IMMO.3: 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.3
Largest movements
- Cash -€153,895
down €153,895 (-54.9%), from €280,398 to €126,503
mainly Debts after one year (-€149,234) and Investment in fixed assets (net) (-€57,273)
- Tangible fixed assets +€33,869
up €33,869 (+71.8%), from €47,180 to €81,049
of which Furniture and vehicles: +€23,216
- Deferred charges and accrued income -€24,704
down €24,704 (-88.1%), from €28,028 to €3,325
- Receivables within one year +€6,392
up €6,392 (+26.2%), from €24,443 to €30,835
of which Trade receivables: +€5,100
- Debts after one year -€149,234
down €149,234 (-75.6%), from €197,470 to €48,236
of which Other amounts payable: -€137,495
- Reserves +€10,000
up €10,000 (+13.3%), from €75,000 to €85,000
of which Distributable reserves: +€10,000
- Tax, wage and social debts +€6,923
up €6,923 (+22.1%), from €31,286 to €38,210
of which Remuneration and social security: +€6,225
- Accrued charges and deferred income -€6,379
down €6,379 (-55.5%), from €11,494 to €5,115
- Trade debts +€5,630
up €5,630 (+101.7%), from €5,539 to €11,169
- Gross operating margin +€27,610
up €27,610 (+16.1%), from €171,545 to €199,155
- Staff costs +€14,678
up €14,678 (+16.8%), from €87,619 to €102,297
- Depreciation +€6,781
up €6,781 (+35.5%), from €19,123 to €25,904
- Taxes -€3,106
down €3,106 (-19.6%), from €15,870 to €12,764
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 | €393,122 | €252,285 | -€140,837 | -35.8% |
| Fixed assets | 21/28 | €60,253 | €91,622 | +€31,369 | +52.1% |
| Intangible fixed assets | 21 | €12,083 | €9,583 | -€2,500 | -20.7% |
| Tangible fixed assets | 22/27 | €47,180 | €81,049 | +€33,869 | +71.8% |
| Land and buildings | 22 | €2,986 | €2,593 | -€393 | -13.2% |
| Plant, machinery and equipment | 23 | €16,184 | €27,230 | +€11,046 | +68.3% |
| Furniture and vehicles | 24 | €28,011 | €51,227 | +€23,216 | +82.9% |
| Financial fixed assets | 28 | €990 | €990 | = | 0.0% |
| Current assets | 29/58 | €332,869 | €160,663 | -€172,206 | -51.7% |
| Amounts receivable within one year | 40/41 | €24,443 | €30,835 | +€6,392 | +26.2% |
| Trade receivables | 40 | €9,275 | €14,374 | +€5,100 | +55.0% |
| Other amounts receivable | 41 | €15,168 | €16,461 | +€1,293 | +8.5% |
| Cash at bank and in hand | 54/58 | €280,398 | €126,503 | -€153,895 | -54.9% |
| Deferred charges and accrued income | 490/1 | €28,028 | €3,325 | -€24,704 | -88.1% |
| Total equity and liabilities | 10/49 | €393,122 | €252,285 | -€140,837 | -35.8% |
| Equity | 10/15 | €97,550 | €108,113 | +€10,563 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Profit (loss) carried forward | 14 | €3,950 | €4,513 | +€563 | +14.2% |
| Amounts payable | 17/49 | €295,572 | €144,172 | -€151,400 | -51.2% |
| Amounts payable after more than one year | 17 | €197,470 | €48,236 | -€149,234 | -75.6% |
| Financial debts | 170/4 | €14,975 | €3,236 | -€11,739 | -78.4% |
| Other amounts payable | 178/9 | €182,495 | €45,000 | -€137,495 | -75.3% |
| Amounts payable within one year | 42/48 | €86,608 | €90,821 | +€4,213 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €15,783 | €11,739 | -€4,043 | -25.6% |
| Trade debts | 44 | €5,539 | €11,169 | +€5,630 | +101.7% |
| Suppliers | 440/4 | €5,539 | €11,169 | +€5,630 | +101.7% |
| Taxes, remuneration and social security | 45 | €31,286 | €38,210 | +€6,923 | +22.1% |
| Taxes | 450/3 | €23,659 | €24,357 | +€698 | +2.9% |
| Remuneration and social security | 454/9 | €7,627 | €13,853 | +€6,225 | +81.6% |
| Other amounts payable | 47/48 | €34,000 | €29,703 | -€4,297 | -12.6% |
| Accrued charges and deferred income | 492/3 | €11,494 | €5,115 | -€6,379 | -55.5% |
| Non-recurring operating income | 76A | - | €2,546 | +€2,546 | |
| Remuneration, social security and pensions | 62 | €87,619 | €102,297 | +€14,678 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,123 | €25,904 | +€6,781 | +35.5% |
| Other operating charges | 640/8 | €3,253 | €4,671 | +€1,418 | +43.6% |
| Non-recurring operating charges | 66A | €44 | €17,378 | +€17,334 | +39376.9% |
| Gross operating margin | 9900 | €171,545 | €199,155 | +€27,610 | +16.1% |
| Operating profit (loss) | 9901 | €61,507 | €48,905 | -€12,602 | -20.5% |
| Financial income | 75/76B | €309 | €214 | -€95 | -30.7% |
| Recurring financial income | 75 | €309 | €214 | -€95 | -30.7% |
| Financial charges | 65/66B | €1,010 | €792 | -€219 | -21.6% |
| Recurring financial charges | 65 | €1,010 | €792 | -€219 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €60,805 | €48,327 | -€12,478 | -20.5% |
| Income taxes | 67/77 | €15,870 | €12,764 | -€3,106 | -19.6% |
| Profit (loss) for the period | 9904 | €44,935 | €35,563 | -€9,372 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,935 | €35,563 | -€9,372 | -20.9% |
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 10 October 2026 via checked.be.