IMMIDI: 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.
What changed
IMMIDI
NACE 68.110, Buying and selling of own real estate
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€177,488
2024 · €8,710+€168,778
Equity
-€234,832
2024 · -€198,121-€36,711
Cash
€4,865
2024 · €1,028+€3,837
Balance sheet total
€1.8m
2024 · €2.0m-€268,046
Largest movements
Assets
- Tangible fixed assets -€259,690
down €259,690 (-13.1%), from €2.0m to €1.7m
of which Land and buildings: -€261,939
Equity and liabilities
- Other debts -€268,035
down €268,035 (-24.9%), from €1.1m to €807,750
- Revaluation surpluses -€214,199
down €214,199 (-28.7%), from €747,088 to €532,889
- Reserves +€187,816
up €187,816 (+14025.7%), from €1,339 to €189,155
of which Tax-exempt reserves: +€187,816
- Provisions +€62,605
new in 2025: €62,605
Income statement
- Gross operating margin +€228,781
up €228,781 (+518.2%), from €44,146 to €272,927
- Financial charges -€4,557
down €4,557 (-39.3%), from €11,585 to €7,028
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.
Result 2024
€8,710
Gross operating margin
+€228,781
Depreciation
-€875
Other operating charges
-€1,886
Financial charges
+€4,557
Taxes
+€807
Deferred taxes and other
-€62,605
Result 2025
€177,488
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.
From operations
-€24,164
Investment
+€258,601
Financing
-€230,600
Cash 2024
€1,028
From operations (derived)
-€24,164
Net result for the year
+€177,488
Depreciation
+€1,089
Receivables within one year
-€5,582
Deferred charges and accrued income
+€17,775
Provisions
+€62,605
Trade debts
+€9,275
Tax, wage and social debts
-€12,040
Other debts
-€268,035
Accrued charges and deferred income
-€6,740
Investment (derived)
+€258,601
Investment in fixed assets (net)
+€258,601
Financing
-€230,600
Debts after one year
-€17,275
Current portion of long-term debt
+€874
Contributions, distributions and other
-€214,199
Cash 2025
€4,865
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,020,361 | €1,752,315 | -€268,046 | -13.3% |
| Fixed assets | 21/28 | €1,989,327 | €1,729,637 | -€259,690 | -13.1% |
| Tangible fixed assets | 22/27 | €1,989,077 | €1,729,387 | -€259,690 | -13.1% |
| Land and buildings | 22 | €1,988,912 | €1,726,973 | -€261,939 | -13.2% |
| Plant, machinery and equipment | 23 | €166 | €2,414 | +€2,248 | +1355.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €31,034 | €22,678 | -€8,356 | -26.9% |
| Amounts receivable within one year | 40/41 | €5,571 | €11,152 | +€5,582 | +100.2% |
| Trade receivables | 40 | €5,571 | €11,152 | +€5,582 | +100.2% |
| Cash at bank and in hand | 54/58 | €1,028 | €4,865 | +€3,837 | +373.3% |
| Deferred charges and accrued income | 490/1 | €24,435 | €6,661 | -€17,775 | -72.7% |
| Total equity and liabilities | 10/49 | €2,020,361 | €1,752,315 | -€268,046 | -13.3% |
| Equity | 10/15 | -€198,121 | -€234,832 | -€36,711 | -18.5% |
| Contributions | 10/11 | €353,400 | €353,400 | = | 0.0% |
| Capital | 10 | €353,400 | €353,400 | = | 0.0% |
| Issued capital | 100 | €353,400 | €353,400 | = | 0.0% |
| Revaluation surpluses | 12 | €747,088 | €532,889 | -€214,199 | -28.7% |
| Reserves | 13 | €1,339 | €189,155 | +€187,816 | +14025.7% |
| Non-distributable reserves | 130/1 | €1,339 | €1,339 | = | 0.0% |
| Legal reserve | 130 | €1,339 | €1,339 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €187,816 | +€187,816 | |
| Profit (loss) carried forward | 14 | -€1,299,948 | -€1,310,275 | -€10,327 | -0.8% |
| Provisions and deferred taxes | 16 | - | €62,605 | +€62,605 | |
| Deferred taxes | 168 | - | €62,605 | +€62,605 | |
| Amounts payable | 17/49 | €2,218,482 | €1,924,541 | -€293,941 | -13.2% |
| Amounts payable after more than one year | 17 | €1,094,049 | €1,076,773 | -€17,275 | -1.6% |
| Financial debts | 170/4 | €1,085,735 | €1,068,759 | -€16,975 | -1.6% |
| Other amounts payable | 178/9 | €8,314 | €8,014 | -€300 | -3.6% |
| Amounts payable within one year | 42/48 | €1,117,694 | €847,768 | -€269,926 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €16,101 | €16,975 | +€874 | +5.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,107 | €10,382 | +€9,275 | +838.0% |
| Suppliers | 440/4 | €1,107 | €10,382 | +€9,275 | +838.0% |
| Taxes, remuneration and social security | 45 | €24,701 | €12,661 | -€12,040 | -48.7% |
| Taxes | 450/3 | €9,234 | €12,661 | +€3,427 | +37.1% |
| Remuneration and social security | 454/9 | €15,467 | €0 | -€15,467 | -100.0% |
| Other amounts payable | 47/48 | €1,075,785 | €807,750 | -€268,035 | -24.9% |
| Accrued charges and deferred income | 492/3 | €6,740 | €0 | -€6,740 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €1,089 | +€875 | +407.5% |
| Other operating charges | 640/8 | €11,902 | €13,789 | +€1,886 | +15.8% |
| Gross operating margin | 9900 | €44,146 | €272,927 | +€228,781 | +518.2% |
| Operating profit (loss) | 9901 | €32,029 | €258,049 | +€226,020 | +705.7% |
| Financial charges | 65/66B | €11,585 | €7,028 | -€4,557 | -39.3% |
| Recurring financial charges | 65 | €11,585 | €7,028 | -€4,557 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €20,444 | €251,021 | +€230,577 | +1127.8% |
| Transfer to deferred taxes | 680 | - | €62,605 | +€62,605 | |
| Income taxes | 67/77 | €11,734 | €10,927 | -€807 | -6.9% |
| Profit (loss) for the period | 9904 | €8,710 | €177,488 | +€168,778 | +1937.7% |
| Transfer to tax-exempt reserves | 689 | - | €187,816 | +€187,816 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,710 | -€10,327 | -€19,038 |
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 30 September 2026 via checked.be.