IMMO BELINCO: 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 BELINCO
Largest movements
- Cash +€13,132
up €13,132 (+83.8%), from €15,667 to €28,799
mainly Depreciation (+€8,038) and Other debts (+€7,229)
- Current investments +€8,542
up €8,542 (+7.5%), from €114,436 to €122,978
- Tangible fixed assets -€4,927
down €4,927 (-5.5%), from €90,279 to €85,352
of which Land and buildings: -€4,457
- Other debts +€7,229
up €7,229 (+55.1%), from €13,118 to €20,347
- Profit (loss) carried forward +€6,655
up €6,655 (+18.8%), from €35,486 to €42,141
- Gross operating margin +€8,789
up €8,789 (+72.6%), from €12,113 to €20,902
- Taxes +€2,376
up €2,376 (+13976.5%), from €17 to €2,393
- Depreciation +€1,707
up €1,707 (+27.0%), from €6,331 to €8,038
- Financial income +€580
up €580 (+120.3%), from €482 to €1,062
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 | €223,595 | €240,408 | +€16,813 | +7.5% |
| Fixed assets | 21/28 | €90,279 | €85,352 | -€4,927 | -5.5% |
| Tangible fixed assets | 22/27 | €90,279 | €85,352 | -€4,927 | -5.5% |
| Land and buildings | 22 | €89,103 | €84,646 | -€4,457 | -5.0% |
| Plant, machinery and equipment | 23 | €1,176 | €706 | -€470 | -40.0% |
| Current assets | 29/58 | €133,316 | €155,056 | +€21,740 | +16.3% |
| Amounts receivable within one year | 40/41 | €1,628 | €1,880 | +€252 | +15.5% |
| Trade receivables | 40 | €1,500 | €1,880 | +€380 | +25.3% |
| Other amounts receivable | 41 | €128 | - | -€128 | |
| Current investments | 50/53 | €114,436 | €122,978 | +€8,542 | +7.5% |
| Cash at bank and in hand | 54/58 | €15,667 | €28,799 | +€13,132 | +83.8% |
| Deferred charges and accrued income | 490/1 | €1,585 | €1,399 | -€186 | -11.7% |
| Total equity and liabilities | 10/49 | €223,595 | €240,408 | +€16,813 | +7.5% |
| Equity | 10/15 | €210,052 | €216,707 | +€6,655 | +3.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €50,619 | €50,619 | = | 0.0% |
| Distributable reserves | 133 | €50,619 | €50,619 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,486 | €42,141 | +€6,655 | +18.8% |
| Amounts payable | 17/49 | €13,543 | €23,701 | +€10,158 | +75.0% |
| Amounts payable within one year | 42/48 | €13,118 | €22,566 | +€9,448 | +72.0% |
| Trade debts | 44 | - | €145 | +€145 | |
| Suppliers | 440/4 | - | €145 | +€145 | |
| Taxes, remuneration and social security | 45 | - | €2,074 | +€2,074 | |
| Taxes | 450/3 | - | €2,074 | +€2,074 | |
| Other amounts payable | 47/48 | €13,118 | €20,347 | +€7,229 | +55.1% |
| Accrued charges and deferred income | 492/3 | €425 | €1,135 | +€710 | +167.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,331 | €8,038 | +€1,707 | +27.0% |
| Other operating charges | 640/8 | €4,690 | €4,833 | +€143 | +3.0% |
| Gross operating margin | 9900 | €12,113 | €20,902 | +€8,789 | +72.6% |
| Operating profit (loss) | 9901 | €1,092 | €8,031 | +€6,939 | +635.4% |
| Financial income | 75/76B | €482 | €1,062 | +€580 | +120.3% |
| Recurring financial income | 75 | €482 | €1,062 | +€580 | +120.3% |
| Financial charges | 65/66B | €81 | €45 | -€36 | -44.4% |
| Recurring financial charges | 65 | €81 | €45 | -€36 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €1,493 | €9,048 | +€7,555 | +506.0% |
| Income taxes | 67/77 | €17 | €2,393 | +€2,376 | +13976.5% |
| Profit (loss) for the period | 9904 | €1,476 | €6,655 | +€5,179 | +350.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,476 | €6,655 | +€5,179 | +350.9% |
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 6 October 2026 via checked.be.