IMMO 1789: 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 1789
Largest movements
- Tangible fixed assets -€84,138
down €84,138 (-5.3%), from €1.6m to €1.5m
of which Land and buildings: -€83,957
- Cash +€19,779
up €19,779 (+460.7%), from €4,293 to €24,073
mainly Depreciation (+€90,032) and Net result for the year (+€37,200)
- Debts after one year -€146,427
down €146,427 (-10.3%), from €1.4m to €1.3m
- Profit (loss) carried forward +€37,200
up €37,200 (+58.7%), from €63,334 to €100,534
- Other debts +€33,900
new in 2025: €33,900
- Gross operating margin +€4,597
up €4,597 (+2.8%), from €161,496 to €166,093
- Financial charges -€2,560
down €2,560 (-8.8%), from €28,944 to €26,383
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 | €1,665,795 | €1,595,549 | -€70,246 | -4.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €1,660,452 | €1,570,420 | -€90,032 | -5.4% |
| Intangible fixed assets | 21 | €70,736 | €64,842 | -€5,895 | -8.3% |
| Tangible fixed assets | 22/27 | €1,589,716 | €1,505,578 | -€84,138 | -5.3% |
| Land and buildings | 22 | €1,588,632 | €1,504,675 | -€83,957 | -5.3% |
| Plant, machinery and equipment | 23 | €1,084 | €903 | -€181 | -16.7% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Current assets | 29/58 | €5,343 | €25,129 | +€19,786 | +370.3% |
| Cash at bank and in hand | 54/58 | €4,293 | €24,073 | +€19,779 | +460.7% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,057 | +€7 | +0.7% |
| Total equity and liabilities | 10/49 | €1,665,795 | €1,595,549 | -€70,246 | -4.2% |
| Equity | 10/15 | €83,794 | €120,994 | +€37,200 | +44.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,334 | €100,534 | +€37,200 | +58.7% |
| Amounts payable | 17/49 | €1,582,001 | €1,474,555 | -€107,446 | -6.8% |
| Amounts payable after more than one year | 17 | €1,420,114 | €1,273,687 | -€146,427 | -10.3% |
| Financial debts | 170/4 | €1,420,114 | €1,273,687 | -€146,427 | -10.3% |
| Amounts payable within one year | 42/48 | €161,887 | €200,868 | +€38,982 | +24.1% |
| Financial debts | 43 | €144,093 | €146,427 | +€2,335 | +1.6% |
| Credit institutions | 430/8 | €113,507 | €115,525 | +€2,019 | +1.8% |
| Other loans | 439 | €30,586 | €30,902 | +€316 | +1.0% |
| Trade debts | 44 | - | €1,059 | +€1,059 | |
| Suppliers | 440/4 | - | €1,059 | +€1,059 | |
| Taxes, remuneration and social security | 45 | €17,794 | €19,482 | +€1,688 | +9.5% |
| Taxes | 450/3 | €17,794 | €19,482 | +€1,688 | +9.5% |
| Other amounts payable | 47/48 | - | €33,900 | +€33,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,032 | €90,032 | = | 0.0% |
| Gross operating margin | 9900 | €161,496 | €166,093 | +€4,597 | +2.8% |
| Operating profit (loss) | 9901 | €71,464 | €76,061 | +€4,597 | +6.4% |
| Financial charges | 65/66B | €28,944 | €26,383 | -€2,560 | -8.8% |
| Recurring financial charges | 65 | €28,944 | €26,383 | -€2,560 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €42,520 | €49,678 | +€7,157 | +16.8% |
| Income taxes | 67/77 | €11,587 | €12,478 | +€891 | +7.7% |
| Profit (loss) for the period | 9904 | €30,934 | €37,200 | +€6,266 | +20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,934 | €37,200 | +€6,266 | +20.3% |
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 7 October 2026 via checked.be.