IMMO 4: 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 4
Largest movements
- Tangible fixed assets -€44,570
down €44,570 (-6.5%), from €683,132 to €638,562
of which Land and buildings: -€41,371
- Cash +€8,102
up €8,102 (+101.8%), from €7,955 to €16,057
mainly Depreciation (+€44,570) and Net result for the year (+€7,350)
- Debts after one year -€30,296
down €30,296 (-10.0%), from €302,159 to €271,863
- Other debts -€9,000
down €9,000 (-3.2%), from €278,791 to €269,791
- Gross operating margin -€4,819
down €4,819 (-7.8%), from €61,452 to €56,633
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 | €740,291 | €710,136 | -€30,155 | -4.1% |
| Fixed assets | 21/28 | €683,132 | €638,562 | -€44,570 | -6.5% |
| Tangible fixed assets | 22/27 | €683,132 | €638,562 | -€44,570 | -6.5% |
| Land and buildings | 22 | €665,330 | €623,959 | -€41,371 | -6.2% |
| Plant, machinery and equipment | 23 | €17,802 | €14,603 | -€3,199 | -18.0% |
| Current assets | 29/58 | €57,159 | €71,574 | +€14,415 | +25.2% |
| Amounts receivable within one year | 40/41 | €48,842 | €54,655 | +€5,813 | +11.9% |
| Trade receivables | 40 | €9,666 | €17,761 | +€8,095 | +83.7% |
| Other amounts receivable | 41 | €39,176 | €36,893 | -€2,282 | -5.8% |
| Cash at bank and in hand | 54/58 | €7,955 | €16,057 | +€8,102 | +101.8% |
| Deferred charges and accrued income | 490/1 | €362 | €862 | +€500 | +138.0% |
| Total equity and liabilities | 10/49 | €740,291 | €710,136 | -€30,155 | -4.1% |
| Equity | 10/15 | €63,466 | €70,816 | +€7,350 | +11.6% |
| Contributions | 10/11 | €7,653 | €7,653 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,813 | €63,163 | +€7,350 | +13.2% |
| Amounts payable | 17/49 | €676,825 | €639,320 | -€37,505 | -5.5% |
| Amounts payable after more than one year | 17 | €302,159 | €271,863 | -€30,296 | -10.0% |
| Financial debts | 170/4 | €302,159 | €271,863 | -€30,296 | -10.0% |
| Amounts payable within one year | 42/48 | €374,666 | €367,457 | -€7,209 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €32,363 | €32,803 | +€440 | +1.4% |
| Trade debts | 44 | €63,513 | €64,864 | +€1,351 | +2.1% |
| Suppliers | 440/4 | €63,513 | €64,864 | +€1,351 | +2.1% |
| Other amounts payable | 47/48 | €278,791 | €269,791 | -€9,000 | -3.2% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,570 | €44,570 | = | 0.0% |
| Other operating charges | 640/8 | €134 | - | -€134 | |
| Gross operating margin | 9900 | €61,452 | €56,633 | -€4,819 | -7.8% |
| Operating profit (loss) | 9901 | €16,748 | €12,063 | -€4,685 | -28.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +5.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +5.3% |
| Financial charges | 65/66B | €5,140 | €4,713 | -€427 | -8.3% |
| Recurring financial charges | 65 | €5,140 | €4,713 | -€427 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €11,609 | €7,350 | -€4,258 | -36.7% |
| Profit (loss) for the period | 9904 | €11,609 | €7,350 | -€4,258 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,609 | €7,350 | -€4,258 | -36.7% |
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 10 October 2026 via checked.be.