IMMO BDI: 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 BDI
Largest movements
- Intangible fixed assets -€35,260
down €35,260 (-25.2%), from €140,174 to €104,914
- Cash -€25,739
down €25,739 (-35.8%), from €71,925 to €46,187
mainly Debts after one year (-€141,874) and Investment in fixed assets (net) (-€86,323)
- Debts after one year -€141,874
down €141,874 (-24.1%), from €587,860 to €445,986
of which Other amounts payable: -€90,000
- Reserves +€46,500
up €46,500 (+19.9%), from €233,480 to €279,980
of which Distributable reserves: +€46,500
- Trade debts +€25,219
up €25,219 (+7925.0%), from €318 to €25,537
- Gross operating margin -€58,429
down €58,429 (-18.1%), from €322,625 to €264,196
- Taxes -€20,966
down €20,966 (-37.8%), from €55,460 to €34,494
- Depreciation +€6,508
up €6,508 (+5.4%), from €120,241 to €126,749
- Other operating charges +€5,873
up €5,873 (+16.4%), from €35,741 to €41,614
- Financial charges -€4,570
down €4,570 (-23.9%), from €19,151 to €14,581
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 | €989,845 | €917,042 | -€72,803 | -7.4% |
| Fixed assets | 21/28 | €907,362 | €866,936 | -€40,426 | -4.5% |
| Intangible fixed assets | 21 | €140,174 | €104,914 | -€35,260 | -25.2% |
| Tangible fixed assets | 22/27 | €767,188 | €762,022 | -€5,166 | -0.7% |
| Land and buildings | 22 | €381,000 | €367,542 | -€13,458 | -3.5% |
| Plant, machinery and equipment | 23 | €386,188 | €394,481 | +€8,293 | +2.1% |
| Current assets | 29/58 | €82,483 | €50,106 | -€32,377 | -39.3% |
| Amounts receivable within one year | 40/41 | €7,505 | €720 | -€6,785 | -90.4% |
| Trade receivables | 40 | €7,505 | €720 | -€6,785 | -90.4% |
| Cash at bank and in hand | 54/58 | €71,925 | €46,187 | -€25,739 | -35.8% |
| Deferred charges and accrued income | 490/1 | €3,053 | €3,200 | +€146 | +4.8% |
| Total equity and liabilities | 10/49 | €989,845 | €917,042 | -€72,803 | -7.4% |
| Equity | 10/15 | €307,678 | €354,438 | +€46,759 | +15.2% |
| Contributions | 10/11 | €64,800 | €64,800 | = | 0.0% |
| Reserves | 13 | €233,480 | €279,980 | +€46,500 | +19.9% |
| Non-distributable reserves | 130/1 | €6,480 | €6,480 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,480 | €6,480 | = | 0.0% |
| Distributable reserves | 133 | €227,000 | €273,500 | +€46,500 | +20.5% |
| Profit (loss) carried forward | 14 | €9,398 | €9,658 | +€259 | +2.8% |
| Amounts payable | 17/49 | €682,166 | €562,604 | -€119,562 | -17.5% |
| Amounts payable after more than one year | 17 | €587,860 | €445,986 | -€141,874 | -24.1% |
| Financial debts | 170/4 | €497,860 | €445,986 | -€51,874 | -10.4% |
| Other amounts payable | 178/9 | €90,000 | - | -€90,000 | |
| Amounts payable within one year | 42/48 | €90,707 | €111,818 | +€21,112 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €79,888 | €81,741 | +€1,853 | +2.3% |
| Trade debts | 44 | €318 | €25,537 | +€25,219 | +7925.0% |
| Suppliers | 440/4 | €318 | €25,537 | +€25,219 | +7925.0% |
| Taxes, remuneration and social security | 45 | €10,460 | €4,500 | -€5,960 | -57.0% |
| Taxes | 450/3 | €10,460 | €4,500 | -€5,960 | -57.0% |
| Other amounts payable | 47/48 | €40 | €40 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,600 | €4,800 | +€1,200 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,241 | €126,749 | +€6,508 | +5.4% |
| Other operating charges | 640/8 | €35,741 | €41,614 | +€5,873 | +16.4% |
| Gross operating margin | 9900 | €322,625 | €264,196 | -€58,429 | -18.1% |
| Operating profit (loss) | 9901 | €166,644 | €95,834 | -€70,810 | -42.5% |
| Financial charges | 65/66B | €19,151 | €14,581 | -€4,570 | -23.9% |
| Recurring financial charges | 65 | €19,151 | €14,581 | -€4,570 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €147,493 | €81,253 | -€66,240 | -44.9% |
| Income taxes | 67/77 | €55,460 | €34,494 | -€20,966 | -37.8% |
| Profit (loss) for the period | 9904 | €92,033 | €46,759 | -€45,274 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €92,033 | €46,759 | -€45,274 | -49.2% |
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.