IMMO 31: what changed
Two fiscal 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 31
Largest movements
- Tangible fixed assets +€225,084
up €225,084 (+870.4%), from €25,861 to €250,945
of which Land and buildings: +€219,536
- Cash -€17,051
down €17,051 (-99.3%), from €17,175 to €124
mainly Investment in fixed assets (net) (-€260,071) and Net result for the year (-€30,679)
- Receivables within one year -€13,158
down €13,158 (-85.0%), from €15,477 to €2,319
- Other debts +€226,971
up €226,971 (+532.1%), from €42,655 to €269,626
- Profit (loss) carried forward -€30,679
down €30,679 (-31.0%), from -€98,818 to -€129,498
- Depreciation +€29,622
up €29,622 (+552.1%), from €5,365 to €34,987
- Gross operating margin -€1,273
down €1,273 (-15.8%), from €8,035 to €6,761
- Financial charges +€614
up €614 (+693.2%), from €89 to €702
- Other operating charges +€164
up €164 (+10.3%), from €1,587 to €1,751
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 | €58,512 | €254,804 | +€196,292 | +335.5% |
| Fixed assets | 21/28 | €25,861 | €250,945 | +€225,084 | +870.4% |
| Tangible fixed assets | 22/27 | €25,861 | €250,945 | +€225,084 | +870.4% |
| Land and buildings | 22 | €25,861 | €245,396 | +€219,536 | +848.9% |
| Assets under construction and advance payments | 27 | - | €5,548 | +€5,548 | |
| Current assets | 29/58 | €32,652 | €3,859 | -€28,792 | -88.2% |
| Amounts receivable within one year | 40/41 | €15,477 | €2,319 | -€13,158 | -85.0% |
| Trade receivables | 40 | €15,477 | €2,319 | -€13,158 | -85.0% |
| Cash at bank and in hand | 54/58 | €17,175 | €124 | -€17,051 | -99.3% |
| Deferred charges and accrued income | 490/1 | - | €1,417 | +€1,417 | |
| Total equity and liabilities | 10/49 | €58,512 | €254,804 | +€196,292 | +335.5% |
| Equity | 10/15 | €15,857 | -€14,822 | -€30,679 | |
| Contributions | 10/11 | €72,435 | €72,435 | = | 0.0% |
| Reserves | 13 | €42,241 | €42,241 | = | 0.0% |
| Distributable reserves | 133 | €42,241 | €42,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,818 | -€129,498 | -€30,679 | -31.0% |
| Amounts payable | 17/49 | €42,655 | €269,626 | +€226,971 | +532.1% |
| Amounts payable within one year | 42/48 | €42,655 | €269,626 | +€226,971 | +532.1% |
| Other amounts payable | 47/48 | €42,655 | €269,626 | +€226,971 | +532.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,365 | €34,987 | +€29,622 | +552.1% |
| Other operating charges | 640/8 | €1,587 | €1,751 | +€164 | +10.3% |
| Gross operating margin | 9900 | €8,035 | €6,761 | -€1,273 | -15.8% |
| Operating profit (loss) | 9901 | €1,082 | -€29,977 | -€31,059 | |
| Financial charges | 65/66B | €89 | €702 | +€614 | +693.2% |
| Recurring financial charges | 65 | €89 | €702 | +€614 | +693.2% |
| Profit (loss) for the period before taxes | 9903 | €994 | -€30,679 | -€31,673 | |
| Profit (loss) for the period | 9904 | €994 | -€30,679 | -€31,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €994 | -€30,679 | -€31,673 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.