IMMO 120: 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 120
Largest movements
- Tangible fixed assets -€26,529
down €26,529 (-7.4%), from €357,385 to €330,856
of which Land and buildings: -€26,021
- Cash -€21,209
down €21,209 (-71.9%), from €29,517 to €8,308
mainly Other debts (-€43,500) and Debts after one year (-€23,422)
- Other debts -€43,500
down €43,500 (-92.7%), from €46,947 to €3,447
- Profit (loss) carried forward +€28,072
up €28,072 (+24.4%), from €115,057 to €143,129
- Debts after one year -€23,422
down €23,422 (-24.3%), from €96,489 to €73,067
of which Financial debts: -€27,282
- Reserves -€5,526
down €5,526 (-8.4%), from €65,411 to €59,885
- Gross operating margin -€9,537
down €9,537 (-11.9%), from €80,314 to €70,778
- Taxes -€2,440
down €2,440 (-20.7%), from €11,810 to €9,370
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €389,943 | €343,763 | -€46,180 | -11.8% |
| Fixed assets | 21/28 | €357,385 | €330,856 | -€26,529 | -7.4% |
| Tangible fixed assets | 22/27 | €357,385 | €330,856 | -€26,529 | -7.4% |
| Land and buildings | 22 | €354,690 | €328,668 | -€26,021 | -7.3% |
| Plant, machinery and equipment | 23 | €2,695 | €2,188 | -€507 | -18.8% |
| Current assets | 29/58 | €32,558 | €12,907 | -€19,651 | -60.4% |
| Amounts receivable within one year | 40/41 | €190 | €2,821 | +€2,630 | +1,382% |
| Other amounts receivable | 41 | €190 | €2,821 | +€2,630 | +1,382% |
| Cash at bank and in hand | 54/58 | €29,517 | €8,308 | -€21,209 | -71.9% |
| Deferred charges and accrued income | 490/1 | €2,851 | €1,779 | -€1,072 | -37.6% |
| Total equity and liabilities | 10/49 | €389,943 | €343,763 | -€46,180 | -11.8% |
| Equity | 10/15 | €183,618 | €206,164 | +€22,545 | +12.3% |
| Contributions | 10/11 | €3,150 | €3,150 | = | 0.0% |
| Reserves | 13 | €65,411 | €59,885 | -€5,526 | -8.4% |
| Tax-exempt reserves | 132 | €65,411 | €59,885 | -€5,526 | -8.4% |
| Profit (loss) carried forward | 14 | €115,057 | €143,129 | +€28,072 | +24.4% |
| Provisions and deferred taxes | 16 | €31,705 | €28,855 | -€2,851 | -9.0% |
| Deferred taxes | 168 | €31,705 | €28,855 | -€2,851 | -9.0% |
| Amounts payable | 17/49 | €174,619 | €108,745 | -€65,875 | -37.7% |
| Amounts payable after more than one year | 17 | €96,489 | €73,067 | -€23,422 | -24.3% |
| Financial debts | 170/4 | €96,489 | €69,207 | -€27,282 | -28.3% |
| Other amounts payable | 178/9 | - | €3,860 | +€3,860 | |
| Amounts payable within one year | 42/48 | €78,130 | €35,678 | -€42,452 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €30,263 | €30,996 | +€732 | +2.4% |
| Trade debts | 44 | €920 | €1,235 | +€315 | +34.3% |
| Suppliers | 440/4 | €920 | €1,235 | +€315 | +34.3% |
| Other amounts payable | 47/48 | €46,947 | €3,447 | -€43,500 | -92.7% |
| Remuneration, social security and pensions | 62 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,603 | €28,360 | +€756 | +2.7% |
| Other operating charges | 640/8 | €9,309 | €9,674 | +€365 | +3.9% |
| Gross operating margin | 9900 | €80,314 | €70,778 | -€9,537 | -11.9% |
| Operating profit (loss) | 9901 | €43,242 | €32,744 | -€10,498 | -24.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,380 | €3,679 | -€701 | -16.0% |
| Recurring financial charges | 65 | €4,380 | €3,679 | -€701 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €38,861 | €29,064 | -€9,797 | -25.2% |
| Transfer from deferred taxes | 780 | €2,851 | €2,851 | = | 0.0% |
| Income taxes | 67/77 | €11,810 | €9,370 | -€2,440 | -20.7% |
| Profit (loss) for the period | 9904 | €29,902 | €22,545 | -€7,357 | -24.6% |
| Transfer from tax-exempt reserves | 789 | €5,526 | €5,526 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,429 | €28,072 | -€7,357 | -20.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.