IMMO 770: 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 770
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€233,992
down €233,992 (-14.7%), from €1.6m to €1.4m
of which Financial debts: -€242,882
- Profit (loss) carried forward +€123,155
up €123,155 (+67.9%), from €181,274 to €304,429
- Other debts +€65,584
up €65,584 (+5.3%), from €1.2m to €1.3m
- Accrued charges and deferred income -€61,958
down €61,958 (-70.3%), from €88,116 to €26,159
- Tax, wage and social debts +€37,995
up €37,995 (+554%), from €6,854 to €44,849
- Gross operating margin +€130,031
up €130,031 (+47.8%), from €271,884 to €401,915
- Taxes +€44,523
up €44,523 (+13,642%), from €326 to €44,849
- Financial charges -€10,805
down €10,805 (-21.2%), from €51,073 to €40,268
- Depreciation +€5,627
up €5,627 (+3.6%), from €156,737 to €162,364
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,647,475 | €3,589,461 | -€58,013 | -1.6% |
| Fixed assets | 21/28 | €3,597,414 | €3,563,857 | -€33,557 | -0.9% |
| Tangible fixed assets | 22/27 | €3,596,164 | €3,562,607 | -€33,557 | -0.9% |
| Land and buildings | 22 | €3,596,164 | €3,562,607 | -€33,557 | -0.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €50,061 | €25,605 | -€24,456 | -48.9% |
| Current investments | 50/53 | €11 | €0 | -€11 | -98.3% |
| Cash at bank and in hand | 54/58 | €27,750 | €3,948 | -€23,803 | -85.8% |
| Deferred charges and accrued income | 490/1 | €22,300 | €21,657 | -€643 | -2.9% |
| Total equity and liabilities | 10/49 | €3,647,475 | €3,589,461 | -€58,013 | -1.6% |
| Equity | 10/15 | €333,662 | €452,819 | +€119,158 | +35.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €90,414 | €86,417 | -€3,997 | -4.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,217 | €80,219 | -€3,997 | -4.7% |
| Profit (loss) carried forward | 14 | €181,274 | €304,429 | +€123,155 | +67.9% |
| Provisions and deferred taxes | 16 | €43,365 | €41,307 | -€2,058 | -4.7% |
| Deferred taxes | 168 | €43,365 | €41,307 | -€2,058 | -4.7% |
| Amounts payable | 17/49 | €3,270,448 | €3,095,335 | -€175,113 | -5.4% |
| Amounts payable after more than one year | 17 | €1,591,882 | €1,357,891 | -€233,992 | -14.7% |
| Financial debts | 170/4 | €1,562,212 | €1,319,331 | -€242,882 | -15.5% |
| Other amounts payable | 178/9 | €29,670 | €38,560 | +€8,890 | +30.0% |
| Amounts payable within one year | 42/48 | €1,590,450 | €1,711,286 | +€120,836 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €237,770 | €242,882 | +€5,112 | +2.1% |
| Financial debts | 43 | €0 | €47 | +€47 | |
| Credit institutions | 430/8 | €0 | €47 | +€47 | |
| Trade debts | 44 | €104,603 | €116,702 | +€12,099 | +11.6% |
| Suppliers | 440/4 | €104,603 | €116,702 | +€12,099 | +11.6% |
| Taxes, remuneration and social security | 45 | €6,854 | €44,849 | +€37,995 | +554% |
| Taxes | 450/3 | €6,854 | €44,849 | +€37,995 | +554% |
| Other amounts payable | 47/48 | €1,241,222 | €1,306,806 | +€65,584 | +5.3% |
| Accrued charges and deferred income | 492/3 | €88,116 | €26,159 | -€61,958 | -70.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,737 | €162,364 | +€5,627 | +3.6% |
| Other operating charges | 640/8 | €39,821 | €37,366 | -€2,455 | -6.2% |
| Gross operating margin | 9900 | €271,884 | €401,915 | +€130,031 | +47.8% |
| Operating profit (loss) | 9901 | €75,325 | €202,185 | +€126,860 | +168% |
| Financial income | 75/76B | €12 | €31 | +€19 | +157% |
| Recurring financial income | 75 | €12 | €31 | +€19 | +157% |
| Financial charges | 65/66B | €51,073 | €40,268 | -€10,805 | -21.2% |
| Recurring financial charges | 65 | €51,073 | €40,268 | -€10,805 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €24,265 | €161,949 | +€137,684 | +567% |
| Transfer from deferred taxes | 780 | €2,058 | €2,058 | = | 0.0% |
| Income taxes | 67/77 | €326 | €44,849 | +€44,523 | +13,642% |
| Profit (loss) for the period | 9904 | €25,997 | €119,158 | +€93,161 | +358% |
| Transfer from tax-exempt reserves | 789 | €3,997 | €3,997 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,994 | €123,155 | +€93,161 | +311% |
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 14 October 2026 via checked.be.