13IMMO: 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.
13IMMO
Largest movements
- Cash -€139,813
down €139,813 (-76.6%), from €182,431 to €42,618
mainly Current investments (-€111,037) and Other debts (-€90,392)
- Current investments +€111,037
up €111,037 (+26.4%), from €420,162 to €531,199
- Stocks and contracts -€68,000
down €68,000 (-41.1%), from €165,436 to €97,436
- Tangible fixed assets -€55,840
down €55,840 (-13.1%), from €427,804 to €371,964
of which Land and buildings: -€53,551
- Other debts -€90,392
down €90,392 (-5.2%), from €1.7m to €1.7m
- Tax, wage and social debts -€17,056
no longer reported in 2025 (was €17,056)
of which Taxes: -€14,318
- Current portion of long-term debt -€15,224
down €15,224 (-54.7%), from €27,808 to €12,584
- Staff costs -€50,009
down €50,009 (-79.4%), from €62,958 to €12,950
- Financial income -€49,282
down €49,282 (-97.6%), from €50,498 to €1,215
of which Non-recurring financial income: -€48,483
- Other operating charges -€33,545
down €33,545 (-77.0%), from €43,558 to €10,013
- Depreciation -€11,933
down €11,933 (-16.8%), from €71,218 to €59,285
- Gross operating margin -€7,808
down €7,808 (-9.1%), from €85,993 to €78,185
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 | €1,483,818 | €1,333,296 | -€150,522 | -10.1% |
| Fixed assets | 21/28 | €429,104 | €373,264 | -€55,840 | -13.0% |
| Tangible fixed assets | 22/27 | €427,804 | €371,964 | -€55,840 | -13.1% |
| Land and buildings | 22 | €419,680 | €366,129 | -€53,551 | -12.8% |
| Plant, machinery and equipment | 23 | €1,291 | €1,011 | -€280 | -21.7% |
| Furniture and vehicles | 24 | €6,833 | €4,825 | -€2,008 | -29.4% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €1,054,714 | €960,032 | -€94,682 | -9.0% |
| Stocks and contracts in progress | 3 | €165,436 | €97,436 | -€68,000 | -41.1% |
| Stocks | 30/36 | €165,436 | €97,436 | -€68,000 | -41.1% |
| Amounts receivable within one year | 40/41 | €277,197 | €277,182 | -€14 | 0.0% |
| Trade receivables | 40 | €10,712 | €4,125 | -€6,587 | -61.5% |
| Other amounts receivable | 41 | €266,485 | €273,057 | +€6,572 | +2.5% |
| Current investments | 50/53 | €420,162 | €531,199 | +€111,037 | +26.4% |
| Cash at bank and in hand | 54/58 | €182,431 | €42,618 | -€139,813 | -76.6% |
| Deferred charges and accrued income | 490/1 | €9,488 | €11,596 | +€2,108 | +22.2% |
| Total equity and liabilities | 10/49 | €1,483,818 | €1,333,296 | -€150,522 | -10.1% |
| Equity | 10/15 | -€340,728 | -€348,042 | -€7,315 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,843 | €3,843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €1,983 | €3,843 | +€1,860 | +93.8% |
| Profit (loss) carried forward | 14 | -€363,171 | -€370,485 | -€7,315 | -2.0% |
| Amounts payable | 17/49 | €1,824,545 | €1,681,338 | -€143,207 | -7.8% |
| Amounts payable after more than one year | 17 | €12,580 | - | -€12,580 | |
| Financial debts | 170/4 | €12,580 | - | -€12,580 | |
| Amounts payable within one year | 42/48 | €1,804,884 | €1,681,338 | -€123,545 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €27,808 | €12,584 | -€15,224 | -54.7% |
| Trade debts | 44 | €10,726 | €9,854 | -€873 | -8.1% |
| Suppliers | 440/4 | €10,726 | €9,854 | -€873 | -8.1% |
| Taxes, remuneration and social security | 45 | €17,056 | - | -€17,056 | |
| Taxes | 450/3 | €14,318 | - | -€14,318 | |
| Remuneration and social security | 454/9 | €2,739 | - | -€2,739 | |
| Other amounts payable | 47/48 | €1,749,293 | €1,658,901 | -€90,392 | -5.2% |
| Accrued charges and deferred income | 492/3 | €7,082 | - | -€7,082 | |
| Remuneration, social security and pensions | 62 | €62,958 | €12,950 | -€50,009 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,218 | €59,285 | -€11,933 | -16.8% |
| Other operating charges | 640/8 | €43,558 | €10,013 | -€33,545 | -77.0% |
| Gross operating margin | 9900 | €85,993 | €78,185 | -€7,808 | -9.1% |
| Operating profit (loss) | 9901 | -€91,742 | -€4,063 | +€87,679 | +95.6% |
| Financial income | 75/76B | €50,498 | €1,215 | -€49,282 | -97.6% |
| Recurring financial income | 75 | €2,015 | €1,215 | -€800 | -39.7% |
| Non-recurring financial income | 76B | €48,483 | - | -€48,483 | |
| Financial charges | 65/66B | €5,268 | €4,103 | -€1,166 | -22.1% |
| Recurring financial charges | 65 | €5,268 | €4,103 | -€1,166 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,512 | -€6,950 | +€39,562 | +85.1% |
| Income taxes | 67/77 | €4,106 | €365 | -€3,742 | -91.1% |
| Profit (loss) for the period | 9904 | -€50,619 | -€7,315 | +€43,304 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,619 | -€7,315 | +€43,304 | +85.5% |
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 11 October 2026 via checked.be.