IMMO 3 C: 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.
What changed
IMMO 3 C
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€28,969
2024 · €29,683-€714
Equity
€1.1m
2024 · €1.1m+€28,969
Cash
€13,237
2024 · €16,507-€3,270
Balance sheet total
€1.2m
2024 · €1.1m+€18,191
Largest movements
Assets
- Receivables within one year +€26,454
up €26,454 (+11.0%), from €240,591 to €267,045
of which Other amounts receivable: +€26,454
Equity and liabilities
- Reserves +€28,950
up €28,950 (+9.1%), from €319,449 to €348,399
of which Distributable reserves: +€28,950
Income statement
- Gross operating margin -€2,651
down €2,651 (-4.4%), from €60,231 to €57,580
- Financial charges -€1,685
down €1,685 (-55.8%), from €3,021 to €1,336
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.
Result 2024
€29,683
Gross operating margin
-€2,651
Depreciation
-€1
Other operating charges
-€185
Financial charges
+€1,685
Taxes
+€438
Result 2025
€28,969
raises the resultlowers the result
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.
From operations
+€8,481
Investment
€0
Financing
-€11,751
Cash 2024
€16,507
From operations (derived)
+€8,481
Net result for the year
+€28,969
Depreciation
+€5,016
Receivables within one year
-€26,454
Deferred charges and accrued income
-€23
Trade debts
+€365
Tax, wage and social debts
+€1,737
Accrued charges and deferred income
-€1,129
Financing
-€11,751
Debts after one year
-€8,207
Current portion of long-term debt
-€3,544
Cash 2025
€13,237
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,847 | €1,158,038 | +€18,191 | +1.6% |
| Fixed assets | 21/28 | €882,146 | €877,130 | -€5,016 | -0.6% |
| Tangible fixed assets | 22/27 | €882,146 | €877,130 | -€5,016 | -0.6% |
| Land and buildings | 22 | €881,257 | €876,754 | -€4,503 | -0.5% |
| Plant, machinery and equipment | 23 | €293 | €147 | -€146 | -49.8% |
| Furniture and vehicles | 24 | €596 | €229 | -€367 | -61.6% |
| Current assets | 29/58 | €257,701 | €280,908 | +€23,207 | +9.0% |
| Amounts receivable within one year | 40/41 | €240,591 | €267,045 | +€26,454 | +11.0% |
| Trade receivables | 40 | €17,249 | €17,249 | = | 0.0% |
| Other amounts receivable | 41 | €223,342 | €249,796 | +€26,454 | +11.8% |
| Cash at bank and in hand | 54/58 | €16,507 | €13,237 | -€3,270 | -19.8% |
| Deferred charges and accrued income | 490/1 | €603 | €626 | +€23 | +3.8% |
| Total equity and liabilities | 10/49 | €1,139,847 | €1,158,038 | +€18,191 | +1.6% |
| Equity | 10/15 | €1,105,898 | €1,134,867 | +€28,969 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €808,284 | €808,284 | = | 0.0% |
| Reserves | 13 | €319,449 | €348,399 | +€28,950 | +9.1% |
| Non-distributable reserves | 130/1 | €2,231 | €2,231 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,394 | €3,394 | = | 0.0% |
| Distributable reserves | 133 | €313,824 | €342,774 | +€28,950 | +9.2% |
| Profit (loss) carried forward | 14 | -€40,435 | -€40,416 | +€19 | 0.0% |
| Amounts payable | 17/49 | €33,949 | €23,171 | -€10,778 | -31.7% |
| Amounts payable after more than one year | 17 | €8,207 | - | -€8,207 | |
| Financial debts | 170/4 | €8,207 | - | -€8,207 | |
| Amounts payable within one year | 42/48 | €24,613 | €23,171 | -€1,442 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €11,751 | €8,207 | -€3,544 | -30.2% |
| Trade debts | 44 | €7,145 | €7,510 | +€365 | +5.1% |
| Suppliers | 440/4 | €7,145 | €7,510 | +€365 | +5.1% |
| Taxes, remuneration and social security | 45 | €2,220 | €3,957 | +€1,737 | +78.2% |
| Taxes | 450/3 | €2,220 | €3,957 | +€1,737 | +78.2% |
| Other amounts payable | 47/48 | €3,497 | €3,497 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,129 | - | -€1,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,015 | €5,016 | +€1 | 0.0% |
| Other operating charges | 640/8 | €8,337 | €8,522 | +€185 | +2.2% |
| Gross operating margin | 9900 | €60,231 | €57,580 | -€2,651 | -4.4% |
| Operating profit (loss) | 9901 | €46,879 | €44,042 | -€2,837 | -6.1% |
| Financial charges | 65/66B | €3,021 | €1,336 | -€1,685 | -55.8% |
| Recurring financial charges | 65 | €3,021 | €1,336 | -€1,685 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | €43,858 | €42,706 | -€1,152 | -2.6% |
| Income taxes | 67/77 | €14,175 | €13,737 | -€438 | -3.1% |
| Profit (loss) for the period | 9904 | €29,683 | €28,969 | -€714 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,683 | €28,969 | -€714 | -2.4% |
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 14 October 2026 via checked.be.