IMMO-BEN: 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-BEN
Largest movements
- Tangible fixed assets -€72,196
down €72,196 (-3.7%), from €1.9m to €1.9m
- Debts after one year -€75,042
down €75,042 (-5.8%), from €1.3m to €1.2m
of which Financial debts: -€75,042
- Profit (loss) carried forward +€30,642
up €30,642 (+6.8%), from -€451,041 to -€420,399
- Reserves -€20,102
down €20,102 (-4.7%), from €431,514 to €411,412
of which Tax-exempt reserves: -€20,102
- Other operating charges -€11,407
down €11,407 (-77.8%), from €14,663 to €3,256
- Gross operating margin +€6,616
up €6,616 (+7.2%), from €91,518 to €98,134
- Financial charges -€1,099
down €1,099 (-5.5%), from €19,942 to €18,843
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 | €1,999,313 | €1,919,844 | -€79,469 | -4.0% |
| Fixed assets | 21/28 | €1,943,867 | €1,871,671 | -€72,196 | -3.7% |
| Tangible fixed assets | 22/27 | €1,943,867 | €1,871,671 | -€72,196 | -3.7% |
| Land and buildings | 22 | €1,943,867 | €1,871,671 | -€72,196 | -3.7% |
| Current assets | 29/58 | €55,445 | €48,173 | -€7,273 | -13.1% |
| Amounts receivable within one year | 40/41 | €52,804 | €43,748 | -€9,056 | -17.2% |
| Other amounts receivable | 41 | €52,804 | €43,748 | -€9,056 | -17.2% |
| Cash at bank and in hand | 54/58 | €2,348 | €2,243 | -€105 | -4.5% |
| Deferred charges and accrued income | 490/1 | €293 | €2,181 | +€1,888 | +643.6% |
| Total equity and liabilities | 10/49 | €1,999,313 | €1,919,844 | -€79,469 | -4.0% |
| Equity | 10/15 | -€927 | €9,613 | +€10,540 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €431,514 | €411,412 | -€20,102 | -4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €429,654 | €409,552 | -€20,102 | -4.7% |
| Profit (loss) carried forward | 14 | -€451,041 | -€420,399 | +€30,642 | +6.8% |
| Provisions and deferred taxes | 16 | €143,218 | €136,517 | -€6,701 | -4.7% |
| Deferred taxes | 168 | €143,218 | €136,517 | -€6,701 | -4.7% |
| Amounts payable | 17/49 | €1,857,021 | €1,773,713 | -€83,308 | -4.5% |
| Amounts payable after more than one year | 17 | €1,300,666 | €1,225,624 | -€75,042 | -5.8% |
| Financial debts | 170/4 | €1,255,966 | €1,180,924 | -€75,042 | -6.0% |
| Other amounts payable | 178/9 | €44,700 | €44,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €542,341 | €533,706 | -€8,635 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €73,962 | €75,042 | +€1,080 | +1.5% |
| Trade debts | 44 | €59,044 | €40,830 | -€18,214 | -30.8% |
| Suppliers | 440/4 | €59,044 | €40,830 | -€18,214 | -30.8% |
| Other amounts payable | 47/48 | €409,334 | €417,834 | +€8,500 | +2.1% |
| Accrued charges and deferred income | 492/3 | €14,015 | €14,383 | +€369 | +2.6% |
| Non-recurring operating income | 76A | €4,916 | - | -€4,916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,196 | €72,196 | = | 0.0% |
| Other operating charges | 640/8 | €14,663 | €3,256 | -€11,407 | -77.8% |
| Gross operating margin | 9900 | €91,518 | €98,134 | +€6,616 | +7.2% |
| Operating profit (loss) | 9901 | €4,659 | €22,682 | +€18,023 | +386.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €19,942 | €18,843 | -€1,099 | -5.5% |
| Recurring financial charges | 65 | €19,942 | €18,843 | -€1,099 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,282 | €3,839 | +€19,121 | |
| Transfer from deferred taxes | 780 | €6,701 | €6,701 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€8,581 | €10,540 | +€19,121 | |
| Transfer from tax-exempt reserves | 789 | €20,102 | €20,102 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,521 | €30,642 | +€19,121 | +166.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.