IMMO 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 BEL
Largest movements
- Tangible fixed assets -€6,874
down €6,874 (-22.9%), from €30,066 to €23,192
of which Land and buildings: -€5,928
- Cash -€3,097
down €3,097 (-10.0%), from €30,943 to €27,846
mainly Contributions, distributions and other (-€20,509) and Debts after one year (-€7,898)
- Other debts +€20,509
new in 2025: €20,509
- Debts after one year -€7,898
no longer reported in 2025 (was €7,898)
- Profit (loss) carried forward -€7,827
no longer reported in 2025 (was €7,827)
- Current portion of long-term debt -€7,808
down €7,808 (-49.7%), from €15,706 to €7,898
- Reserves -€7,398
down €7,398 (-64.9%), from €11,398 to €4,000
of which Distributable reserves: -€7,398
- Gross operating margin -€1,426
down €1,426 (-8.2%), from €17,416 to €15,991
- Other operating charges +€441
up €441 (+32.4%), from €1,359 to €1,800
- Taxes -€426
down €426 (-19.5%), from €2,188 to €1,761
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 | €61,429 | €51,664 | -€9,765 | -15.9% |
| Fixed assets | 21/28 | €30,066 | €23,192 | -€6,874 | -22.9% |
| Tangible fixed assets | 22/27 | €30,066 | €23,192 | -€6,874 | -22.9% |
| Land and buildings | 22 | €29,120 | €23,192 | -€5,928 | -20.4% |
| Plant, machinery and equipment | 23 | €945 | - | -€945 | |
| Current assets | 29/58 | €31,363 | €28,472 | -€2,892 | -9.2% |
| Amounts receivable within one year | 40/41 | €420 | €626 | +€205 | +48.9% |
| Other amounts receivable | 41 | €420 | €626 | +€205 | +48.9% |
| Cash at bank and in hand | 54/58 | €30,943 | €27,846 | -€3,097 | -10.0% |
| Total equity and liabilities | 10/49 | €61,429 | €51,664 | -€9,765 | -15.9% |
| Equity | 10/15 | €37,825 | €22,600 | -€15,225 | -40.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,398 | €4,000 | -€7,398 | -64.9% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €7,398 | - | -€7,398 | |
| Profit (loss) carried forward | 14 | €7,827 | - | -€7,827 | |
| Amounts payable | 17/49 | €23,604 | €29,064 | +€5,460 | +23.1% |
| Amounts payable after more than one year | 17 | €7,898 | - | -€7,898 | |
| Financial debts | 170/4 | €7,898 | - | -€7,898 | |
| Amounts payable within one year | 42/48 | €15,706 | €29,064 | +€13,357 | +85.0% |
| Current portion of amounts payable after more than one year | 42 | €15,706 | €7,898 | -€7,808 | -49.7% |
| Trade debts | 44 | - | €657 | +€657 | |
| Suppliers | 440/4 | - | €657 | +€657 | |
| Other amounts payable | 47/48 | - | €20,509 | +€20,509 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,881 | €6,874 | -€7 | -0.1% |
| Other operating charges | 640/8 | €1,359 | €1,800 | +€441 | +32.4% |
| Gross operating margin | 9900 | €17,416 | €15,991 | -€1,426 | -8.2% |
| Operating profit (loss) | 9901 | €9,177 | €7,318 | -€1,859 | -20.3% |
| Financial income | 75/76B | €104 | €145 | +€41 | +39.1% |
| Recurring financial income | 75 | €104 | €145 | +€41 | +39.1% |
| Financial charges | 65/66B | €531 | €417 | -€113 | -21.3% |
| Recurring financial charges | 65 | €531 | €417 | -€113 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €8,750 | €7,045 | -€1,705 | -19.5% |
| Income taxes | 67/77 | €2,188 | €1,761 | -€426 | -19.5% |
| Profit (loss) for the period | 9904 | €6,563 | €5,284 | -€1,279 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,563 | €5,284 | -€1,279 | -19.5% |
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.