IMMO BLUCHER: 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 BLUCHER
Largest movements
- Cash -€392,316
down €392,316 (-59.7%), from €656,605 to €264,289
mainly Current investments (-€286,967) and Receivables within one year (-€156,715)
- Current investments +€286,967
up €286,967 (+6.4%), from €4.5m to €4.8m
- Receivables within one year +€156,715
up €156,715 (+4.1%), from €3.8m to €4.0m
of which Other amounts receivable: +€156,715
No liability line moved by more than 1% of the balance sheet total.
- Purchases and services +€145,875
up €145,875 (+1601.3%), from €9,110 to €154,985
- Financial charges -€34,998
down €34,998 (-6.8%), from €512,398 to €477,400
- Taxes +€9,313
up €9,313 (+177.2%), from €5,256 to €14,570
- Gross operating margin -€6,465
down €6,465 (-3.7%), from €173,369 to €166,904
- Financial income -€5,230
down €5,230 (-1.6%), from €330,267 to €325,037
of which Financial income: -€5,619
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 | €13,781,254 | €13,990,070 | +€208,816 | +1.5% |
| Fixed assets | 21/28 | €4,775,040 | €4,775,429 | +€389 | 0.0% |
| Tangible fixed assets | 22/27 | €205,355 | €205,355 | = | 0.0% |
| Land and buildings | 22 | €205,355 | €205,355 | = | 0.0% |
| Financial fixed assets | 28 | €4,569,685 | €4,570,074 | +€389 | 0.0% |
| Current assets | 29/58 | €9,006,214 | €9,214,641 | +€208,427 | +2.3% |
| Stocks and contracts in progress | 3 | - | €139,410 | +€139,410 | |
| Stocks | 30/36 | - | €139,410 | +€139,410 | |
| Amounts receivable within one year | 40/41 | €3,814,291 | €3,971,006 | +€156,715 | +4.1% |
| Trade receivables | 40 | €54,450 | €54,450 | = | 0.0% |
| Other amounts receivable | 41 | €3,759,841 | €3,916,556 | +€156,715 | +4.2% |
| Current investments | 50/53 | €4,516,916 | €4,803,883 | +€286,967 | +6.4% |
| Cash at bank and in hand | 54/58 | €656,605 | €264,289 | -€392,316 | -59.7% |
| Deferred charges and accrued income | 490/1 | €18,402 | €36,053 | +€17,651 | +95.9% |
| Total equity and liabilities | 10/49 | €13,781,254 | €13,990,070 | +€208,816 | +1.5% |
| Equity | 10/15 | €7,360,547 | €7,378,815 | +€18,268 | +0.2% |
| Contributions | 10/11 | €557,934 | €557,934 | = | 0.0% |
| Capital | 10 | €557,934 | €557,934 | = | 0.0% |
| Issued capital | 100 | €557,934 | €557,934 | = | 0.0% |
| Reserves | 13 | €55,793 | €55,793 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,793 | €55,793 | = | 0.0% |
| Legal reserve | 130 | €55,793 | €55,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,746,820 | €6,765,088 | +€18,268 | +0.3% |
| Provisions and deferred taxes | 16 | €804,336 | €775,380 | -€28,956 | -3.6% |
| Provisions for liabilities and charges | 160/5 | €804,336 | €775,380 | -€28,956 | -3.6% |
| Pensions and similar obligations | 160 | €804,336 | €775,380 | -€28,956 | -3.6% |
| Amounts payable | 17/49 | €5,616,370 | €5,835,875 | +€219,505 | +3.9% |
| Amounts payable within one year | 42/48 | €5,591,975 | €5,801,954 | +€209,979 | +3.8% |
| Financial debts | 43 | €4,652,849 | €4,729,853 | +€77,004 | +1.7% |
| Credit institutions | 430/8 | €2,560,000 | €2,560,000 | = | 0.0% |
| Other loans | 439 | €2,092,849 | €2,169,853 | +€77,004 | +3.7% |
| Trade debts | 44 | €2,959 | €138,226 | +€135,268 | +4571.7% |
| Suppliers | 440/4 | €2,959 | €138,226 | +€135,268 | +4571.7% |
| Taxes, remuneration and social security | 45 | €12,860 | €13,404 | +€545 | +4.2% |
| Taxes | 450/3 | €12,860 | €13,404 | +€545 | +4.2% |
| Other amounts payable | 47/48 | €923,308 | €920,470 | -€2,837 | -0.3% |
| Accrued charges and deferred income | 492/3 | €24,395 | €33,920 | +€9,525 | +39.0% |
| Turnover | 70 | €182,479 | €182,479 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,110 | €154,985 | +€145,875 | +1601.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€29,844 | -€28,956 | +€888 | +3.0% |
| Other operating charges | 640/8 | €10,255 | €10,659 | +€404 | +3.9% |
| Gross operating margin | 9900 | €173,369 | €166,904 | -€6,465 | -3.7% |
| Operating profit (loss) | 9901 | €192,958 | €185,200 | -€7,758 | -4.0% |
| Financial income | 75/76B | €330,267 | €325,037 | -€5,230 | -1.6% |
| Recurring financial income | 75 | €330,267 | €324,648 | -€5,619 | -1.7% |
| Non-recurring financial income | 76B | - | €389 | +€389 | |
| Financial charges | 65/66B | €512,398 | €477,400 | -€34,998 | -6.8% |
| Recurring financial charges | 65 | €512,398 | €477,400 | -€34,998 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €10,827 | €32,837 | +€22,010 | +203.3% |
| Income taxes | 67/77 | €5,256 | €14,570 | +€9,313 | +177.2% |
| Profit (loss) for the period | 9904 | €5,571 | €18,268 | +€12,697 | +227.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,571 | €18,268 | +€12,697 | +227.9% |
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 12 October 2026 via checked.be.