IMMO BALANCE: what changed
Two financial 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 BALANCE
Largest movements
- Cash +€40,803
up €40,803 (+17.3%), from €235,403 to €276,205
mainly Net result for the year (+€27,376) and Depreciation (+€23,138)
- Tangible fixed assets -€15,878
down €15,878 (-2.0%), from €786,917 to €771,039
of which Land and buildings: -€23,138
- Profit (loss) carried forward +€27,376
up €27,376 (+6.9%), from -€393,945 to -€366,569
- Gross operating margin +€7,575
up €7,575 (+15.4%), from €49,205 to €56,780
- Depreciation +€5,557
up €5,557 (+31.6%), from €17,581 to €23,138
- Financial income -€3,933
down €3,933 (-74.9%), from €5,252 to €1,320
- Other operating charges +€3,717
up €3,717 (+98.4%), from €3,777 to €7,494
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.
Derived cash bridge
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 | €1,027,342 | €1,055,187 | +€27,845 | +2.7% |
| Fixed assets | 21/28 | €786,917 | €771,039 | -€15,878 | -2.0% |
| Tangible fixed assets | 22/27 | €786,917 | €771,039 | -€15,878 | -2.0% |
| Land and buildings | 22 | €786,917 | €763,779 | -€23,138 | -2.9% |
| Assets under construction and advance payments | 27 | - | €7,260 | +€7,260 | |
| Current assets | 29/58 | €240,424 | €284,148 | +€43,723 | +18.2% |
| Amounts receivable within one year | 40/41 | €2,129 | €3,718 | +€1,589 | +74.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,129 | €3,718 | +€1,589 | +74.7% |
| Cash at bank and in hand | 54/58 | €235,403 | €276,205 | +€40,803 | +17.3% |
| Deferred charges and accrued income | 490/1 | €2,893 | €4,224 | +€1,332 | +46.0% |
| Total equity and liabilities | 10/49 | €1,027,342 | €1,055,187 | +€27,845 | +2.7% |
| Equity | 10/15 | €523,700 | €551,077 | +€27,376 | +5.2% |
| Contributions | 10/11 | €917,645 | €917,645 | = | 0.0% |
| Capital | 10 | €917,645 | €917,645 | = | 0.0% |
| Issued capital | 100 | €967,224 | €967,224 | = | 0.0% |
| Uncalled capital | 101 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€393,945 | -€366,569 | +€27,376 | +6.9% |
| Amounts payable | 17/49 | €503,641 | €504,110 | +€469 | +0.1% |
| Amounts payable within one year | 42/48 | €503,641 | €504,110 | +€469 | +0.1% |
| Trade debts | 44 | €387 | €584 | +€197 | +50.9% |
| Suppliers | 440/4 | €387 | €584 | +€197 | +50.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €503,254 | €503,526 | +€272 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,581 | €23,138 | +€5,557 | +31.6% |
| Other operating charges | 640/8 | €3,777 | €7,494 | +€3,717 | +98.4% |
| Gross operating margin | 9900 | €49,205 | €56,780 | +€7,575 | +15.4% |
| Operating profit (loss) | 9901 | €27,847 | €26,148 | -€1,700 | -6.1% |
| Financial income | 75/76B | €5,252 | €1,320 | -€3,933 | -74.9% |
| Recurring financial income | 75 | €5,252 | €1,320 | -€3,933 | -74.9% |
| Financial charges | 65/66B | €68 | €91 | +€23 | +33.4% |
| Recurring financial charges | 65 | €68 | €91 | +€23 | +33.4% |
| Profit (loss) for the period before taxes | 9903 | €33,031 | €27,376 | -€5,655 | -17.1% |
| Income taxes | 67/77 | -€23 | €0 | +€23 | |
| Profit (loss) for the period | 9904 | €33,054 | €27,376 | -€5,678 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,054 | €27,376 | -€5,678 | -17.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.