IMMO BD.bel: 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 BD.bel
Largest movements
- Tangible fixed assets -€27,606
down €27,606 (-7.6%), from €363,622 to €336,017
of which Land and buildings: -€16,123
- Cash +€21,713
up €21,713 (+5.9%), from €367,061 to €388,774
mainly Depreciation (+€27,606) and Accrued charges and deferred income (+€2,133)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€133,292
down €133,292 (-99.1%), from €134,449 to €1,158
of which Non-recurring financial income: -€133,619
- Taxes -€44,989
down €44,989 (-95.8%), from €46,954 to €1,965
- Gross operating margin +€38,159
up €38,159 (+398%), from €9,584 to €47,742
- Depreciation +€2,659
up €2,659 (+10.7%), from €24,947 to €27,606
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 | €732,054 | €729,571 | -€2,483 | -0.3% |
| Fixed assets | 21/28 | €363,985 | €336,380 | -€27,606 | -7.6% |
| Tangible fixed assets | 22/27 | €363,622 | €336,017 | -€27,606 | -7.6% |
| Land and buildings | 22 | €316,058 | €299,935 | -€16,123 | -5.1% |
| Plant, machinery and equipment | 23 | €26,812 | €19,319 | -€7,493 | -27.9% |
| Furniture and vehicles | 24 | €20,752 | €16,763 | -€3,990 | -19.2% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €368,069 | €393,192 | +€25,123 | +6.8% |
| Amounts receivable within one year | 40/41 | - | €3,387 | +€3,387 | |
| Trade receivables | 40 | - | €5 | +€5 | |
| Other amounts receivable | 41 | - | €3,382 | +€3,382 | |
| Cash at bank and in hand | 54/58 | €367,061 | €388,774 | +€21,713 | +5.9% |
| Deferred charges and accrued income | 490/1 | €1,008 | €1,031 | +€23 | +2.3% |
| Total equity and liabilities | 10/49 | €732,054 | €729,571 | -€2,483 | -0.3% |
| Equity | 10/15 | €510,863 | €510,835 | -€28 | 0.0% |
| 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 | €436,296 | €436,253 | -€43 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,096 | €60,353 | -€2,743 | -4.3% |
| Distributable reserves | 133 | €367,000 | €369,700 | +€2,700 | +0.7% |
| Profit (loss) carried forward | 14 | €12,567 | €12,582 | +€15 | +0.1% |
| Provisions and deferred taxes | 16 | €25,772 | €24,651 | -€1,121 | -4.3% |
| Deferred taxes | 168 | €25,772 | €24,651 | -€1,121 | -4.3% |
| Amounts payable | 17/49 | €195,419 | €194,085 | -€1,334 | -0.7% |
| Amounts payable after more than one year | 17 | €183,000 | €183,000 | = | 0.0% |
| Financial debts | 170/4 | €183,000 | €183,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,327 | €8,860 | -€3,467 | -28.1% |
| Trade debts | 44 | €1,629 | - | -€1,629 | |
| Suppliers | 440/4 | €1,629 | - | -€1,629 | |
| Taxes, remuneration and social security | 45 | €4,817 | €3,666 | -€1,151 | -23.9% |
| Taxes | 450/3 | €1,705 | - | -€1,705 | |
| Remuneration and social security | 454/9 | €3,113 | €3,666 | +€554 | +17.8% |
| Other amounts payable | 47/48 | €5,881 | €5,194 | -€688 | -11.7% |
| Accrued charges and deferred income | 492/3 | €92 | €2,225 | +€2,133 | +2,320% |
| Remuneration, social security and pensions | 62 | €14,822 | €14,822 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,947 | €27,606 | +€2,659 | +10.7% |
| Other operating charges | 640/8 | €5,894 | €5,530 | -€364 | -6.2% |
| Non-recurring operating charges | 66A | €5,000 | - | -€5,000 | |
| Gross operating margin | 9900 | €9,584 | €47,742 | +€38,159 | +398% |
| Operating profit (loss) | 9901 | -€41,079 | -€215 | +€40,864 | +99.5% |
| Financial income | 75/76B | €134,449 | €1,158 | -€133,292 | -99.1% |
| Recurring financial income | 75 | €831 | €1,158 | +€327 | +39.4% |
| Non-recurring financial income | 76B | €133,619 | - | -€133,619 | |
| Financial charges | 65/66B | €126 | €126 | -€0 | -0.1% |
| Recurring financial charges | 65 | €126 | €126 | -€0 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €93,244 | €816 | -€92,428 | -99.1% |
| Transfer from deferred taxes | 780 | €20,376 | €1,121 | -€19,256 | -94.5% |
| Income taxes | 67/77 | €46,954 | €1,965 | -€44,989 | -95.8% |
| Profit (loss) for the period | 9904 | €66,666 | -€28 | -€66,695 | |
| Transfer from tax-exempt reserves | 789 | €41,839 | €2,743 | -€39,095 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,505 | €2,715 | -€105,790 | -97.5% |
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 14 October 2026 via checked.be.