IMMO 935: 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 935
Largest movements
- Tangible fixed assets -€89,536
down €89,536 (-5.5%), from €1.6m to €1.5m
of which Land and buildings: -€70,031
- Debts after one year -€156,069
down €156,069 (-34.4%), from €453,739 to €297,670
- Profit (loss) carried forward +€138,902
up €138,902 (+28.0%), from €496,908 to €635,810
- Other debts -€66,044
down €66,044 (-10.9%), from €604,073 to €538,029
- Gross operating margin +€13,861
up €13,861 (+4.3%), from €319,403 to €333,264
- Taxes +€11,000
up €11,000 (+31.4%), from €35,000 to €46,000
- Financial charges -€6,709
down €6,709 (-15.8%), from €42,428 to €35,718
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 | €1,737,891 | €1,660,255 | -€77,636 | -4.5% |
| Fixed assets | 21/28 | €1,626,691 | €1,537,155 | -€89,536 | -5.5% |
| Tangible fixed assets | 22/27 | €1,626,691 | €1,537,155 | -€89,536 | -5.5% |
| Land and buildings | 22 | €1,470,654 | €1,400,623 | -€70,031 | -4.8% |
| Other tangible fixed assets | 26 | €156,037 | €136,532 | -€19,505 | -12.5% |
| Current assets | 29/58 | €111,200 | €123,100 | +€11,899 | +10.7% |
| Cash at bank and in hand | 54/58 | €108,393 | €122,101 | +€13,708 | +12.6% |
| Deferred charges and accrued income | 490/1 | €2,807 | €998 | -€1,809 | -64.4% |
| Total equity and liabilities | 10/49 | €1,737,891 | €1,660,255 | -€77,636 | -4.5% |
| Equity | 10/15 | €518,908 | €657,810 | +€138,902 | +26.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Other | 1319 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496,908 | €635,810 | +€138,902 | +28.0% |
| Amounts payable | 17/49 | €1,218,983 | €1,002,445 | -€216,538 | -17.8% |
| Amounts payable after more than one year | 17 | €453,739 | €297,670 | -€156,069 | -34.4% |
| Financial debts | 170/4 | €453,739 | €297,670 | -€156,069 | -34.4% |
| Amounts payable within one year | 42/48 | €765,244 | €704,774 | -€60,469 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €151,780 | €156,069 | +€4,289 | +2.8% |
| Trade debts | 44 | €4,715 | - | -€4,715 | |
| Suppliers | 440/4 | €4,715 | - | -€4,715 | |
| Taxes, remuneration and social security | 45 | €4,676 | €10,676 | +€6,000 | +128.3% |
| Taxes | 450/3 | €4,676 | €10,676 | +€6,000 | +128.3% |
| Other amounts payable | 47/48 | €604,073 | €538,029 | -€66,044 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,536 | €89,536 | = | 0.0% |
| Other operating charges | 640/8 | €22,364 | €23,108 | +€744 | +3.3% |
| Gross operating margin | 9900 | €319,403 | €333,264 | +€13,861 | +4.3% |
| Operating profit (loss) | 9901 | €207,503 | €220,620 | +€13,117 | +6.3% |
| Financial charges | 65/66B | €42,428 | €35,718 | -€6,709 | -15.8% |
| Recurring financial charges | 65 | €42,428 | €35,718 | -€6,709 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €165,076 | €184,902 | +€19,826 | +12.0% |
| Income taxes | 67/77 | €35,000 | €46,000 | +€11,000 | +31.4% |
| Profit (loss) for the period | 9904 | €130,076 | €138,902 | +€8,826 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €130,076 | €138,902 | +€8,826 | +6.8% |
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 3 October 2026 via checked.be.