IMMO B-C-D: 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-D
Largest movements
- Tangible fixed assets -€43,297
down €43,297 (-13.0%), from €332,136 to €288,839
of which Land and buildings: -€25,006
- Cash -€41,244
down €41,244 (-64.9%), from €63,590 to €22,346
mainly Other debts (-€74,541) and Net result for the year (-€47,302)
- Current investments -€36,879
down €36,879 (-31.4%), from €117,367 to €80,489
- Other debts -€74,541
down €74,541 (-91.6%), from €81,374 to €6,833
- Profit (loss) carried forward -€47,302
down €47,302 (-32.1%), from -€147,518 to -€194,820
- Gross operating margin -€59,276
down €59,276, from €53,711 to -€5,565
- Financial income +€9,978
up €9,978 (+160.0%), from €6,235 to €16,214
- Depreciation +€1,137
up €1,137 (+2.4%), from €46,986 to €48,122
- Financial charges +€1,059
up €1,059 (+25.1%), from €4,223 to €5,282
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 | €516,961 | €395,839 | -€121,123 | -23.4% |
| Fixed assets | 21/28 | €332,136 | €288,839 | -€43,297 | -13.0% |
| Tangible fixed assets | 22/27 | €332,136 | €288,839 | -€43,297 | -13.0% |
| Land and buildings | 22 | €268,526 | €243,520 | -€25,006 | -9.3% |
| Furniture and vehicles | 24 | €57,154 | €45,178 | -€11,975 | -21.0% |
| Other tangible fixed assets | 26 | €6,456 | €141 | -€6,316 | -97.8% |
| Current assets | 29/58 | €184,825 | €107,000 | -€77,825 | -42.1% |
| Amounts receivable within one year | 40/41 | €2,024 | €2,373 | +€349 | +17.3% |
| Trade receivables | 40 | €350 | €1,074 | +€724 | +206.7% |
| Other amounts receivable | 41 | €1,674 | €1,300 | -€374 | -22.4% |
| Current investments | 50/53 | €117,367 | €80,489 | -€36,879 | -31.4% |
| Cash at bank and in hand | 54/58 | €63,590 | €22,346 | -€41,244 | -64.9% |
| Deferred charges and accrued income | 490/1 | €1,844 | €1,792 | -€52 | -2.8% |
| Total equity and liabilities | 10/49 | €516,961 | €395,839 | -€121,123 | -23.4% |
| Equity | 10/15 | €434,806 | €387,505 | -€47,302 | -10.9% |
| Contributions | 10/11 | €62,078 | €62,078 | +€0 | 0.0% |
| Capital | 10 | €62,078 | €62,078 | +€0 | 0.0% |
| Issued capital | 100 | €62,078 | €62,078 | +€0 | 0.0% |
| Reserves | 13 | €520,247 | €520,247 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,208 | €6,208 | = | 0.0% |
| Legal reserve | 130 | €6,208 | €6,208 | = | 0.0% |
| Distributable reserves | 133 | €514,039 | €514,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,518 | -€194,820 | -€47,302 | -32.1% |
| Amounts payable | 17/49 | €82,155 | €8,334 | -€73,821 | -89.9% |
| Amounts payable within one year | 42/48 | €81,374 | €6,833 | -€74,541 | -91.6% |
| Other amounts payable | 47/48 | €81,374 | €6,833 | -€74,541 | -91.6% |
| Accrued charges and deferred income | 492/3 | €781 | €1,501 | +€720 | +92.2% |
| Non-recurring operating income | 76A | €39,998 | €0 | -€39,998 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,986 | €48,122 | +€1,137 | +2.4% |
| Other operating charges | 640/8 | €4,893 | €4,362 | -€532 | -10.9% |
| Gross operating margin | 9900 | €53,711 | -€5,565 | -€59,276 | |
| Operating profit (loss) | 9901 | €1,832 | -€58,049 | -€59,881 | |
| Financial income | 75/76B | €6,235 | €16,214 | +€9,978 | +160.0% |
| Recurring financial income | 75 | €6,235 | €16,214 | +€9,978 | +160.0% |
| Financial charges | 65/66B | €4,223 | €5,282 | +€1,059 | +25.1% |
| Recurring financial charges | 65 | €4,223 | €5,282 | +€1,059 | +25.1% |
| Profit (loss) for the period before taxes | 9903 | €3,844 | -€47,118 | -€50,962 | |
| Income taxes | 67/77 | €197 | €185 | -€12 | -6.1% |
| Profit (loss) for the period | 9904 | €3,648 | -€47,302 | -€50,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,648 | -€47,302 | -€50,950 |
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 7 October 2026 via checked.be.