IMMO 2015: 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 2015
Largest movements
- Tangible fixed assets -€198,692
down €198,692 (-23.7%), from €837,707 to €639,015
of which Land and buildings: -€198,299
- Receivables within one year +€44,892
up €44,892 (+30032.0%), from €149 to €45,041
of which Trade receivables: +€45,000
- Debts after one year -€272,626
down €272,626 (-16.7%), from €1.6m to €1.4m
- Reserves +€133,932
up €133,932 (+766.0%), from €17,486 to €151,418
- Other debts -€83,689
down €83,689 (-27.3%), from €306,844 to €223,155
- Profit (loss) carried forward +€45,026
up €45,026 (+10.2%), from -€443,251 to -€398,225
- Provisions +€41,469
up €41,469 (+460.6%), from €9,004 to €50,473
- Gross operating margin +€203,708
up €203,708 (+192.9%), from €105,597 to €309,305
- Depreciation -€8,123
down €8,123 (-17.0%), from €47,869 to €39,746
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 | €1,751,582 | €1,605,779 | -€145,802 | -8.3% |
| Fixed assets | 21/28 | €1,735,035 | €1,536,343 | -€198,692 | -11.5% |
| Tangible fixed assets | 22/27 | €837,707 | €639,015 | -€198,692 | -23.7% |
| Land and buildings | 22 | €835,822 | €637,523 | -€198,299 | -23.7% |
| Plant, machinery and equipment | 23 | €1,885 | €1,492 | -€393 | -20.9% |
| Financial fixed assets | 28 | €897,328 | €897,328 | = | 0.0% |
| Current assets | 29/58 | €16,547 | €69,437 | +€52,890 | +319.6% |
| Amounts receivable within one year | 40/41 | €149 | €45,041 | +€44,892 | +30032.0% |
| Trade receivables | 40 | €0 | €45,000 | +€45,000 | |
| Other amounts receivable | 41 | €149 | €41 | -€108 | -72.3% |
| Cash at bank and in hand | 54/58 | €16,398 | €24,395 | +€7,998 | +48.8% |
| Total equity and liabilities | 10/49 | €1,751,582 | €1,605,779 | -€145,802 | -8.3% |
| Equity | 10/15 | -€263,792 | -€84,834 | +€178,958 | +67.8% |
| Contributions | 10/11 | €161,973 | €161,973 | = | 0.0% |
| Reserves | 13 | €17,486 | €151,418 | +€133,932 | +766.0% |
| Tax-exempt reserves | 132 | €17,486 | €151,418 | +€133,932 | +766.0% |
| Profit (loss) carried forward | 14 | -€443,251 | -€398,225 | +€45,026 | +10.2% |
| Provisions and deferred taxes | 16 | €9,004 | €50,473 | +€41,469 | +460.6% |
| Deferred taxes | 168 | €9,004 | €50,473 | +€41,469 | +460.6% |
| Amounts payable | 17/49 | €2,006,371 | €1,640,141 | -€366,229 | -18.3% |
| Amounts payable after more than one year | 17 | €1,636,106 | €1,363,480 | -€272,626 | -16.7% |
| Financial debts | 170/4 | €1,636,106 | €1,363,480 | -€272,626 | -16.7% |
| Amounts payable within one year | 42/48 | €368,989 | €276,117 | -€92,872 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €58,096 | €48,095 | -€10,001 | -17.2% |
| Trade debts | 44 | €191 | €1,424 | +€1,233 | +646.7% |
| Suppliers | 440/4 | €191 | €1,424 | +€1,233 | +646.7% |
| Taxes, remuneration and social security | 45 | €3,859 | €3,443 | -€416 | -10.8% |
| Taxes | 450/3 | €3,859 | €3,443 | -€416 | -10.8% |
| Other amounts payable | 47/48 | €306,844 | €223,155 | -€83,689 | -27.3% |
| Accrued charges and deferred income | 492/3 | €1,275 | €544 | -€731 | -57.3% |
| Non-recurring operating income | 76A | - | €201,880 | +€201,880 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,869 | €39,746 | -€8,123 | -17.0% |
| Other operating charges | 640/8 | €13,566 | €14,448 | +€882 | +6.5% |
| Gross operating margin | 9900 | €105,597 | €309,305 | +€203,708 | +192.9% |
| Operating profit (loss) | 9901 | €44,163 | €255,111 | +€210,948 | +477.7% |
| Financial income | 75/76B | €576 | €138 | -€438 | -76.0% |
| Recurring financial income | 75 | €576 | €138 | -€438 | -76.0% |
| Financial charges | 65/66B | €36,584 | €34,822 | -€1,762 | -4.8% |
| Recurring financial charges | 65 | €36,584 | €34,822 | -€1,762 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €8,155 | €220,427 | +€212,272 | +2603.1% |
| Transfer from deferred taxes | 780 | €1,870 | €9,004 | +€7,134 | +381.5% |
| Transfer to deferred taxes | 680 | - | €50,473 | +€50,473 | |
| Profit (loss) for the period | 9904 | €10,024 | €178,958 | +€168,934 | +1685.2% |
| Transfer from tax-exempt reserves | 789 | €3,631 | €17,486 | +€13,854 | +381.5% |
| Transfer to tax-exempt reserves | 689 | - | €151,418 | +€151,418 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,655 | €45,026 | +€31,371 | +229.7% |
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 2 October 2026 via checked.be.