IMMO 74: 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.
What changed
IMMO 74
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7,943
2024 · €11,876-€3,933
Equity
€22,124
2024 · €21,680+€443
Cash
€3,420
2024 · €7,816-€4,396
Balance sheet total
€1.3m
2024 · €1.4m-€52,794
Largest movements
Assets
- Tangible fixed assets -€37,994
down €37,994 (-2.8%), from €1.3m to €1.3m
of which Land and buildings: -€46,353
Equity and liabilities
- Debts after one year -€45,310
down €45,310 (-3.7%), from €1.2m to €1.2m
Income statement
- Financial charges +€19,282
up €19,282 (+55.8%), from €34,545 to €53,827
- Gross operating margin +€14,952
up €14,952 (+15.2%), from €98,581 to €113,532
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
€11,876
Gross operating margin
+€14,952
Depreciation
-€137
Other operating charges
+€1,076
Financial income
+€148
Financial charges
-€19,282
Taxes
-€689
Result 2025
€7,943
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
+€56,488
Investment
-€9,937
Financing
-€50,948
Cash 2024
€7,816
From operations (derived)
+€56,488
Net result for the year
+€7,943
Depreciation
+€47,931
Receivables within one year
+€10,404
Trade debts
+€224
Tax, wage and social debts
+€116
Other debts
-€10,130
Investment (derived)
-€9,937
Investment in fixed assets (net)
-€9,937
Financing
-€50,948
Debts after one year
-€45,310
Current portion of long-term debt
+€1,862
Contributions, distributions and other
-€7,500
Cash 2025
€3,420
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,371,594 | €1,318,800 | -€52,794 | -3.8% |
| Fixed assets | 21/28 | €1,345,735 | €1,307,741 | -€37,994 | -2.8% |
| Tangible fixed assets | 22/27 | €1,345,735 | €1,307,741 | -€37,994 | -2.8% |
| Land and buildings | 22 | €1,338,058 | €1,291,705 | -€46,353 | -3.5% |
| Plant, machinery and equipment | 23 | €7,677 | €16,035 | +€8,359 | +108.9% |
| Current assets | 29/58 | €25,859 | €11,059 | -€14,800 | -57.2% |
| Amounts receivable within one year | 40/41 | €18,043 | €7,639 | -€10,404 | -57.7% |
| Trade receivables | 40 | €195 | €195 | = | 0.0% |
| Other amounts receivable | 41 | €17,848 | €7,444 | -€10,404 | -58.3% |
| Cash at bank and in hand | 54/58 | €7,816 | €3,420 | -€4,396 | -56.2% |
| Total equity and liabilities | 10/49 | €1,371,594 | €1,318,800 | -€52,794 | -3.8% |
| Equity | 10/15 | €21,680 | €22,124 | +€443 | +2.0% |
| Contributions | 10/11 | €10,040 | €10,040 | = | 0.0% |
| Reserves | 13 | €10,764 | €10,764 | = | 0.0% |
| Distributable reserves | 133 | €10,764 | €10,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | €876 | €1,319 | +€443 | +50.6% |
| Amounts payable | 17/49 | €1,349,914 | €1,296,676 | -€53,238 | -3.9% |
| Amounts payable after more than one year | 17 | €1,232,047 | €1,186,737 | -€45,310 | -3.7% |
| Financial debts | 170/4 | €1,232,047 | €1,186,737 | -€45,310 | -3.7% |
| Amounts payable within one year | 42/48 | €117,867 | €109,939 | -€7,928 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €43,448 | €45,310 | +€1,862 | +4.3% |
| Trade debts | 44 | €1,716 | €1,940 | +€224 | +13.1% |
| Suppliers | 440/4 | €1,716 | €1,940 | +€224 | +13.1% |
| Taxes, remuneration and social security | 45 | €50 | €166 | +€116 | +230.4% |
| Taxes | 450/3 | €50 | €166 | +€116 | +230.4% |
| Other amounts payable | 47/48 | €72,653 | €62,523 | -€10,130 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,794 | €47,931 | +€137 | +0.3% |
| Other operating charges | 640/8 | €5,237 | €4,162 | -€1,076 | -20.5% |
| Gross operating margin | 9900 | €98,581 | €113,532 | +€14,952 | +15.2% |
| Operating profit (loss) | 9901 | €45,550 | €61,440 | +€15,890 | +34.9% |
| Financial income | 75/76B | €348 | €496 | +€148 | +42.5% |
| Recurring financial income | 75 | €348 | €496 | +€148 | +42.5% |
| Financial charges | 65/66B | €34,545 | €53,827 | +€19,282 | +55.8% |
| Recurring financial charges | 65 | €34,545 | €53,827 | +€19,282 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | €11,353 | €8,109 | -€3,244 | -28.6% |
| Income taxes | 67/77 | -€523 | €166 | +€689 | |
| Profit (loss) for the period | 9904 | €11,876 | €7,943 | -€3,933 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,876 | €7,943 | -€3,933 | -33.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.