IMMO 02: 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.
IMMO 02
Largest movements
- Tangible fixed assets +€237,657
new in 2025: €237,657
- Formation expenses +€34,153
new in 2025: €34,153
- Cash +€9,860
up €9,860 (+2,404,929%), from €0 to €9,861
mainly Debts after one year (+€191,542) and Other debts (+€84,736)
- Receivables within one year +€3,150
new in 2025: €3,150
- Debts after one year +€191,542
new in 2025: €191,542
- Other debts +€84,736
up €84,736 (+96.1%), from €88,138 to €172,875
- Current portion of long-term debt +€8,458
new in 2025: €8,458
- Depreciation +€8,519
new in 2025: €8,519
- Gross operating margin -€5,081
down €5,081 (-33.1%), from €15,372 to €10,291
- Other operating charges +€1,514
new in 2025: €1,514
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 | €0 | €284,821 | +€284,820 | +69,468,407% |
| Formation expenses | 20 | - | €34,153 | +€34,153 | |
| Fixed assets | 21/28 | - | €237,657 | +€237,657 | |
| Tangible fixed assets | 22/27 | - | €237,657 | +€237,657 | |
| Land and buildings | 22 | - | €237,657 | +€237,657 | |
| Current assets | 29/58 | €0 | €13,011 | +€13,010 | +3,173,222% |
| Amounts receivable within one year | 40/41 | - | €3,150 | +€3,150 | |
| Trade receivables | 40 | - | €3,150 | +€3,150 | |
| Cash at bank and in hand | 54/58 | €0 | €9,861 | +€9,860 | +2,404,929% |
| Total equity and liabilities | 10/49 | €0 | €284,821 | +€284,820 | +69,468,407% |
| Equity | 10/15 | -€88,138 | -€88,054 | +€84 | +0.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,138 | -€178,054 | +€84 | 0.0% |
| Amounts payable | 17/49 | €88,138 | €372,875 | +€284,736 | +323% |
| Amounts payable after more than one year | 17 | - | €191,542 | +€191,542 | |
| Financial debts | 170/4 | - | €191,542 | +€191,542 | |
| Amounts payable within one year | 42/48 | €88,138 | €181,333 | +€93,195 | +106% |
| Current portion of amounts payable after more than one year | 42 | - | €8,458 | +€8,458 | |
| Other amounts payable | 47/48 | €88,138 | €172,875 | +€84,736 | +96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,519 | +€8,519 | |
| Other operating charges | 640/8 | - | €1,514 | +€1,514 | |
| Gross operating margin | 9900 | €15,372 | €10,291 | -€5,081 | -33.1% |
| Operating profit (loss) | 9901 | €15,372 | €258 | -€15,114 | -98.3% |
| Financial charges | 65/66B | €142 | €174 | +€31 | +22.1% |
| Recurring financial charges | 65 | €142 | €174 | +€31 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €15,230 | €84 | -€15,146 | -99.4% |
| Profit (loss) for the period | 9904 | €15,230 | €84 | -€15,146 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,230 | €84 | -€15,146 | -99.4% |
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 15 October 2026 via checked.be.