IMMO ADVICE: 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 ADVICE
Largest movements
- Tangible fixed assets +€98,387
up €98,387 (+59.4%), from €165,597 to €263,984
of which Plant, machinery and equipment: +€95,147
- Intangible fixed assets +€47,479
new in 2025: €47,479
- Stocks and contracts +€4,932
new in 2025: €4,932
- Trade debts +€129,909
up €129,909 (+656.3%), from €19,795 to €149,704
- Profit (loss) carried forward +€13,746
up €13,746 (+72.0%), from -€19,095 to -€5,349
- Debts after one year +€10,279
up €10,279 (+665.6%), from €1,544 to €11,824
- Tax, wage and social debts -€4,342
down €4,342 (-28.4%), from €15,310 to €10,968
of which Taxes: -€8,168
- Current portion of long-term debt +€4,129
up €4,129 (+28.8%), from €14,333 to €18,462
- Gross operating margin +€18,871
up €18,871 (+42.3%), from €44,657 to €63,528
- Staff costs +€17,049
new in 2025: €17,049
- Depreciation +€6,763
up €6,763 (+40.8%), from €16,568 to €23,332
- Financial charges +€2,094
up €2,094 (+128.8%), from €1,625 to €3,719
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 | €192,374 | €342,220 | +€149,846 | +77.9% |
| Fixed assets | 21/28 | €165,597 | €311,464 | +€145,867 | +88.1% |
| Intangible fixed assets | 21 | - | €47,479 | +€47,479 | |
| Tangible fixed assets | 22/27 | €165,597 | €263,984 | +€98,387 | +59.4% |
| Land and buildings | 22 | €161,289 | €151,156 | -€10,134 | -6.3% |
| Plant, machinery and equipment | 23 | - | €95,147 | +€95,147 | |
| Furniture and vehicles | 24 | €604 | €17,681 | +€17,077 | +2825.9% |
| Other tangible fixed assets | 26 | €3,704 | - | -€3,704 | |
| Current assets | 29/58 | €26,777 | €30,757 | +€3,980 | +14.9% |
| Stocks and contracts in progress | 3 | - | €4,932 | +€4,932 | |
| Stocks | 30/36 | - | €4,932 | +€4,932 | |
| Amounts receivable within one year | 40/41 | - | €3,294 | +€3,294 | |
| Trade receivables | 40 | - | €310 | +€310 | |
| Other amounts receivable | 41 | - | €2,984 | +€2,984 | |
| Cash at bank and in hand | 54/58 | €24,619 | €22,118 | -€2,500 | -10.2% |
| Deferred charges and accrued income | 490/1 | €2,158 | €412 | -€1,746 | -80.9% |
| Total equity and liabilities | 10/49 | €192,374 | €342,220 | +€149,846 | +77.9% |
| Equity | 10/15 | €113,265 | €127,011 | +€13,746 | +12.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €126,160 | €126,160 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €124,300 | €126,160 | +€1,860 | +1.5% |
| Profit (loss) carried forward | 14 | -€19,095 | -€5,349 | +€13,746 | +72.0% |
| Amounts payable | 17/49 | €79,109 | €215,210 | +€136,101 | +172.0% |
| Amounts payable after more than one year | 17 | €1,544 | €11,824 | +€10,279 | +665.6% |
| Financial debts | 170/4 | €1,544 | €11,824 | +€10,279 | +665.6% |
| Amounts payable within one year | 42/48 | €76,065 | €201,886 | +€125,821 | +165.4% |
| Current portion of amounts payable after more than one year | 42 | €14,333 | €18,462 | +€4,129 | +28.8% |
| Trade debts | 44 | €19,795 | €149,704 | +€129,909 | +656.3% |
| Suppliers | 440/4 | €19,795 | €149,704 | +€129,909 | +656.3% |
| Taxes, remuneration and social security | 45 | €15,310 | €10,968 | -€4,342 | -28.4% |
| Taxes | 450/3 | €15,310 | €7,142 | -€8,168 | -53.3% |
| Remuneration and social security | 454/9 | - | €3,825 | +€3,825 | |
| Other amounts payable | 47/48 | €26,627 | €22,753 | -€3,875 | -14.6% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €17,049 | +€17,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,568 | €23,332 | +€6,763 | +40.8% |
| Other operating charges | 640/8 | €3,533 | €3,726 | +€193 | +5.5% |
| Non-recurring operating charges | 66A | €1,799 | €1,957 | +€158 | +8.8% |
| Gross operating margin | 9900 | €44,657 | €63,528 | +€18,871 | +42.3% |
| Operating profit (loss) | 9901 | €22,756 | €17,464 | -€5,292 | -23.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,625 | €3,719 | +€2,094 | +128.8% |
| Recurring financial charges | 65 | €1,625 | €3,719 | +€2,094 | +128.8% |
| Profit (loss) for the period before taxes | 9903 | €21,132 | €13,746 | -€7,387 | -35.0% |
| Profit (loss) for the period | 9904 | €21,132 | €13,746 | -€7,387 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,132 | €13,746 | -€7,387 | -35.0% |
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 8 October 2026 via checked.be.