Immo-Bel: 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-Bel
Largest movements
- Tangible fixed assets +€471,329
up €471,329 (+129.8%), from €363,208 to €834,537
of which Land and buildings: +€471,550
- Revaluation surpluses +€490,000
new in 2025: €490,000
- Profit (loss) carried forward -€40,123
down €40,123 (-41.0%), from -€97,793 to -€137,916
- Other debts +€12,336
up €12,336 (+2.8%), from €443,654 to €455,991
- Gross operating margin +€9,995
up €9,995 (+44.2%), from -€22,622 to -€12,627
- Other operating charges +€1,882
up €1,882 (+27.4%), from €6,857 to €8,739
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 | €365,674 | €834,537 | +€468,863 | +128.2% |
| Fixed assets | 21/28 | €363,208 | €834,537 | +€471,329 | +129.8% |
| Tangible fixed assets | 22/27 | €363,208 | €834,537 | +€471,329 | +129.8% |
| Land and buildings | 22 | €361,023 | €832,573 | +€471,550 | +130.6% |
| Plant, machinery and equipment | 23 | €2,185 | €1,964 | -€221 | -10.1% |
| Current assets | 29/58 | €2,466 | - | -€2,466 | |
| Cash at bank and in hand | 54/58 | €0 | - | -€0 | |
| Deferred charges and accrued income | 490/1 | €2,466 | - | -€2,466 | |
| Total equity and liabilities | 10/49 | €365,674 | €834,537 | +€468,863 | +128.2% |
| Equity | 10/15 | -€79,193 | €370,684 | +€449,877 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €490,000 | +€490,000 | |
| Profit (loss) carried forward | 14 | -€97,793 | -€137,916 | -€40,123 | -41.0% |
| Amounts payable | 17/49 | €444,866 | €463,853 | +€18,986 | +4.3% |
| Amounts payable within one year | 42/48 | €444,866 | €463,853 | +€18,986 | +4.3% |
| Trade debts | 44 | €1,212 | €7,862 | +€6,650 | +548.6% |
| Suppliers | 440/4 | €1,212 | €7,862 | +€6,650 | +548.6% |
| Other amounts payable | 47/48 | €443,654 | €455,991 | +€12,336 | +2.8% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,472 | €18,671 | +€199 | +1.1% |
| Other operating charges | 640/8 | €6,857 | €8,739 | +€1,882 | +27.4% |
| Gross operating margin | 9900 | -€22,622 | -€12,627 | +€9,995 | +44.2% |
| Operating profit (loss) | 9901 | -€47,951 | -€40,037 | +€7,914 | +16.5% |
| Financial charges | 65/66B | €42 | €86 | +€44 | +104.0% |
| Recurring financial charges | 65 | €42 | €86 | +€44 | +104.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,993 | -€40,123 | +€7,871 | +16.4% |
| Profit (loss) for the period | 9904 | -€47,993 | -€40,123 | +€7,871 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,993 | -€40,123 | +€7,871 | +16.4% |
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.