IMMO 547: 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 547
Largest movements
- Cash -€15,678
down €15,678 (-24.7%), from €63,480 to €47,802
mainly Investment in fixed assets (net) (-€40,785) and Contributions, distributions and other (-€36,000)
- Tangible fixed assets +€10,242
up €10,242 (+1.5%), from €700,691 to €710,933
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€39,243
up €39,243 (+96.5%), from €40,685 to €79,928
- Taxes +€8,930
up €8,930 (+451%), from €1,980 to €10,910
- Depreciation +€3,196
up €3,196 (+11.7%), from €27,347 to €30,542
- Financial charges +€1,233
up €1,233 (+25.8%), from €4,773 to €6,006
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 | €820,870 | €821,705 | +€836 | +0.1% |
| Fixed assets | 21/28 | €700,691 | €710,933 | +€10,242 | +1.5% |
| Tangible fixed assets | 22/27 | €700,691 | €710,933 | +€10,242 | +1.5% |
| Land and buildings | 22 | €700,691 | €710,933 | +€10,242 | +1.5% |
| Current assets | 29/58 | €120,179 | €110,772 | -€9,407 | -7.8% |
| Amounts receivable within one year | 40/41 | €4,011 | €9,624 | +€5,613 | +140% |
| Other amounts receivable | 41 | €4,011 | €9,624 | +€5,613 | +140% |
| Current investments | 50/53 | €51,299 | €52,061 | +€761 | +1.5% |
| Cash at bank and in hand | 54/58 | €63,480 | €47,802 | -€15,678 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,388 | €1,285 | -€103 | -7.4% |
| Total equity and liabilities | 10/49 | €820,870 | €821,705 | +€836 | +0.1% |
| Equity | 10/15 | €461,212 | €458,073 | -€3,138 | -0.7% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €2,400 | €2,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,400 | €0 | -€2,400 | -100% |
| Reserves not available under the articles | 1311 | €2,400 | €0 | -€2,400 | -100% |
| Distributable reserves | 133 | - | €2,400 | +€2,400 | |
| Profit (loss) carried forward | 14 | €434,812 | €431,673 | -€3,138 | -0.7% |
| Amounts payable | 17/49 | €359,658 | €363,632 | +€3,974 | +1.1% |
| Amounts payable after more than one year | 17 | €283,387 | €283,347 | -€41 | 0.0% |
| Financial debts | 170/4 | €283,387 | €283,347 | -€41 | 0.0% |
| Amounts payable within one year | 42/48 | €76,271 | €80,285 | +€4,015 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €28,351 | €36,342 | +€7,991 | +28.2% |
| Trade debts | 44 | €9,940 | €6,609 | -€3,331 | -33.5% |
| Suppliers | 440/4 | €9,940 | €6,609 | -€3,331 | -33.5% |
| Taxes, remuneration and social security | 45 | €9,180 | €7,200 | -€1,980 | -21.6% |
| Taxes | 450/3 | €9,180 | €7,200 | -€1,980 | -21.6% |
| Other amounts payable | 47/48 | €28,800 | €30,134 | +€1,334 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,347 | €30,542 | +€3,196 | +11.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €40,685 | €79,928 | +€39,243 | +96.5% |
| Operating profit (loss) | 9901 | €13,338 | €48,986 | +€35,648 | +267% |
| Financial income | 75/76B | €591 | €792 | +€201 | +33.9% |
| Recurring financial income | 75 | €591 | €792 | +€201 | +33.9% |
| Financial charges | 65/66B | €4,773 | €6,006 | +€1,233 | +25.8% |
| Recurring financial charges | 65 | €4,773 | €6,006 | +€1,233 | +25.8% |
| Profit (loss) for the period before taxes | 9903 | €9,156 | €43,771 | +€34,615 | +378% |
| Income taxes | 67/77 | €1,980 | €10,910 | +€8,930 | +451% |
| Profit (loss) for the period | 9904 | €7,176 | €32,862 | +€25,685 | +358% |
| Profit (loss) for the period to be appropriated | 9905 | €7,176 | €32,862 | +€25,685 | +358% |
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 20 October 2026 via checked.be.