IMMO-BELGA: 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-BELGA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€877
up €877 (+10.0%), from €8,806 to €9,683
- Purchases and services -€874
down €874 (-8.8%), from €9,953 to €9,079
- Depreciation +€250
up €250 (+4.3%), from €5,819 to €6,069
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 | €443,224 | €441,848 | -€1,376 | -0.3% |
| Fixed assets | 21/28 | €387,628 | €386,092 | -€1,536 | -0.4% |
| Tangible fixed assets | 22/27 | €384,117 | €382,581 | -€1,536 | -0.4% |
| Land and buildings | 22 | €192,011 | €186,191 | -€5,820 | -3.0% |
| Plant, machinery and equipment | 23 | €192,106 | €195,148 | +€3,042 | +1.6% |
| Furniture and vehicles | 24 | - | €1,242 | +€1,242 | |
| Financial fixed assets | 28 | €3,511 | €3,511 | = | 0.0% |
| Current assets | 29/58 | €55,596 | €55,756 | +€160 | +0.3% |
| Cash at bank and in hand | 54/58 | €17,130 | €13,754 | -€3,376 | -19.7% |
| Deferred charges and accrued income | 490/1 | €38,466 | €42,002 | +€3,536 | +9.2% |
| Total equity and liabilities | 10/49 | €443,224 | €441,848 | -€1,376 | -0.3% |
| Equity | 10/15 | €352,906 | €353,332 | +€426 | +0.1% |
| Contributions | 10/11 | €162,000 | €162,000 | = | 0.0% |
| Capital | 10 | €162,000 | €162,000 | = | 0.0% |
| Issued capital | 100 | €162,000 | €162,000 | = | 0.0% |
| Reserves | 13 | €56,715 | €56,715 | = | 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 | €50,515 | €50,515 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,191 | €134,617 | +€426 | +0.3% |
| Provisions and deferred taxes | 16 | €33,916 | €33,916 | = | 0.0% |
| Deferred taxes | 168 | €33,916 | €33,916 | = | 0.0% |
| Amounts payable | 17/49 | €56,402 | €54,600 | -€1,802 | -3.2% |
| Amounts payable within one year | 42/48 | €56,402 | €54,600 | -€1,802 | -3.2% |
| Trade debts | 44 | €291 | - | -€291 | |
| Suppliers | 440/4 | €291 | - | -€291 | |
| Other amounts payable | 47/48 | €56,111 | €54,600 | -€1,511 | -2.7% |
| Turnover | 70 | €18,759 | €18,762 | +€3 | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,953 | €9,079 | -€874 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,819 | €6,069 | +€250 | +4.3% |
| Other operating charges | 640/8 | €3,033 | €3,128 | +€95 | +3.1% |
| Gross operating margin | 9900 | €8,806 | €9,683 | +€877 | +10.0% |
| Operating profit (loss) | 9901 | -€46 | €486 | +€532 | |
| Financial charges | 65/66B | €59 | €60 | +€1 | +1.7% |
| Recurring financial charges | 65 | €59 | €60 | +€1 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | -€105 | €426 | +€531 | |
| Profit (loss) for the period | 9904 | -€105 | €426 | +€531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€105 | €426 | +€531 |
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 20 October 2026 via checked.be.