Immo-09: 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-09
Largest movements
- Stocks and contracts -€387,224
down €387,224 (-100.0%), from €387,224 to €0
- Receivables within one year -€38,584
down €38,584 (-32.6%), from €118,269 to €79,685
of which Trade receivables: -€49,394
- Tangible fixed assets -€26,809
down €26,809 (-100.0%), from €26,809 to €0
of which Other tangible fixed assets: -€25,229
- Debts after one year -€234,813
down €234,813 (-100.0%), from €234,813 to €0
- Other debts -€224,983
down €224,983 (-99.3%), from €226,457 to €1,474
- Trade debts +€17,097
up €17,097 (+191.0%), from €8,952 to €26,048
- Profit (loss) carried forward +€15,988
up €15,988 (+55.4%), from €28,853 to €44,840
- Tax, wage and social debts -€14,522
down €14,522 (-80.2%), from €18,118 to €3,596
- Gross operating margin +€35,574
up €35,574 (+166.4%), from €21,380 to €56,954
- Depreciation -€5,733
down €5,733 (-100.0%), from €5,733 to €0
- Taxes +€2,701
up €2,701 (+102.4%), from €2,637 to €5,338
- Other operating charges +€850
up €850 (+69.3%), from €1,227 to €2,076
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €543,458 | €95,205 | -€448,253 | -82.5% |
| Fixed assets | 21/28 | €26,999 | €190 | -€26,809 | -99.3% |
| Tangible fixed assets | 22/27 | €26,809 | €0 | -€26,809 | -100.0% |
| Furniture and vehicles | 24 | €1,580 | €0 | -€1,580 | -100.0% |
| Other tangible fixed assets | 26 | €25,229 | €0 | -€25,229 | -100.0% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €516,459 | €95,015 | -€421,444 | -81.6% |
| Stocks and contracts in progress | 3 | €387,224 | €0 | -€387,224 | -100.0% |
| Stocks | 30/36 | €387,224 | €0 | -€387,224 | -100.0% |
| Amounts receivable within one year | 40/41 | €118,269 | €79,685 | -€38,584 | -32.6% |
| Trade receivables | 40 | €102,269 | €52,875 | -€49,394 | -48.3% |
| Other amounts receivable | 41 | €16,000 | €26,809 | +€10,809 | +67.6% |
| Cash at bank and in hand | 54/58 | €10,780 | €15,325 | +€4,545 | +42.2% |
| Deferred charges and accrued income | 490/1 | €186 | €6 | -€181 | -96.9% |
| Total equity and liabilities | 10/49 | €543,458 | €95,205 | -€448,253 | -82.5% |
| Equity | 10/15 | €48,099 | €64,087 | +€15,988 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,047 | €13,047 | = | 0.0% |
| Distributable reserves | 133 | €13,047 | €13,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,853 | €44,840 | +€15,988 | +55.4% |
| Amounts payable | 17/49 | €495,359 | €31,118 | -€464,241 | -93.7% |
| Amounts payable after more than one year | 17 | €234,813 | €0 | -€234,813 | -100.0% |
| Financial debts | 170/4 | €234,813 | €0 | -€234,813 | -100.0% |
| Amounts payable within one year | 42/48 | €258,557 | €31,118 | -€227,438 | -88.0% |
| Current portion of amounts payable after more than one year | 42 | €5,030 | €0 | -€5,030 | -100.0% |
| Trade debts | 44 | €8,952 | €26,048 | +€17,097 | +191.0% |
| Suppliers | 440/4 | €8,952 | €26,048 | +€17,097 | +191.0% |
| Taxes, remuneration and social security | 45 | €18,118 | €3,596 | -€14,522 | -80.2% |
| Taxes | 450/3 | €18,118 | €3,596 | -€14,522 | -80.2% |
| Other amounts payable | 47/48 | €226,457 | €1,474 | -€224,983 | -99.3% |
| Accrued charges and deferred income | 492/3 | €1,990 | €0 | -€1,990 | -100.0% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,733 | €0 | -€5,733 | -100.0% |
| Other operating charges | 640/8 | €1,227 | €2,076 | +€850 | +69.3% |
| Non-recurring operating charges | 66A | - | €26,809 | +€26,809 | |
| Gross operating margin | 9900 | €21,380 | €56,954 | +€35,574 | +166.4% |
| Operating profit (loss) | 9901 | €14,420 | €28,068 | +€13,648 | +94.6% |
| Financial income | 75/76B | €160 | €138 | -€22 | -13.9% |
| Recurring financial income | 75 | €160 | €138 | -€22 | -13.9% |
| Financial charges | 65/66B | €7,204 | €6,880 | -€324 | -4.5% |
| Recurring financial charges | 65 | €7,204 | €6,880 | -€324 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €7,376 | €21,326 | +€13,950 | +189.1% |
| Income taxes | 67/77 | €2,637 | €5,338 | +€2,701 | +102.4% |
| Profit (loss) for the period | 9904 | €4,739 | €15,988 | +€11,249 | +237.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,739 | €15,988 | +€11,249 | +237.4% |
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 12 October 2026 via checked.be.