IMMO BATTEL: 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 BATTEL
Largest movements
- Tangible fixed assets -€52,765
down €52,765 (-3.3%), from €1.6m to €1.5m
of which Land and buildings: -€43,039
- Debts after one year -€448,457
down €448,457 (-27.1%), from €1.7m to €1.2m
of which Financial debts: -€452,062
- Current portion of long-term debt +€392,000
up €392,000 (+700.0%), from €56,000 to €448,000
- Gross operating margin +€2,147
up €2,147 (+2.1%), from €100,043 to €102,190
- Financial charges -€1,129
down €1,129 (-3.9%), from €29,278 to €28,149
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 | €1,624,570 | €1,570,739 | -€53,831 | -3.3% |
| Fixed assets | 21/28 | €1,593,256 | €1,540,491 | -€52,765 | -3.3% |
| Tangible fixed assets | 22/27 | €1,593,256 | €1,540,491 | -€52,765 | -3.3% |
| Land and buildings | 22 | €1,539,329 | €1,496,290 | -€43,039 | -2.8% |
| Furniture and vehicles | 24 | €7,889 | €3,407 | -€4,482 | -56.8% |
| Other tangible fixed assets | 26 | €46,038 | €40,794 | -€5,244 | -11.4% |
| Current assets | 29/58 | €31,315 | €30,248 | -€1,066 | -3.4% |
| Amounts receivable within one year | 40/41 | €9,241 | €1,778 | -€7,462 | -80.8% |
| Trade receivables | 40 | €9,241 | €1,778 | -€7,462 | -80.8% |
| Cash at bank and in hand | 54/58 | €21,157 | €27,520 | +€6,363 | +30.1% |
| Deferred charges and accrued income | 490/1 | €918 | €951 | +€33 | +3.6% |
| Total equity and liabilities | 10/49 | €1,624,570 | €1,570,739 | -€53,831 | -3.3% |
| Equity | 10/15 | -€99,559 | -€88,675 | +€10,883 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,559 | -€93,675 | +€10,883 | +10.4% |
| Amounts payable | 17/49 | €1,724,129 | €1,659,414 | -€64,715 | -3.8% |
| Amounts payable after more than one year | 17 | €1,652,963 | €1,204,506 | -€448,457 | -27.1% |
| Financial debts | 170/4 | €1,642,863 | €1,190,801 | -€452,062 | -27.5% |
| Other amounts payable | 178/9 | €10,100 | €13,705 | +€3,605 | +35.7% |
| Amounts payable within one year | 42/48 | €69,385 | €451,440 | +€382,056 | +550.6% |
| Current portion of amounts payable after more than one year | 42 | €56,000 | €448,000 | +€392,000 | +700.0% |
| Trade debts | 44 | €10,535 | €1,940 | -€8,595 | -81.6% |
| Suppliers | 440/4 | €10,535 | €1,940 | -€8,595 | -81.6% |
| Other amounts payable | 47/48 | €2,850 | €1,500 | -€1,350 | -47.4% |
| Accrued charges and deferred income | 492/3 | €1,781 | €3,468 | +€1,687 | +94.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,455 | €52,765 | +€310 | +0.6% |
| Other operating charges | 640/8 | €9,640 | €10,392 | +€752 | +7.8% |
| Gross operating margin | 9900 | €100,043 | €102,190 | +€2,147 | +2.1% |
| Operating profit (loss) | 9901 | €37,948 | €39,032 | +€1,085 | +2.9% |
| Financial charges | 65/66B | €29,278 | €28,149 | -€1,129 | -3.9% |
| Recurring financial charges | 65 | €29,278 | €28,149 | -€1,129 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €8,670 | €10,883 | +€2,214 | +25.5% |
| Profit (loss) for the period | 9904 | €8,670 | €10,883 | +€2,214 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,670 | €10,883 | +€2,214 | +25.5% |
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 12 October 2026 via checked.be.