IMMO 4D CAM: 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 4D CAM
Largest movements
- Tangible fixed assets -€9,266
down €9,266 (-3.8%), from €240,734 to €231,467
- Reserves -€7,320
down €7,320 (-3.8%), from €195,061 to €187,741
of which Distributable reserves: -€5,872
- Gross operating margin +€966
up €966 (+34.3%), from €2,818 to €3,784
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.
Derived cash bridge
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 | €275,271 | €267,778 | -€7,493 | -2.7% |
| Fixed assets | 21/28 | €240,734 | €231,467 | -€9,266 | -3.8% |
| Tangible fixed assets | 22/27 | €240,734 | €231,467 | -€9,266 | -3.8% |
| Land and buildings | 22 | €240,734 | €231,467 | -€9,266 | -3.8% |
| Current assets | 29/58 | €34,537 | €36,310 | +€1,773 | +5.1% |
| Cash at bank and in hand | 54/58 | €34,471 | €36,310 | +€1,840 | +5.3% |
| Deferred charges and accrued income | 490/1 | €66 | - | -€66 | |
| Total equity and liabilities | 10/49 | €275,271 | €267,778 | -€7,493 | -2.7% |
| Equity | 10/15 | €273,543 | €266,223 | -€7,320 | -2.7% |
| Contributions | 10/11 | €6,388 | €6,388 | = | 0.0% |
| Revaluation surpluses | 12 | €72,094 | €72,094 | = | 0.0% |
| Reserves | 13 | €195,061 | €187,741 | -€7,320 | -3.8% |
| Non-distributable reserves | 130/1 | €1,448 | - | -€1,448 | |
| Reserves not available under the articles | 1311 | €1,448 | - | -€1,448 | |
| Tax-exempt reserves | 132 | €25,916 | €25,916 | = | 0.0% |
| Distributable reserves | 133 | €167,697 | €161,824 | -€5,872 | -3.5% |
| Amounts payable | 17/49 | €1,728 | €1,555 | -€173 | -10.0% |
| Amounts payable within one year | 42/48 | €1,728 | €1,555 | -€173 | -10.0% |
| Trade debts | 44 | €1,728 | €1,555 | -€173 | -10.0% |
| Suppliers | 440/4 | €1,728 | €1,555 | -€173 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,266 | €9,266 | = | 0.0% |
| Other operating charges | 640/8 | €1,845 | €1,808 | -€37 | -2.0% |
| Gross operating margin | 9900 | €2,818 | €3,784 | +€966 | +34.3% |
| Operating profit (loss) | 9901 | -€8,294 | -€7,290 | +€1,003 | +12.1% |
| Financial charges | 65/66B | €30 | €30 | = | 0.0% |
| Recurring financial charges | 65 | €30 | €30 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,324 | -€7,320 | +€1,003 | +12.1% |
| Profit (loss) for the period | 9904 | -€8,324 | -€7,320 | +€1,003 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,324 | -€7,320 | +€1,003 | +12.1% |
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 14 October 2026 via checked.be.