IMMO AD: 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 AD
Largest movements
- Receivables within one year -€74,733
down €74,733 (-17.1%), from €436,845 to €362,112
of which Trade receivables: -€93,805
- Cash +€58,466
up €58,466 (+122%), from €47,876 to €106,342
mainly Receivables within one year (+€74,733) and Depreciation (+€7,998)
- Debts after one year -€23,345
down €23,345 (-33.8%), from €69,054 to €45,710
- Tax, wage and social debts -€8,490
down €8,490 (-31.2%), from €27,201 to €18,711
of which Taxes: -€6,306
- Gross operating margin -€84,856
down €84,856 (-52.1%), from €162,934 to €78,078
- Taxes -€18,245
down €18,245 (-77.2%), from €23,647 to €5,402
- Staff costs -€13,108
down €13,108 (-17.5%), from €74,970 to €61,862
- Financial income -€6,529
down €6,529 (-27.7%), from €23,540 to €17,011
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 | €777,347 | €754,599 | -€22,748 | -2.9% |
| Fixed assets | 21/28 | €292,626 | €286,145 | -€6,481 | -2.2% |
| Tangible fixed assets | 22/27 | €292,608 | €286,126 | -€6,481 | -2.2% |
| Land and buildings | 22 | €281,542 | €278,380 | -€3,162 | -1.1% |
| Plant, machinery and equipment | 23 | €6,966 | €2,976 | -€3,990 | -57.3% |
| Furniture and vehicles | 24 | €2,923 | €3,759 | +€836 | +28.6% |
| Other tangible fixed assets | 26 | €1,177 | €1,011 | -€165 | -14.1% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €484,721 | €468,454 | -€16,267 | -3.4% |
| Amounts receivable within one year | 40/41 | €436,845 | €362,112 | -€74,733 | -17.1% |
| Trade receivables | 40 | €109,335 | €15,530 | -€93,805 | -85.8% |
| Other amounts receivable | 41 | €327,510 | €346,582 | +€19,072 | +5.8% |
| Cash at bank and in hand | 54/58 | €47,876 | €106,342 | +€58,466 | +122% |
| Total equity and liabilities | 10/49 | €777,347 | €754,599 | -€22,748 | -2.9% |
| Equity | 10/15 | €633,521 | €640,569 | +€7,048 | +1.1% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €358,521 | €365,569 | +€7,048 | +2.0% |
| Amounts payable | 17/49 | €143,826 | €114,030 | -€29,796 | -20.7% |
| Amounts payable after more than one year | 17 | €69,054 | €45,710 | -€23,345 | -33.8% |
| Financial debts | 170/4 | €69,054 | €45,710 | -€23,345 | -33.8% |
| Amounts payable within one year | 42/48 | €74,772 | €67,709 | -€7,063 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €23,039 | €23,345 | +€306 | +1.3% |
| Trade debts | 44 | €9,502 | €6,418 | -€3,084 | -32.5% |
| Suppliers | 440/4 | €9,502 | €6,418 | -€3,084 | -32.5% |
| Advances received on contracts in progress | 46 | - | €3,680 | +€3,680 | |
| Taxes, remuneration and social security | 45 | €27,201 | €18,711 | -€8,490 | -31.2% |
| Taxes | 450/3 | €17,911 | €11,605 | -€6,306 | -35.2% |
| Remuneration and social security | 454/9 | €9,290 | €7,106 | -€2,184 | -23.5% |
| Other amounts payable | 47/48 | €15,030 | €15,555 | +€525 | +3.5% |
| Accrued charges and deferred income | 492/3 | €0 | €611 | +€611 | |
| Remuneration, social security and pensions | 62 | €74,970 | €61,862 | -€13,108 | -17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,252 | €7,998 | -€1,255 | -13.6% |
| Other operating charges | 640/8 | €5,063 | €5,487 | +€423 | +8.4% |
| Gross operating margin | 9900 | €162,934 | €78,078 | -€84,856 | -52.1% |
| Operating profit (loss) | 9901 | €73,648 | €2,732 | -€70,916 | -96.3% |
| Financial income | 75/76B | €23,540 | €17,011 | -€6,529 | -27.7% |
| Recurring financial income | 75 | €23,540 | €17,011 | -€6,529 | -27.7% |
| Financial charges | 65/66B | €8,741 | €7,293 | -€1,448 | -16.6% |
| Recurring financial charges | 65 | €8,741 | €7,293 | -€1,448 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €88,447 | €12,449 | -€75,998 | -85.9% |
| Income taxes | 67/77 | €23,647 | €5,402 | -€18,245 | -77.2% |
| Profit (loss) for the period | 9904 | €64,800 | €7,048 | -€57,752 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,800 | €7,048 | -€57,752 | -89.1% |
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.