IMMO 13: 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 13
Largest movements
- Cash +€25,169
up €25,169 (+7.5%), from €334,941 to €360,110
mainly Net result for the year (+€86,804) and Depreciation (+€34,159)
- Tangible fixed assets -€12,316
down €12,316 (-4.4%), from €282,576 to €270,260
of which Land and buildings: -€13,369
- Reserves +€85,745
up €85,745 (+32.2%), from €266,578 to €352,323
of which Distributable reserves: +€81,000
- Profit (loss) carried forward -€83,941
down €83,941 (-89.4%), from €93,873 to €9,932
- Tax, wage and social debts +€7,109
up €7,109 (+121.5%), from €5,853 to €12,962
of which Taxes: +€10,096
- Staff costs -€22,866
down €22,866 (-77.2%), from €29,603 to €6,738
- Depreciation -€14,056
down €14,056 (-29.2%), from €48,215 to €34,159
- Taxes +€5,275
up €5,275 (+18.9%), from €27,866 to €33,141
- Gross operating margin -€5,123
down €5,123 (-2.6%), from €196,398 to €191,276
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.
Cash bridge derived
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 | €627,697 | €638,542 | +€10,844 | +1.7% |
| Fixed assets | 21/28 | €282,621 | €270,305 | -€12,316 | -4.4% |
| Tangible fixed assets | 22/27 | €282,576 | €270,260 | -€12,316 | -4.4% |
| Land and buildings | 22 | €282,576 | €269,207 | -€13,369 | -4.7% |
| Furniture and vehicles | 24 | - | €1,053 | +€1,053 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €345,077 | €368,237 | +€23,160 | +6.7% |
| Amounts receivable within one year | 40/41 | - | €1,039 | +€1,039 | |
| Trade receivables | 40 | - | €1,039 | +€1,039 | |
| Cash at bank and in hand | 54/58 | €334,941 | €360,110 | +€25,169 | +7.5% |
| Deferred charges and accrued income | 490/1 | €10,135 | €7,088 | -€3,047 | -30.1% |
| Total equity and liabilities | 10/49 | €627,697 | €638,542 | +€10,844 | +1.7% |
| Equity | 10/15 | €618,211 | €620,015 | +€1,804 | +0.3% |
| Contributions | 10/11 | €257,760 | €257,760 | = | 0.0% |
| Capital | 10 | €257,760 | €257,760 | = | 0.0% |
| Issued capital | 100 | €257,760 | €257,760 | = | 0.0% |
| Reserves | 13 | €266,578 | €352,323 | +€85,745 | +32.2% |
| Non-distributable reserves | 130/1 | €5,578 | €10,323 | +€4,745 | +85.1% |
| Legal reserve | 130 | €5,578 | €10,323 | +€4,745 | +85.1% |
| Distributable reserves | 133 | €261,000 | €342,000 | +€81,000 | +31.0% |
| Profit (loss) carried forward | 14 | €93,873 | €9,932 | -€83,941 | -89.4% |
| Amounts payable | 17/49 | €9,486 | €18,527 | +€9,041 | +95.3% |
| Amounts payable within one year | 42/48 | €9,486 | €14,157 | +€4,671 | +49.2% |
| Trade debts | 44 | €3,079 | €641 | -€2,438 | -79.2% |
| Suppliers | 440/4 | €3,079 | €641 | -€2,438 | -79.2% |
| Taxes, remuneration and social security | 45 | €5,853 | €12,962 | +€7,109 | +121.5% |
| Taxes | 450/3 | €2,866 | €12,962 | +€10,096 | +352.3% |
| Remuneration and social security | 454/9 | €2,987 | - | -€2,987 | |
| Other amounts payable | 47/48 | €554 | €554 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,369 | +€4,369 | |
| Remuneration, social security and pensions | 62 | €29,603 | €6,738 | -€22,866 | -77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,215 | €34,159 | -€14,056 | -29.2% |
| Other operating charges | 640/8 | €30,243 | €29,929 | -€314 | -1.0% |
| Gross operating margin | 9900 | €196,398 | €191,276 | -€5,123 | -2.6% |
| Operating profit (loss) | 9901 | €88,337 | €120,450 | +€32,113 | +36.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €496 | €504 | +€8 | +1.7% |
| Recurring financial charges | 65 | €496 | €504 | +€8 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €87,841 | €119,945 | +€32,105 | +36.5% |
| Income taxes | 67/77 | €27,866 | €33,141 | +€5,275 | +18.9% |
| Profit (loss) for the period | 9904 | €59,975 | €86,804 | +€26,829 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €59,975 | €86,804 | +€26,829 | +44.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.