IMMO ASSUR D.S.: 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 ASSUR D.S.
Largest movements
- Tangible fixed assets +€882,959
up €882,959 (+144%), from €611,661 to €1.5m
of which Land and buildings: +€902,452
- Receivables within one year -€368,892
down €368,892 (-88.2%), from €418,441 to €49,549
of which Other amounts receivable: -€370,312
- Stocks and contracts -€248,040
down €248,040 (-100%), from €248,040 to €0
- Cash +€17,142
up €17,142 (+182%), from €9,413 to €26,555
- Debts after one year +€295,175
up €295,175 (+139%), from €212,011 to €507,186
- Current portion of long-term debt +€25,496
new in 2026: €25,496
- Reserves -€18,195
down €18,195 (-13.4%), from €135,572 to €117,377
of which Tax-exempt reserves: -€18,195
- Depreciation +€155,530
up €155,530 (+250%), from €62,216 to €217,746
- Gross operating margin +€152,214
up €152,214 (+145%), from €105,015 to €257,229
- Financial charges -€8,741
down €8,741 (-17.6%), from €49,796 to €41,055
- Other operating charges +€3,924
up €3,924 (+26.6%), from €14,740 to €18,664
From the 2024 result to the 2026 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,099 | €1,573,751 | +€282,652 | +21.9% |
| Fixed assets | 21/28 | €611,661 | €1,494,620 | +€882,959 | +144% |
| Tangible fixed assets | 22/27 | €611,661 | €1,494,620 | +€882,959 | +144% |
| Land and buildings | 22 | €579,603 | €1,482,055 | +€902,452 | +156% |
| Plant, machinery and equipment | 23 | €13,023 | €6,041 | -€6,982 | -53.6% |
| Furniture and vehicles | 24 | €19,035 | €6,524 | -€12,511 | -65.7% |
| Current assets | 29/58 | €679,438 | €79,131 | -€600,307 | -88.4% |
| Stocks and contracts in progress | 3 | €248,040 | €0 | -€248,040 | -100% |
| Stocks | 30/36 | €248,040 | €0 | -€248,040 | -100% |
| Amounts receivable within one year | 40/41 | €418,441 | €49,549 | -€368,892 | -88.2% |
| Trade receivables | 40 | - | €1,420 | +€1,420 | |
| Other amounts receivable | 41 | €418,441 | €48,129 | -€370,312 | -88.5% |
| Cash at bank and in hand | 54/58 | €9,413 | €26,555 | +€17,142 | +182% |
| Deferred charges and accrued income | 490/1 | €3,543 | €3,027 | -€517 | -14.6% |
| Total equity and liabilities | 10/49 | €1,291,099 | €1,573,751 | +€282,652 | +21.9% |
| Equity | 10/15 | €650,196 | €630,386 | -€19,810 | -3.0% |
| Contributions | 10/11 | €354,100 | €354,100 | = | 0.0% |
| Reserves | 13 | €135,572 | €117,377 | -€18,195 | -13.4% |
| Non-distributable reserves | 130/1 | €8,505 | €0 | -€8,505 | -100% |
| Reserves not available under the articles | 1311 | €8,505 | €0 | -€8,505 | -100% |
| Tax-exempt reserves | 132 | €18,195 | €0 | -€18,195 | -100% |
| Distributable reserves | 133 | €108,873 | €117,377 | +€8,505 | +7.8% |
| Profit (loss) carried forward | 14 | €160,524 | €158,909 | -€1,615 | -1.0% |
| Provisions and deferred taxes | 16 | €6,058 | €0 | -€6,058 | -100% |
| Deferred taxes | 168 | €6,058 | €0 | -€6,058 | -100% |
| Amounts payable | 17/49 | €634,844 | €943,365 | +€308,520 | +48.6% |
| Amounts payable after more than one year | 17 | €212,011 | €507,186 | +€295,175 | +139% |
| Financial debts | 170/4 | €212,011 | €507,186 | +€295,175 | +139% |
| Amounts payable within one year | 42/48 | €420,833 | €433,564 | +€12,731 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | - | €25,496 | +€25,496 | |
| Trade debts | 44 | - | €599 | +€599 | |
| Suppliers | 440/4 | - | €599 | +€599 | |
| Taxes, remuneration and social security | 45 | €18,461 | €14,378 | -€4,083 | -22.1% |
| Taxes | 450/3 | €18,461 | €14,378 | -€4,083 | -22.1% |
| Other amounts payable | 47/48 | €402,372 | €393,091 | -€9,281 | -2.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,615 | +€615 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,216 | €217,746 | +€155,530 | +250% |
| Other operating charges | 640/8 | €14,740 | €18,664 | +€3,924 | +26.6% |
| Gross operating margin | 9900 | €105,015 | €257,229 | +€152,214 | +145% |
| Operating profit (loss) | 9901 | €28,058 | €20,818 | -€7,240 | -25.8% |
| Financial income | 75/76B | €218 | €92 | -€126 | -57.8% |
| Recurring financial income | 75 | €218 | €92 | -€126 | -57.8% |
| Financial charges | 65/66B | €49,796 | €41,055 | -€8,741 | -17.6% |
| Recurring financial charges | 65 | €49,796 | €41,055 | -€8,741 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,520 | -€20,145 | +€1,374 | +6.4% |
| Transfer from deferred taxes | 780 | €31,524 | €6,058 | -€25,465 | -80.8% |
| Income taxes | 67/77 | €3,979 | €4,057 | +€78 | +2.0% |
| Profit (loss) for the period | 9904 | €6,025 | -€18,144 | -€24,169 | |
| Transfer from tax-exempt reserves | 789 | - | €18,195 | +€18,195 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,025 | €51 | -€5,974 | -99.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.