IMMO BM: 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 BM
Largest movements
- Stocks and contracts -€3.7m
down €3.7m (-100.0%), from €3.7m to €0
- Cash +€281,485
up €281,485 (+118.2%), from €238,089 to €519,574
mainly Stocks and contracts (+€3.7m) and Net result for the year (+€540,992)
- Advances received -€4.2m
down €4.2m (-100.0%), from €4.2m to €0
- Reserves +€530,990
new in 2025: €530,990
- Tax, wage and social debts +€265,813
up €265,813, from €0 to €265,813
- Gross operating margin +€810,631
up €810,631, from -€124 to €810,508
- Taxes +€265,813
new in 2025: €265,813
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 | €4,249,776 | €820,115 | -€3.4m | -80.7% |
| Current assets | 29/58 | €4,249,776 | €820,115 | -€3.4m | -80.7% |
| Stocks and contracts in progress | 3 | €3,710,240 | €0 | -€3.7m | -100.0% |
| Stocks | 30/36 | €3,710,240 | €0 | -€3.7m | -100.0% |
| Amounts receivable within one year | 40/41 | €301,447 | €300,541 | -€906 | -0.3% |
| Trade receivables | 40 | €949 | €0 | -€949 | -100.0% |
| Other amounts receivable | 41 | €300,498 | €300,541 | +€43 | 0.0% |
| Cash at bank and in hand | 54/58 | €238,089 | €519,574 | +€281,485 | +118.2% |
| Total equity and liabilities | 10/49 | €4,249,776 | €820,115 | -€3.4m | -80.7% |
| Equity | 10/15 | €8,598 | €549,590 | +€540,992 | +6291.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €530,990 | +€530,990 | |
| Distributable reserves | 133 | - | €530,990 | +€530,990 | |
| Profit (loss) carried forward | 14 | -€10,002 | €0 | +€10,002 | |
| Provisions and deferred taxes | 16 | - | €2,654 | +€2,654 | |
| Provisions for liabilities and charges | 160/5 | - | €2,654 | +€2,654 | |
| Other liabilities and charges | 164/5 | - | €2,654 | +€2,654 | |
| Amounts payable | 17/49 | €4,241,178 | €267,871 | -€4.0m | -93.7% |
| Amounts payable within one year | 42/48 | €4,241,178 | €267,871 | -€4.0m | -93.7% |
| Trade debts | 44 | €4,092 | €1,951 | -€2,141 | -52.3% |
| Suppliers | 440/4 | €4,092 | €1,951 | -€2,141 | -52.3% |
| Advances received on contracts in progress | 46 | €4,236,979 | €0 | -€4.2m | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €265,813 | +€265,813 | |
| Taxes | 450/3 | €0 | €265,813 | +€265,813 | |
| Other amounts payable | 47/48 | €107 | €107 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €949 | +€949 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,654 | +€2,654 | |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | -€124 | €810,508 | +€810,631 | |
| Operating profit (loss) | 9901 | -€124 | €806,805 | +€806,928 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | -€124 | €806,805 | +€806,928 | |
| Income taxes | 67/77 | - | €265,813 | +€265,813 | |
| Profit (loss) for the period | 9904 | -€124 | €540,992 | +€541,115 | |
| Profit (loss) for the period to be appropriated | 9905 | -€124 | €540,992 | +€541,115 |
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 5 October 2026 via checked.be.