IMMO b: 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 b
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+300.0%), from €100,000 to €400,000
- Receivables after one year -€229,300
down €229,300 (-68.6%), from €334,300 to €105,000
- Receivables within one year -€81,763
down €81,763 (-85.5%), from €95,618 to €13,855
of which Other amounts receivable: -€76,665
- Tangible fixed assets -€42,788
down €42,788 (-2.1%), from €2.0m to €2.0m
of which Land and buildings: -€45,621
- Debts after one year -€70,142
down €70,142 (-24.6%), from €284,955 to €214,813
- Other debts -€52,432
down €52,432 (-2.6%), from €2.1m to €2.0m
- Accrued charges and deferred income +€50,000
up €50,000 (+1283.4%), from €3,896 to €53,896
- Financial income +€51,278
up €51,278 (+531.9%), from €9,640 to €60,918
- Gross operating margin -€34,922
down €34,922 (-36.4%), from €95,856 to €60,934
- Financial charges +€5,508
up €5,508 (+43.7%), from €12,595 to €18,103
- Depreciation +€4,280
up €4,280 (+7.7%), from €55,806 to €60,086
- Other operating charges -€3,329
down €3,329 (-15.5%), from €21,483 to €18,155
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 | €2,604,224 | €2,538,192 | -€66,032 | -2.5% |
| Fixed assets | 21/28 | €2,133,192 | €2,389,194 | +€256,002 | +12.0% |
| Intangible fixed assets | 21 | €3,630 | €2,420 | -€1,210 | -33.3% |
| Tangible fixed assets | 22/27 | €2,029,562 | €1,986,774 | -€42,788 | -2.1% |
| Land and buildings | 22 | €1,980,743 | €1,935,122 | -€45,621 | -2.3% |
| Plant, machinery and equipment | 23 | €561 | €6,430 | +€5,869 | +1046.5% |
| Furniture and vehicles | 24 | €36,517 | €34,797 | -€1,720 | -4.7% |
| Other tangible fixed assets | 26 | €11,741 | €10,424 | -€1,317 | -11.2% |
| Financial fixed assets | 28 | €100,000 | €400,000 | +€300,000 | +300.0% |
| Current assets | 29/58 | €471,032 | €148,998 | -€322,034 | -68.4% |
| Amounts receivable after more than one year | 29 | €334,300 | €105,000 | -€229,300 | -68.6% |
| Trade receivables | 290 | €334,300 | €105,000 | -€229,300 | -68.6% |
| Stocks and contracts in progress | 3 | €16,544 | €16,544 | = | 0.0% |
| Stocks | 30/36 | €16,544 | €16,544 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,618 | €13,855 | -€81,763 | -85.5% |
| Trade receivables | 40 | €16,298 | €11,200 | -€5,098 | -31.3% |
| Other amounts receivable | 41 | €79,320 | €2,655 | -€76,665 | -96.7% |
| Cash at bank and in hand | 54/58 | €21,695 | €10,443 | -€11,252 | -51.9% |
| Deferred charges and accrued income | 490/1 | €2,875 | €3,156 | +€281 | +9.8% |
| Total equity and liabilities | 10/49 | €2,604,224 | €2,538,192 | -€66,032 | -2.5% |
| Equity | 10/15 | €169,258 | €192,447 | +€23,189 | +13.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €29,258 | €52,447 | +€23,189 | +79.3% |
| Distributable reserves | 133 | €29,258 | €52,447 | +€23,189 | +79.3% |
| Amounts payable | 17/49 | €2,434,965 | €2,345,744 | -€89,221 | -3.7% |
| Amounts payable after more than one year | 17 | €284,955 | €214,813 | -€70,142 | -24.6% |
| Financial debts | 170/4 | €284,955 | €214,813 | -€70,142 | -24.6% |
| Amounts payable within one year | 42/48 | €2,146,114 | €2,077,035 | -€69,079 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €68,177 | €70,142 | +€1,965 | +2.9% |
| Trade debts | 44 | €6,478 | €1,143 | -€5,335 | -82.3% |
| Suppliers | 440/4 | €6,478 | €1,143 | -€5,335 | -82.3% |
| Taxes, remuneration and social security | 45 | €20,999 | €7,721 | -€13,278 | -63.2% |
| Taxes | 450/3 | €17,999 | €7,721 | -€10,278 | -57.1% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €2,050,461 | €1,998,029 | -€52,432 | -2.6% |
| Accrued charges and deferred income | 492/3 | €3,896 | €53,896 | +€50,000 | +1283.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,806 | €60,086 | +€4,280 | +7.7% |
| Other operating charges | 640/8 | €21,483 | €18,155 | -€3,329 | -15.5% |
| Gross operating margin | 9900 | €95,856 | €60,934 | -€34,922 | -36.4% |
| Operating profit (loss) | 9901 | €18,567 | -€17,307 | -€35,874 | |
| Financial income | 75/76B | €9,640 | €60,918 | +€51,278 | +531.9% |
| Recurring financial income | 75 | €9,640 | €60,918 | +€51,278 | +531.9% |
| Financial charges | 65/66B | €12,595 | €18,103 | +€5,508 | +43.7% |
| Recurring financial charges | 65 | €12,595 | €18,103 | +€5,508 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €15,611 | €25,508 | +€9,897 | +63.4% |
| Income taxes | 67/77 | €5,402 | €2,319 | -€3,083 | -57.1% |
| Profit (loss) for the period | 9904 | €10,209 | €23,189 | +€12,980 | +127.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,209 | €23,189 | +€12,980 | +127.1% |
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 3 October 2026 via checked.be.