IMMO 55: 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 55
Largest movements
- Tangible fixed assets +€37,246
up €37,246 (+8.6%), from €430,829 to €468,075
of which Land and buildings: +€60,326
- Cash -€9,600
down €9,600 (-80.2%), from €11,965 to €2,364
mainly Investment in fixed assets (net) (-€85,613) and Debts after one year (-€39,024)
- Receivables within one year +€9,000
new in 2025: €9,000
- Other debts +€78,982
up €78,982 (+62.6%), from €126,110 to €205,092
- Debts after one year -€39,024
down €39,024 (-15.8%), from €246,823 to €207,800
- Profit (loss) carried forward -€12,385
down €12,385 (-12.9%), from -€95,763 to -€108,148
- Trade debts +€5,105
up €5,105 (+233.2%), from €2,189 to €7,293
- Gross operating margin +€27,913
up €27,913 (+109.5%), from €25,482 to €53,395
- Depreciation -€3,698
down €3,698 (-7.1%), from €52,065 to €48,367
- Other operating charges -€1,307
down €1,307 (-12.9%), from €10,134 to €8,827
- Financial charges -€1,061
down €1,061 (-11.0%), from €9,648 to €8,587
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 | €449,147 | €482,920 | +€33,773 | +7.5% |
| Fixed assets | 21/28 | €430,904 | €468,150 | +€37,246 | +8.6% |
| Tangible fixed assets | 22/27 | €430,829 | €468,075 | +€37,246 | +8.6% |
| Land and buildings | 22 | €368,899 | €429,225 | +€60,326 | +16.4% |
| Furniture and vehicles | 24 | €61,930 | €38,850 | -€23,080 | -37.3% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €18,242 | €14,770 | -€3,473 | -19.0% |
| Amounts receivable within one year | 40/41 | - | €9,000 | +€9,000 | |
| Other amounts receivable | 41 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €11,965 | €2,364 | -€9,600 | -80.2% |
| Deferred charges and accrued income | 490/1 | €6,278 | €3,405 | -€2,872 | -45.8% |
| Total equity and liabilities | 10/49 | €449,147 | €482,920 | +€33,773 | +7.5% |
| Equity | 10/15 | €36,097 | €23,711 | -€12,385 | -34.3% |
| Contributions | 10/11 | €115,626 | €115,626 | = | 0.0% |
| Reserves | 13 | €16,233 | €16,233 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,400 | €12,400 | = | 0.0% |
| Distributable reserves | 133 | €3,833 | €3,833 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,763 | -€108,148 | -€12,385 | -12.9% |
| Amounts payable | 17/49 | €413,050 | €459,208 | +€46,158 | +11.2% |
| Amounts payable after more than one year | 17 | €246,823 | €207,800 | -€39,024 | -15.8% |
| Financial debts | 170/4 | €246,823 | €207,800 | -€39,024 | -15.8% |
| Amounts payable within one year | 42/48 | €166,227 | €251,409 | +€85,182 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €37,928 | €39,024 | +€1,096 | +2.9% |
| Trade debts | 44 | €2,189 | €7,293 | +€5,105 | +233.2% |
| Suppliers | 440/4 | €2,189 | €7,293 | +€5,105 | +233.2% |
| Other amounts payable | 47/48 | €126,110 | €205,092 | +€78,982 | +62.6% |
| Non-recurring operating income | 76A | - | €1,053 | +€1,053 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,065 | €48,367 | -€3,698 | -7.1% |
| Other operating charges | 640/8 | €10,134 | €8,827 | -€1,307 | -12.9% |
| Gross operating margin | 9900 | €25,482 | €53,395 | +€27,913 | +109.5% |
| Operating profit (loss) | 9901 | -€36,717 | -€3,799 | +€32,918 | +89.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9900.0% |
| Financial charges | 65/66B | €9,648 | €8,587 | -€1,061 | -11.0% |
| Recurring financial charges | 65 | €9,648 | €8,587 | -€1,061 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | -€46,365 | -€12,385 | +€33,980 | +73.3% |
| Profit (loss) for the period | 9904 | -€46,365 | -€12,385 | +€33,980 | +73.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,365 | -€12,385 | +€33,980 | +73.3% |
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 5 October 2026 via checked.be.