IMMO - BEMO: 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 - BEMO
Largest movements
- Cash +€42,093
up €42,093 (+26.6%), from €158,166 to €200,259
mainly Depreciation (+€30,686) and Net result for the year (+€15,461)
- Tangible fixed assets -€21,405
down €21,405 (-7.6%), from €280,092 to €258,687
of which Land and buildings: -€21,169
- Reserves +€15,461
up €15,461 (+13.0%), from €118,525 to €133,987
of which Distributable reserves: +€14,688
- Gross operating margin +€11,103
up €11,103 (+18.5%), from €60,019 to €71,122
- Taxes +€3,544
up €3,544 (+95.0%), from €3,732 to €7,277
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 | €441,207 | €461,880 | +€20,673 | +4.7% |
| Fixed assets | 21/28 | €280,092 | €258,687 | -€21,405 | -7.6% |
| Tangible fixed assets | 22/27 | €280,092 | €258,687 | -€21,405 | -7.6% |
| Land and buildings | 22 | €278,873 | €257,705 | -€21,169 | -7.6% |
| Furniture and vehicles | 24 | €1,219 | €982 | -€237 | -19.4% |
| Current assets | 29/58 | €161,115 | €203,194 | +€42,079 | +26.1% |
| Amounts receivable within one year | 40/41 | €1,268 | €1,268 | = | 0.0% |
| Other amounts receivable | 41 | €1,268 | €1,268 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €158,166 | €200,259 | +€42,093 | +26.6% |
| Deferred charges and accrued income | 490/1 | €1,681 | €1,667 | -€14 | -0.8% |
| Total equity and liabilities | 10/49 | €441,207 | €461,880 | +€20,673 | +4.7% |
| Equity | 10/15 | €348,075 | €363,536 | +€15,461 | +4.4% |
| Contributions | 10/11 | €229,549 | €229,549 | = | 0.0% |
| Capital | 10 | €229,549 | €229,549 | = | 0.0% |
| Issued capital | 100 | €229,549 | €229,549 | = | 0.0% |
| Reserves | 13 | €118,525 | €133,987 | +€15,461 | +13.0% |
| Non-distributable reserves | 130/1 | €5,926 | €6,699 | +€773 | +13.0% |
| Legal reserve | 130 | €5,926 | €6,699 | +€773 | +13.0% |
| Distributable reserves | 133 | €112,599 | €127,287 | +€14,688 | +13.0% |
| Amounts payable | 17/49 | €93,132 | €98,344 | +€5,212 | +5.6% |
| Amounts payable after more than one year | 17 | €84,087 | €87,464 | +€3,377 | +4.0% |
| Financial debts | 170/4 | €83,862 | €87,239 | +€3,377 | +4.0% |
| Other amounts payable | 178/9 | €225 | €225 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,319 | €4,700 | +€2,381 | +102.7% |
| Trade debts | 44 | €1,108 | - | -€1,108 | |
| Suppliers | 440/4 | €1,108 | - | -€1,108 | |
| Taxes, remuneration and social security | 45 | - | €2,277 | +€2,277 | |
| Taxes | 450/3 | - | €2,277 | +€2,277 | |
| Other amounts payable | 47/48 | €1,212 | €2,423 | +€1,212 | +100.0% |
| Accrued charges and deferred income | 492/3 | €6,726 | €6,180 | -€545 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,034 | €30,686 | +€651 | +2.2% |
| Other operating charges | 640/8 | €11,303 | €11,292 | -€11 | -0.1% |
| Gross operating margin | 9900 | €60,019 | €71,122 | +€11,103 | +18.5% |
| Operating profit (loss) | 9901 | €18,681 | €29,143 | +€10,462 | +56.0% |
| Financial charges | 65/66B | €6,951 | €6,405 | -€545 | -7.8% |
| Recurring financial charges | 65 | €6,951 | €6,405 | -€545 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €11,730 | €22,738 | +€11,008 | +93.8% |
| Income taxes | 67/77 | €3,732 | €7,277 | +€3,544 | +95.0% |
| Profit (loss) for the period | 9904 | €7,998 | €15,461 | +€7,463 | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,998 | €15,461 | +€7,463 | +93.3% |
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 28 September 2026 via checked.be.