IMMO BERDY: 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 BERDY
Largest movements
- Stocks and contracts -€250,727
down €250,727 (-100%), from €250,727 to €0
- Receivables after one year +€230,934
new in 2025: €230,934
- Tangible fixed assets -€163,898
down €163,898 (-21.7%), from €755,892 to €591,994
- Receivables within one year -€67,660
down €67,660 (-86.8%), from €77,922 to €10,262
of which Trade receivables: -€68,031
- Cash -€17,841
down €17,841 (-13.8%), from €128,859 to €111,018
mainly Receivables after one year (-€230,934) and Debts after one year (-€189,383)
- Debts after one year -€189,383
down €189,383 (-21.9%), from €863,765 to €674,382
of which Financial debts: -€100,783
- Trade debts -€56,599
down €56,599 (-90.9%), from €62,263 to €5,664
- Other debts +€34,459
up €34,459 (+1,010%), from €3,413 to €37,872
- Current portion of long-term debt -€27,437
down €27,437 (-27.7%), from €99,105 to €71,668
- Gross operating margin -€71,810
down €71,810 (-32.8%), from €218,653 to €146,843
- Staff costs -€51,622
down €51,622 (-99.7%), from €51,765 to €143
- Depreciation -€31,670
down €31,670 (-25.2%), from €125,912 to €94,242
- Financial charges +€11,102
up €11,102 (+72.1%), from €15,394 to €26,497
- Financial income +€6,417
up €6,417 (+1,127%), from €569 to €6,986
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 | €1,265,514 | €1,004,278 | -€261,236 | -20.6% |
| Fixed assets | 21/28 | €755,892 | €591,994 | -€163,898 | -21.7% |
| Tangible fixed assets | 22/27 | €755,892 | €591,994 | -€163,898 | -21.7% |
| Plant, machinery and equipment | 23 | €40,516 | €337 | -€40,179 | -99.2% |
| Furniture and vehicles | 24 | €74,553 | €29,204 | -€45,349 | -60.8% |
| Leasing and similar rights | 25 | €566,191 | €499,003 | -€67,188 | -11.9% |
| Other tangible fixed assets | 26 | €74,632 | €63,450 | -€11,182 | -15.0% |
| Current assets | 29/58 | €509,622 | €412,284 | -€97,338 | -19.1% |
| Amounts receivable after more than one year | 29 | - | €230,934 | +€230,934 | |
| Other amounts receivable | 291 | - | €230,934 | +€230,934 | |
| Stocks and contracts in progress | 3 | €250,727 | €0 | -€250,727 | -100% |
| Stocks | 30/36 | €250,727 | €0 | -€250,727 | -100% |
| Amounts receivable within one year | 40/41 | €77,922 | €10,262 | -€67,660 | -86.8% |
| Trade receivables | 40 | €74,367 | €6,336 | -€68,031 | -91.5% |
| Other amounts receivable | 41 | €3,555 | €3,926 | +€371 | +10.4% |
| Current investments | 50/53 | €48,927 | €58,815 | +€9,888 | +20.2% |
| Cash at bank and in hand | 54/58 | €128,859 | €111,018 | -€17,841 | -13.8% |
| Deferred charges and accrued income | 490/1 | €3,187 | €1,255 | -€1,932 | -60.6% |
| Total equity and liabilities | 10/49 | €1,265,514 | €1,004,278 | -€261,236 | -20.6% |
| Equity | 10/15 | €200,497 | €194,703 | -€5,794 | -2.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €139,477 | €133,683 | -€5,794 | -4.2% |
| Non-distributable reserves | 130/1 | €6,000 | €0 | -€6,000 | -100% |
| Reserves not available under the articles | 1311 | €6,000 | €0 | -€6,000 | -100% |
| Distributable reserves | 133 | €133,477 | €133,683 | +€206 | +0.2% |
| Profit (loss) carried forward | 14 | €1,020 | €1,020 | = | 0.0% |
| Amounts payable | 17/49 | €1,065,017 | €809,575 | -€255,442 | -24.0% |
| Amounts payable after more than one year | 17 | €863,765 | €674,382 | -€189,383 | -21.9% |
| Financial debts | 170/4 | €473,765 | €372,982 | -€100,783 | -21.3% |
| Other amounts payable | 178/9 | €390,000 | €301,400 | -€88,600 | -22.7% |
| Amounts payable within one year | 42/48 | €180,173 | €124,580 | -€55,593 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €99,105 | €71,668 | -€27,437 | -27.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €62,263 | €5,664 | -€56,599 | -90.9% |
| Suppliers | 440/4 | €62,263 | €5,664 | -€56,599 | -90.9% |
| Taxes, remuneration and social security | 45 | €15,393 | €9,375 | -€6,017 | -39.1% |
| Taxes | 450/3 | €6,366 | €8,122 | +€1,756 | +27.6% |
| Remuneration and social security | 454/9 | €9,026 | €1,253 | -€7,774 | -86.1% |
| Other amounts payable | 47/48 | €3,413 | €37,872 | +€34,459 | +1,010% |
| Accrued charges and deferred income | 492/3 | €21,079 | €10,613 | -€10,466 | -49.7% |
| Non-recurring operating income | 76A | €4,111 | €145,344 | +€141,233 | +3,435% |
| Remuneration, social security and pensions | 62 | €51,765 | €143 | -€51,622 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,912 | €94,242 | -€31,670 | -25.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,404 | €9,576 | +€172 | +1.8% |
| Gross operating margin | 9900 | €218,653 | €146,843 | -€71,810 | -32.8% |
| Operating profit (loss) | 9901 | €31,573 | €42,882 | +€11,309 | +35.8% |
| Financial income | 75/76B | €569 | €6,986 | +€6,417 | +1,127% |
| Recurring financial income | 75 | €569 | €6,986 | +€6,417 | +1,127% |
| Financial charges | 65/66B | €15,394 | €26,497 | +€11,102 | +72.1% |
| Recurring financial charges | 65 | €15,394 | €26,497 | +€11,102 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €16,748 | €23,372 | +€6,624 | +39.5% |
| Income taxes | 67/77 | €6,950 | €6,427 | -€523 | -7.5% |
| Profit (loss) for the period | 9904 | €9,798 | €16,944 | +€7,147 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,798 | €16,944 | +€7,147 | +72.9% |
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 16 October 2026 via checked.be.