IMMO BEERSE: 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 BEERSE
Largest movements
- Tangible fixed assets -€44,954
down €44,954 (-5.7%), from €784,491 to €739,537
of which Land and buildings: -€44,954
- Debts after one year -€54,432
down €54,432 (-8.7%), from €624,082 to €569,651
- Reserves +€19,413
up €19,413 (+5.6%), from €344,515 to €363,928
of which Distributable reserves: +€35,891
- Depreciation -€18,963
down €18,963 (-27.0%), from €70,262 to €51,299
- Gross operating margin +€10,941
up €10,941 (+13.8%), from €79,352 to €90,293
- Taxes +€8,323
up €8,323 (+222.6%), from €3,739 to €12,063
- Financial charges +€5,683
up €5,683 (+47.3%), from €12,016 to €17,699
- Financial income +€2,916
up €2,916 (+84.0%), from €3,472 to €6,388
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 | €1,114,708 | €1,077,198 | -€37,510 | -3.4% |
| Fixed assets | 21/28 | €784,491 | €739,537 | -€44,954 | -5.7% |
| Tangible fixed assets | 22/27 | €784,491 | €739,537 | -€44,954 | -5.7% |
| Land and buildings | 22 | €784,491 | €739,537 | -€44,954 | -5.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €330,217 | €337,661 | +€7,444 | +2.3% |
| Amounts receivable within one year | 40/41 | €323,141 | €331,585 | +€8,444 | +2.6% |
| Trade receivables | 40 | €0 | €5,043 | +€5,043 | |
| Other amounts receivable | 41 | €323,141 | €326,542 | +€3,401 | +1.1% |
| Cash at bank and in hand | 54/58 | €6,025 | €2,762 | -€3,263 | -54.2% |
| Deferred charges and accrued income | 490/1 | €1,051 | €3,315 | +€2,263 | +215.3% |
| Total equity and liabilities | 10/49 | €1,114,708 | €1,077,198 | -€37,510 | -3.4% |
| Equity | 10/15 | €395,681 | €415,094 | +€19,413 | +4.9% |
| Contributions | 10/11 | €51,165 | €51,165 | = | 0.0% |
| Reserves | 13 | €344,515 | €363,928 | +€19,413 | +5.6% |
| Tax-exempt reserves | 132 | €109,167 | €92,689 | -€16,478 | -15.1% |
| Distributable reserves | 133 | €235,348 | €271,239 | +€35,891 | +15.3% |
| Provisions and deferred taxes | 16 | €36,389 | €30,896 | -€5,492 | -15.1% |
| Deferred taxes | 168 | €36,389 | €30,896 | -€5,492 | -15.1% |
| Amounts payable | 17/49 | €682,639 | €631,208 | -€51,431 | -7.5% |
| Amounts payable after more than one year | 17 | €624,082 | €569,651 | -€54,432 | -8.7% |
| Financial debts | 170/4 | €624,082 | €569,651 | -€54,432 | -8.7% |
| Amounts payable within one year | 42/48 | €58,557 | €61,558 | +€3,001 | +5.1% |
| Current portion of amounts payable after more than one year | 42 | €53,249 | €54,432 | +€1,183 | +2.2% |
| Trade debts | 44 | €4,568 | €2,824 | -€1,745 | -38.2% |
| Suppliers | 440/4 | €4,568 | €2,824 | -€1,745 | -38.2% |
| Taxes, remuneration and social security | 45 | €739 | €4,302 | +€3,563 | +481.8% |
| Taxes | 450/3 | €739 | €4,302 | +€3,563 | +481.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,262 | €51,299 | -€18,963 | -27.0% |
| Other operating charges | 640/8 | €3,200 | €1,699 | -€1,501 | -46.9% |
| Gross operating margin | 9900 | €79,352 | €90,293 | +€10,941 | +13.8% |
| Operating profit (loss) | 9901 | €5,890 | €37,295 | +€31,404 | +533.2% |
| Financial income | 75/76B | €3,472 | €6,388 | +€2,916 | +84.0% |
| Recurring financial income | 75 | €3,472 | €6,388 | +€2,916 | +84.0% |
| Financial charges | 65/66B | €12,016 | €17,699 | +€5,683 | +47.3% |
| Recurring financial charges | 65 | €12,016 | €17,699 | +€5,683 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,654 | €25,983 | +€28,637 | |
| Transfer from deferred taxes | 780 | €5,318 | €5,492 | +€174 | +3.3% |
| Income taxes | 67/77 | €3,739 | €12,063 | +€8,323 | +222.6% |
| Profit (loss) for the period | 9904 | -€1,075 | €19,413 | +€20,488 | |
| Transfer from tax-exempt reserves | 789 | €12,293 | €16,478 | +€4,185 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,218 | €35,891 | +€24,673 | +219.9% |
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.