IMMO 304: 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 304
Largest movements
- Tangible fixed assets -€33,732
down €33,732 (-8.4%), from €399,646 to €365,914
of which Land and buildings: -€31,948
- Other debts -€25,386
down €25,386 (-11.7%), from €216,152 to €190,767
- Profit (loss) carried forward -€4,811
down €4,811 (-11.6%), from €41,592 to €36,781
- Gross operating margin -€2,524
down €2,524 (-7.3%), from €34,705 to €32,181
- Depreciation -€1,928
down €1,928 (-5.4%), from €35,660 to €33,732
- Other operating charges -€756
down €756 (-17.0%), from €4,439 to €3,682
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 | €409,971 | €378,045 | -€31,927 | -7.8% |
| Fixed assets | 21/28 | €399,646 | €365,914 | -€33,732 | -8.4% |
| Tangible fixed assets | 22/27 | €399,646 | €365,914 | -€33,732 | -8.4% |
| Land and buildings | 22 | €397,144 | €365,196 | -€31,948 | -8.0% |
| Furniture and vehicles | 24 | €2,502 | €718 | -€1,784 | -71.3% |
| Current assets | 29/58 | €10,326 | €12,131 | +€1,806 | +17.5% |
| Cash at bank and in hand | 54/58 | €9,373 | €12,081 | +€2,708 | +28.9% |
| Deferred charges and accrued income | 490/1 | €953 | €50 | -€902 | -94.7% |
| Total equity and liabilities | 10/49 | €409,971 | €378,045 | -€31,927 | -7.8% |
| Equity | 10/15 | €188,875 | €182,626 | -€6,250 | -3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,154 | €116,154 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,073 | €2,073 | = | 0.0% |
| Distributable reserves | 133 | €114,081 | €114,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,592 | €36,781 | -€4,811 | -11.6% |
| Investment grants | 15 | €12,530 | €11,091 | -€1,439 | -11.5% |
| Amounts payable | 17/49 | €221,096 | €195,419 | -€25,677 | -11.6% |
| Amounts payable within one year | 42/48 | €217,496 | €191,729 | -€25,767 | -11.8% |
| Trade debts | 44 | €1,094 | €697 | -€396 | -36.2% |
| Suppliers | 440/4 | €1,094 | €697 | -€396 | -36.2% |
| Taxes, remuneration and social security | 45 | €250 | €265 | +€15 | +6.0% |
| Taxes | 450/3 | €250 | €265 | +€15 | +6.0% |
| Other amounts payable | 47/48 | €216,152 | €190,767 | -€25,386 | -11.7% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,690 | +€90 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,660 | €33,732 | -€1,928 | -5.4% |
| Other operating charges | 640/8 | €4,439 | €3,682 | -€756 | -17.0% |
| Gross operating margin | 9900 | €34,705 | €32,181 | -€2,524 | -7.3% |
| Operating profit (loss) | 9901 | -€5,394 | -€5,234 | +€160 | +3.0% |
| Financial income | 75/76B | €1,439 | €1,440 | +€2 | +0.1% |
| Recurring financial income | 75 | €1,439 | €1,440 | +€2 | +0.1% |
| Financial charges | 65/66B | €431 | €748 | +€317 | +73.5% |
| Recurring financial charges | 65 | €431 | €748 | +€317 | +73.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,386 | -€4,541 | -€155 | -3.5% |
| Income taxes | 67/77 | €250 | €270 | +€20 | +8.2% |
| Profit (loss) for the period | 9904 | -€4,635 | -€4,811 | -€176 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,635 | -€4,811 | -€176 | -3.8% |
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 12 October 2026 via checked.be.