IMMO B.M.: 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.M.
Largest movements
- Tangible fixed assets -€11,403
down €11,403 (-4.2%), from €273,866 to €262,463
- Deferred charges and accrued income +€5,573
up €5,573 (+27.0%), from €20,676 to €26,249
- Reserves -€6,068
down €6,068 (-5.5%), from €109,470 to €103,402
of which Tax-exempt reserves: -€6,068
- Financial income +€2,523
up €2,523 (+82.8%), from €3,049 to €5,573
- Gross operating margin +€1,570
up €1,570 (+45.9%), from €3,425 to €4,995
- Taxes +€785
new in 2025: €785
- Other operating charges -€207
down €207 (-5.5%), from €3,793 to €3,586
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 | €346,182 | €340,597 | -€5,586 | -1.6% |
| Fixed assets | 21/28 | €273,866 | €262,463 | -€11,403 | -4.2% |
| Tangible fixed assets | 22/27 | €273,866 | €262,463 | -€11,403 | -4.2% |
| Land and buildings | 22 | €273,866 | €262,463 | -€11,403 | -4.2% |
| Current assets | 29/58 | €72,317 | €78,134 | +€5,818 | +8.0% |
| Amounts receivable within one year | 40/41 | €51,301 | €50,704 | -€597 | -1.2% |
| Other amounts receivable | 41 | €51,301 | €50,704 | -€597 | -1.2% |
| Cash at bank and in hand | 54/58 | €340 | €1,181 | +€841 | +247.3% |
| Deferred charges and accrued income | 490/1 | €20,676 | €26,249 | +€5,573 | +27.0% |
| Total equity and liabilities | 10/49 | €346,182 | €340,597 | -€5,586 | -1.6% |
| Equity | 10/15 | €308,927 | €305,699 | -€3,228 | -1.0% |
| 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 | €109,470 | €103,402 | -€6,068 | -5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,270 | €97,202 | -€6,068 | -5.9% |
| Profit (loss) carried forward | 14 | €137,458 | €140,297 | +€2,840 | +2.1% |
| Provisions and deferred taxes | 16 | €34,423 | €32,401 | -€2,023 | -5.9% |
| Deferred taxes | 168 | €34,423 | €32,401 | -€2,023 | -5.9% |
| Amounts payable | 17/49 | €2,832 | €2,497 | -€335 | -11.8% |
| Amounts payable within one year | 42/48 | €2,832 | €2,497 | -€335 | -11.8% |
| Trade debts | 44 | €1,818 | €1,712 | -€106 | -5.8% |
| Suppliers | 440/4 | €1,818 | €1,712 | -€106 | -5.8% |
| Taxes, remuneration and social security | 45 | €1,014 | €785 | -€229 | -22.6% |
| Taxes | 450/3 | €1,014 | €785 | -€229 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,403 | €11,403 | -€0 | 0.0% |
| Other operating charges | 640/8 | €3,793 | €3,586 | -€207 | -5.5% |
| Gross operating margin | 9900 | €3,425 | €4,995 | +€1,570 | +45.9% |
| Operating profit (loss) | 9901 | -€11,771 | -€9,994 | +€1,778 | +15.1% |
| Financial income | 75/76B | €3,049 | €5,573 | +€2,523 | +82.8% |
| Recurring financial income | 75 | €3,049 | €5,573 | +€2,523 | +82.8% |
| Financial charges | 65/66B | €52 | €45 | -€7 | -13.9% |
| Recurring financial charges | 65 | €52 | €45 | -€7 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,774 | -€4,466 | +€4,308 | +49.1% |
| Transfer from deferred taxes | 780 | €2,023 | €2,023 | = | 0.0% |
| Income taxes | 67/77 | - | €785 | +€785 | |
| Profit (loss) for the period | 9904 | -€6,752 | -€3,228 | +€3,524 | +52.2% |
| Transfer from tax-exempt reserves | 789 | €6,068 | €6,068 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€684 | €2,840 | +€3,524 |
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.