IMMO B.C.: 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.C.
Largest movements
- Tangible fixed assets -€144,786
down €144,786 (-8.2%), from €1.8m to €1.6m
- Cash -€53,473
down €53,473 (-44.8%), from €119,336 to €65,862
mainly Trade debts (-€131,656) and Net result for the year (-€88,385)
- Receivables within one year -€27,157
down €27,157 (-41.6%), from €65,290 to €38,133
of which Other amounts receivable: -€27,157
- Trade debts -€131,656
down €131,656 (-57.2%), from €230,084 to €98,429
- Reserves -€88,385
down €88,385 (-16.5%), from €536,774 to €448,389
of which Distributable reserves: -€88,385
- Other debts +€34,469
up €34,469 (+14.2%), from €243,154 to €277,623
- Debts after one year -€34,351
down €34,351 (-3.0%), from €1.2m to €1.1m
of which Financial debts: -€42,351
- Financial income -€86,756
down €86,756 (-100.0%), from €86,756 to €0
of which Non-recurring financial income: -€85,030
- Staff costs -€55,039
down €55,039 (-27.8%), from €197,897 to €142,858
- Gross operating margin -€6,746
down €6,746 (-2.4%), from €276,942 to €270,196
- Depreciation +€6,294
up €6,294 (+4.0%), from €158,228 to €164,522
- Financial charges -€5,570
down €5,570 (-17.0%), from €32,794 to €27,224
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 | €2,250,217 | €2,027,919 | -€222,298 | -9.9% |
| Fixed assets | 21/28 | €2,054,117 | €1,909,331 | -€144,786 | -7.0% |
| Tangible fixed assets | 22/27 | €1,775,587 | €1,630,801 | -€144,786 | -8.2% |
| Land and buildings | 22 | €1,214,366 | €1,182,622 | -€31,745 | -2.6% |
| Plant, machinery and equipment | 23 | €6,569 | €5,128 | -€1,440 | -21.9% |
| Furniture and vehicles | 24 | €163,524 | €115,004 | -€48,520 | -29.7% |
| Other tangible fixed assets | 26 | €391,127 | €328,047 | -€63,081 | -16.1% |
| Financial fixed assets | 28 | €278,530 | €278,530 | = | 0.0% |
| Current assets | 29/58 | €196,100 | €118,588 | -€77,512 | -39.5% |
| Amounts receivable within one year | 40/41 | €65,290 | €38,133 | -€27,157 | -41.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €65,290 | €38,133 | -€27,157 | -41.6% |
| Cash at bank and in hand | 54/58 | €119,336 | €65,862 | -€53,473 | -44.8% |
| Deferred charges and accrued income | 490/1 | €11,475 | €14,593 | +€3,118 | +27.2% |
| Total equity and liabilities | 10/49 | €2,250,217 | €2,027,919 | -€222,298 | -9.9% |
| Equity | 10/15 | €555,374 | €466,989 | -€88,385 | -15.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €536,774 | €448,389 | -€88,385 | -16.5% |
| Tax-exempt reserves | 132 | €48,633 | €48,633 | = | 0.0% |
| Distributable reserves | 133 | €488,141 | €399,756 | -€88,385 | -18.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €1,694,843 | €1,560,930 | -€133,913 | -7.9% |
| Amounts payable after more than one year | 17 | €1,161,106 | €1,126,755 | -€34,351 | -3.0% |
| Financial debts | 170/4 | €386,106 | €343,755 | -€42,351 | -11.0% |
| Other amounts payable | 178/9 | €775,000 | €783,000 | +€8,000 | +1.0% |
| Amounts payable within one year | 42/48 | €533,737 | €433,944 | -€99,793 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €40,703 | €42,351 | +€1,648 | +4.0% |
| Trade debts | 44 | €230,084 | €98,429 | -€131,656 | -57.2% |
| Suppliers | 440/4 | €230,084 | €98,429 | -€131,656 | -57.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €19,796 | €15,542 | -€4,255 | -21.5% |
| Taxes | 450/3 | €502 | €692 | +€191 | +38.0% |
| Remuneration and social security | 454/9 | €19,294 | €14,849 | -€4,445 | -23.0% |
| Other amounts payable | 47/48 | €243,154 | €277,623 | +€34,469 | +14.2% |
| Accrued charges and deferred income | 492/3 | €0 | €231 | +€231 | |
| Remuneration, social security and pensions | 62 | €197,897 | €142,858 | -€55,039 | -27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,228 | €164,522 | +€6,294 | +4.0% |
| Other operating charges | 640/8 | €22,506 | €23,374 | +€869 | +3.9% |
| Gross operating margin | 9900 | €276,942 | €270,196 | -€6,746 | -2.4% |
| Operating profit (loss) | 9901 | -€101,689 | -€60,558 | +€41,131 | +40.4% |
| Financial income | 75/76B | €86,756 | €0 | -€86,756 | -100.0% |
| Recurring financial income | 75 | €1,726 | €0 | -€1,726 | -100.0% |
| Non-recurring financial income | 76B | €85,030 | €0 | -€85,030 | -100.0% |
| Financial charges | 65/66B | €32,794 | €27,224 | -€5,570 | -17.0% |
| Recurring financial charges | 65 | €32,794 | €27,224 | -€5,570 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,727 | -€87,782 | -€40,056 | -83.9% |
| Transfer from deferred taxes | 780 | €50,191 | €0 | -€50,191 | -100.0% |
| Income taxes | 67/77 | €212 | €602 | +€390 | +184.4% |
| Profit (loss) for the period | 9904 | €2,252 | -€88,385 | -€90,637 | |
| Transfer from tax-exempt reserves | 789 | €150,573 | €0 | -€150,573 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €152,825 | -€88,385 | -€241,210 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.