IMMO ALL IN: 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 ALL IN
Largest movements
- Cash +€337,889
up €337,889 (+134%), from €252,212 to €590,100
mainly Current investments (+€300,000) and Depreciation (+€39,400)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets -€39,400
down €39,400 (-25.9%), from €152,138 to €112,738
of which Furniture and vehicles: -€26,075
- Reserves +€30,176
up €30,176 (+30.7%), from €98,442 to €128,619
of which Distributable reserves: +€30,176
- Advances received -€24,610
down €24,610 (-21.9%), from €112,574 to €87,964
- Current portion of long-term debt -€23,413
down €23,413 (-47.6%), from €49,149 to €25,736
- Gross operating margin +€24,025
up €24,025 (+20.2%), from €118,926 to €142,952
- Taxes +€8,613
up €8,613 (+446%), from €1,930 to €10,543
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 | €725,326 | €721,757 | -€3,569 | -0.5% |
| Fixed assets | 21/28 | €152,138 | €112,738 | -€39,400 | -25.9% |
| Tangible fixed assets | 22/27 | €152,138 | €112,738 | -€39,400 | -25.9% |
| Land and buildings | 22 | €78,040 | €68,040 | -€10,000 | -12.8% |
| Plant, machinery and equipment | 23 | €14,971 | €11,646 | -€3,325 | -22.2% |
| Furniture and vehicles | 24 | €59,126 | €33,051 | -€26,075 | -44.1% |
| Current assets | 29/58 | €573,188 | €609,020 | +€35,831 | +6.3% |
| Amounts receivable within one year | 40/41 | €18,008 | €12,990 | -€5,018 | -27.9% |
| Trade receivables | 40 | €17,352 | €12,334 | -€5,018 | -28.9% |
| Other amounts receivable | 41 | €656 | €656 | = | 0.0% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €252,212 | €590,100 | +€337,889 | +134% |
| Deferred charges and accrued income | 490/1 | €2,969 | €5,929 | +€2,960 | +99.7% |
| Total equity and liabilities | 10/49 | €725,326 | €721,757 | -€3,569 | -0.5% |
| Equity | 10/15 | €118,442 | €148,619 | +€30,176 | +25.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €98,442 | €128,619 | +€30,176 | +30.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,704 | €7,704 | = | 0.0% |
| Distributable reserves | 133 | €88,738 | €118,914 | +€30,176 | +34.0% |
| Amounts payable | 17/49 | €606,884 | €573,139 | -€33,745 | -5.6% |
| Amounts payable after more than one year | 17 | €405,108 | €411,891 | +€6,783 | +1.7% |
| Financial debts | 170/4 | €63,462 | €54,010 | -€9,452 | -14.9% |
| Other amounts payable | 178/9 | €341,646 | €357,881 | +€16,235 | +4.8% |
| Amounts payable within one year | 42/48 | €201,568 | €160,797 | -€40,771 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €49,149 | €25,736 | -€23,413 | -47.6% |
| Trade debts | 44 | €5,893 | €8,368 | +€2,475 | +42.0% |
| Suppliers | 440/4 | €5,547 | €8,368 | +€2,821 | +50.9% |
| Bills of exchange payable | 441 | €346 | - | -€346 | |
| Advances received on contracts in progress | 46 | €112,574 | €87,964 | -€24,610 | -21.9% |
| Taxes, remuneration and social security | 45 | €33,682 | €38,459 | +€4,777 | +14.2% |
| Taxes | 450/3 | €16,116 | €29,834 | +€13,718 | +85.1% |
| Remuneration and social security | 454/9 | €17,567 | €8,625 | -€8,941 | -50.9% |
| Other amounts payable | 47/48 | €270 | €270 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €208 | €452 | +€243 | +117% |
| Remuneration, social security and pensions | 62 | €62,008 | €61,849 | -€159 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,979 | €39,400 | +€421 | +1.1% |
| Other operating charges | 640/8 | €4,746 | €5,410 | +€663 | +14.0% |
| Gross operating margin | 9900 | €118,926 | €142,952 | +€24,025 | +20.2% |
| Operating profit (loss) | 9901 | €13,193 | €36,293 | +€23,100 | +175% |
| Financial income | 75/76B | €7,816 | €8,928 | +€1,113 | +14.2% |
| Recurring financial income | 75 | €7,816 | €8,928 | +€1,113 | +14.2% |
| Financial charges | 65/66B | €5,486 | €4,502 | -€984 | -17.9% |
| Recurring financial charges | 65 | €5,486 | €4,502 | -€984 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €15,523 | €40,719 | +€25,196 | +162% |
| Income taxes | 67/77 | €1,930 | €10,543 | +€8,613 | +446% |
| Profit (loss) for the period | 9904 | €13,593 | €30,176 | +€16,583 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €13,593 | €30,176 | +€16,583 | +122% |
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 20 October 2026 via checked.be.