BS IMMO: 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.
BS IMMO
Largest movements
- Tangible fixed assets -€9,182
down €9,182 (-4.1%), from €221,712 to €212,530
of which Land and buildings: -€5,168
- Receivables within one year -€7,136
down €7,136 (-76.6%), from €9,319 to €2,183
of which Trade receivables: -€5,564
- Cash +€4,603
up €4,603 (+580.2%), from €793 to €5,396
mainly Depreciation (+€9,182) and Receivables within one year (+€7,136)
- Debts after one year -€8,658
down €8,658 (-6.0%), from €143,191 to €134,533
of which Financial debts: -€8,658
- Profit (loss) carried forward -€3,675
down €3,675 (-18.1%), from -€20,290 to -€23,966
- Gross operating margin +€15,999
up €15,999 (+306.5%), from €5,220 to €21,219
- Depreciation +€2,215
up €2,215 (+31.8%), from €6,967 to €9,182
- Financial charges -€1,497
down €1,497 (-18.0%), from €8,326 to €6,829
- Other operating charges -€1,334
down €1,334 (-13.1%), from €10,217 to €8,883
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 | €242,828 | €231,808 | -€11,020 | -4.5% |
| Fixed assets | 21/28 | €222,162 | €212,980 | -€9,182 | -4.1% |
| Tangible fixed assets | 22/27 | €221,712 | €212,530 | -€9,182 | -4.1% |
| Land and buildings | 22 | €189,902 | €184,734 | -€5,168 | -2.7% |
| Furniture and vehicles | 24 | €4,640 | €3,547 | -€1,093 | -23.6% |
| Other tangible fixed assets | 26 | €27,170 | €24,249 | -€2,921 | -10.8% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €20,666 | €18,828 | -€1,838 | -8.9% |
| Stocks and contracts in progress | 3 | €10,554 | €11,249 | +€695 | +6.6% |
| Stocks | 30/36 | €10,554 | €11,249 | +€695 | +6.6% |
| Amounts receivable within one year | 40/41 | €9,319 | €2,183 | -€7,136 | -76.6% |
| Trade receivables | 40 | €7,747 | €2,183 | -€5,564 | -71.8% |
| Other amounts receivable | 41 | €1,572 | - | -€1,572 | |
| Cash at bank and in hand | 54/58 | €793 | €5,396 | +€4,603 | +580.2% |
| Total equity and liabilities | 10/49 | €242,828 | €231,808 | -€11,020 | -4.5% |
| Equity | 10/15 | -€18,290 | -€21,966 | -€3,675 | -20.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,290 | -€23,966 | -€3,675 | -18.1% |
| Amounts payable | 17/49 | €261,118 | €253,773 | -€7,345 | -2.8% |
| Amounts payable after more than one year | 17 | €143,191 | €134,533 | -€8,658 | -6.0% |
| Financial debts | 170/4 | €142,391 | €133,733 | -€8,658 | -6.1% |
| Other amounts payable | 178/9 | €800 | €800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €117,927 | €119,240 | +€1,313 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €8,317 | €8,658 | +€340 | +4.1% |
| Trade debts | 44 | €14,182 | €13,422 | -€759 | -5.4% |
| Suppliers | 440/4 | €14,182 | €13,422 | -€759 | -5.4% |
| Taxes, remuneration and social security | 45 | €292 | €1,093 | +€801 | +274.2% |
| Taxes | 450/3 | €292 | €1,093 | +€801 | +274.2% |
| Other amounts payable | 47/48 | €95,136 | €96,067 | +€931 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,967 | €9,182 | +€2,215 | +31.8% |
| Other operating charges | 640/8 | €10,217 | €8,883 | -€1,334 | -13.1% |
| Gross operating margin | 9900 | €5,220 | €21,219 | +€15,999 | +306.5% |
| Operating profit (loss) | 9901 | -€11,965 | €3,153 | +€15,118 | |
| Financial charges | 65/66B | €8,326 | €6,829 | -€1,497 | -18.0% |
| Recurring financial charges | 65 | €8,326 | €6,829 | -€1,497 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,290 | -€3,675 | +€16,615 | +81.9% |
| Profit (loss) for the period | 9904 | -€20,290 | -€3,675 | +€16,615 | +81.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,290 | -€3,675 | +€16,615 | +81.9% |
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 8 October 2026 via checked.be.