IMMO-AXESS: 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-AXESS
Largest movements
- Cash -€37,359
down €37,359 (-20.4%), from €182,961 to €145,602
mainly Contributions, distributions and other (-€79,999) and Receivables within one year (-€5,661)
- Receivables within one year +€5,661
up €5,661 (+17.4%), from €32,504 to €38,165
of which Trade receivables: +€11,036
- Reserves -€79,253
down €79,253 (-94.7%), from €83,703 to €4,450
- Other debts +€50,022
up €50,022 (+76.9%), from €65,087 to €115,109
- Tax, wage and social debts -€3,537
down €3,537 (-7.8%), from €45,106 to €41,569
of which Taxes: -€10,108
- Gross operating margin -€73,665
down €73,665 (-54.9%), from €134,095 to €60,430
- Taxes -€14,808
down €14,808 (-79.5%), from €18,625 to €3,817
- Staff costs +€1,840
up €1,840 (+4.0%), from €46,511 to €48,351
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 | €220,472 | €187,222 | -€33,250 | -15.1% |
| Fixed assets | 21/28 | €3,088 | €1,490 | -€1,598 | -51.7% |
| Intangible fixed assets | 21 | €308 | - | -€308 | |
| Tangible fixed assets | 22/27 | €2,780 | €1,490 | -€1,290 | -46.4% |
| Furniture and vehicles | 24 | €2,780 | €1,490 | -€1,290 | -46.4% |
| Current assets | 29/58 | €217,384 | €185,732 | -€31,652 | -14.6% |
| Amounts receivable within one year | 40/41 | €32,504 | €38,165 | +€5,661 | +17.4% |
| Trade receivables | 40 | €27,129 | €38,165 | +€11,036 | +40.7% |
| Other amounts receivable | 41 | €5,375 | - | -€5,375 | |
| Cash at bank and in hand | 54/58 | €182,961 | €145,602 | -€37,359 | -20.4% |
| Deferred charges and accrued income | 490/1 | €1,919 | €1,965 | +€46 | +2.4% |
| Total equity and liabilities | 10/49 | €220,472 | €187,222 | -€33,250 | -15.1% |
| Equity | 10/15 | €103,703 | €24,450 | -€79,253 | -76.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €83,703 | €4,450 | -€79,253 | -94.7% |
| Distributable reserves | 133 | €83,703 | €4,450 | -€79,253 | -94.7% |
| Amounts payable | 17/49 | €116,769 | €162,772 | +€46,003 | +39.4% |
| Amounts payable within one year | 42/48 | €116,680 | €162,682 | +€46,002 | +39.4% |
| Trade debts | 44 | €6,487 | €6,004 | -€483 | -7.4% |
| Suppliers | 440/4 | €6,487 | €6,004 | -€483 | -7.4% |
| Taxes, remuneration and social security | 45 | €45,106 | €41,569 | -€3,537 | -7.8% |
| Taxes | 450/3 | €37,128 | €27,020 | -€10,108 | -27.2% |
| Remuneration and social security | 454/9 | €7,978 | €14,549 | +€6,571 | +82.4% |
| Other amounts payable | 47/48 | €65,087 | €115,109 | +€50,022 | +76.9% |
| Accrued charges and deferred income | 492/3 | €89 | €90 | +€1 | +1.1% |
| Remuneration, social security and pensions | 62 | €46,511 | €48,351 | +€1,840 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,016 | €1,598 | -€418 | -20.7% |
| Other operating charges | 640/8 | €1,861 | €1,522 | -€339 | -18.2% |
| Non-recurring operating charges | 66A | €351 | - | -€351 | |
| Gross operating margin | 9900 | €134,095 | €60,430 | -€73,665 | -54.9% |
| Operating profit (loss) | 9901 | €83,356 | €8,959 | -€74,397 | -89.3% |
| Financial charges | 65/66B | €4,346 | €4,396 | +€50 | +1.2% |
| Recurring financial charges | 65 | €4,346 | €4,396 | +€50 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €79,010 | €4,563 | -€74,447 | -94.2% |
| Income taxes | 67/77 | €18,625 | €3,817 | -€14,808 | -79.5% |
| Profit (loss) for the period | 9904 | €60,385 | €746 | -€59,639 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €60,385 | €746 | -€59,639 | -98.8% |
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 28 October 2026 via checked.be.