IMMO 123: 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.
IMMO 123
Largest movements
- Receivables after one year +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Receivables within one year -€90,897
down €90,897 (-37.5%), from €242,296 to €151,399
of which Other amounts receivable: -€88,310
- Tangible fixed assets -€27,641
down €27,641 (-6.6%), from €416,979 to €389,338
- Debts after one year -€21,065
down €21,065 (-16.3%), from €129,402 to €108,337
of which Financial debts: -€21,065
- Profit (loss) carried forward +€14,229
up €14,229 (+5.8%), from €247,093 to €261,321
- Gross operating margin +€6,157
up €6,157 (+15.0%), from €41,016 to €47,173
- Taxes +€1,111
up €1,111 (+26.3%), from €4,219 to €5,330
- Other operating charges +€562
up €562 (+9.6%), from €5,844 to €6,406
- Financial charges -€486
down €486 (-11.4%), from €4,252 to €3,766
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 | €763,000 | €748,372 | -€14,628 | -1.9% |
| Fixed assets | 21/28 | €416,979 | €389,338 | -€27,641 | -6.6% |
| Tangible fixed assets | 22/27 | €416,979 | €389,338 | -€27,641 | -6.6% |
| Land and buildings | 22 | €416,979 | €389,338 | -€27,641 | -6.6% |
| Current assets | 29/58 | €346,021 | €359,035 | +€13,014 | +3.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Other amounts receivable | 291 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Amounts receivable within one year | 40/41 | €242,296 | €151,399 | -€90,897 | -37.5% |
| Trade receivables | 40 | €10,098 | €7,511 | -€2,587 | -25.6% |
| Other amounts receivable | 41 | €232,198 | €143,888 | -€88,310 | -38.0% |
| Cash at bank and in hand | 54/58 | €935 | €7,635 | +€6,700 | +716.8% |
| Deferred charges and accrued income | 490/1 | €2,790 | - | -€2,790 | |
| Total equity and liabilities | 10/49 | €763,000 | €748,372 | -€14,628 | -1.9% |
| Equity | 10/15 | €597,500 | €611,729 | +€14,229 | +2.4% |
| Contributions | 10/11 | €264,007 | €264,007 | = | 0.0% |
| Capital | 10 | €264,007 | €264,007 | = | 0.0% |
| Issued capital | 100 | €264,007 | €264,007 | = | 0.0% |
| Reserves | 13 | €86,401 | €86,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,401 | €26,401 | = | 0.0% |
| Legal reserve | 130 | €26,401 | €26,401 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €247,093 | €261,321 | +€14,229 | +5.8% |
| Amounts payable | 17/49 | €165,500 | €136,644 | -€28,856 | -17.4% |
| Amounts payable after more than one year | 17 | €129,402 | €108,337 | -€21,065 | -16.3% |
| Financial debts | 170/4 | €128,902 | €107,837 | -€21,065 | -16.3% |
| Other amounts payable | 178/9 | €500 | €500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €35,398 | €28,307 | -€7,091 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €20,528 | €21,065 | +€537 | +2.6% |
| Trade debts | 44 | €6,728 | €1,912 | -€4,815 | -71.6% |
| Suppliers | 440/4 | €6,728 | €1,912 | -€4,815 | -71.6% |
| Taxes, remuneration and social security | 45 | €8,142 | €5,330 | -€2,813 | -34.5% |
| Taxes | 450/3 | €8,142 | €5,330 | -€2,813 | -34.5% |
| Accrued charges and deferred income | 492/3 | €700 | - | -€700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,641 | €27,641 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,844 | €6,406 | +€562 | +9.6% |
| Gross operating margin | 9900 | €41,016 | €47,173 | +€6,157 | +15.0% |
| Operating profit (loss) | 9901 | €7,531 | €13,125 | +€5,595 | +74.3% |
| Financial income | 75/76B | €10,540 | €10,198 | -€342 | -3.2% |
| Recurring financial income | 75 | €10,540 | €10,198 | -€342 | -3.2% |
| Financial charges | 65/66B | €4,252 | €3,766 | -€486 | -11.4% |
| Recurring financial charges | 65 | €4,252 | €3,766 | -€486 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €13,819 | €19,558 | +€5,739 | +41.5% |
| Income taxes | 67/77 | €4,219 | €5,330 | +€1,111 | +26.3% |
| Profit (loss) for the period | 9904 | €9,600 | €14,229 | +€4,629 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,600 | €14,229 | +€4,629 | +48.2% |
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 8 October 2026 via checked.be.