Immo 4 Max: 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 4 Max
Largest movements
- Tangible fixed assets -€7,372
down €7,372 (-5.8%), from €128,058 to €120,686
of which Land and buildings: -€9,520
- Receivables within one year +€1,500
up €1,500 (+750.0%), from €200 to €1,700
of which Trade receivables: +€1,500
- Cash -€1,339
down €1,339 (-84.0%), from €1,594 to €255
mainly Debts after one year (-€12,080) and Net result for the year (-€10,197)
- Other debts +€13,000
up €13,000 (+24.5%), from €53,000 to €66,000
- Debts after one year -€12,080
down €12,080 (-12.3%), from €98,052 to €85,972
- Profit (loss) carried forward -€10,197
down €10,197 (-19.9%), from -€51,130 to -€61,327
- Current portion of long-term debt +€1,493
up €1,493 (+14.1%), from €10,587 to €12,080
- Turnover -€21,700
no longer reported in 2025 (was €21,700)
- Purchases and services -€6,076
no longer reported in 2025 (was €6,076)
- Gross operating margin -€4,302
down €4,302 (-27.5%), from €15,624 to €11,322
- Financial charges +€2,108
up €2,108 (+117.7%), from €1,792 to €3,899
- Depreciation +€877
up €877 (+5.6%), from €15,561 to €16,438
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 | €129,852 | €122,641 | -€7,211 | -5.6% |
| Fixed assets | 21/28 | €128,058 | €120,686 | -€7,372 | -5.8% |
| Tangible fixed assets | 22/27 | €128,058 | €120,686 | -€7,372 | -5.8% |
| Land and buildings | 22 | €116,156 | €106,636 | -€9,520 | -8.2% |
| Plant, machinery and equipment | 23 | €11,902 | €11,908 | +€6 | +0.1% |
| Furniture and vehicles | 24 | - | €2,142 | +€2,142 | |
| Current assets | 29/58 | €1,794 | €1,955 | +€161 | +9.0% |
| Amounts receivable within one year | 40/41 | €200 | €1,700 | +€1,500 | +750.0% |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,594 | €255 | -€1,339 | -84.0% |
| Total equity and liabilities | 10/49 | €129,852 | €122,641 | -€7,211 | -5.6% |
| Equity | 10/15 | -€32,530 | -€42,727 | -€10,197 | -31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,130 | -€61,327 | -€10,197 | -19.9% |
| Amounts payable | 17/49 | €162,382 | €165,368 | +€2,986 | +1.8% |
| Amounts payable after more than one year | 17 | €98,052 | €85,972 | -€12,080 | -12.3% |
| Financial debts | 170/4 | €98,052 | €85,972 | -€12,080 | -12.3% |
| Amounts payable within one year | 42/48 | €63,830 | €79,396 | +€15,566 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €10,587 | €12,080 | +€1,493 | +14.1% |
| Trade debts | 44 | €243 | €1,316 | +€1,073 | +442.0% |
| Suppliers | 440/4 | €243 | €1,316 | +€1,073 | +442.0% |
| Other amounts payable | 47/48 | €53,000 | €66,000 | +€13,000 | +24.5% |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Turnover | 70 | €21,700 | - | -€21,700 | |
| Goods, raw materials, services and sundry goods | 60/61 | €6,076 | - | -€6,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,561 | €16,438 | +€877 | +5.6% |
| Other operating charges | 640/8 | €1,171 | €1,182 | +€12 | +1.0% |
| Gross operating margin | 9900 | €15,624 | €11,322 | -€4,302 | -27.5% |
| Operating profit (loss) | 9901 | -€1,108 | -€6,298 | -€5,190 | -468.6% |
| Financial charges | 65/66B | €1,792 | €3,899 | +€2,108 | +117.7% |
| Recurring financial charges | 65 | €1,792 | €3,899 | +€2,108 | +117.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,899 | -€10,197 | -€7,298 | -251.7% |
| Profit (loss) for the period | 9904 | -€2,899 | -€10,197 | -€7,298 | -251.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,899 | -€10,197 | -€7,298 | -251.7% |
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 4 October 2026 via checked.be.