FINANCE IMMO: what changed
Two financial 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.
FINANCE IMMO
Largest movements
- Tangible fixed assets -€274,046
down €274,046 (-17.2%), from €1.6m to €1.3m
of which Land and buildings: -€344,448
- Receivables within one year +€44,475
up €44,475 (+11.2%), from €396,204 to €440,678
of which Other amounts receivable: +€122,348
- Financial fixed assets -€30,000
no longer reported in 2025 (was €30,000)
- Debts after one year -€135,789
down €135,789 (-15.3%), from €885,813 to €750,024
- Tax, wage and social debts -€76,230
down €76,230 (-38.6%), from €197,251 to €121,021
of which Taxes: -€67,423
- Profit (loss) carried forward -€37,057
down €37,057 (-4.4%), from €832,931 to €795,873
- Gross operating margin -€166,756
down €166,756 (-24.5%), from €680,566 to €513,810
- Taxes -€56,255
down €56,255 (-45.7%), from €122,996 to €66,740
- Depreciation -€36,562
down €36,562 (-30.8%), from €118,620 to €82,059
- Staff costs -€20,305
down €20,305 (-13.0%), from €156,751 to €136,445
- Other operating charges -€14,529
down €14,529 (-92.0%), from €15,795 to €1,266
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.
Derived cash bridge
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 | €2,139,176 | €1,883,094 | -€256,083 | -12.0% |
| Fixed assets | 21/28 | €1,623,846 | €1,319,800 | -€304,046 | -18.7% |
| Tangible fixed assets | 22/27 | €1,593,846 | €1,319,800 | -€274,046 | -17.2% |
| Land and buildings | 22 | €1,339,024 | €994,576 | -€344,448 | -25.7% |
| Furniture and vehicles | 24 | €16,601 | €45,688 | +€29,087 | +175% |
| Other tangible fixed assets | 26 | €238,221 | €279,536 | +€41,315 | +17.3% |
| Financial fixed assets | 28 | €30,000 | - | -€30,000 | |
| Current assets | 29/58 | €515,330 | €563,294 | +€47,964 | +9.3% |
| Amounts receivable within one year | 40/41 | €396,204 | €440,678 | +€44,475 | +11.2% |
| Trade receivables | 40 | €77,873 | - | -€77,873 | |
| Other amounts receivable | 41 | €318,330 | €440,678 | +€122,348 | +38.4% |
| Cash at bank and in hand | 54/58 | €112,348 | €120,453 | +€8,105 | +7.2% |
| Deferred charges and accrued income | 490/1 | €6,779 | €2,162 | -€4,616 | -68.1% |
| Total equity and liabilities | 10/49 | €2,139,176 | €1,883,094 | -€256,083 | -12.0% |
| Equity | 10/15 | €968,531 | €931,473 | -€37,057 | -3.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,000 | €117,000 | = | 0.0% |
| Distributable reserves | 133 | €117,000 | €117,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €832,931 | €795,873 | -€37,057 | -4.4% |
| Amounts payable | 17/49 | €1,170,646 | €951,620 | -€219,026 | -18.7% |
| Amounts payable after more than one year | 17 | €885,813 | €750,024 | -€135,789 | -15.3% |
| Financial debts | 170/4 | €885,813 | €750,024 | -€135,789 | -15.3% |
| Amounts payable within one year | 42/48 | €275,418 | €194,777 | -€80,641 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €56,544 | €70,743 | +€14,199 | +25.1% |
| Trade debts | 44 | €18,238 | €3,013 | -€15,225 | -83.5% |
| Suppliers | 440/4 | €18,238 | €3,013 | -€15,225 | -83.5% |
| Taxes, remuneration and social security | 45 | €197,251 | €121,021 | -€76,230 | -38.6% |
| Taxes | 450/3 | €168,612 | €101,189 | -€67,423 | -40.0% |
| Remuneration and social security | 454/9 | €28,640 | €19,832 | -€8,808 | -30.8% |
| Other amounts payable | 47/48 | €3,385 | - | -€3,385 | |
| Accrued charges and deferred income | 492/3 | €9,414 | €6,819 | -€2,595 | -27.6% |
| Non-recurring operating income | 76A | €227,611 | €29,827 | -€197,785 | -86.9% |
| Remuneration, social security and pensions | 62 | €156,751 | €136,445 | -€20,305 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,620 | €82,059 | -€36,562 | -30.8% |
| Other operating charges | 640/8 | €15,795 | €1,266 | -€14,529 | -92.0% |
| Non-recurring operating charges | 66A | €29,659 | €1,434 | -€28,225 | -95.2% |
| Gross operating margin | 9900 | €680,566 | €513,810 | -€166,756 | -24.5% |
| Operating profit (loss) | 9901 | €359,742 | €292,607 | -€67,135 | -18.7% |
| Financial income | 75/76B | €665 | €267 | -€398 | -59.9% |
| Recurring financial income | 75 | €665 | €267 | -€398 | -59.9% |
| Financial charges | 65/66B | €45,877 | €33,190 | -€12,687 | -27.7% |
| Recurring financial charges | 65 | €45,877 | €33,190 | -€12,687 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €314,530 | €259,683 | -€54,846 | -17.4% |
| Income taxes | 67/77 | €122,996 | €66,740 | -€56,255 | -45.7% |
| Profit (loss) for the period | 9904 | €191,534 | €192,943 | +€1,409 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €191,534 | €192,943 | +€1,409 | +0.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.