I AM 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.
I AM IMMO
Largest movements
- Tangible fixed assets +€260,485
up €260,485 (+68.5%), from €380,293 to €640,778
of which Land and buildings: +€251,150
- Cash -€96,481
down €96,481 (-98.1%), from €98,399 to €1,918
mainly Investment in fixed assets (net) (-€285,625) and Net result for the year (-€18,329)
- Debts after one year +€170,126
up €170,126 (+56.5%), from €300,889 to €471,015
of which Financial debts: +€170,126
- Profit (loss) carried forward -€14,180
down €14,180 (-37.9%), from €37,381 to €23,201
- Other debts +€12,021
up €12,021 (+118%), from €10,210 to €22,231
- Gross operating margin -€17,855
down €17,855 (-44.6%), from €39,996 to €22,142
- Depreciation -€3,362
down €3,362 (-11.8%), from €28,502 to €25,140
- Financial charges +€2,056
up €2,056 (+29.0%), from €7,086 to €9,143
- Other operating charges +€1,792
up €1,792 (+60.1%), from €2,982 to €4,774
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 | €482,439 | €649,172 | +€166,734 | +34.6% |
| Fixed assets | 21/28 | €380,564 | €641,049 | +€260,485 | +68.4% |
| Tangible fixed assets | 22/27 | €380,293 | €640,778 | +€260,485 | +68.5% |
| Land and buildings | 22 | €380,293 | €631,442 | +€251,150 | +66.0% |
| Furniture and vehicles | 24 | - | €9,336 | +€9,336 | |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €101,875 | €8,123 | -€93,752 | -92.0% |
| Amounts receivable within one year | 40/41 | €3,476 | €6,205 | +€2,729 | +78.5% |
| Trade receivables | 40 | - | €2,729 | +€2,729 | |
| Other amounts receivable | 41 | €3,476 | €3,476 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,399 | €1,918 | -€96,481 | -98.1% |
| Total equity and liabilities | 10/49 | €482,439 | €649,172 | +€166,734 | +34.6% |
| Equity | 10/15 | €137,725 | €119,396 | -€18,329 | -13.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Revaluation surpluses | 12 | €72,188 | €68,394 | -€3,793 | -5.3% |
| Reserves | 13 | €7,697 | €7,342 | -€355 | -4.6% |
| Tax-exempt reserves | 132 | €7,697 | €7,342 | -€355 | -4.6% |
| Profit (loss) carried forward | 14 | €37,381 | €23,201 | -€14,180 | -37.9% |
| Provisions and deferred taxes | 16 | €3,152 | €3,015 | -€137 | -4.3% |
| Deferred taxes | 168 | €3,152 | €3,015 | -€137 | -4.3% |
| Amounts payable | 17/49 | €341,561 | €526,761 | +€185,199 | +54.2% |
| Amounts payable after more than one year | 17 | €300,889 | €471,015 | +€170,126 | +56.5% |
| Financial debts | 170/4 | €294,054 | €464,180 | +€170,126 | +57.9% |
| Other amounts payable | 178/9 | €6,835 | €6,835 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,672 | €53,656 | +€12,983 | +31.9% |
| Current portion of amounts payable after more than one year | 42 | €29,278 | €29,874 | +€596 | +2.0% |
| Trade debts | 44 | €1,185 | - | -€1,185 | |
| Suppliers | 440/4 | €1,185 | - | -€1,185 | |
| Taxes, remuneration and social security | 45 | - | €1,551 | +€1,551 | |
| Taxes | 450/3 | - | €1,551 | +€1,551 | |
| Other amounts payable | 47/48 | €10,210 | €22,231 | +€12,021 | +118% |
| Accrued charges and deferred income | 492/3 | - | €2,090 | +€2,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,502 | €25,140 | -€3,362 | -11.8% |
| Other operating charges | 640/8 | €2,982 | €4,774 | +€1,792 | +60.1% |
| Gross operating margin | 9900 | €39,996 | €22,142 | -€17,855 | -44.6% |
| Operating profit (loss) | 9901 | €8,512 | -€7,772 | -€16,284 | |
| Financial charges | 65/66B | €7,086 | €9,143 | +€2,056 | +29.0% |
| Recurring financial charges | 65 | €7,086 | €9,143 | +€2,056 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €1,426 | -€16,915 | -€18,341 | |
| Transfer from deferred taxes | 780 | €137 | €137 | = | 0.0% |
| Income taxes | 67/77 | €1,804 | €1,551 | -€253 | -14.0% |
| Profit (loss) for the period | 9904 | -€241 | -€18,329 | -€18,088 | -7,500% |
| Transfer from tax-exempt reserves | 789 | €335 | €355 | +€20 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €94 | -€17,974 | -€18,068 |
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 26 October 2026 via checked.be.