IMMO B.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.D.
Largest movements
- Receivables within one year +€29,324
up €29,324 (+496.0%), from €5,912 to €35,236
of which Trade receivables: +€30,000
- Tangible fixed assets +€14,539
up €14,539 (+14.7%), from €99,194 to €113,733
- Cash -€13,728
down €13,728 (-13.0%), from €105,596 to €91,868
mainly Receivables within one year (-€29,324) and Investment in fixed assets (net) (-€18,348)
- Trade debts +€25,312
new in 2025: €25,312
- Reserves +€3,215
up €3,215 (+2.7%), from €117,308 to €120,523
of which Distributable reserves: +€3,215
- Gross operating margin +€5,071
up €5,071 (+16.0%), from €31,792 to €36,863
- Taxes +€1,301
up €1,301 (+648.3%), from €201 to €1,501
- Depreciation +€459
up €459 (+13.7%), from €3,350 to €3,809
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 | €212,365 | €241,886 | +€29,520 | +13.9% |
| Fixed assets | 21/28 | €99,323 | €113,863 | +€14,539 | +14.6% |
| Tangible fixed assets | 22/27 | €99,194 | €113,733 | +€14,539 | +14.7% |
| Land and buildings | 22 | €99,194 | €113,733 | +€14,539 | +14.7% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €113,042 | €128,023 | +€14,981 | +13.3% |
| Amounts receivable within one year | 40/41 | €5,912 | €35,236 | +€29,324 | +496.0% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €5,912 | €5,236 | -€676 | -11.4% |
| Cash at bank and in hand | 54/58 | €105,596 | €91,868 | -€13,728 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,535 | €919 | -€615 | -40.1% |
| Total equity and liabilities | 10/49 | €212,365 | €241,886 | +€29,520 | +13.9% |
| Equity | 10/15 | €179,308 | €182,523 | +€3,215 | +1.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €117,308 | €120,523 | +€3,215 | +2.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €111,108 | €114,323 | +€3,215 | +2.9% |
| Amounts payable | 17/49 | €33,057 | €59,363 | +€26,306 | +79.6% |
| Amounts payable within one year | 42/48 | €33,057 | €59,363 | +€26,306 | +79.6% |
| Trade debts | 44 | - | €25,312 | +€25,312 | |
| Suppliers | 440/4 | - | €25,312 | +€25,312 | |
| Taxes, remuneration and social security | 45 | €1,747 | €2,741 | +€994 | +56.9% |
| Taxes | 450/3 | €43 | €321 | +€278 | +645.9% |
| Remuneration and social security | 454/9 | €1,704 | €2,419 | +€715 | +42.0% |
| Other amounts payable | 47/48 | €31,310 | €31,310 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €16,739 | €17,072 | +€333 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,350 | €3,809 | +€459 | +13.7% |
| Other operating charges | 640/8 | €11,042 | €11,235 | +€192 | +1.7% |
| Gross operating margin | 9900 | €31,792 | €36,863 | +€5,071 | +16.0% |
| Operating profit (loss) | 9901 | €660 | €4,747 | +€4,087 | +619.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €30 | €31 | +€1 | +3.3% |
| Recurring financial charges | 65 | €30 | €31 | +€1 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €632 | €4,716 | +€4,085 | +646.7% |
| Income taxes | 67/77 | €201 | €1,501 | +€1,301 | +648.3% |
| Profit (loss) for the period | 9904 | €431 | €3,215 | +€2,784 | +646.0% |
| Profit (loss) for the period to be appropriated | 9905 | €431 | €3,215 | +€2,784 | +646.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.