Immo DWR: 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 DWR
Largest movements
- Tangible fixed assets -€101,556
down €101,556 (-6.4%), from €1.6m to €1.5m
of which Land and buildings: -€54,356
- Deferred charges and accrued income -€35,261
down €35,261 (-97.3%), from €36,231 to €970
- Cash +€24,786
up €24,786 (+124.8%), from €19,864 to €44,649
mainly Depreciation (+€101,556) and Deferred charges and accrued income (+€35,261)
- Debts after one year -€125,463
down €125,463 (-8.7%), from €1.4m to €1.3m
- Financial charges -€3,719
down €3,719 (-12.8%), from €29,139 to €25,420
- Depreciation +€2,147
up €2,147 (+2.2%), from €99,409 to €101,556
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 | €1,836,754 | €1,719,526 | -€117,228 | -6.4% |
| Fixed assets | 21/28 | €1,593,450 | €1,491,894 | -€101,556 | -6.4% |
| Tangible fixed assets | 22/27 | €1,593,450 | €1,491,894 | -€101,556 | -6.4% |
| Land and buildings | 22 | €1,295,871 | €1,241,515 | -€54,356 | -4.2% |
| Plant, machinery and equipment | 23 | €292,737 | €246,131 | -€46,606 | -15.9% |
| Furniture and vehicles | 24 | €4,842 | €4,247 | -€595 | -12.3% |
| Current assets | 29/58 | €243,304 | €227,633 | -€15,672 | -6.4% |
| Amounts receivable within one year | 40/41 | €187,210 | €182,013 | -€5,196 | -2.8% |
| Trade receivables | 40 | €164,000 | €164,000 | = | 0.0% |
| Other amounts receivable | 41 | €23,210 | €18,013 | -€5,196 | -22.4% |
| Cash at bank and in hand | 54/58 | €19,864 | €44,649 | +€24,786 | +124.8% |
| Deferred charges and accrued income | 490/1 | €36,231 | €970 | -€35,261 | -97.3% |
| Total equity and liabilities | 10/49 | €1,836,754 | €1,719,526 | -€117,228 | -6.4% |
| Equity | 10/15 | -€38,675 | -€32,990 | +€5,684 | +14.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,126 | €9,810 | +€5,684 | +137.8% |
| Distributable reserves | 133 | €4,126 | €9,810 | +€5,684 | +137.8% |
| Profit (loss) carried forward | 14 | -€44,800 | -€44,800 | = | 0.0% |
| Amounts payable | 17/49 | €1,875,429 | €1,752,516 | -€122,913 | -6.6% |
| Amounts payable after more than one year | 17 | €1,445,847 | €1,320,383 | -€125,463 | -8.7% |
| Financial debts | 170/4 | €1,445,847 | €1,320,383 | -€125,463 | -8.7% |
| Amounts payable within one year | 42/48 | €408,608 | €411,162 | +€2,554 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €88,229 | €89,876 | +€1,647 | +1.9% |
| Trade debts | 44 | €4,114 | €5,022 | +€908 | +22.1% |
| Suppliers | 440/4 | €4,114 | €5,022 | +€908 | +22.1% |
| Other amounts payable | 47/48 | €316,265 | €316,265 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €20,974 | €20,971 | -€4 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,409 | €101,556 | +€2,147 | +2.2% |
| Other operating charges | 640/8 | €3,759 | €3,951 | +€192 | +5.1% |
| Gross operating margin | 9900 | €136,433 | €136,612 | +€179 | +0.1% |
| Operating profit (loss) | 9901 | €33,265 | €31,105 | -€2,160 | -6.5% |
| Financial charges | 65/66B | €29,139 | €25,420 | -€3,719 | -12.8% |
| Recurring financial charges | 65 | €29,139 | €25,420 | -€3,719 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €4,126 | €5,684 | +€1,559 | +37.8% |
| Profit (loss) for the period | 9904 | €4,126 | €5,684 | +€1,559 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,126 | €5,684 | +€1,559 | +37.8% |
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 2 October 2026 via checked.be.