CONSTANT 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.
CONSTANT IMMO
Largest movements
- Cash +€521,620
up €521,620 (+208573.1%), from €250 to €521,871
mainly Net result for the year (+€291,261) and Investment in fixed assets (net) (+€185,508)
- Financial fixed assets -€200,000
no longer reported in 2025 (was €200,000)
- Current investments -€50,092
no longer reported in 2025 (was €50,092)
- Profit (loss) carried forward +€291,261
up €291,261, from -€207,285 to €83,976
- Reserves +€162,703
up €162,703 (+58.9%), from €276,303 to €439,006
of which Distributable reserves: +€162,703
- Contributions -€145,203
down €145,203 (-45.0%), from €322,887 to €177,684
- Other debts -€19,500
no longer reported in 2025 (was €19,500)
- Revaluation surpluses -€17,500
down €17,500 (-5.3%), from €331,129 to €313,629
- Financial charges -€314,152
down €314,152 (-99.8%), from €314,865 to €713
of which Non-recurring financial charges: -€311,613
- Financial income +€265,560
up €265,560 (+202116.0%), from €131 to €265,692
of which Non-recurring financial income: +€264,423
- Depreciation -€6,502
down €6,502 (-23.6%), from €27,567 to €21,065
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 | €749,007 | €1,014,344 | +€265,337 | +35.4% |
| Fixed assets | 21/28 | €696,466 | €489,892 | -€206,573 | -29.7% |
| Tangible fixed assets | 22/27 | €496,466 | €489,892 | -€6,573 | -1.3% |
| Land and buildings | 22 | €491,075 | €486,227 | -€4,848 | -1.0% |
| Plant, machinery and equipment | 23 | €5,391 | €3,666 | -€1,725 | -32.0% |
| Financial fixed assets | 28 | €200,000 | - | -€200,000 | |
| Current assets | 29/58 | €52,541 | €524,452 | +€471,910 | +898.2% |
| Amounts receivable within one year | 40/41 | €295 | €666 | +€370 | +125.3% |
| Trade receivables | 40 | €295 | €285 | -€10 | -3.5% |
| Other amounts receivable | 41 | - | €381 | +€381 | |
| Current investments | 50/53 | €50,092 | - | -€50,092 | |
| Cash at bank and in hand | 54/58 | €250 | €521,871 | +€521,620 | +208573.1% |
| Deferred charges and accrued income | 490/1 | €1,904 | €1,915 | +€12 | +0.6% |
| Total equity and liabilities | 10/49 | €749,007 | €1,014,344 | +€265,337 | +35.4% |
| Equity | 10/15 | €723,034 | €1,014,295 | +€291,261 | +40.3% |
| Contributions | 10/11 | €322,887 | €177,684 | -€145,203 | -45.0% |
| Outside capital | 11 | €322,887 | €177,684 | -€145,203 | -45.0% |
| Other | 1109/19 | €322,887 | €177,684 | -€145,203 | -45.0% |
| Revaluation surpluses | 12 | €331,129 | €313,629 | -€17,500 | -5.3% |
| Reserves | 13 | €276,303 | €439,006 | +€162,703 | +58.9% |
| Non-distributable reserves | 130/1 | €10,143 | €10,143 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,143 | €10,143 | = | 0.0% |
| Distributable reserves | 133 | €266,160 | €428,863 | +€162,703 | +61.1% |
| Profit (loss) carried forward | 14 | -€207,285 | €83,976 | +€291,261 | |
| Amounts payable | 17/49 | €25,973 | €49 | -€25,923 | -99.8% |
| Amounts payable within one year | 42/48 | €25,973 | €49 | -€25,923 | -99.8% |
| Trade debts | 44 | €4,437 | - | -€4,437 | |
| Suppliers | 440/4 | €4,437 | - | -€4,437 | |
| Taxes, remuneration and social security | 45 | €2,035 | €49 | -€1,986 | -97.6% |
| Taxes | 450/3 | €2,035 | €49 | -€1,986 | -97.6% |
| Other amounts payable | 47/48 | €19,500 | - | -€19,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,567 | €21,065 | -€6,502 | -23.6% |
| Other operating charges | 640/8 | €12,090 | €12,470 | +€380 | +3.1% |
| Gross operating margin | 9900 | €60,092 | €59,817 | -€275 | -0.5% |
| Operating profit (loss) | 9901 | €20,435 | €26,282 | +€5,847 | +28.6% |
| Financial income | 75/76B | €131 | €265,692 | +€265,560 | +202116.0% |
| Recurring financial income | 75 | €131 | €1,269 | +€1,138 | +865.8% |
| Non-recurring financial income | 76B | - | €264,423 | +€264,423 | |
| Financial charges | 65/66B | €314,865 | €713 | -€314,152 | -99.8% |
| Recurring financial charges | 65 | €3,252 | €713 | -€2,539 | -78.1% |
| Non-recurring financial charges | 66B | €311,613 | - | -€311,613 | |
| Profit (loss) for the period before taxes | 9903 | -€294,298 | €291,261 | +€585,559 | |
| Profit (loss) for the period | 9904 | -€294,298 | €291,261 | +€585,559 | |
| Profit (loss) for the period to be appropriated | 9905 | -€294,298 | €291,261 | +€585,559 |
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 29 September 2026 via checked.be.