IMMO 77: 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 77
NACE 47.791, Retail sale of antiques
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,111
2024 · €14,030-€22,141
Equity
€416,547
2024 · €424,658-€8,111
Cash
€12,786
2024 · €1,749+€11,037
Balance sheet total
€2.7m
2024 · €2.8m-€73,614
Largest movements
Assets
- Tangible fixed assets -€74,942
down €74,942 (-2.7%), from €2.7m to €2.7m
of which Land and buildings: -€64,441
Equity and liabilities
- Debts after one year -€103,057
down €103,057 (-10.4%), from €990,919 to €887,862
- Other debts +€62,545
up €62,545 (+5.2%), from €1.2m to €1.3m
Income statement
- Gross operating margin -€21,721
down €21,721 (-15.9%), from €136,471 to €114,751
- Other operating charges +€1,883
up €1,883 (+25.1%), from €7,491 to €9,374
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
€14,030
Gross operating margin
-€21,721
Depreciation
-€163
Other operating charges
-€1,883
Other operating items
+€2,496
Financial income
+€139
Financial charges
-€1,009
Result 2025
-€8,111
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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
+€150,042
Investment
-€15,880
Financing
-€123,125
Cash 2024
€1,749
From operations (derived)
+€150,042
Net result for the year
-€8,111
Depreciation
+€90,822
Receivables within one year
+€9,709
Trade debts
-€7,101
Tax, wage and social debts
+€2,105
Other debts
+€62,545
Accrued charges and deferred income
+€73
Investment (derived)
-€15,880
Investment in fixed assets (net)
-€15,880
Financing
-€123,125
Debts after one year
-€103,057
Current portion of long-term debt
+€1,365
Short-term financial debts
-€21,433
Cash 2025
€12,786
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,768,713 | €2,695,099 | -€73,614 | -2.7% |
| Fixed assets | 21/28 | €2,744,589 | €2,669,647 | -€74,942 | -2.7% |
| Tangible fixed assets | 22/27 | €2,744,289 | €2,669,347 | -€74,942 | -2.7% |
| Land and buildings | 22 | €2,708,585 | €2,644,143 | -€64,441 | -2.4% |
| Furniture and vehicles | 24 | €35,705 | €25,204 | -€10,500 | -29.4% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €24,124 | €25,452 | +€1,327 | +5.5% |
| Amounts receivable within one year | 40/41 | €22,375 | €12,666 | -€9,709 | -43.4% |
| Trade receivables | 40 | €7,025 | €6,725 | -€300 | -4.3% |
| Other amounts receivable | 41 | €15,350 | €5,941 | -€9,409 | -61.3% |
| Cash at bank and in hand | 54/58 | €1,749 | €12,786 | +€11,037 | +631% |
| Total equity and liabilities | 10/49 | €2,768,713 | €2,695,099 | -€73,614 | -2.7% |
| Equity | 10/15 | €424,658 | €416,547 | -€8,111 | -1.9% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Revaluation surpluses | 12 | €377,615 | €377,615 | = | 0.0% |
| Reserves | 13 | €336 | €336 | = | 0.0% |
| Non-distributable reserves | 130/1 | €336 | €336 | = | 0.0% |
| Legal reserve | 130 | €336 | €336 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,030 | -€110,141 | -€8,111 | -7.9% |
| Amounts payable | 17/49 | €2,344,056 | €2,278,552 | -€65,504 | -2.8% |
| Amounts payable after more than one year | 17 | €990,919 | €887,862 | -€103,057 | -10.4% |
| Financial debts | 170/4 | €990,919 | €887,862 | -€103,057 | -10.4% |
| Amounts payable within one year | 42/48 | €1,350,936 | €1,388,417 | +€37,481 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €101,692 | €103,057 | +€1,365 | +1.3% |
| Financial debts | 43 | €21,433 | - | -€21,433 | |
| Credit institutions | 430/8 | €21,433 | - | -€21,433 | |
| Trade debts | 44 | €23,797 | €16,696 | -€7,101 | -29.8% |
| Suppliers | 440/4 | €23,797 | €16,696 | -€7,101 | -29.8% |
| Taxes, remuneration and social security | 45 | - | €2,105 | +€2,105 | |
| Taxes | 450/3 | - | €2,105 | +€2,105 | |
| Other amounts payable | 47/48 | €1,204,014 | €1,266,559 | +€62,545 | +5.2% |
| Accrued charges and deferred income | 492/3 | €2,200 | €2,273 | +€73 | +3.3% |
| Non-recurring operating income | 76A | €37,596 | - | -€37,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,659 | €90,822 | +€163 | +0.2% |
| Other operating charges | 640/8 | €7,491 | €9,374 | +€1,883 | +25.1% |
| Non-recurring operating charges | 66A | €2,496 | - | -€2,496 | |
| Gross operating margin | 9900 | €136,471 | €114,751 | -€21,721 | -15.9% |
| Operating profit (loss) | 9901 | €35,825 | €14,554 | -€21,271 | -59.4% |
| Financial income | 75/76B | €0 | €139 | +€139 | +42,018% |
| Recurring financial income | 75 | €0 | €139 | +€139 | +42,018% |
| Financial charges | 65/66B | €21,795 | €22,804 | +€1,009 | +4.6% |
| Recurring financial charges | 65 | €21,795 | €22,804 | +€1,009 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €14,030 | -€8,111 | -€22,141 | |
| Profit (loss) for the period | 9904 | €14,030 | -€8,111 | -€22,141 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,030 | -€8,111 | -€22,141 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.