IMMO - 33: 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 - 33
Largest movements
- Tangible fixed assets -€27,269
down €27,269 (-6.8%), from €402,404 to €375,134
- Debts after one year -€32,279
down €32,279 (-10.4%), from €308,935 to €276,656
- Reserves +€8,516
up €8,516 (+39.7%), from €21,477 to €29,993
- Taxes -€1,156
down €1,156 (-22.5%), from €5,130 to €3,974
- Gross operating margin -€613
down €613 (-1.2%), from €53,109 to €52,496
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 | €438,379 | €415,260 | -€23,119 | -5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €402,404 | €375,134 | -€27,269 | -6.8% |
| Tangible fixed assets | 22/27 | €402,404 | €375,134 | -€27,269 | -6.8% |
| Land and buildings | 22 | €402,404 | €375,134 | -€27,269 | -6.8% |
| Current assets | 29/58 | €35,975 | €40,126 | +€4,150 | +11.5% |
| Cash at bank and in hand | 54/58 | €35,975 | €40,126 | +€4,150 | +11.5% |
| Total equity and liabilities | 10/49 | €438,379 | €415,260 | -€23,119 | -5.3% |
| Equity | 10/15 | €29,477 | €37,993 | +€8,516 | +28.9% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €21,477 | €29,993 | +€8,516 | +39.7% |
| Distributable reserves | 133 | €21,477 | €29,993 | +€8,516 | +39.7% |
| Amounts payable | 17/49 | €408,902 | €377,267 | -€31,635 | -7.7% |
| Amounts payable after more than one year | 17 | €308,935 | €276,656 | -€32,279 | -10.4% |
| Financial debts | 170/4 | €308,935 | €276,656 | -€32,279 | -10.4% |
| Amounts payable within one year | 42/48 | €99,967 | €100,546 | +€578 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €31,715 | €32,279 | +€564 | +1.8% |
| Taxes, remuneration and social security | 45 | €3,428 | €3,442 | +€14 | +0.4% |
| Taxes | 450/3 | €3,428 | €3,442 | +€14 | +0.4% |
| Other amounts payable | 47/48 | €64,825 | €64,825 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,428 | €27,269 | -€159 | -0.6% |
| Other operating charges | 640/8 | €6,673 | €6,881 | +€207 | +3.1% |
| Gross operating margin | 9900 | €53,109 | €52,496 | -€613 | -1.2% |
| Operating profit (loss) | 9901 | €19,007 | €18,346 | -€661 | -3.5% |
| Financial income | 75/76B | €61 | - | -€61 | |
| Recurring financial income | 75 | €61 | - | -€61 | |
| Financial charges | 65/66B | €6,386 | €5,856 | -€530 | -8.3% |
| Recurring financial charges | 65 | €6,386 | €5,856 | -€530 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €12,682 | €12,490 | -€192 | -1.5% |
| Income taxes | 67/77 | €5,130 | €3,974 | -€1,156 | -22.5% |
| Profit (loss) for the period | 9904 | €7,552 | €8,516 | +€964 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,552 | €8,516 | +€964 | +12.8% |
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 5 October 2026 via checked.be.