IMMO BELGE OFFICE: 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 BELGE OFFICE
Largest movements
- Cash +€22,390
up €22,390 (+49.9%), from €44,865 to €67,255
mainly Other debts (+€10,123) and Net result for the year (+€7,703)
- Tangible fixed assets -€4,564
down €4,564 (-4.2%), from €109,696 to €105,132
of which Land and buildings: -€4,095
- Other debts +€10,123
up €10,123 (+5.2%), from €193,113 to €203,237
- Profit (loss) carried forward +€7,703
up €7,703 (+3.9%), from -€197,362 to -€189,659
- Gross operating margin +€5,917
up €5,917 (+77.4%), from €7,650 to €13,567
- Depreciation -€1,336
down €1,336 (-22.6%), from €5,900 to €4,564
- Other operating charges -€343
down €343 (-21.5%), from €1,597 to €1,254
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 | €157,591 | €175,418 | +€17,826 | +11.3% |
| Fixed assets | 21/28 | €109,696 | €105,132 | -€4,564 | -4.2% |
| Tangible fixed assets | 22/27 | €109,696 | €105,132 | -€4,564 | -4.2% |
| Land and buildings | 22 | €109,227 | €105,132 | -€4,095 | -3.7% |
| Furniture and vehicles | 24 | €469 | - | -€469 | |
| Current assets | 29/58 | €47,895 | €70,285 | +€22,390 | +46.7% |
| Amounts receivable within one year | 40/41 | €3,031 | €3,031 | = | 0.0% |
| Trade receivables | 40 | €3,031 | €3,031 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,865 | €67,255 | +€22,390 | +49.9% |
| Total equity and liabilities | 10/49 | €157,591 | €175,418 | +€17,826 | +11.3% |
| Equity | 10/15 | -€35,522 | -€27,819 | +€7,703 | +21.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €99,866 | €99,866 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,362 | -€189,659 | +€7,703 | +3.9% |
| Amounts payable | 17/49 | €193,113 | €203,237 | +€10,123 | +5.2% |
| Amounts payable within one year | 42/48 | €193,113 | €203,237 | +€10,123 | +5.2% |
| Other amounts payable | 47/48 | €193,113 | €203,237 | +€10,123 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,900 | €4,564 | -€1,336 | -22.6% |
| Other operating charges | 640/8 | €1,597 | €1,254 | -€343 | -21.5% |
| Gross operating margin | 9900 | €7,650 | €13,567 | +€5,917 | +77.4% |
| Operating profit (loss) | 9901 | €152 | €7,749 | +€7,597 | +4,983% |
| Financial charges | 65/66B | €58 | €46 | -€12 | -20.0% |
| Recurring financial charges | 65 | €58 | €46 | -€12 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €95 | €7,703 | +€7,608 | +8,048% |
| Profit (loss) for the period | 9904 | €95 | €7,703 | +€7,608 | +8,048% |
| Profit (loss) for the period to be appropriated | 9905 | €95 | €7,703 | +€7,608 | +8,048% |
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 21 October 2026 via checked.be.