IMMO BELLE: 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 BELLE
Largest movements
- Receivables within one year +€149,819
up €149,819 (+152%), from €98,725 to €248,544
of which Trade receivables: +€136,468
- Tangible fixed assets +€41,532
up €41,532 (+6,106%), from €680 to €42,212
- Deferred charges and accrued income +€3,818
new in 2025: €3,818
- Profit (loss) carried forward +€76,911
up €76,911 (+600%), from €12,820 to €89,731
- Trade debts +€63,128
up €63,128 (+180%), from €35,038 to €98,166
- Debts after one year +€30,898
new in 2025: €30,898
- Tax, wage and social debts +€21,629
up €21,629 (+292%), from €7,417 to €29,046
- Current portion of long-term debt +€7,052
new in 2025: €7,052
- Gross operating margin +€83,966
up €83,966 (+362%), from €23,217 to €107,183
- Taxes +€24,081
up €24,081 (+485%), from €4,965 to €29,046
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 | €104,897 | €298,019 | +€193,122 | +184% |
| Fixed assets | 21/28 | €680 | €42,212 | +€41,532 | +6,106% |
| Tangible fixed assets | 22/27 | €680 | €42,212 | +€41,532 | +6,106% |
| Furniture and vehicles | 24 | €680 | €42,212 | +€41,532 | +6,106% |
| Current assets | 29/58 | €104,217 | €255,807 | +€151,591 | +145% |
| Amounts receivable within one year | 40/41 | €98,725 | €248,544 | +€149,819 | +152% |
| Trade receivables | 40 | €64,132 | €200,600 | +€136,468 | +213% |
| Other amounts receivable | 41 | €34,593 | €47,944 | +€13,351 | +38.6% |
| Cash at bank and in hand | 54/58 | €5,492 | €3,445 | -€2,047 | -37.3% |
| Deferred charges and accrued income | 490/1 | - | €3,818 | +€3,818 | |
| Total equity and liabilities | 10/49 | €104,897 | €298,019 | +€193,122 | +184% |
| Equity | 10/15 | €37,820 | €114,731 | +€76,911 | +203% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | - | -€25,000 | |
| Share premium | 1100/10 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | €12,820 | €89,731 | +€76,911 | +600% |
| Amounts payable | 17/49 | €67,077 | €183,288 | +€116,211 | +173% |
| Amounts payable after more than one year | 17 | - | €30,898 | +€30,898 | |
| Financial debts | 170/4 | - | €30,898 | +€30,898 | |
| Amounts payable within one year | 42/48 | €63,377 | €152,390 | +€89,013 | +140% |
| Current portion of amounts payable after more than one year | 42 | - | €7,052 | +€7,052 | |
| Trade debts | 44 | €35,038 | €98,166 | +€63,128 | +180% |
| Suppliers | 440/4 | €35,038 | €98,166 | +€63,128 | +180% |
| Taxes, remuneration and social security | 45 | €7,417 | €29,046 | +€21,629 | +292% |
| Taxes | 450/3 | €7,417 | €29,046 | +€21,629 | +292% |
| Other amounts payable | 47/48 | €20,922 | €18,126 | -€2,795 | -13.4% |
| Accrued charges and deferred income | 492/3 | €3,700 | - | -€3,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46 | €403 | +€357 | +770% |
| Other operating charges | 640/8 | €350 | - | -€350 | |
| Gross operating margin | 9900 | €23,217 | €107,183 | +€83,966 | +362% |
| Operating profit (loss) | 9901 | €22,820 | €106,780 | +€83,959 | +368% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €164 | €823 | +€659 | +401% |
| Recurring financial charges | 65 | €164 | €823 | +€659 | +401% |
| Profit (loss) for the period before taxes | 9903 | €22,663 | €105,957 | +€83,293 | +368% |
| Income taxes | 67/77 | €4,965 | €29,046 | +€24,081 | +485% |
| Profit (loss) for the period | 9904 | €17,698 | €76,911 | +€59,213 | +335% |
| Profit (loss) for the period to be appropriated | 9905 | €17,698 | €76,911 | +€59,213 | +335% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.