IMMO 28: 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 28
Largest movements
- Receivables within one year +€13,695
new in 2025: €13,695
- Receivables after one year -€5,159
no longer reported in 2025 (was €5,159)
- Cash +€5,118
up €5,118 (+48.6%), from €10,521 to €15,639
mainly Other debts (+€30,179) and Depreciation (+€19,950)
- Tangible fixed assets -€4,450
down €4,450 (-2.0%), from €227,985 to €223,535
of which Land and buildings: -€12,491
- Other debts +€30,179
up €30,179 (+791%), from €3,814 to €33,993
- Profit (loss) carried forward -€13,389
down €13,389 (-20.7%), from -€64,811 to -€78,199
- Debts after one year -€7,262
down €7,262 (-16.3%), from €44,581 to €37,320
- Gross operating margin -€12,935
down €12,935 (-57.3%), from €22,581 to €9,646
- Other operating charges -€284
down €284 (-29.3%), from €969 to €685
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 | €243,915 | €253,120 | +€9,205 | +3.8% |
| Fixed assets | 21/28 | €228,235 | €223,785 | -€4,450 | -1.9% |
| Tangible fixed assets | 22/27 | €227,985 | €223,535 | -€4,450 | -2.0% |
| Land and buildings | 22 | €192,238 | €179,747 | -€12,491 | -6.5% |
| Plant, machinery and equipment | 23 | €35,747 | €43,788 | +€8,041 | +22.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €15,680 | €29,335 | +€13,655 | +87.1% |
| Amounts receivable after more than one year | 29 | €5,159 | - | -€5,159 | |
| Trade receivables | 290 | €5,159 | - | -€5,159 | |
| Amounts receivable within one year | 40/41 | - | €13,695 | +€13,695 | |
| Other amounts receivable | 41 | - | €13,695 | +€13,695 | |
| Cash at bank and in hand | 54/58 | €10,521 | €15,639 | +€5,118 | +48.6% |
| Total equity and liabilities | 10/49 | €243,915 | €253,120 | +€9,205 | +3.8% |
| Equity | 10/15 | €186,241 | €172,853 | -€13,389 | -7.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €189,052 | €189,052 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,811 | -€78,199 | -€13,389 | -20.7% |
| Amounts payable | 17/49 | €57,673 | €80,267 | +€22,594 | +39.2% |
| Amounts payable after more than one year | 17 | €44,581 | €37,320 | -€7,262 | -16.3% |
| Financial debts | 170/4 | €44,581 | €37,320 | -€7,262 | -16.3% |
| Amounts payable within one year | 42/48 | €12,123 | €41,920 | +€29,797 | +246% |
| Current portion of amounts payable after more than one year | 42 | €6,907 | €6,897 | -€10 | -0.1% |
| Trade debts | 44 | €1,402 | €1,030 | -€372 | -26.5% |
| Suppliers | 440/4 | €1,402 | €1,030 | -€372 | -26.5% |
| Other amounts payable | 47/48 | €3,814 | €33,993 | +€30,179 | +791% |
| Accrued charges and deferred income | 492/3 | €969 | €1,027 | +€58 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,875 | €19,950 | +€75 | +0.4% |
| Other operating charges | 640/8 | €969 | €685 | -€284 | -29.3% |
| Gross operating margin | 9900 | €22,581 | €9,646 | -€12,935 | -57.3% |
| Operating profit (loss) | 9901 | €1,737 | -€10,989 | -€12,726 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,348 | €2,401 | +€54 | +2.3% |
| Recurring financial charges | 65 | €2,348 | €2,401 | +€54 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€610 | -€13,389 | -€12,778 | -2,093% |
| Profit (loss) for the period | 9904 | -€610 | -€13,389 | -€12,778 | -2,093% |
| Profit (loss) for the period to be appropriated | 9905 | -€610 | -€13,389 | -€12,778 | -2,093% |
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 28 October 2026 via checked.be.