IMMO DX: 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 DX
Largest movements
- Cash -€62,350
down €62,350 (-68.4%), from €91,120 to €28,770
mainly Investment in fixed assets (net) (-€122,422) and Debts after one year (-€119,839)
- Receivables within one year -€26,268
down €26,268 (-74.4%), from €35,311 to €9,042
of which Trade receivables: -€31,268
- Debts after one year -€119,839
down €119,839 (-20.0%), from €599,061 to €479,222
of which Financial debts: -€111,883
- Reserves +€32,262
up €32,262 (+6.0%), from €539,125 to €571,387
of which Distributable reserves: +€32,262
- Gross operating margin -€7,367
down €7,367 (-3.5%), from €209,657 to €202,291
- Other operating charges +€4,108
up €4,108 (+20.8%), from €19,718 to €23,826
- Depreciation +€2,188
up €2,188 (+1.7%), from €131,016 to €133,204
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 | €1,741,107 | €1,649,555 | -€91,552 | -5.3% |
| Fixed assets | 21/28 | €1,609,980 | €1,599,198 | -€10,781 | -0.7% |
| Tangible fixed assets | 22/27 | €1,607,501 | €1,596,719 | -€10,781 | -0.7% |
| Land and buildings | 22 | €1,499,029 | €1,417,299 | -€81,730 | -5.5% |
| Plant, machinery and equipment | 23 | €108,168 | €172,918 | +€64,750 | +59.9% |
| Furniture and vehicles | 24 | €304 | €6,502 | +€6,199 | +2041.7% |
| Financial fixed assets | 28 | €2,479 | €2,479 | = | 0.0% |
| Current assets | 29/58 | €131,127 | €50,357 | -€80,770 | -61.6% |
| Amounts receivable within one year | 40/41 | €35,311 | €9,042 | -€26,268 | -74.4% |
| Trade receivables | 40 | €35,311 | €4,042 | -€31,268 | -88.6% |
| Other amounts receivable | 41 | €0 | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €91,120 | €28,770 | -€62,350 | -68.4% |
| Deferred charges and accrued income | 490/1 | €4,696 | €12,545 | +€7,848 | +167.1% |
| Total equity and liabilities | 10/49 | €1,741,107 | €1,649,555 | -€91,552 | -5.3% |
| Equity | 10/15 | €1,000,725 | €1,032,987 | +€32,262 | +3.2% |
| Contributions | 10/11 | €461,600 | €461,600 | = | 0.0% |
| Capital | 10 | €461,600 | €461,600 | = | 0.0% |
| Issued capital | 100 | €461,600 | €461,600 | = | 0.0% |
| Reserves | 13 | €539,125 | €571,387 | +€32,262 | +6.0% |
| Non-distributable reserves | 130/1 | €48,924 | €48,924 | = | 0.0% |
| Legal reserve | 130 | €46,160 | €46,160 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,764 | €2,764 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €490,201 | €522,463 | +€32,262 | +6.6% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €740,382 | €616,568 | -€123,814 | -16.7% |
| Amounts payable after more than one year | 17 | €599,061 | €479,222 | -€119,839 | -20.0% |
| Financial debts | 170/4 | €550,305 | €438,423 | -€111,883 | -20.3% |
| Other amounts payable | 178/9 | €48,756 | €40,799 | -€7,957 | -16.3% |
| Amounts payable within one year | 42/48 | €141,321 | €137,346 | -€3,975 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €109,839 | €111,883 | +€2,044 | +1.9% |
| Trade debts | 44 | €23,432 | €11,041 | -€12,391 | -52.9% |
| Suppliers | 440/4 | €23,432 | €11,041 | -€12,391 | -52.9% |
| Taxes, remuneration and social security | 45 | €8,051 | €14,423 | +€6,372 | +79.2% |
| Taxes | 450/3 | €8,051 | €14,423 | +€6,372 | +79.2% |
| Non-recurring operating income | 76A | - | €800 | +€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,016 | €133,204 | +€2,188 | +1.7% |
| Other operating charges | 640/8 | €19,718 | €23,826 | +€4,108 | +20.8% |
| Gross operating margin | 9900 | €209,657 | €202,291 | -€7,367 | -3.5% |
| Operating profit (loss) | 9901 | €58,923 | €45,261 | -€13,662 | -23.2% |
| Financial income | 75/76B | €313 | €0 | -€313 | -100.0% |
| Recurring financial income | 75 | €313 | €0 | -€313 | -100.0% |
| Financial charges | 65/66B | €14,961 | €12,998 | -€1,962 | -13.1% |
| Recurring financial charges | 65 | €14,961 | €12,998 | -€1,962 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €44,275 | €32,262 | -€12,013 | -27.1% |
| Transfer from deferred taxes | 780 | €1,294 | €0 | -€1,294 | -100.0% |
| Profit (loss) for the period | 9904 | €45,569 | €32,262 | -€13,307 | -29.2% |
| Transfer from tax-exempt reserves | 789 | €2,512 | €0 | -€2,512 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,081 | €32,262 | -€15,819 | -32.9% |
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 1 October 2026 via checked.be.