IMMOBILIERE DS: what changed
IMMOBILIERE DS
Largest movements
- Tangible fixed assets -€144,716
down €144,716 (-31.5%), from €458,807 to €314,090
of which Land and buildings: -€176,541
- Cash +€68,955
up €68,955 (+8,636%), from €798 to €69,754
mainly Other debts (+€220,789) and Investment in fixed assets (net) (+€134,477)
- Receivables within one year +€46,578
up €46,578 (+180%), from €25,857 to €72,436
- Debts after one year -€417,490
no longer reported in 2025 (was €417,490)
- Other debts +€220,789
up €220,789 (+201%), from €110,098 to €330,887
- Profit (loss) carried forward +€93,955
up €93,955 (+92.4%), from -€101,733 to -€7,778
- Tax, wage and social debts +€80,227
up €80,227 (+7,642%), from €1,050 to €81,277
- Trade debts -€6,664
down €6,664 (-77.9%), from €8,558 to €1,894
- Turnover +€349,316
new in 2025: €349,316
- Gross operating margin +€157,992
up €157,992, from -€53,309 to €104,683
- Purchases and services -€53,309
no longer reported in 2025 (was €53,309)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,462 | €456,280 | -€29,183 | -6.0% |
| Fixed assets | 21/28 | €458,807 | €314,090 | -€144,716 | -31.5% |
| Tangible fixed assets | 22/27 | €458,807 | €314,090 | -€144,716 | -31.5% |
| Land and buildings | 22 | €458,807 | €282,266 | -€176,541 | -38.5% |
| Furniture and vehicles | 24 | - | €31,825 | +€31,825 | |
| Current assets | 29/58 | €26,656 | €142,189 | +€115,534 | +433% |
| Amounts receivable within one year | 40/41 | €25,857 | €72,436 | +€46,578 | +180% |
| Other amounts receivable | 41 | €25,857 | €72,436 | +€46,578 | +180% |
| Cash at bank and in hand | 54/58 | €798 | €69,754 | +€68,955 | +8,636% |
| Total equity and liabilities | 10/49 | €485,462 | €456,280 | -€29,183 | -6.0% |
| Equity | 10/15 | -€51,733 | €42,222 | +€93,955 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€101,733 | -€7,778 | +€93,955 | +92.4% |
| Amounts payable | 17/49 | €537,195 | €414,057 | -€123,138 | -22.9% |
| Amounts payable after more than one year | 17 | €417,490 | - | -€417,490 | |
| Financial debts | 170/4 | €417,490 | - | -€417,490 | |
| Amounts payable within one year | 42/48 | €119,706 | €414,057 | +€294,352 | +246% |
| Trade debts | 44 | €8,558 | €1,894 | -€6,664 | -77.9% |
| Suppliers | 440/4 | €8,558 | €1,894 | -€6,664 | -77.9% |
| Taxes, remuneration and social security | 45 | €1,050 | €81,277 | +€80,227 | +7,642% |
| Taxes | 450/3 | €1,050 | €81,277 | +€80,227 | +7,642% |
| Other amounts payable | 47/48 | €110,098 | €330,887 | +€220,789 | +201% |
| Turnover | 70 | - | €349,316 | +€349,316 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,309 | - | -€53,309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,902 | €10,239 | -€2,663 | -20.6% |
| Other operating charges | 640/8 | €408 | - | -€408 | |
| Gross operating margin | 9900 | -€53,309 | €104,683 | +€157,992 | |
| Operating profit (loss) | 9901 | -€66,619 | €94,444 | +€161,063 | |
| Financial charges | 65/66B | €178 | €489 | +€311 | +175% |
| Recurring financial charges | 65 | €178 | €489 | +€311 | +175% |
| Profit (loss) for the period before taxes | 9903 | -€66,797 | €93,955 | +€160,752 | |
| Profit (loss) for the period | 9904 | -€66,797 | €93,955 | +€160,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€66,797 | €93,955 | +€160,752 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.