 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 DVR
Largest movements
- Tangible fixed assets -€34,281
down €34,281 (-4.8%), from €707,426 to €673,145
- Cash +€18,533
up €18,533 (+127.0%), from €14,598 to €33,130
mainly Net result for the year (+€52,374) and Depreciation (+€34,281)
- Receivables within one year -€15,616
down €15,616 (-27.6%), from €56,618 to €41,002
of which Trade receivables: -€25,730
- Debts after one year -€45,588
down €45,588 (-23.4%), from €195,033 to €149,446
- Other debts +€31,364
up €31,364 (+409.6%), from €7,657 to €39,021
- Accrued charges and deferred income -€24,000
down €24,000 (-100.0%), from €24,000 to €0
- Trade debts -€13,463
down €13,463 (-100.0%), from €13,463 to €0
- Reserves +€10,486
up €10,486 (+10.0%), from €104,380 to €114,865
of which Distributable reserves: +€10,486
- Gross operating margin +€22,927
up €22,927 (+21.8%), from €104,948 to €127,875
- Taxes +€3,765
up €3,765 (+24.3%), from €15,468 to €19,233
- Financial charges -€1,735
down €1,735 (-17.1%), from €10,146 to €8,411
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 | €778,642 | €747,278 | -€31,365 | -4.0% |
| Fixed assets | 21/28 | €707,426 | €673,145 | -€34,281 | -4.8% |
| Tangible fixed assets | 22/27 | €707,426 | €673,145 | -€34,281 | -4.8% |
| Land and buildings | 22 | €707,426 | €673,145 | -€34,281 | -4.8% |
| Current assets | 29/58 | €71,216 | €74,132 | +€2,916 | +4.1% |
| Amounts receivable within one year | 40/41 | €56,618 | €41,002 | -€15,616 | -27.6% |
| Trade receivables | 40 | €25,730 | €0 | -€25,730 | -100.0% |
| Other amounts receivable | 41 | €30,889 | €41,002 | +€10,114 | +32.7% |
| Cash at bank and in hand | 54/58 | €14,598 | €33,130 | +€18,533 | +127.0% |
| Total equity and liabilities | 10/49 | €778,642 | €747,278 | -€31,365 | -4.0% |
| Equity | 10/15 | €473,841 | €484,326 | +€10,486 | +2.2% |
| Contributions | 10/11 | €349,000 | €349,000 | = | 0.0% |
| Reserves | 13 | €104,380 | €114,865 | +€10,486 | +10.0% |
| Tax-exempt reserves | 132 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €101,180 | €111,665 | +€10,486 | +10.4% |
| Profit (loss) carried forward | 14 | €20,461 | €20,461 | = | 0.0% |
| Amounts payable | 17/49 | €304,802 | €262,951 | -€41,850 | -13.7% |
| Amounts payable after more than one year | 17 | €195,033 | €149,446 | -€45,588 | -23.4% |
| Financial debts | 170/4 | €195,033 | €149,446 | -€45,588 | -23.4% |
| Amounts payable within one year | 42/48 | €85,768 | €113,506 | +€27,737 | +32.3% |
| Current portion of amounts payable after more than one year | 42 | €45,078 | €46,863 | +€1,786 | +4.0% |
| Trade debts | 44 | €13,463 | €0 | -€13,463 | -100.0% |
| Suppliers | 440/4 | €13,463 | €0 | -€13,463 | -100.0% |
| Taxes, remuneration and social security | 45 | €19,570 | €27,621 | +€8,051 | +41.1% |
| Taxes | 450/3 | €19,570 | €27,621 | +€8,051 | +41.1% |
| Other amounts payable | 47/48 | €7,657 | €39,021 | +€31,364 | +409.6% |
| Accrued charges and deferred income | 492/3 | €24,000 | €0 | -€24,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,281 | €34,281 | = | 0.0% |
| Other operating charges | 640/8 | €13,252 | €13,669 | +€416 | +3.1% |
| Gross operating margin | 9900 | €104,948 | €127,875 | +€22,927 | +21.8% |
| Operating profit (loss) | 9901 | €57,415 | €79,925 | +€22,510 | +39.2% |
| Financial income | 75/76B | €75 | €93 | +€18 | +23.5% |
| Recurring financial income | 75 | €75 | €93 | +€18 | +23.5% |
| Financial charges | 65/66B | €10,146 | €8,411 | -€1,735 | -17.1% |
| Recurring financial charges | 65 | €10,146 | €8,411 | -€1,735 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €47,344 | €71,607 | +€24,263 | +51.2% |
| Income taxes | 67/77 | €15,468 | €19,233 | +€3,765 | +24.3% |
| Profit (loss) for the period | 9904 | €31,876 | €52,374 | +€20,498 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,876 | €52,374 | +€20,498 | +64.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.