IMMO BELGIO QUATTRO: 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 BELGIO QUATTRO
Largest movements
- Tangible fixed assets -€12,743
down €12,743 (-3.0%), from €418,856 to €406,113
- Cash -€4,744
down €4,744 (-96.7%), from €4,904 to €160
mainly Debts after one year (-€23,437) and Other debts (-€9,335)
- Debts after one year -€23,437
down €23,437 (-8.3%), from €283,422 to €259,986
- Reserves +€15,443
up €15,443 (+101%), from €15,303 to €30,746
- Other debts -€9,335
down €9,335 (-18.2%), from €51,195 to €41,860
- Trade debts -€7,356
down €7,356 (-81.5%), from €9,022 to €1,666
- Short-term financial debts +€5,000
new in 2025: €5,000
- Gross operating margin +€6,212
up €6,212 (+14.6%), from €42,568 to €48,780
- Taxes +€5,921
up €5,921 (+411%), from €1,440 to €7,361
- Write-downs -€4,782
down €4,782 (-100%), from €4,782 to €0
- Depreciation +€1,686
up €1,686 (+15.3%), from €11,056 to €12,743
- Financial charges +€919
up €919 (+10.0%), from €9,204 to €10,123
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 | €423,789 | €406,969 | -€16,820 | -4.0% |
| Fixed assets | 21/28 | €418,856 | €406,113 | -€12,743 | -3.0% |
| Tangible fixed assets | 22/27 | €418,856 | €406,113 | -€12,743 | -3.0% |
| Land and buildings | 22 | €418,856 | €406,113 | -€12,743 | -3.0% |
| Current assets | 29/58 | €4,933 | €855 | -€4,078 | -82.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,904 | €160 | -€4,744 | -96.7% |
| Deferred charges and accrued income | 490/1 | €29 | €696 | +€666 | +2,270% |
| Total equity and liabilities | 10/49 | €423,789 | €406,969 | -€16,820 | -4.0% |
| Equity | 10/15 | €35,423 | €50,746 | +€15,323 | +43.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €15,303 | €30,746 | +€15,443 | +101% |
| Distributable reserves | 133 | €15,303 | €30,746 | +€15,443 | +101% |
| Profit (loss) carried forward | 14 | €120 | €0 | -€120 | -100% |
| Amounts payable | 17/49 | €388,365 | €356,222 | -€32,143 | -8.3% |
| Amounts payable after more than one year | 17 | €283,422 | €259,986 | -€23,437 | -8.3% |
| Financial debts | 170/4 | €283,422 | €259,986 | -€23,437 | -8.3% |
| Amounts payable within one year | 42/48 | €104,943 | €96,237 | -€8,707 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €22,813 | €23,437 | +€623 | +2.7% |
| Financial debts | 43 | - | €5,000 | +€5,000 | |
| Credit institutions | 430/8 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €9,022 | €1,666 | -€7,356 | -81.5% |
| Suppliers | 440/4 | €9,022 | €1,666 | -€7,356 | -81.5% |
| Taxes, remuneration and social security | 45 | €21,914 | €24,275 | +€2,361 | +10.8% |
| Taxes | 450/3 | €21,914 | €24,275 | +€2,361 | +10.8% |
| Other amounts payable | 47/48 | €51,195 | €41,860 | -€9,335 | -18.2% |
| Non-recurring operating income | 76A | €2,000 | €0 | -€2,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,056 | €12,743 | +€1,686 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,782 | €0 | -€4,782 | -100% |
| Other operating charges | 640/8 | €3,186 | €3,230 | +€44 | +1.4% |
| Gross operating margin | 9900 | €42,568 | €48,780 | +€6,212 | +14.6% |
| Operating profit (loss) | 9901 | €23,544 | €32,807 | +€9,263 | +39.3% |
| Financial charges | 65/66B | €9,204 | €10,123 | +€919 | +10.0% |
| Recurring financial charges | 65 | €9,204 | €10,123 | +€919 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €14,340 | €22,684 | +€8,345 | +58.2% |
| Income taxes | 67/77 | €1,440 | €7,361 | +€5,921 | +411% |
| Profit (loss) for the period | 9904 | €12,899 | €15,323 | +€2,424 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,899 | €15,323 | +€2,424 | +18.8% |
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 27 October 2026 via checked.be.