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
- Cash +€92,899
up €92,899 (+71.9%), from €129,214 to €222,112
mainly Depreciation (+€65,690) and Net result for the year (+€27,214)
- Tangible fixed assets -€65,690
down €65,690 (-5.6%), from €1.2m to €1.1m
of which Land and buildings: -€63,002
- Reserves +€27,214
up €27,214 (+30.3%), from €89,715 to €116,929
- Gross operating margin +€7,371
up €7,371 (+7.7%), from €95,765 to €103,136
- Other operating charges -€5,619
down €5,619 (-20.7%), from €27,129 to €21,510
- Taxes +€3,178
up €3,178, from -€3,178 to €0
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 | €1,717,843 | €1,744,273 | +€26,430 | +1.5% |
| Fixed assets | 21/28 | €1,180,612 | €1,114,922 | -€65,690 | -5.6% |
| Tangible fixed assets | 22/27 | €1,180,612 | €1,114,922 | -€65,690 | -5.6% |
| Land and buildings | 22 | €1,169,032 | €1,106,030 | -€63,002 | -5.4% |
| Plant, machinery and equipment | 23 | €11,580 | €8,892 | -€2,688 | -23.2% |
| Current assets | 29/58 | €537,231 | €629,351 | +€92,120 | +17.1% |
| Amounts receivable within one year | 40/41 | €3,145 | €6,581 | +€3,435 | +109.2% |
| Other amounts receivable | 41 | €3,145 | €6,581 | +€3,435 | +109.2% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €129,214 | €222,112 | +€92,899 | +71.9% |
| Deferred charges and accrued income | 490/1 | €4,872 | €658 | -€4,214 | -86.5% |
| Total equity and liabilities | 10/49 | €1,717,843 | €1,744,273 | +€26,430 | +1.5% |
| Equity | 10/15 | €1,711,515 | €1,738,729 | +€27,214 | +1.6% |
| Contributions | 10/11 | €1,621,800 | €1,621,800 | = | 0.0% |
| Reserves | 13 | €89,715 | €116,929 | +€27,214 | +30.3% |
| Distributable reserves | 133 | €89,715 | €116,929 | +€27,214 | +30.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,328 | €5,544 | -€784 | -12.4% |
| Amounts payable within one year | 42/48 | €2,170 | €2,170 | = | 0.0% |
| Other amounts payable | 47/48 | €2,170 | €2,170 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,158 | €3,374 | -€784 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,633 | €65,690 | +€57 | +0.1% |
| Other operating charges | 640/8 | €27,129 | €21,510 | -€5,619 | -20.7% |
| Gross operating margin | 9900 | €95,765 | €103,136 | +€7,371 | +7.7% |
| Operating profit (loss) | 9901 | €3,003 | €15,935 | +€12,932 | +430.6% |
| Financial income | 75/76B | €10,485 | €11,450 | +€965 | +9.2% |
| Recurring financial income | 75 | €10,485 | €11,450 | +€965 | +9.2% |
| Financial charges | 65/66B | €176 | €172 | -€4 | -2.3% |
| Recurring financial charges | 65 | €176 | €172 | -€4 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €13,312 | €27,214 | +€13,902 | +104.4% |
| Income taxes | 67/77 | -€3,178 | €0 | +€3,178 | |
| Profit (loss) for the period | 9904 | €16,490 | €27,214 | +€10,724 | +65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,490 | €27,214 | +€10,724 | +65.0% |
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 4 October 2026 via checked.be.