IMMO A.G.: 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 A.G.
Largest movements
- Receivables within one year +€445,210
up €445,210 (+274%), from €162,300 to €607,510
- Current investments +€175,000
new in 2024: €175,000
- Cash +€154,066
up €154,066 (+80,377%), from €192 to €154,258
mainly Net result for the year (+€816,168) and Depreciation (+€82,381)
- Tangible fixed assets -€136,527
down €136,527 (-7.5%), from €1.8m to €1.7m
of which Land and buildings: -€130,153
- Reserves +€816,168
up €816,168 (+33.3%), from €2.5m to €3.3m
of which Distributable reserves: +€1.2m
- Provisions -€158,979
down €158,979 (-26.2%), from €606,119 to €447,139
- Gross operating margin +€917,343
up €917,343 (+425%), from €215,687 to €1.1m
- Taxes +€267,655
up €267,655 (+209%), from €128,235 to €395,890
- Financial charges -€262,739
down €262,739 (-92.8%), from €283,099 to €20,359
of which Non-recurring financial charges: -€258,039
- Depreciation -€61,109
down €61,109 (-42.6%), from €143,490 to €82,381
- Financial income +€14,359
up €14,359 (+151%), from €9,517 to €23,877
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,844,507 | €5,482,855 | +€638,348 | +13.2% |
| Fixed assets | 21/28 | €2,136,895 | €2,000,368 | -€136,527 | -6.4% |
| Tangible fixed assets | 22/27 | €1,812,155 | €1,675,628 | -€136,527 | -7.5% |
| Land and buildings | 22 | €1,793,376 | €1,663,223 | -€130,153 | -7.3% |
| Plant, machinery and equipment | 23 | €7,453 | €4,707 | -€2,746 | -36.8% |
| Furniture and vehicles | 24 | €11,326 | €7,699 | -€3,627 | -32.0% |
| Financial fixed assets | 28 | €324,741 | €324,741 | = | 0.0% |
| Current assets | 29/58 | €2,707,612 | €3,482,487 | +€774,875 | +28.6% |
| Amounts receivable after more than one year | 29 | €2,545,121 | €2,545,121 | = | 0.0% |
| Other amounts receivable | 291 | €2,545,121 | €2,545,121 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €162,300 | €607,510 | +€445,210 | +274% |
| Other amounts receivable | 41 | €162,300 | €607,510 | +€445,210 | +274% |
| Current investments | 50/53 | - | €175,000 | +€175,000 | |
| Cash at bank and in hand | 54/58 | €192 | €154,258 | +€154,066 | +80,377% |
| Deferred charges and accrued income | 490/1 | - | €598 | +€598 | |
| Total equity and liabilities | 10/49 | €4,844,507 | €5,482,855 | +€638,348 | +13.2% |
| Equity | 10/15 | €3,672,939 | €4,489,107 | +€816,168 | +22.2% |
| Contributions | 10/11 | €1,220,000 | €1,220,000 | = | 0.0% |
| Capital | 10 | €1,220,000 | €1,220,000 | = | 0.0% |
| Issued capital | 100 | €1,220,000 | €1,220,000 | = | 0.0% |
| Reserves | 13 | €2,452,939 | €3,269,107 | +€816,168 | +33.3% |
| Non-distributable reserves | 130/1 | €63,664 | €128,520 | +€64,856 | +102% |
| Legal reserve | 130 | €57,095 | €121,952 | +€64,856 | +114% |
| Reserves not available under the articles | 1311 | €6,569 | €6,569 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,941,890 | €1,464,952 | -€476,938 | -24.6% |
| Distributable reserves | 133 | €447,385 | €1,675,635 | +€1.2m | +275% |
| Provisions and deferred taxes | 16 | €606,119 | €447,139 | -€158,979 | -26.2% |
| Deferred taxes | 168 | €606,119 | €447,139 | -€158,979 | -26.2% |
| Amounts payable | 17/49 | €565,450 | €546,609 | -€18,841 | -3.3% |
| Amounts payable after more than one year | 17 | €368,244 | €345,468 | -€22,776 | -6.2% |
| Financial debts | 170/4 | €368,244 | €345,468 | -€22,776 | -6.2% |
| Amounts payable within one year | 42/48 | €186,411 | €201,048 | +€14,637 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €34,442 | €22,776 | -€11,666 | -33.9% |
| Financial debts | 43 | €20,618 | - | -€20,618 | |
| Credit institutions | 430/8 | €20,618 | - | -€20,618 | |
| Trade debts | 44 | €1,786 | €585 | -€1,202 | -67.3% |
| Suppliers | 440/4 | €1,786 | €585 | -€1,202 | -67.3% |
| Taxes, remuneration and social security | 45 | €129,565 | €177,688 | +€48,123 | +37.1% |
| Taxes | 450/3 | €129,565 | €177,688 | +€48,123 | +37.1% |
| Accrued charges and deferred income | 492/3 | €10,795 | €93 | -€10,702 | -99.1% |
| Non-recurring operating income | 76A | €138,320 | €1,133,215 | +€994,895 | +719% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,490 | €82,381 | -€61,109 | -42.6% |
| Other operating charges | 640/8 | €1,229 | €1,089 | -€141 | -11.4% |
| Gross operating margin | 9900 | €215,687 | €1,133,030 | +€917,343 | +425% |
| Operating profit (loss) | 9901 | €70,969 | €1,049,561 | +€978,593 | +1,379% |
| Financial income | 75/76B | €9,517 | €23,877 | +€14,359 | +151% |
| Recurring financial income | 75 | €9,517 | €23,877 | +€14,359 | +151% |
| Financial charges | 65/66B | €283,099 | €20,359 | -€262,739 | -92.8% |
| Recurring financial charges | 65 | €25,060 | €20,359 | -€4,700 | -18.8% |
| Non-recurring financial charges | 66B | €258,039 | - | -€258,039 | |
| Profit (loss) for the period before taxes | 9903 | -€202,613 | €1,053,078 | +€1.3m | |
| Transfer from deferred taxes | 780 | €215,279 | €158,979 | -€56,300 | -26.2% |
| Income taxes | 67/77 | €128,235 | €395,890 | +€267,655 | +209% |
| Profit (loss) for the period | 9904 | -€115,569 | €816,168 | +€931,737 | |
| Transfer from tax-exempt reserves | 789 | €523,025 | €476,938 | -€46,087 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €407,456 | €1,293,106 | +€885,650 | +217% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.