IMMO 76: 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 76
Largest movements
- Cash +€37,109
up €37,109 (+27.7%), from €133,882 to €170,991
mainly Other debts (+€57,642) and Depreciation (+€9,655)
- Profit (loss) carried forward +€4.1m
up €4.1m (+78.2%), from -€5.3m to -€1.2m
- Reserves -€4.1m
down €4.1m (-99.8%), from €4.1m to €10,217
of which Distributable reserves: -€4.1m
- Other debts +€57,642
up €57,642 (+6.8%), from €853,781 to €911,423
- Gross operating margin -€73,306
down €73,306 (-46.2%), from €158,514 to €85,207
- Taxes -€13,618
down €13,618 (-88.6%), from €15,373 to €1,754
- Financial charges -€13,123
down €13,123 (-17.1%), from €76,955 to €63,832
- Depreciation -€12,355
down €12,355 (-56.1%), from €22,011 to €9,655
- Other operating charges -€6,478
down €6,478 (-48.1%), from €13,466 to €6,988
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 | €2,258,832 | €2,291,514 | +€32,682 | +1.4% |
| Fixed assets | 21/28 | €2,120,585 | €2,115,992 | -€4,593 | -0.2% |
| Tangible fixed assets | 22/27 | €2,120,585 | €2,115,992 | -€4,593 | -0.2% |
| Land and buildings | 22 | €2,109,190 | €2,101,678 | -€7,512 | -0.4% |
| Plant, machinery and equipment | 23 | €11,124 | €14,249 | +€3,126 | +28.1% |
| Furniture and vehicles | 24 | €271 | €65 | -€206 | -76.0% |
| Current assets | 29/58 | €138,247 | €175,522 | +€37,275 | +27.0% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €133,882 | €170,991 | +€37,109 | +27.7% |
| Deferred charges and accrued income | 490/1 | €4,364 | €2,530 | -€1,834 | -42.0% |
| Total equity and liabilities | 10/49 | €2,258,832 | €2,291,514 | +€32,682 | +1.4% |
| Equity | 10/15 | €1,306,020 | €1,309,525 | +€3,506 | +0.3% |
| Contributions | 10/11 | €645,000 | €645,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,808,413 | €1,808,413 | = | 0.0% |
| Reserves | 13 | €4,143,590 | €10,217 | -€4.1m | -99.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €11,975 | €10,217 | -€1,758 | -14.7% |
| Distributable reserves | 133 | €4,131,615 | €0 | -€4.1m | -100.0% |
| Profit (loss) carried forward | 14 | -€5,290,983 | -€1,154,105 | +€4.1m | +78.2% |
| Provisions and deferred taxes | 16 | €6,166 | €5,580 | -€586 | -9.5% |
| Deferred taxes | 168 | €6,166 | €5,580 | -€586 | -9.5% |
| Amounts payable | 17/49 | €946,646 | €976,409 | +€29,763 | +3.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €870,251 | €912,938 | +€42,687 | +4.9% |
| Trade debts | 44 | €1,097 | €1,511 | +€414 | +37.7% |
| Suppliers | 440/4 | €1,097 | €1,511 | +€414 | +37.7% |
| Taxes, remuneration and social security | 45 | €15,373 | €4 | -€15,368 | -100.0% |
| Taxes | 450/3 | €15,373 | €4 | -€15,368 | -100.0% |
| Other amounts payable | 47/48 | €853,781 | €911,423 | +€57,642 | +6.8% |
| Accrued charges and deferred income | 492/3 | €76,395 | €63,471 | -€12,924 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,011 | €9,655 | -€12,355 | -56.1% |
| Other operating charges | 640/8 | €13,466 | €6,988 | -€6,478 | -48.1% |
| Non-recurring operating charges | 66A | - | €73 | +€73 | |
| Gross operating margin | 9900 | €158,514 | €85,207 | -€73,306 | -46.2% |
| Operating profit (loss) | 9901 | €123,037 | €68,491 | -€54,547 | -44.3% |
| Financial income | 75/76B | €12 | €15 | +€3 | +21.4% |
| Recurring financial income | 75 | €12 | €15 | +€3 | +21.4% |
| Financial charges | 65/66B | €76,955 | €63,832 | -€13,123 | -17.1% |
| Recurring financial charges | 65 | €76,955 | €63,832 | -€13,123 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €46,095 | €4,674 | -€41,421 | -89.9% |
| Transfer from deferred taxes | 780 | €3,507 | €586 | -€2,921 | -83.3% |
| Income taxes | 67/77 | €15,373 | €1,754 | -€13,618 | -88.6% |
| Profit (loss) for the period | 9904 | €34,230 | €3,506 | -€30,724 | -89.8% |
| Transfer from tax-exempt reserves | 789 | €6,812 | €1,758 | -€5,054 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,041 | €5,263 | -€35,778 | -87.2% |
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 2 October 2026 via checked.be.