IMMO +: 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 +
Largest movements
- Cash +€12,355
up €12,355 (+32.8%), from €37,659 to €50,013
mainly Net result for the year (+€46,536) and Receivables within one year (+€6,927)
- Receivables within one year -€6,927
down €6,927 (-15.8%), from €43,725 to €36,797
of which Other amounts receivable: -€10,043
- Profit (loss) carried forward +€6,536
up €6,536 (+8,240%), from €79 to €6,615
- Debts after one year -€4,635
down €4,635 (-6.6%), from €70,345 to €65,710
- Current portion of long-term debt +€3,422
up €3,422 (+74.7%), from €4,579 to €8,001
- Tax, wage and social debts -€1,877
down €1,877 (-7.0%), from €26,830 to €24,953
- Gross operating margin +€19,799
up €19,799 (+36.7%), from €53,981 to €73,779
- Taxes +€2,976
up €2,976 (+26.4%), from €11,254 to €14,230
- Financial charges +€2,530
up €2,530 (+91.8%), from €2,757 to €5,287
- Other operating charges +€1,692
up €1,692 (+114%), from €1,485 to €3,177
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 | €164,500 | €168,141 | +€3,642 | +2.2% |
| Fixed assets | 21/28 | €82,423 | €81,018 | -€1,405 | -1.7% |
| Tangible fixed assets | 22/27 | €82,423 | €81,018 | -€1,405 | -1.7% |
| Land and buildings | 22 | €80,521 | €77,773 | -€2,748 | -3.4% |
| Furniture and vehicles | 24 | €1,902 | €3,245 | +€1,343 | +70.6% |
| Current assets | 29/58 | €82,076 | €87,123 | +€5,047 | +6.1% |
| Amounts receivable within one year | 40/41 | €43,725 | €36,797 | -€6,927 | -15.8% |
| Trade receivables | 40 | €5,821 | €8,936 | +€3,116 | +53.5% |
| Other amounts receivable | 41 | €37,904 | €27,861 | -€10,043 | -26.5% |
| Cash at bank and in hand | 54/58 | €37,659 | €50,013 | +€12,355 | +32.8% |
| Deferred charges and accrued income | 490/1 | €693 | €313 | -€380 | -54.9% |
| Total equity and liabilities | 10/49 | €164,500 | €168,141 | +€3,642 | +2.2% |
| Equity | 10/15 | €20,539 | €27,075 | +€6,536 | +31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79 | €6,615 | +€6,536 | +8,240% |
| Amounts payable | 17/49 | €143,960 | €141,066 | -€2,895 | -2.0% |
| Amounts payable after more than one year | 17 | €70,345 | €65,710 | -€4,635 | -6.6% |
| Financial debts | 170/4 | €70,345 | €65,710 | -€4,635 | -6.6% |
| Amounts payable within one year | 42/48 | €73,615 | €75,356 | +€1,741 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,579 | €8,001 | +€3,422 | +74.7% |
| Trade debts | 44 | €309 | - | -€309 | |
| Suppliers | 440/4 | €309 | - | -€309 | |
| Taxes, remuneration and social security | 45 | €26,830 | €24,953 | -€1,877 | -7.0% |
| Taxes | 450/3 | €26,830 | €24,953 | -€1,877 | -7.0% |
| Other amounts payable | 47/48 | €41,897 | €42,402 | +€505 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,613 | €4,549 | -€63 | -1.4% |
| Other operating charges | 640/8 | €1,485 | €3,177 | +€1,692 | +114% |
| Gross operating margin | 9900 | €53,981 | €73,779 | +€19,799 | +36.7% |
| Operating profit (loss) | 9901 | €47,883 | €66,053 | +€18,170 | +37.9% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €2,757 | €5,287 | +€2,530 | +91.8% |
| Recurring financial charges | 65 | €2,757 | €5,287 | +€2,530 | +91.8% |
| Profit (loss) for the period before taxes | 9903 | €45,134 | €60,766 | +€15,632 | +34.6% |
| Income taxes | 67/77 | €11,254 | €14,230 | +€2,976 | +26.4% |
| Profit (loss) for the period | 9904 | €33,880 | €46,536 | +€12,656 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,880 | €46,536 | +€12,656 | +37.4% |
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.