IMMO 97: 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 97
Largest movements
- Receivables after one year -€87,000
no longer reported in 2025 (was €87,000)
- Cash -€57,321
down €57,321 (-82.3%), from €69,681 to €12,360
mainly Contributions, distributions and other (-€233,942) and Investment in fixed assets (net) (-€3,086)
- Receivables within one year -€33,863
down €33,863 (-39.0%), from €86,829 to €52,967
- Profit (loss) carried forward -€198,271
no longer reported in 2025 (was €198,271)
- Tax, wage and social debts +€22,806
up €22,806 (+53.1%), from €42,928 to €65,735
- Gross operating margin -€9,617
down €9,617 (-15.4%), from €62,341 to €52,724
- Taxes -€2,522
down €2,522 (-18.9%), from €13,371 to €10,849
- Financial income -€2,437
no longer reported in 2025 (was €2,437)
- Staff costs -€1,560
down €1,560 (-66.3%), from €2,352 to €792
- Other operating charges -€1,258
down €1,258 (-35.0%), from €3,596 to €2,338
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 | €244,596 | €68,467 | -€176,129 | -72.0% |
| Fixed assets | 21/28 | €1,086 | €3,141 | +€2,055 | +189% |
| Tangible fixed assets | 22/27 | €1,086 | €3,141 | +€2,055 | +189% |
| Furniture and vehicles | 24 | €1,086 | €3,141 | +€2,055 | +189% |
| Current assets | 29/58 | €243,510 | €65,327 | -€178,183 | -73.2% |
| Amounts receivable after more than one year | 29 | €87,000 | - | -€87,000 | |
| Other amounts receivable | 291 | €87,000 | - | -€87,000 | |
| Amounts receivable within one year | 40/41 | €86,829 | €52,967 | -€33,863 | -39.0% |
| Other amounts receivable | 41 | €86,829 | €52,967 | -€33,863 | -39.0% |
| Cash at bank and in hand | 54/58 | €69,681 | €12,360 | -€57,321 | -82.3% |
| Total equity and liabilities | 10/49 | €244,596 | €68,467 | -€176,129 | -72.0% |
| Equity | 10/15 | €200,271 | €2,000 | -€198,271 | -99.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,271 | - | -€198,271 | |
| Amounts payable | 17/49 | €44,325 | €66,467 | +€22,142 | +50.0% |
| Amounts payable within one year | 42/48 | €44,325 | €66,467 | +€22,142 | +50.0% |
| Trade debts | 44 | €1,397 | €733 | -€664 | -47.5% |
| Suppliers | 440/4 | €1,397 | €733 | -€664 | -47.5% |
| Taxes, remuneration and social security | 45 | €42,928 | €65,735 | +€22,806 | +53.1% |
| Taxes | 450/3 | €42,928 | €65,735 | +€22,806 | +53.1% |
| Non-recurring operating income | 76A | €6,087 | - | -€6,087 | |
| Remuneration, social security and pensions | 62 | €2,352 | €792 | -€1,560 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,933 | €1,031 | -€902 | -46.7% |
| Other operating charges | 640/8 | €3,596 | €2,338 | -€1,258 | -35.0% |
| Gross operating margin | 9900 | €62,341 | €52,724 | -€9,617 | -15.4% |
| Operating profit (loss) | 9901 | €54,460 | €48,562 | -€5,897 | -10.8% |
| Financial income | 75/76B | €2,437 | - | -€2,437 | |
| Recurring financial income | 75 | €2,437 | - | -€2,437 | |
| Financial charges | 65/66B | €1,112 | €2,041 | +€930 | +83.7% |
| Recurring financial charges | 65 | €1,112 | €2,041 | +€930 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €55,785 | €46,521 | -€9,264 | -16.6% |
| Income taxes | 67/77 | €13,371 | €10,849 | -€2,522 | -18.9% |
| Profit (loss) for the period | 9904 | €42,413 | €35,672 | -€6,742 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,413 | €35,672 | -€6,742 | -15.9% |
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 17 October 2026 via checked.be.