IMMO 2017: 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 2017
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+1024.7%), from €122,403 to €1.4m
of which Land and buildings: +€1.3m
- Financial fixed assets -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Receivables within one year -€95,090
down €95,090 (-100.0%), from €95,090 to €0
of which Other amounts receivable: -€95,090
- Other debts +€38,339
up €38,339 (+26.1%), from €146,659 to €184,998
- Debts after one year -€15,844
down €15,844 (-1.5%), from €1.1m to €1.0m
- Gross operating margin +€56,806
up €56,806 (+109.9%), from €51,692 to €108,499
- Depreciation +€48,739
up €48,739 (+460.9%), from €10,576 to €59,315
- Other operating charges +€8,664
up €8,664 (+97.9%), from €8,854 to €17,518
- Taxes +€4,001
up €4,001 (+96.1%), from €4,162 to €8,163
- Financial income -€3,850
down €3,850 (-90.5%), from €4,255 to €405
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 | €1,378,775 | €1,407,214 | +€28,440 | +2.1% |
| Fixed assets | 21/28 | €1,251,138 | €1,376,627 | +€125,488 | +10.0% |
| Tangible fixed assets | 22/27 | €122,403 | €1,376,627 | +€1.3m | +1024.7% |
| Land and buildings | 22 | €101,286 | €1,360,359 | +€1.3m | +1243.1% |
| Plant, machinery and equipment | 23 | €21,117 | €16,268 | -€4,849 | -23.0% |
| Financial fixed assets | 28 | €1,128,736 | €0 | -€1.1m | -100.0% |
| Current assets | 29/58 | €127,636 | €30,588 | -€97,049 | -76.0% |
| Amounts receivable within one year | 40/41 | €95,090 | €0 | -€95,090 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €95,090 | €0 | -€95,090 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,546 | €30,588 | -€1,959 | -6.0% |
| Total equity and liabilities | 10/49 | €1,378,775 | €1,407,214 | +€28,440 | +2.1% |
| Equity | 10/15 | €148,010 | €152,653 | +€4,643 | +3.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €14,106 | €14,106 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €7,908 | €7,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,931 | €76,573 | +€4,643 | +6.5% |
| Amounts payable | 17/49 | €1,230,765 | €1,254,562 | +€23,797 | +1.9% |
| Amounts payable after more than one year | 17 | €1,056,958 | €1,041,114 | -€15,844 | -1.5% |
| Financial debts | 170/4 | €1,056,958 | €1,041,114 | -€15,844 | -1.5% |
| Amounts payable within one year | 42/48 | €173,807 | €213,448 | +€39,641 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €25,342 | €25,652 | +€310 | +1.2% |
| Trade debts | 44 | €66 | €161 | +€95 | +144.5% |
| Suppliers | 440/4 | €66 | €161 | +€95 | +144.5% |
| Taxes, remuneration and social security | 45 | €1,740 | €2,637 | +€897 | +51.5% |
| Taxes | 450/3 | €1,740 | €2,637 | +€897 | +51.5% |
| Other amounts payable | 47/48 | €146,659 | €184,998 | +€38,339 | +26.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €544 | €0 | -€544 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,576 | €59,315 | +€48,739 | +460.9% |
| Other operating charges | 640/8 | €8,854 | €17,518 | +€8,664 | +97.9% |
| Gross operating margin | 9900 | €51,692 | €108,499 | +€56,806 | +109.9% |
| Operating profit (loss) | 9901 | €32,263 | €31,666 | -€597 | -1.8% |
| Financial income | 75/76B | €4,255 | €405 | -€3,850 | -90.5% |
| Recurring financial income | 75 | €4,255 | €405 | -€3,850 | -90.5% |
| Financial charges | 65/66B | €19,810 | €19,265 | -€545 | -2.8% |
| Recurring financial charges | 65 | €19,810 | €19,265 | -€545 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €16,708 | €12,806 | -€3,902 | -23.4% |
| Income taxes | 67/77 | €4,162 | €8,163 | +€4,001 | +96.1% |
| Profit (loss) for the period | 9904 | €12,546 | €4,643 | -€7,903 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,546 | €4,643 | -€7,903 | -63.0% |
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 3 October 2026 via checked.be.