IMMO 58: 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 58
Largest movements
- Current investments +€900,000
new in 2025: €900,000
- Tangible fixed assets -€64,248
down €64,248 (-100.0%), from €64,248 to €0
- Cash -€47,887
down €47,887 (-75.4%), from €63,517 to €15,629
mainly Current investments (-€900,000) and Smaller working-capital items (-€2,633)
- Reserves +€596,530
up €596,530 (+693.5%), from €86,017 to €682,547
of which Tax-exempt reserves: +€589,314
- Provisions +€196,438
new in 2025: €196,438
- Gross operating margin +€774,319
up €774,319 (+5932.7%), from €13,052 to €787,371
- Financial income +€14,175
up €14,175 (+47250300.0%), from €0 to €14,175
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 | €129,795 | €919,507 | +€789,712 | +608.4% |
| Fixed assets | 21/28 | €64,248 | €0 | -€64,248 | -100.0% |
| Tangible fixed assets | 22/27 | €64,248 | €0 | -€64,248 | -100.0% |
| Land and buildings | 22 | €64,248 | €0 | -€64,248 | -100.0% |
| Current assets | 29/58 | €65,547 | €919,507 | +€853,960 | +1302.8% |
| Amounts receivable within one year | 40/41 | €2,031 | €3,878 | +€1,847 | +91.0% |
| Other amounts receivable | 41 | €2,031 | €3,878 | +€1,847 | +91.0% |
| Current investments | 50/53 | - | €900,000 | +€900,000 | |
| Cash at bank and in hand | 54/58 | €63,517 | €15,629 | -€47,887 | -75.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €129,795 | €919,507 | +€789,712 | +608.4% |
| Equity | 10/15 | €125,299 | €721,829 | +€596,530 | +476.1% |
| Contributions | 10/11 | €39,281 | €39,281 | = | 0.0% |
| Reserves | 13 | €86,017 | €682,547 | +€596,530 | +693.5% |
| Non-distributable reserves | 130/1 | €3,928 | €3,928 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,928 | €3,928 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,661 | €594,975 | +€589,314 | +10410.0% |
| Distributable reserves | 133 | €76,429 | €83,645 | +€7,216 | +9.4% |
| Provisions and deferred taxes | 16 | - | €196,438 | +€196,438 | |
| Deferred taxes | 168 | - | €196,438 | +€196,438 | |
| Amounts payable | 17/49 | €4,496 | €1,240 | -€3,256 | -72.4% |
| Amounts payable within one year | 42/48 | €4,496 | €1,240 | -€3,256 | -72.4% |
| Trade debts | 44 | €786 | €0 | -€786 | -100.0% |
| Suppliers | 440/4 | €786 | €0 | -€786 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,710 | €1,240 | -€2,470 | -66.6% |
| Taxes | 450/3 | €3,710 | €1,240 | -€2,470 | -66.6% |
| Non-recurring operating income | 76A | - | €785,752 | +€785,752 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | €0 | -€1,728 | -100.0% |
| Other operating charges | 640/8 | €6,227 | €6,022 | -€205 | -3.3% |
| Gross operating margin | 9900 | €13,052 | €787,371 | +€774,319 | +5932.7% |
| Operating profit (loss) | 9901 | €5,097 | €781,348 | +€776,252 | +15230.5% |
| Financial income | 75/76B | €0 | €14,175 | +€14,175 | +47250300.0% |
| Recurring financial income | 75 | €0 | €14,175 | +€14,175 | +47250300.0% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €4,962 | €795,373 | +€790,412 | +15930.2% |
| Transfer to deferred taxes | 680 | - | €196,438 | +€196,438 | |
| Income taxes | 67/77 | €1,240 | €2,405 | +€1,165 | +93.9% |
| Profit (loss) for the period | 9904 | €3,721 | €596,530 | +€592,809 | +15930.2% |
| Transfer to tax-exempt reserves | 689 | - | €589,314 | +€589,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,721 | €7,216 | +€3,495 | +93.9% |
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 9 October 2026 via checked.be.