IMMO 2: 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 2
Largest movements
- Cash +€20,070
up €20,070 (+39.7%), from €50,584 to €70,653
mainly Net result for the year (+€20,731) and Accrued charges and deferred income (+€386)
- Reserves +€141,838
up €141,838 (+10,476%), from €1,354 to €143,192
of which Distributable reserves: +€141,838
- Profit (loss) carried forward -€121,108
down €121,108 (-100%), from €121,108 to €0
- Gross operating margin +€1,453
up €1,453 (+5.7%), from €25,365 to €26,819
- Financial income +€933
up €933 (+242%), from €386 to €1,319
- Taxes +€786
up €786 (+13.2%), from €5,941 to €6,727
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.
Derived cash bridge
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 | €157,282 | €178,310 | +€21,028 | +13.4% |
| Fixed assets | 21/28 | €20,223 | €20,223 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,223 | €20,223 | = | 0.0% |
| Land and buildings | 22 | €20,223 | €20,223 | = | 0.0% |
| Current assets | 29/58 | €137,059 | €158,088 | +€21,028 | +15.3% |
| Amounts receivable within one year | 40/41 | €867 | €902 | +€35 | +4.1% |
| Other amounts receivable | 41 | €867 | €902 | +€35 | +4.1% |
| Current investments | 50/53 | €85,609 | €86,532 | +€923 | +1.1% |
| Cash at bank and in hand | 54/58 | €50,584 | €70,653 | +€20,070 | +39.7% |
| Total equity and liabilities | 10/49 | €157,282 | €178,310 | +€21,028 | +13.4% |
| Equity | 10/15 | €133,347 | €154,077 | +€20,731 | +15.5% |
| Contributions | 10/11 | €10,885 | €10,885 | = | 0.0% |
| Reserves | 13 | €1,354 | €143,192 | +€141,838 | +10,476% |
| Non-distributable reserves | 130/1 | €1,089 | €1,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,089 | €1,089 | = | 0.0% |
| Distributable reserves | 133 | €265 | €142,104 | +€141,838 | +53,427% |
| Profit (loss) carried forward | 14 | €121,108 | €0 | -€121,108 | -100% |
| Amounts payable | 17/49 | €23,935 | €24,233 | +€298 | +1.2% |
| Amounts payable within one year | 42/48 | €6,000 | €5,912 | -€88 | -1.5% |
| Trade debts | 44 | €2,000 | €2,080 | +€80 | +4.0% |
| Suppliers | 440/4 | €2,000 | €2,080 | +€80 | +4.0% |
| Taxes, remuneration and social security | 45 | €4,000 | €3,832 | -€168 | -4.2% |
| Taxes | 450/3 | €4,000 | €3,832 | -€168 | -4.2% |
| Accrued charges and deferred income | 492/3 | €17,935 | €18,321 | +€386 | +2.2% |
| Other operating charges | 640/8 | €555 | €620 | +€64 | +11.6% |
| Gross operating margin | 9900 | €25,365 | €26,819 | +€1,453 | +5.7% |
| Operating profit (loss) | 9901 | €24,810 | €26,199 | +€1,389 | +5.6% |
| Financial income | 75/76B | €386 | €1,319 | +€933 | +242% |
| Recurring financial income | 75 | €386 | €1,319 | +€933 | +242% |
| Financial charges | 65/66B | €30 | €60 | +€30 | +100% |
| Recurring financial charges | 65 | €30 | €60 | +€30 | +100% |
| Profit (loss) for the period before taxes | 9903 | €25,166 | €27,458 | +€2,292 | +9.1% |
| Income taxes | 67/77 | €5,941 | €6,727 | +€786 | +13.2% |
| Profit (loss) for the period | 9904 | €19,225 | €20,731 | +€1,506 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,225 | €20,731 | +€1,506 | +7.8% |
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 14 October 2026 via checked.be.