Immo Bis: 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 Bis
Largest movements
- Receivables after one year +€342,185
up €342,185 (+674.6%), from €50,727 to €392,911
- Tangible fixed assets -€133,213
down €133,213 (-13.8%), from €963,955 to €830,742
of which Other tangible fixed assets: -€109,436
- Receivables within one year -€59,853
down €59,853 (-31.4%), from €190,629 to €130,776
of which Trade receivables: -€95,100
- Cash +€54,623
up €54,623 (+41.0%), from €133,385 to €188,008
mainly Net result for the year (+€281,166) and Depreciation (+€137,238)
- Intangible fixed assets +€18,457
up €18,457 (+218.3%), from €8,456 to €26,913
- Current portion of long-term debt +€106,399
new in 2025: €106,399
- Other debts +€99,551
up €99,551 (+53.0%), from €187,853 to €287,404
- Tax, wage and social debts -€30,870
down €30,870 (-63.1%), from €48,906 to €18,035
of which Taxes: -€28,294
- Trade debts +€28,019
up €28,019 (+19.6%), from €142,608 to €170,627
- Debts after one year +€20,643
up €20,643 (+4.1%), from €502,959 to €523,601
of which Financial debts: +€523,601
- Gross operating margin +€103,513
up €103,513 (+17.2%), from €601,735 to €705,248
- Taxes +€30,102
up €30,102 (+43.2%), from €69,652 to €99,754
- Staff costs -€20,129
down €20,129 (-15.8%), from €127,524 to €107,396
- Financial charges -€7,655
down €7,655 (-28.7%), from €26,652 to €18,997
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 | €1,354,182 | €1,577,923 | +€223,741 | +16.5% |
| Fixed assets | 21/28 | €972,411 | €857,655 | -€114,756 | -11.8% |
| Intangible fixed assets | 21 | €8,456 | €26,913 | +€18,457 | +218.3% |
| Tangible fixed assets | 22/27 | €963,955 | €830,742 | -€133,213 | -13.8% |
| Land and buildings | 22 | €86,841 | €85,910 | -€931 | -1.1% |
| Plant, machinery and equipment | 23 | €1,967 | €1,021 | -€947 | -48.1% |
| Furniture and vehicles | 24 | €63,353 | €41,454 | -€21,899 | -34.6% |
| Other tangible fixed assets | 26 | €811,794 | €702,358 | -€109,436 | -13.5% |
| Current assets | 29/58 | €381,771 | €720,267 | +€338,497 | +88.7% |
| Amounts receivable after more than one year | 29 | €50,727 | €392,911 | +€342,185 | +674.6% |
| Other amounts receivable | 291 | €50,727 | €392,911 | +€342,185 | +674.6% |
| Amounts receivable within one year | 40/41 | €190,629 | €130,776 | -€59,853 | -31.4% |
| Trade receivables | 40 | €157,781 | €62,681 | -€95,100 | -60.3% |
| Other amounts receivable | 41 | €32,848 | €68,095 | +€35,247 | +107.3% |
| Cash at bank and in hand | 54/58 | €133,385 | €188,008 | +€54,623 | +41.0% |
| Deferred charges and accrued income | 490/1 | €7,030 | €8,572 | +€1,542 | +21.9% |
| Total equity and liabilities | 10/49 | €1,354,182 | €1,577,923 | +€223,741 | +16.5% |
| Equity | 10/15 | €471,857 | €471,857 | = | 0.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €346,857 | €346,857 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €334,357 | €334,357 | = | 0.0% |
| Amounts payable | 17/49 | €882,325 | €1,106,066 | +€223,741 | +25.4% |
| Amounts payable after more than one year | 17 | €502,959 | €523,601 | +€20,643 | +4.1% |
| Financial debts | 170/4 | - | €523,601 | +€523,601 | |
| Other amounts payable | 178/9 | €502,959 | - | -€502,959 | |
| Amounts payable within one year | 42/48 | €379,367 | €582,465 | +€203,098 | +53.5% |
| Current portion of amounts payable after more than one year | 42 | - | €106,399 | +€106,399 | |
| Trade debts | 44 | €142,608 | €170,627 | +€28,019 | +19.6% |
| Suppliers | 440/4 | €142,608 | €170,627 | +€28,019 | +19.6% |
| Taxes, remuneration and social security | 45 | €48,906 | €18,035 | -€30,870 | -63.1% |
| Taxes | 450/3 | €32,103 | €3,809 | -€28,294 | -88.1% |
| Remuneration and social security | 454/9 | €16,802 | €14,226 | -€2,576 | -15.3% |
| Other amounts payable | 47/48 | €187,853 | €287,404 | +€99,551 | +53.0% |
| Remuneration, social security and pensions | 62 | €127,524 | €107,396 | -€20,129 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,239 | €137,238 | -€7,001 | -4.9% |
| Other operating charges | 640/8 | €48,817 | €54,131 | +€5,315 | +10.9% |
| Non-recurring operating charges | 66A | €52 | €8,943 | +€8,891 | +16954.2% |
| Gross operating margin | 9900 | €601,735 | €705,248 | +€103,513 | +17.2% |
| Operating profit (loss) | 9901 | €281,103 | €397,540 | +€116,437 | +41.4% |
| Financial income | 75/76B | €3,271 | €2,376 | -€894 | -27.3% |
| Recurring financial income | 75 | €3,271 | €2,376 | -€894 | -27.3% |
| Financial charges | 65/66B | €26,652 | €18,997 | -€7,655 | -28.7% |
| Recurring financial charges | 65 | €26,652 | €18,997 | -€7,655 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €257,722 | €380,920 | +€123,198 | +47.8% |
| Income taxes | 67/77 | €69,652 | €99,754 | +€30,102 | +43.2% |
| Profit (loss) for the period | 9904 | €188,070 | €281,166 | +€93,096 | +49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €188,070 | €281,166 | +€93,096 | +49.5% |
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 7 October 2026 via checked.be.