IMMO 3 P: 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 P
Largest movements
- Current investments +€80,000
up €80,000 (+9.2%), from €870,500 to €950,500
- Tangible fixed assets -€36,599
down €36,599 (-13.5%), from €270,753 to €234,154
of which Land and buildings: -€34,950
- Cash +€18,323
up €18,323 (+67.2%), from €27,276 to €45,599
mainly Net result for the year (+€48,433) and Depreciation (+€36,833)
- Profit (loss) carried forward +€48,433
up €48,433 (+14.7%), from €330,029 to €378,463
- Financial income -€9,642
down €9,642 (-25.3%), from €38,098 to €28,456
- Taxes -€2,024
down €2,024 (-10.7%), from €18,939 to €16,915
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 | €1,208,776 | €1,259,177 | +€50,400 | +4.2% |
| Fixed assets | 21/28 | €271,455 | €234,622 | -€36,833 | -13.6% |
| Intangible fixed assets | 21 | €702 | €468 | -€234 | -33.3% |
| Tangible fixed assets | 22/27 | €270,753 | €234,154 | -€36,599 | -13.5% |
| Land and buildings | 22 | €260,032 | €225,082 | -€34,950 | -13.4% |
| Plant, machinery and equipment | 23 | €10,721 | €9,071 | -€1,649 | -15.4% |
| Current assets | 29/58 | €937,321 | €1,024,555 | +€87,234 | +9.3% |
| Amounts receivable within one year | 40/41 | €38,098 | €28,456 | -€9,642 | -25.3% |
| Other amounts receivable | 41 | €38,098 | €28,456 | -€9,642 | -25.3% |
| Current investments | 50/53 | €870,500 | €950,500 | +€80,000 | +9.2% |
| Cash at bank and in hand | 54/58 | €27,276 | €45,599 | +€18,323 | +67.2% |
| Deferred charges and accrued income | 490/1 | €1,447 | - | -€1,447 | |
| Total equity and liabilities | 10/49 | €1,208,776 | €1,259,177 | +€50,400 | +4.2% |
| Equity | 10/15 | €1,193,529 | €1,241,963 | +€48,433 | +4.1% |
| Contributions | 10/11 | €785,000 | €785,000 | = | 0.0% |
| Reserves | 13 | €78,500 | €78,500 | = | 0.0% |
| Distributable reserves | 133 | €78,500 | €78,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,029 | €378,463 | +€48,433 | +14.7% |
| Amounts payable | 17/49 | €15,247 | €17,214 | +€1,967 | +12.9% |
| Amounts payable within one year | 42/48 | €15,247 | €17,214 | +€1,967 | +12.9% |
| Trade debts | 44 | €2,309 | €2,861 | +€552 | +23.9% |
| Suppliers | 440/4 | €2,309 | €2,861 | +€552 | +23.9% |
| Taxes, remuneration and social security | 45 | €12,938 | €14,353 | +€1,415 | +10.9% |
| Taxes | 450/3 | €12,938 | €14,353 | +€1,415 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,833 | €36,833 | = | 0.0% |
| Other operating charges | 640/8 | €1,173 | €1,308 | +€136 | +11.6% |
| Gross operating margin | 9900 | €74,624 | €75,087 | +€463 | +0.6% |
| Operating profit (loss) | 9901 | €36,619 | €36,946 | +€327 | +0.9% |
| Financial income | 75/76B | €38,098 | €28,456 | -€9,642 | -25.3% |
| Recurring financial income | 75 | €38,098 | €28,456 | -€9,642 | -25.3% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €74,664 | €65,348 | -€9,316 | -12.5% |
| Income taxes | 67/77 | €18,939 | €16,915 | -€2,024 | -10.7% |
| Profit (loss) for the period | 9904 | €55,725 | €48,433 | -€7,292 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €55,725 | €48,433 | -€7,292 | -13.1% |
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 13 October 2026 via checked.be.