ERMI - 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.
ERMI - IMMO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€20,623
up €20,623 (+55.9%), from €36,925 to €57,548
- Debts after one year -€17,250
down €17,250 (-14.8%), from €116,458 to €99,208
- Reserves -€14,249
down €14,249 (-7.4%), from €192,680 to €178,432
- Trade debts +€10,891
up €10,891, from €0 to €10,891
- Financial charges -€3,987
down €3,987 (-40.2%), from €9,914 to €5,927
- Gross operating margin +€3,416
up €3,416 (+5.5%), from €62,331 to €65,746
- Taxes +€1,774
up €1,774 (+17.9%), from €9,918 to €11,692
- Depreciation +€1,469
up €1,469 (+8.4%), from €17,472 to €18,941
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 | €406,955 | €408,682 | +€1,727 | +0.4% |
| Fixed assets | 21/28 | €395,616 | €396,715 | +€1,099 | +0.3% |
| Tangible fixed assets | 22/27 | €395,616 | €396,715 | +€1,099 | +0.3% |
| Land and buildings | 22 | €388,333 | €372,260 | -€16,073 | -4.1% |
| Plant, machinery and equipment | 23 | €453 | €226 | -€226 | -50.0% |
| Other tangible fixed assets | 26 | €6,831 | €24,228 | +€17,398 | +254.7% |
| Current assets | 29/58 | €11,339 | €11,967 | +€629 | +5.5% |
| Cash at bank and in hand | 54/58 | €11,339 | €11,967 | +€629 | +5.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €406,955 | €408,682 | +€1,727 | +0.4% |
| Equity | 10/15 | €211,280 | €197,032 | -€14,249 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €192,680 | €178,432 | -€14,249 | -7.4% |
| Distributable reserves | 133 | €192,680 | €178,432 | -€14,249 | -7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,675 | €211,651 | +€15,976 | +8.2% |
| Amounts payable after more than one year | 17 | €116,458 | €99,208 | -€17,250 | -14.8% |
| Financial debts | 170/4 | €116,458 | €99,208 | -€17,250 | -14.8% |
| Amounts payable within one year | 42/48 | €78,093 | €111,381 | +€33,289 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €36,250 | €36,250 | = | 0.0% |
| Trade debts | 44 | €0 | €10,891 | +€10,891 | |
| Suppliers | 440/4 | €0 | €10,891 | +€10,891 | |
| Taxes, remuneration and social security | 45 | €4,918 | €6,692 | +€1,774 | +36.1% |
| Taxes | 450/3 | €4,918 | €6,692 | +€1,774 | +36.1% |
| Other amounts payable | 47/48 | €36,925 | €57,548 | +€20,623 | +55.9% |
| Accrued charges and deferred income | 492/3 | €1,123 | €1,061 | -€62 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,472 | €18,941 | +€1,469 | +8.4% |
| Other operating charges | 640/8 | €4,787 | €4,935 | +€148 | +3.1% |
| Gross operating margin | 9900 | €62,331 | €65,746 | +€3,416 | +5.5% |
| Operating profit (loss) | 9901 | €40,072 | €41,871 | +€1,799 | +4.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,914 | €5,927 | -€3,987 | -40.2% |
| Recurring financial charges | 65 | €9,914 | €5,927 | -€3,987 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €30,158 | €35,944 | +€5,785 | +19.2% |
| Income taxes | 67/77 | €9,918 | €11,692 | +€1,774 | +17.9% |
| Profit (loss) for the period | 9904 | €20,240 | €24,251 | +€4,011 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,240 | €24,251 | +€4,011 | +19.8% |
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.