IMMO 056: 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
IMMO 056
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€230,193
2024 · €72,648+€157,545
Equity
€1.5m
2024 · €1.4m+€97,967
Cash
€229,903
2024 · €52,527+€177,377
Balance sheet total
€7.0m
2024 · €7.5m-€425,394
Largest movements
Assets
- Tangible fixed assets -€535,810
down €535,810 (-7.5%), from €7.1m to €6.6m
of which Other tangible fixed assets: -€269,034
- Cash +€177,377
up €177,377 (+337.7%), from €52,527 to €229,903
mainly Depreciation (+€486,980) and Net result for the year (+€230,193)
Equity and liabilities
- Debts after one year -€415,876
down €415,876 (-10.5%), from €4.0m to €3.5m
of which Financial debts: -€421,887
- Profit (loss) carried forward +€124,797
up €124,797 (+143.6%), from €86,928 to €211,724
- Trade debts -€93,549
down €93,549 (-79.0%), from €118,407 to €24,857
Income statement
- Turnover +€50,263
up €50,263 (+5.2%), from €970,066 to €1.0m
- Services and other goods -€49,566
down €49,566 (-20.6%), from €240,521 to €190,955
- Taxes +€43,814
up €43,814 (+613.0%), from €7,147 to €50,961
of which Taxes: +€43,814
- Financial charges -€39,535
down €39,535 (-19.9%), from €199,093 to €159,558
- Other operating income +€34,938
up €34,938 (+15.7%), from €221,989 to €256,927
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
€72,648
Turnover
+€50,263
Other operating income
+€34,938
Goods and materials
-€4,791
Services and other goods
+€49,566
Depreciation
+€34,704
Other operating charges
+€8,899
Financial income
+€40
Financial charges
+€39,535
Taxes
-€43,814
Deferred taxes and other
-€11,794
Result 2025
€230,193
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
+€688,036
Investment
+€48,830
Financing
-€559,489
Cash 2024
€52,527
From operations (derived)
+€688,036
Net result for the year
+€230,193
Depreciation
+€486,980
Receivables within one year
+€69,982
Deferred charges and accrued income
-€3,022
Provisions
+€35,132
Trade debts
-€93,549
Tax, wage and social debts
+€24,621
Advances received
+€2,500
Other debts
-€64,869
Accrued charges and deferred income
+€68
Investment (derived)
+€48,830
Investment in fixed assets (net)
+€48,830
Financing
-€559,489
Debts after one year
-€415,876
Current portion of long-term debt
-€40,024
Short-term financial debts
+€28,637
Contributions, distributions and other
-€132,226
Cash 2025
€229,903
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,453,690 | €7,028,297 | -€425,394 | -5.7% |
| Fixed assets | 21/28 | €7,103,139 | €6,567,329 | -€535,810 | -7.5% |
| Tangible fixed assets | 22/27 | €7,103,139 | €6,567,329 | -€535,810 | -7.5% |
| Land and buildings | 22 | €4,193,330 | €3,926,687 | -€266,644 | -6.4% |
| Furniture and vehicles | 24 | €317 | €185 | -€132 | -41.8% |
| Other tangible fixed assets | 26 | €2,909,492 | €2,640,458 | -€269,034 | -9.2% |
| Current assets | 29/58 | €350,551 | €460,968 | +€110,417 | +31.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €268,104 | €198,122 | -€69,982 | -26.1% |
| Trade receivables | 40 | €29,336 | €27,479 | -€1,857 | -6.3% |
| Other amounts receivable | 41 | €238,768 | €170,643 | -€68,125 | -28.5% |
| Cash at bank and in hand | 54/58 | €52,527 | €229,903 | +€177,377 | +337.7% |
| Deferred charges and accrued income | 490/1 | €29,920 | €32,942 | +€3,022 | +10.1% |
| Total equity and liabilities | 10/49 | €7,453,690 | €7,028,297 | -€425,394 | -5.7% |
| Equity | 10/15 | €1,429,036 | €1,527,002 | +€97,967 | +6.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,323,516 | €1,296,686 | -€26,830 | -2.0% |
| Tax-exempt reserves | 132 | €808,577 | €913,973 | +€105,396 | +13.0% |
