IMMO 21: 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 21
Largest movements
- Tangible fixed assets -€1,494
down €1,494 (-2.8%), from €54,211 to €52,718
- Other debts -€2,920
down €2,920 (-34.4%), from €8,494 to €5,574
- Reserves +€2,341
up €2,341 (+5.4%), from €42,982 to €45,324
- Tax, wage and social debts -€819
down €819 (-45.6%), from €1,797 to €978
- Gross operating margin -€1,855
down €1,855 (-21.1%), from €8,773 to €6,919
- Taxes -€1,009
down €1,009 (-50.8%), from €1,986 to €978
- Other operating charges +€446
up €446 (+29.6%), from €1,503 to €1,949
- Depreciation -€280
down €280 (-15.8%), from €1,774 to €1,494
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 | €54,222 | €52,843 | -€1,380 | -2.5% |
| Fixed assets | 21/28 | €54,211 | €52,718 | -€1,494 | -2.8% |
| Tangible fixed assets | 22/27 | €54,211 | €52,718 | -€1,494 | -2.8% |
| Land and buildings | 22 | €54,211 | €52,718 | -€1,494 | -2.8% |
| Current assets | 29/58 | €11 | €125 | +€114 | +1031.2% |
| Cash at bank and in hand | 54/58 | €11 | €65 | +€54 | +491.0% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €54,222 | €52,843 | -€1,380 | -2.5% |
| Equity | 10/15 | €42,982 | €45,324 | +€2,341 | +5.4% |
| Reserves | 13 | €42,982 | €45,324 | +€2,341 | +5.4% |
| Distributable reserves | 133 | €42,982 | €45,324 | +€2,341 | +5.4% |
| Amounts payable | 17/49 | €11,240 | €7,519 | -€3,721 | -33.1% |
| Amounts payable within one year | 42/48 | €10,291 | €6,552 | -€3,739 | -36.3% |
| Taxes, remuneration and social security | 45 | €1,797 | €978 | -€819 | -45.6% |
| Taxes | 450/3 | €1,797 | €978 | -€819 | -45.6% |
| Other amounts payable | 47/48 | €8,494 | €5,574 | -€2,920 | -34.4% |
| Accrued charges and deferred income | 492/3 | €949 | €967 | +€18 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,774 | €1,494 | -€280 | -15.8% |
| Other operating charges | 640/8 | €1,503 | €1,949 | +€446 | +29.6% |
| Gross operating margin | 9900 | €8,773 | €6,919 | -€1,855 | -21.1% |
| Operating profit (loss) | 9901 | €5,496 | €3,476 | -€2,020 | -36.8% |
| Financial charges | 65/66B | €142 | €157 | +€15 | +10.5% |
| Recurring financial charges | 65 | €142 | €157 | +€15 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €5,354 | €3,319 | -€2,035 | -38.0% |
| Income taxes | 67/77 | €1,986 | €978 | -€1,009 | -50.8% |
| Profit (loss) for the period | 9904 | €3,368 | €2,341 | -€1,027 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,368 | €2,341 | -€1,027 | -30.5% |
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 5 October 2026 via checked.be.