IMMO-BO: 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-BO
Largest movements
- Tangible fixed assets +€295,194
up €295,194 (+1159.8%), from €25,451 to €320,645
- Cash -€293,731
down €293,731 (-41.4%), from €709,891 to €416,161
mainly Investment in fixed assets (net) (-€304,255) and Deferred charges and accrued income (-€3,247)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€637,538
down €637,538 (-98.5%), from €647,316 to €9,778
- Financial income +€9,157
up €9,157 (+8037.0%), from €114 to €9,270
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 | €735,451 | €740,162 | +€4,710 | +0.6% |
| Fixed assets | 21/28 | €25,451 | €320,645 | +€295,194 | +1159.8% |
| Tangible fixed assets | 22/27 | €25,451 | €320,645 | +€295,194 | +1159.8% |
| Land and buildings | 22 | €25,451 | €320,645 | +€295,194 | +1159.8% |
| Current assets | 29/58 | €710,000 | €419,516 | -€290,484 | -40.9% |
| Amounts receivable within one year | 40/41 | €109 | €109 | = | 0.0% |
| Other amounts receivable | 41 | €109 | €109 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €709,891 | €416,161 | -€293,731 | -41.4% |
| Deferred charges and accrued income | 490/1 | - | €3,247 | +€3,247 | |
| Total equity and liabilities | 10/49 | €735,451 | €740,162 | +€4,710 | +0.6% |
| Equity | 10/15 | €574,292 | €576,741 | +€2,449 | +0.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €479,842 | €475,764 | -€4,078 | -0.8% |
| Tax-exempt reserves | 132 | €476,328 | €472,250 | -€4,078 | -0.9% |
| Distributable reserves | 133 | €3,514 | €3,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,449 | €81,977 | +€6,527 | +8.7% |
| Provisions and deferred taxes | 16 | €158,776 | €157,417 | -€1,359 | -0.9% |
| Deferred taxes | 168 | €158,776 | €157,417 | -€1,359 | -0.9% |
| Amounts payable | 17/49 | €2,384 | €6,004 | +€3,621 | +151.9% |
| Amounts payable within one year | 42/48 | €2,384 | €6,004 | +€3,621 | +151.9% |
| Trade debts | 44 | €141 | €1,735 | +€1,594 | +1134.6% |
| Suppliers | 440/4 | €141 | €1,735 | +€1,594 | +1134.6% |
| Taxes, remuneration and social security | 45 | €2,243 | €4,270 | +€2,026 | +90.3% |
| Taxes | 450/3 | €2,243 | €4,270 | +€2,026 | +90.3% |
| Non-recurring operating income | 76A | €635,104 | €0 | -€635,104 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,327 | €9,061 | +€5,734 | +172.3% |
| Other operating charges | 640/8 | €525 | €4,658 | +€4,133 | +787.3% |
| Gross operating margin | 9900 | €647,316 | €9,778 | -€637,538 | -98.5% |
| Operating profit (loss) | 9901 | €643,464 | -€3,941 | -€647,405 | |
| Financial income | 75/76B | €114 | €9,270 | +€9,157 | +8037.0% |
| Recurring financial income | 75 | €114 | €9,270 | +€9,157 | +8037.0% |
| Financial charges | 65/66B | - | €7 | +€7 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Profit (loss) for the period before taxes | 9903 | €643,578 | €5,323 | -€638,255 | -99.2% |
| Transfer from deferred taxes | 780 | - | €1,359 | +€1,359 | |
| Transfer to deferred taxes | 680 | €158,776 | €0 | -€158,776 | -100.0% |
| Income taxes | 67/77 | €2,260 | €4,233 | +€1,973 | +87.3% |
| Profit (loss) for the period | 9904 | €482,542 | €2,449 | -€480,092 | -99.5% |
| Transfer from tax-exempt reserves | 789 | - | €4,078 | +€4,078 | |
| Transfer to tax-exempt reserves | 689 | €476,328 | €0 | -€476,328 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,213 | €6,527 | +€314 | +5.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.