CO - 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.
CO - IMMO
Largest movements
- Tangible fixed assets -€28,802
down €28,802 (-11.0%), from €260,708 to €231,906
- Receivables within one year +€13,489
up €13,489 (+30.7%), from €43,987 to €57,477
of which Other amounts receivable: +€14,401
- Current portion of long-term debt -€29,719
down €29,719 (-83.3%), from €35,663 to €5,944
- Reserves +€16,663
up €16,663 (+16.9%), from €98,478 to €115,141
of which Non-distributable reserves: +€25,005
- Debts after one year -€5,944
no longer reported in 2025 (was €5,944)
- Gross operating margin +€16,475
up €16,475 (+23.7%), from €69,626 to €86,101
- Taxes +€3,705
up €3,705 (+71.5%), from €5,183 to €8,888
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 | €335,955 | €321,483 | -€14,472 | -4.3% |
| Fixed assets | 21/28 | €260,708 | €231,906 | -€28,802 | -11.0% |
| Tangible fixed assets | 22/27 | €260,708 | €231,906 | -€28,802 | -11.0% |
| Land and buildings | 22 | €260,708 | €231,906 | -€28,802 | -11.0% |
| Current assets | 29/58 | €75,247 | €89,577 | +€14,330 | +19.0% |
| Amounts receivable within one year | 40/41 | €43,987 | €57,477 | +€13,489 | +30.7% |
| Trade receivables | 40 | €2,084 | €1,172 | -€912 | -43.7% |
| Other amounts receivable | 41 | €41,904 | €56,304 | +€14,401 | +34.4% |
| Cash at bank and in hand | 54/58 | €29,258 | €30,089 | +€831 | +2.8% |
| Deferred charges and accrued income | 490/1 | €2,002 | €2,011 | +€9 | +0.5% |
| Total equity and liabilities | 10/49 | €335,955 | €321,483 | -€14,472 | -4.3% |
| Equity | 10/15 | €223,478 | €240,141 | +€16,663 | +7.5% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €98,478 | €115,141 | +€16,663 | +16.9% |
| Non-distributable reserves | 130/1 | €90,137 | €115,141 | +€25,005 | +27.7% |
| Legal reserve | 130 | €9,174 | €11,257 | +€2,083 | +22.7% |
| Other | 1319 | €80,963 | €103,884 | +€22,922 | +28.3% |
| Distributable reserves | 133 | €8,342 | - | -€8,342 | |
| Amounts payable | 17/49 | €112,477 | €81,342 | -€31,135 | -27.7% |
| Amounts payable after more than one year | 17 | €5,944 | - | -€5,944 | |
| Financial debts | 170/4 | €5,944 | - | -€5,944 | |
| Amounts payable within one year | 42/48 | €106,533 | €81,342 | -€25,191 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €35,663 | €5,944 | -€29,719 | -83.3% |
| Trade debts | 44 | €870 | €4,010 | +€3,140 | +360.9% |
| Suppliers | 440/4 | €870 | €4,010 | +€3,140 | +360.9% |
| Taxes, remuneration and social security | 45 | - | €1,388 | +€1,388 | |
| Taxes | 450/3 | - | €1,388 | +€1,388 | |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,802 | €28,802 | -€0 | 0.0% |
| Other operating charges | 640/8 | €8,044 | €8,378 | +€335 | +4.2% |
| Gross operating margin | 9900 | €69,626 | €86,101 | +€16,475 | +23.7% |
| Operating profit (loss) | 9901 | €32,780 | €48,921 | +€16,141 | +49.2% |
| Financial income | 75/76B | €2,002 | €2,011 | +€9 | +0.5% |
| Recurring financial income | 75 | €2,002 | €2,011 | +€9 | +0.5% |
| Financial charges | 65/66B | €690 | €380 | -€309 | -44.9% |
| Recurring financial charges | 65 | €690 | €380 | -€309 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €34,092 | €50,552 | +€16,460 | +48.3% |
| Income taxes | 67/77 | €5,183 | €8,888 | +€3,705 | +71.5% |
| Profit (loss) for the period | 9904 | €28,909 | €41,663 | +€12,754 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,909 | €41,663 | +€12,754 | +44.1% |
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 29 September 2026 via checked.be.