IMMO B8: 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 B8
Largest movements
- Cash +€134,222
up €134,222 (+105.2%), from €127,634 to €261,856
mainly Net result for the year (+€105,224) and Depreciation (+€97,603)
- Intangible fixed assets -€25,659
down €25,659 (-12.5%), from €205,268 to €179,610
- Current investments -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Debts after one year -€49,151
down €49,151 (-13.1%), from €374,451 to €325,300
- Reserves +€46,050
up €46,050 (+7.7%), from €599,667 to €645,717
of which Distributable reserves: +€25,000
- Trade debts +€33,908
up €33,908 (+26.1%), from €129,895 to €163,803
- Other debts +€24,151
up €24,151 (+367.3%), from €6,575 to €30,726
- Tax, wage and social debts +€22,338
up €22,338 (+86.2%), from €25,925 to €48,263
of which Taxes: +€19,259
- Gross operating margin +€24,651
up €24,651 (+7.2%), from €342,862 to €367,513
- Depreciation -€14,931
down €14,931 (-13.3%), from €112,534 to €97,603
- Staff costs +€8,628
up €8,628 (+9.7%), from €89,145 to €97,773
- Taxes +€7,196
up €7,196 (+16.0%), from €45,013 to €52,210
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 | €1,216,021 | €1,292,521 | +€76,500 | +6.3% |
| Fixed assets | 21/28 | €911,004 | €873,475 | -€37,530 | -4.1% |
| Intangible fixed assets | 21 | €205,268 | €179,610 | -€25,659 | -12.5% |
| Tangible fixed assets | 22/27 | €705,604 | €693,733 | -€11,871 | -1.7% |
| Land and buildings | 22 | €555,840 | €523,775 | -€32,065 | -5.8% |
| Plant, machinery and equipment | 23 | €3,519 | €7,206 | +€3,687 | +104.8% |
| Furniture and vehicles | 24 | €21,329 | €12,174 | -€9,155 | -42.9% |
| Other tangible fixed assets | 26 | €124,916 | €150,577 | +€25,661 | +20.5% |
| Financial fixed assets | 28 | €132 | €132 | = | 0.0% |
| Current assets | 29/58 | €305,017 | €419,046 | +€114,029 | +37.4% |
| Amounts receivable within one year | 40/41 | €143,234 | €139,124 | -€4,110 | -2.9% |
| Trade receivables | 40 | €111,191 | €128,624 | +€17,433 | +15.7% |
| Other amounts receivable | 41 | €32,043 | €10,500 | -€21,543 | -67.2% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €127,634 | €261,856 | +€134,222 | +105.2% |
| Deferred charges and accrued income | 490/1 | €9,149 | €18,066 | +€8,917 | +97.5% |
| Total equity and liabilities | 10/49 | €1,216,021 | €1,292,521 | +€76,500 | +6.3% |
| Equity | 10/15 | €613,688 | €668,912 | +€55,224 | +9.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €599,667 | €645,717 | +€46,050 | +7.7% |
| Tax-exempt reserves | 132 | €21,050 | €42,100 | +€21,050 | +100.0% |
| Distributable reserves | 133 | €578,617 | €603,617 | +€25,000 | +4.3% |
| Profit (loss) carried forward | 14 | €1,621 | €10,795 | +€9,174 | +566.1% |
| Amounts payable | 17/49 | €602,333 | €623,609 | +€21,276 | +3.5% |
| Amounts payable after more than one year | 17 | €374,451 | €325,300 | -€49,151 | -13.1% |
| Financial debts | 170/4 | €374,451 | €325,300 | -€49,151 | -13.1% |
| Amounts payable within one year | 42/48 | €227,879 | €298,284 | +€70,404 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €65,485 | €55,492 | -€9,993 | -15.3% |
| Trade debts | 44 | €129,895 | €163,803 | +€33,908 | +26.1% |
| Suppliers | 440/4 | €129,895 | €163,803 | +€33,908 | +26.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,925 | €48,263 | +€22,338 | +86.2% |
| Taxes | 450/3 | €15,457 | €34,716 | +€19,259 | +124.6% |
| Remuneration and social security | 454/9 | €10,467 | €13,547 | +€3,079 | +29.4% |
| Other amounts payable | 47/48 | €6,575 | €30,726 | +€24,151 | +367.3% |
| Accrued charges and deferred income | 492/3 | €3 | €25 | +€22 | +706.1% |
| Remuneration, social security and pensions | 62 | €89,145 | €97,773 | +€8,628 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,534 | €97,603 | -€14,931 | -13.3% |
| Other operating charges | 640/8 | €8,032 | €8,160 | +€128 | +1.6% |
| Gross operating margin | 9900 | €342,862 | €367,513 | +€24,651 | +7.2% |
| Operating profit (loss) | 9901 | €133,150 | €163,977 | +€30,826 | +23.2% |
| Financial income | 75/76B | €4,666 | €2,045 | -€2,621 | -56.2% |
| Recurring financial income | 75 | €4,666 | €2,045 | -€2,621 | -56.2% |
| Financial charges | 65/66B | €8,673 | €8,588 | -€85 | -1.0% |
| Recurring financial charges | 65 | €8,673 | €8,588 | -€85 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €129,143 | €157,433 | +€28,290 | +21.9% |
| Income taxes | 67/77 | €45,013 | €52,210 | +€7,196 | +16.0% |
| Profit (loss) for the period | 9904 | €84,130 | €105,224 | +€21,094 | +25.1% |
| Transfer from tax-exempt reserves | 789 | €21,050 | €0 | -€21,050 | -100.0% |
| Transfer to tax-exempt reserves | 689 | €21,050 | €21,050 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,130 | €84,174 | +€44 | +0.1% |
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 5 October 2026 via checked.be.