EK 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.
EK IMMO
Largest movements
- Receivables within one year -€58,805
down €58,805 (-100.0%), from €58,805 to €0
of which Trade receivables: -€57,302
- Tangible fixed assets -€30,574
down €30,574 (-7.2%), from €423,192 to €392,618
of which Land and buildings: -€21,474
- Cash -€22,433
down €22,433 (-77.0%), from €29,118 to €6,685
mainly Trade debts (-€79,545) and Contributions, distributions and other (-€73,500)
- Other debts +€122,350
new in 2025: €122,350
- Trade debts -€79,545
down €79,545 (-89.2%), from €89,152 to €9,607
- Debts after one year -€64,427
down €64,427 (-20.6%), from €313,150 to €248,723
of which Other amounts payable: -€90,400
- Profit (loss) carried forward -€64,009
down €64,009, from €50,626 to -€13,382
- Contributions -€18,599
down €18,599 (-100.0%), from €18,600 to €1
- Gross operating margin -€22,627
down €22,627 (-38.3%), from €59,062 to €36,435
- Depreciation +€9,100
up €9,100 (+42.4%), from €21,474 to €30,574
- Taxes -€5,997
down €5,997 (-100.0%), from €5,997 to €0
- Financial charges +€909
up €909 (+20.4%), from €4,452 to €5,361
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 | €515,715 | €399,303 | -€116,412 | -22.6% |
| Fixed assets | 21/28 | €423,192 | €392,618 | -€30,574 | -7.2% |
| Tangible fixed assets | 22/27 | €423,192 | €392,618 | -€30,574 | -7.2% |
| Land and buildings | 22 | €332,442 | €310,968 | -€21,474 | -6.5% |
| Furniture and vehicles | 24 | €90,750 | €81,650 | -€9,100 | -10.0% |
| Current assets | 29/58 | €92,523 | €6,685 | -€85,838 | -92.8% |
| Amounts receivable within one year | 40/41 | €58,805 | €0 | -€58,805 | -100.0% |
| Trade receivables | 40 | €57,302 | €0 | -€57,302 | -100.0% |
| Other amounts receivable | 41 | €1,503 | €0 | -€1,503 | -100.0% |
| Cash at bank and in hand | 54/58 | €29,118 | €6,685 | -€22,433 | -77.0% |
| Deferred charges and accrued income | 490/1 | €4,600 | €0 | -€4,600 | -100.0% |
| Total equity and liabilities | 10/49 | €515,715 | €399,303 | -€116,412 | -22.6% |
| Equity | 10/15 | €69,226 | -€13,381 | -€82,608 | |
| Contributions | 10/11 | €18,600 | €1 | -€18,599 | -100.0% |
| Profit (loss) carried forward | 14 | €50,626 | -€13,382 | -€64,009 | |
| Amounts payable | 17/49 | €446,489 | €412,684 | -€33,804 | -7.6% |
| Amounts payable after more than one year | 17 | €313,150 | €248,723 | -€64,427 | -20.6% |
| Financial debts | 170/4 | €222,750 | €248,723 | +€25,973 | +11.7% |
| Other amounts payable | 178/9 | €90,400 | €0 | -€90,400 | -100.0% |
| Amounts payable within one year | 42/48 | €116,152 | €163,961 | +€47,809 | +41.2% |
| Current portion of amounts payable after more than one year | 42 | €27,000 | €32,004 | +€5,004 | +18.5% |
| Trade debts | 44 | €89,152 | €9,607 | -€79,545 | -89.2% |
| Suppliers | 440/4 | €89,152 | €9,607 | -€79,545 | -89.2% |
| Other amounts payable | 47/48 | - | €122,350 | +€122,350 | |
| Accrued charges and deferred income | 492/3 | €17,186 | €0 | -€17,186 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,474 | €30,574 | +€9,100 | +42.4% |
| Other operating charges | 640/8 | €9,148 | €9,607 | +€459 | +5.0% |
| Gross operating margin | 9900 | €59,062 | €36,435 | -€22,627 | -38.3% |
| Operating profit (loss) | 9901 | €28,440 | -€3,746 | -€32,186 | |
| Financial charges | 65/66B | €4,452 | €5,361 | +€909 | +20.4% |
| Recurring financial charges | 65 | €4,452 | €5,361 | +€909 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €23,988 | -€9,108 | -€33,096 | |
| Income taxes | 67/77 | €5,997 | €0 | -€5,997 | -100.0% |
| Profit (loss) for the period | 9904 | €17,991 | -€9,108 | -€27,099 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,991 | -€9,108 | -€27,099 |
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 3 October 2026 via checked.be.