1.1618 IMMO: what changed
Two financial 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.
1.1618 IMMO
Largest movements
- Tangible fixed assets -€36,007
down €36,007 (-2.7%), from €1.3m to €1.3m
of which Land and buildings: -€35,357
- Debts after one year -€37,826
down €37,826 (-4.7%), from €811,948 to €774,123
- Profit (loss) carried forward -€35,632
down €35,632 (-33.1%), from -€107,564 to -€143,196
- Other debts +€18,180
up €18,180 (+6.2%), from €291,187 to €309,367
- Gross operating margin +€57,082
up €57,082 (+364%), from €15,679 to €72,762
- Depreciation +€11,759
up €11,759 (+30.0%), from €39,223 to €50,981
- Financial charges +€6,136
up €6,136 (+14.7%), from €41,887 to €48,023
- Financial income -€4,014
down €4,014 (-94.5%), from €4,249 to €236
of which Financial income: -€2,214
- Other operating charges +€1,721
up €1,721 (+22.7%), from €7,570 to €9,290
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.
Derived cash bridge
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 | €1,401,659 | €1,348,810 | -€52,849 | -3.8% |
| Formation expenses | 20 | €3,360 | €2,088 | -€1,272 | -37.9% |
| Fixed assets | 21/28 | €1,341,452 | €1,305,446 | -€36,007 | -2.7% |
| Tangible fixed assets | 22/27 | €1,341,452 | €1,305,446 | -€36,007 | -2.7% |
| Land and buildings | 22 | €1,338,970 | €1,303,613 | -€35,357 | -2.6% |
| Furniture and vehicles | 24 | €2,482 | €1,832 | -€650 | -26.2% |
| Current assets | 29/58 | €56,846 | €41,276 | -€15,570 | -27.4% |
| Amounts receivable within one year | 40/41 | €1,895 | €121 | -€1,774 | -93.6% |
| Trade receivables | 40 | €1,541 | - | -€1,541 | |
| Other amounts receivable | 41 | €354 | €121 | -€233 | -65.9% |
| Current investments | 50/53 | €8,001 | €8,001 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €46,951 | €33,154 | -€13,797 | -29.4% |
| Total equity and liabilities | 10/49 | €1,401,659 | €1,348,810 | -€52,849 | -3.8% |
| Equity | 10/15 | €252,436 | €216,804 | -€35,632 | -14.1% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,564 | -€143,196 | -€35,632 | -33.1% |
| Amounts payable | 17/49 | €1,149,223 | €1,132,005 | -€17,218 | -1.5% |
| Amounts payable after more than one year | 17 | €811,948 | €774,123 | -€37,826 | -4.7% |
| Financial debts | 170/4 | €811,948 | €774,123 | -€37,826 | -4.7% |
| Amounts payable within one year | 42/48 | €336,174 | €355,467 | +€19,293 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €36,697 | €37,826 | +€1,129 | +3.1% |
| Trade debts | 44 | €1,920 | €2,349 | +€429 | +22.3% |
| Suppliers | 440/4 | €1,920 | €2,349 | +€429 | +22.3% |
| Taxes, remuneration and social security | 45 | €6,369 | €5,925 | -€445 | -7.0% |
| Taxes | 450/3 | €6,369 | €5,925 | -€445 | -7.0% |
| Other amounts payable | 47/48 | €291,187 | €309,367 | +€18,180 | +6.2% |
| Accrued charges and deferred income | 492/3 | €1,101 | €2,416 | +€1,315 | +119% |
| Remuneration, social security and pensions | 62 | €387 | €998 | +€611 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,223 | €50,981 | +€11,759 | +30.0% |
| Other operating charges | 640/8 | €7,570 | €9,290 | +€1,721 | +22.7% |
| Gross operating margin | 9900 | €15,679 | €72,762 | +€57,082 | +364% |
| Operating profit (loss) | 9901 | -€31,500 | €11,492 | +€42,992 | |
| Financial income | 75/76B | €4,249 | €236 | -€4,014 | -94.5% |
| Recurring financial income | 75 | €2,449 | €236 | -€2,214 | -90.4% |
| Non-recurring financial income | 76B | €1,800 | - | -€1,800 | |
| Financial charges | 65/66B | €41,887 | €48,023 | +€6,136 | +14.7% |
| Recurring financial charges | 65 | €41,887 | €48,023 | +€6,136 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€69,138 | -€36,296 | +€32,842 | +47.5% |
| Income taxes | 67/77 | €735 | -€664 | -€1,399 | |
| Profit (loss) for the period | 9904 | -€69,872 | -€35,632 | +€34,241 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,872 | -€35,632 | +€34,241 | +49.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.