| Distributable reserves | 133 | €514,939 | €382,713 | -€132,226 | -25.7% |
| Profit (loss) carried forward | 14 | €86,928 | €211,724 | +€124,797 | +143.6% |
| Provisions and deferred taxes | 16 | €269,526 | €304,657 | +€35,132 | +13.0% |
| Deferred taxes | 168 | €269,526 | €304,657 | +€35,132 | +13.0% |
| Amounts payable | 17/49 | €5,755,129 | €5,196,637 | -€558,492 | -9.7% |
| Amounts payable after more than one year | 17 | €3,959,348 | €3,543,472 | -€415,876 | -10.5% |
| Financial debts | 170/4 | €3,925,779 | €3,503,891 | -€421,887 | -10.7% |
| Credit institutions | 173 | €3,925,779 | €3,503,891 | -€421,887 | -10.7% |
| Other amounts payable | 178/9 | €33,569 | €39,581 | +€6,012 | +17.9% |
| Amounts payable within one year | 42/48 | €1,784,325 | €1,641,640 | -€142,685 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €474,776 | €434,752 | -€40,024 | -8.4% |
| Financial debts | 43 | €888,226 | €916,863 | +€28,637 | +3.2% |
| Credit institutions | 430/8 | €888,226 | €916,863 | +€28,637 | +3.2% |
| Trade debts | 44 | €118,407 | €24,857 | -€93,549 | -79.0% |
| Suppliers | 440/4 | €118,407 | €24,857 | -€93,549 | -79.0% |
| Advances received on contracts in progress | 46 | €0 | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €101,047 | €125,668 | +€24,621 | +24.4% |
| Taxes | 450/3 | €101,047 | €125,668 | +€24,621 | +24.4% |
| Other amounts payable | 47/48 | €201,869 | €137,000 | -€64,869 | -32.1% |
| Accrued charges and deferred income | 492/3 | €11,456 | €11,525 | +€68 | +0.6% |
| Operating income | 70/76A | €1,192,055 | €1,277,255 | +€85,201 | +7.1% |
| Turnover | 70 | €970,066 | €1,020,329 | +€50,263 | +5.2% |
| Other operating income | 74 | €221,989 | €256,927 | +€34,938 | +15.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €889,846 | €801,468 | -€88,377 | -9.9% |
| Goods for resale, raw materials and consumables | 60 | €15,874 | €20,665 | +€4,791 | +30.2% |
| Purchases | 600/8 | €15,874 | €20,665 | +€4,791 | +30.2% |
| Services and other goods | 61 | €240,521 | €190,955 | -€49,566 | -20.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €521,684 | €486,980 | -€34,704 | -6.7% |
| Other operating charges | 640/8 | €111,767 | €102,868 | -€8,899 | -8.0% |
| Operating profit (loss) | 9901 | €302,209 | €475,787 | +€173,578 | +57.4% |
| Financial income | 75/76B | €17 | €57 | +€40 | +233.2% |
| Recurring financial income | 75 | €17 | €57 | +€40 | +233.2% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €17 | €57 | +€40 | +233.2% |
| Financial charges | 65/66B | €199,093 | €159,558 | -€39,535 | -19.9% |
| Recurring financial charges | 65 | €199,093 | €159,558 | -€39,535 | -19.9% |
| Debt charges | 650 | €185,797 | €155,930 | -€29,867 | -16.1% |
| Other financial charges | 652/9 | €13,296 | €3,628 | -€9,668 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €103,133 | €316,286 | +€213,153 | +206.7% |
| Transfer from deferred taxes | 780 | €14,070 | €18,931 | +€4,861 | +34.6% |
| Transfer to deferred taxes | 680 | €37,408 | €54,063 | +€16,655 | +44.5% |
| Income taxes | 67/77 | €7,147 | €50,961 | +€43,814 | +613.0% |
| Taxes | 670/3 | €7,147 | €50,961 | +€43,814 | +613.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €72,648 | €230,193 | +€157,545 | +216.9% |
| Transfer from tax-exempt reserves | 789 | €42,209 | €56,793 | +€14,584 | +34.6% |
| Transfer to tax-exempt reserves | 689 | €112,224 | €162,188 | +€49,965 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,633 | €124,797 | +€122,164 | +4639.7% |
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 4 October 2026 via checked.be.