IMMO 2001: 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 2001
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+29.9%), from €3.8m to €4.9m
of which Assets under construction and advance payments: +€695,673
- Cash +€314,066
up €314,066 (+294%), from €106,904 to €420,970
mainly Debts after one year (+€1.4m) and Depreciation (+€100,961)
- Debts after one year +€1.4m
up €1.4m (+58.4%), from €2.4m to €3.8m
- Financial charges +€34,694
up €34,694 (+62.6%), from €55,439 to €90,133
- Depreciation +€25,889
up €25,889 (+34.5%), from €75,073 to €100,961
- Gross operating margin +€20,675
up €20,675 (+9.4%), from €221,068 to €241,743
- Other operating charges -€14,674
down €14,674 (-60.0%), from €24,457 to €9,784
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 | €3,896,406 | €5,326,765 | +€1.4m | +36.7% |
| Fixed assets | 21/28 | €3,764,513 | €4,890,096 | +€1.1m | +29.9% |
| Tangible fixed assets | 22/27 | €3,764,513 | €4,890,096 | +€1.1m | +29.9% |
| Land and buildings | 22 | €2,797,147 | €3,227,057 | +€429,911 | +15.4% |
| Assets under construction and advance payments | 27 | €967,366 | €1,663,039 | +€695,673 | +71.9% |
| Current assets | 29/58 | €131,893 | €436,668 | +€304,776 | +231% |
| Amounts receivable within one year | 40/41 | €16,233 | €6,250 | -€9,983 | -61.5% |
| Trade receivables | 40 | €6,983 | - | -€6,983 | |
| Other amounts receivable | 41 | €9,250 | €6,250 | -€3,000 | -32.4% |
| Cash at bank and in hand | 54/58 | €106,904 | €420,970 | +€314,066 | +294% |
| Deferred charges and accrued income | 490/1 | €8,755 | €9,449 | +€693 | +7.9% |
| Total equity and liabilities | 10/49 | €3,896,406 | €5,326,765 | +€1.4m | +36.7% |
| Equity | 10/15 | €84,756 | €125,621 | +€40,865 | +48.2% |
| Contributions | 10/11 | €101,392 | €101,392 | = | 0.0% |
| Capital | 10 | €101,392 | €101,392 | = | 0.0% |
| Issued capital | 100 | €101,392 | €101,392 | = | 0.0% |
| Reserves | 13 | €50,392 | €50,392 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,139 | €10,139 | = | 0.0% |
| Legal reserve | 130 | €10,139 | €10,139 | = | 0.0% |
| Distributable reserves | 133 | €40,252 | €40,252 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,028 | -€26,162 | +€40,865 | +61.0% |
| Amounts payable | 17/49 | €3,811,650 | €5,201,144 | +€1.4m | +36.5% |
| Amounts payable after more than one year | 17 | €2,399,952 | €3,800,943 | +€1.4m | +58.4% |
| Financial debts | 170/4 | €2,399,952 | €3,800,943 | +€1.4m | +58.4% |
| Amounts payable within one year | 42/48 | €1,401,698 | €1,390,200 | -€11,497 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €97,173 | €99,009 | +€1,836 | +1.9% |
| Trade debts | 44 | €524 | €7,613 | +€7,089 | +1,352% |
| Suppliers | 440/4 | €524 | €7,613 | +€7,089 | +1,352% |
| Taxes, remuneration and social security | 45 | €39,460 | €19,038 | -€20,422 | -51.8% |
| Taxes | 450/3 | €39,460 | €19,038 | -€20,422 | -51.8% |
| Other amounts payable | 47/48 | €1,264,540 | €1,264,540 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,000 | €10,000 | = | 0.0% |
| Non-recurring operating income | 76A | €70,000 | €70,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,073 | €100,961 | +€25,889 | +34.5% |
| Other operating charges | 640/8 | €24,457 | €9,784 | -€14,674 | -60.0% |
| Gross operating margin | 9900 | €221,068 | €241,743 | +€20,675 | +9.4% |
| Operating profit (loss) | 9901 | €121,538 | €130,999 | +€9,460 | +7.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €55,439 | €90,133 | +€34,694 | +62.6% |
| Recurring financial charges | 65 | €55,439 | €90,133 | +€34,694 | +62.6% |
| Profit (loss) for the period before taxes | 9903 | €66,099 | €40,865 | -€25,234 | -38.2% |
| Profit (loss) for the period | 9904 | €66,099 | €40,865 | -€25,234 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,099 | €40,865 | -€25,234 | -38.2% |
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.