IMMO 55: 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.
What changed
IMMO 55
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.3m
2024 · -€91,542-€1.2m
Equity
€938,578
2024 · €2.2m-€1.3m
Cash
€8,212
2024 · €9,979-€1,768
Balance sheet total
€12.2m
2024 · €5.8m+€6.4m
Largest movements
Assets
- Tangible fixed assets +€6.3m
up €6.3m (+110.0%), from €5.8m to €12.1m
Equity and liabilities
- Debts after one year +€7.1m
up €7.1m (+225.4%), from €3.1m to €10.2m
of which Financial debts: +€7.1m
- Profit (loss) carried forward -€1.3m
down €1.3m (-178.0%), from -€706,634 to -€2.0m
- Other debts +€443,107
up €443,107 (+193.4%), from €229,139 to €672,245
Income statement
- Depreciation +€971,125
up €971,125 (+421.2%), from €230,553 to €1.2m
- Financial charges +€135,991
up €135,991 (+201.4%), from €67,517 to €203,508
- Gross operating margin +€97,946
up €97,946 (+39.7%), from €246,450 to €344,396
- Other operating charges +€32,518
up €32,518 (+81.5%), from €39,923 to €72,440
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.
Result 2024
-€91,542
Gross operating margin
+€97,946
Depreciation
-€971,125
Other operating charges
-€32,518
Other operating items
-€124,688
Financial income
+€17
Financial charges
-€135,991
Result 2025
-€1.3m
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.
From operations
+€394,226
Investment
-€7.5m
Financing
+€7.2m
Cash 2024
€9,979
From operations (derived)
+€394,226
Net result for the year
-€1.3m
Depreciation
+€1.2m
Receivables within one year
-€89,218
Smaller working-capital items
+€2,579
Trade debts
+€93,980
Other debts
+€443,107
Investment (derived)
-€7.5m
Investment in fixed assets (net)
-€7.5m
Financing
+€7.2m
Debts after one year
+€7.1m
Current portion of long-term debt
+€41,830
Short-term financial debts
+€31,683
Cash 2025
€8,212
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,795,203 | €12,230,884 | +€6.4m | +111.1% |
| Fixed assets | 21/28 | €5,769,373 | €12,114,462 | +€6.3m | +110.0% |
| Tangible fixed assets | 22/27 | €5,769,373 | €12,114,462 | +€6.3m | +110.0% |
| Land and buildings | 22 | €5,769,373 | €12,114,462 | +€6.3m | +110.0% |
| Current assets | 29/58 | €25,831 | €116,422 | +€90,592 | +350.7% |
| Amounts receivable within one year | 40/41 | €13,734 | €102,952 | +€89,218 | +649.6% |
| Trade receivables | 40 | €13,734 | €67,416 | +€53,682 | +390.9% |
| Other amounts receivable | 41 | - | €35,536 | +€35,536 | |
| Cash at bank and in hand | 54/58 | €9,979 | €8,212 | -€1,768 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,117 | €5,259 | +€3,141 | +148.4% |
| Total equity and liabilities | 10/49 | €5,795,203 | €12,230,884 | +€6.4m | +111.1% |
| Equity | 10/15 | €2,196,478 | €938,578 | -€1.3m | -57.3% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,700,000 | €2,700,000 | = | 0.0% |
| Reserves | 13 | €140,612 | €140,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,862 | €27,862 | = | 0.0% |
| Distributable reserves | 133 | €106,500 | €106,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€706,634 | -€1,964,534 | -€1.3m | -178.0% |
| Amounts payable | 17/49 | €3,598,725 | €11,292,306 | +€7.7m | +213.8% |
| Amounts payable after more than one year | 17 | €3,140,437 | €10,217,696 | +€7.1m | +225.4% |
| Financial debts | 170/4 | €3,135,090 | €10,191,269 | +€7.1m | +225.1% |
| Other amounts payable | 178/9 | €5,347 | €26,427 | +€21,080 | +394.3% |
| Amounts payable within one year | 42/48 | €458,209 | €1,068,810 | +€610,601 | +133.3% |
| Current portion of amounts payable after more than one year | 42 | €177,930 | €219,760 | +€41,830 | +23.5% |
| Financial debts | 43 | €26,121 | €57,805 | +€31,683 | +121.3% |
| Credit institutions | 430/8 | €26,121 | - | -€26,121 | |
| Other loans | 439 | - | €57,805 | +€57,805 | |
| Trade debts | 44 | €25,019 | €119,000 | +€93,980 | +375.6% |
| Suppliers | 440/4 | €25,019 | €119,000 | +€93,980 | +375.6% |
| Other amounts payable | 47/48 | €229,139 | €672,245 | +€443,107 | +193.4% |
| Accrued charges and deferred income | 492/3 | €80 | €5,800 | +€5,720 | +7175.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €230,553 | €1,201,678 | +€971,125 | +421.2% |
| Other operating charges | 640/8 | €39,923 | €72,440 | +€32,518 | +81.5% |
| Non-recurring operating charges | 66A | - | €124,688 | +€124,688 | |
| Gross operating margin | 9900 | €246,450 | €344,396 | +€97,946 | +39.7% |
| Operating profit (loss) | 9901 | -€24,025 | -€1,054,410 | -€1.0m | -4288.8% |
| Financial income | 75/76B | €0 | €18 | +€17 | +10893.8% |
| Recurring financial income | 75 | €0 | €18 | +€17 | +10893.8% |
| Financial charges | 65/66B | €67,517 | €203,508 | +€135,991 | +201.4% |
| Recurring financial charges | 65 | €67,517 | €203,508 | +€135,991 | +201.4% |
| Profit (loss) for the period before taxes | 9903 | -€91,542 | -€1,257,900 | -€1.2m | -1274.1% |
| Profit (loss) for the period | 9904 | -€91,542 | -€1,257,900 | -€1.2m | -1274.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,542 | -€1,257,900 | -€1.2m | -1274.1% |
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 11 October 2026 via checked.be.