IEBIMMO: 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.
IEBIMMO
Largest movements
- Cash -€60,410
down €60,410 (-91.3%), from €66,146 to €5,735
mainly Investment in fixed assets (net) (-€72,978) and Net result for the year (-€55,566)
- Tangible fixed assets +€54,910
up €54,910 (+12.2%), from €451,831 to €506,741
of which Other tangible fixed assets: +€70,165
- Debts after one year +€69,566
up €69,566 (+13.5%), from €515,927 to €585,493
of which Financial debts: +€70,966
- Profit (loss) carried forward -€55,566
down €55,566 (-140.0%), from -€39,696 to -€95,262
- Other debts -€23,409
no longer reported in 2025 (was €23,409)
- Gross operating margin -€22,864
down €22,864, from €12,368 to -€10,496
- Depreciation +€2,770
up €2,770 (+17.6%), from €15,766 to €18,535
- Financial charges +€599
up €599 (+2.8%), from €21,764 to €22,363
- Other operating charges +€201
up €201 (+5.1%), from €3,971 to €4,172
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 | €523,393 | €517,290 | -€6,103 | -1.2% |
| Formation expenses | 20 | €740 | €272 | -€468 | -63.3% |
| Fixed assets | 21/28 | €451,831 | €506,741 | +€54,910 | +12.2% |
| Tangible fixed assets | 22/27 | €451,831 | €506,741 | +€54,910 | +12.2% |
| Land and buildings | 22 | €331,964 | €316,709 | -€15,255 | -4.6% |
| Other tangible fixed assets | 26 | €119,867 | €190,032 | +€70,165 | +58.5% |
| Current assets | 29/58 | €70,823 | €10,277 | -€60,546 | -85.5% |
| Amounts receivable within one year | 40/41 | €4,000 | €4,242 | +€242 | +6.0% |
| Trade receivables | 40 | €4,000 | €4,242 | +€242 | +6.0% |
| Cash at bank and in hand | 54/58 | €66,146 | €5,735 | -€60,410 | -91.3% |
| Deferred charges and accrued income | 490/1 | €677 | €300 | -€377 | -55.7% |
| Total equity and liabilities | 10/49 | €523,393 | €517,290 | -€6,103 | -1.2% |
| Equity | 10/15 | -€37,196 | -€92,762 | -€55,566 | -149.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,696 | -€95,262 | -€55,566 | -140.0% |
| Amounts payable | 17/49 | €560,589 | €610,052 | +€49,463 | +8.8% |
| Amounts payable after more than one year | 17 | €515,927 | €585,493 | +€69,566 | +13.5% |
| Financial debts | 170/4 | €514,527 | €585,493 | +€70,966 | +13.8% |
| Other amounts payable | 178/9 | €1,400 | - | -€1,400 | |
| Amounts payable within one year | 42/48 | €42,662 | €20,289 | -€22,373 | -52.4% |
| Current portion of amounts payable after more than one year | 42 | €19,192 | €20,106 | +€914 | +4.8% |
| Trade debts | 44 | €61 | €183 | +€121 | +197.5% |
| Suppliers | 440/4 | €61 | €183 | +€121 | +197.5% |
| Other amounts payable | 47/48 | €23,409 | - | -€23,409 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,270 | +€2,270 | +113.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,766 | €18,535 | +€2,770 | +17.6% |
| Other operating charges | 640/8 | €3,971 | €4,172 | +€201 | +5.1% |
| Gross operating margin | 9900 | €12,368 | -€10,496 | -€22,864 | |
| Operating profit (loss) | 9901 | -€7,369 | -€33,203 | -€25,834 | -350.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €21,764 | €22,363 | +€599 | +2.8% |
| Recurring financial charges | 65 | €21,764 | €22,363 | +€599 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,133 | -€55,566 | -€26,433 | -90.7% |
| Profit (loss) for the period | 9904 | -€29,133 | -€55,566 | -€26,433 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,133 | -€55,566 | -€26,433 | -90.7% |
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.