IMMEOBILIARE: 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.
IMMEOBILIARE
Largest movements
- Tangible fixed assets -€20,615
down €20,615 (-5.6%), from €365,252 to €344,637
of which Land and buildings: -€12,672
- Cash +€10,492
up €10,492 (+902%), from €1,163 to €11,655
mainly Depreciation (+€20,615) and Net result for the year (+€16,601)
- Deferred charges and accrued income -€4,560
no longer reported in 2025 (was €4,560)
- Debts after one year -€28,965
down €28,965 (-15.2%), from €190,406 to €161,440
- Other debts +€14,011
up €14,011 (+60.4%), from €23,183 to €37,194
- Reserves -€5,000
down €5,000 (-11.1%), from €44,860 to €39,860
of which Distributable reserves: -€5,000
- Gross operating margin +€1,823
up €1,823 (+3.3%), from €54,902 to €56,724
- Financial charges -€823
down €823 (-11.3%), from €7,266 to €6,444
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 | €372,115 | €357,432 | -€14,683 | -3.9% |
| Fixed assets | 21/28 | €366,392 | €345,777 | -€20,615 | -5.6% |
| Tangible fixed assets | 22/27 | €365,252 | €344,637 | -€20,615 | -5.6% |
| Land and buildings | 22 | €336,320 | €323,648 | -€12,672 | -3.8% |
| Furniture and vehicles | 24 | €28,932 | €20,989 | -€7,943 | -27.5% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €5,723 | €11,655 | +€5,932 | +104% |
| Cash at bank and in hand | 54/58 | €1,163 | €11,655 | +€10,492 | +902% |
| Deferred charges and accrued income | 490/1 | €4,560 | - | -€4,560 | |
| Total equity and liabilities | 10/49 | €372,115 | €357,432 | -€14,683 | -3.9% |
| Equity | 10/15 | €115,867 | €113,468 | -€2,399 | -2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €44,860 | €39,860 | -€5,000 | -11.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,000 | €38,000 | -€5,000 | -11.6% |
| Profit (loss) carried forward | 14 | €58,607 | €61,208 | +€2,601 | +4.4% |
| Amounts payable | 17/49 | €256,248 | €243,964 | -€12,284 | -4.8% |
| Amounts payable after more than one year | 17 | €190,406 | €161,440 | -€28,965 | -15.2% |
| Financial debts | 170/4 | €190,406 | €161,440 | -€28,965 | -15.2% |
| Amounts payable within one year | 42/48 | €62,967 | €79,651 | +€16,684 | +26.5% |
| Current portion of amounts payable after more than one year | 42 | €28,110 | €28,965 | +€855 | +3.0% |
| Trade debts | 44 | €1,999 | €2,133 | +€134 | +6.7% |
| Suppliers | 440/4 | €1,999 | €2,133 | +€134 | +6.7% |
| Taxes, remuneration and social security | 45 | €9,675 | €11,359 | +€1,684 | +17.4% |
| Taxes | 450/3 | €9,675 | €11,359 | +€1,684 | +17.4% |
| Other amounts payable | 47/48 | €23,183 | €37,194 | +€14,011 | +60.4% |
| Accrued charges and deferred income | 492/3 | €2,875 | €2,873 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,734 | €20,615 | -€119 | -0.6% |
| Other operating charges | 640/8 | €2,855 | €2,941 | +€86 | +3.0% |
| Gross operating margin | 9900 | €54,902 | €56,724 | +€1,823 | +3.3% |
| Operating profit (loss) | 9901 | €31,313 | €33,169 | +€1,856 | +5.9% |
| Financial charges | 65/66B | €7,266 | €6,444 | -€823 | -11.3% |
| Recurring financial charges | 65 | €7,266 | €6,444 | -€823 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €24,047 | €26,725 | +€2,679 | +11.1% |
| Income taxes | 67/77 | €9,675 | €10,124 | +€449 | +4.6% |
| Profit (loss) for the period | 9904 | €14,372 | €16,601 | +€2,229 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,372 | €16,601 | +€2,229 | +15.5% |
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 30 October 2026 via checked.be.