IMMO BORRENS: 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 BORRENS
Largest movements
- Cash +€16,289
up €16,289 (+99.1%), from €16,434 to €32,723
mainly Depreciation (+€7,965) and Net result for the year (+€5,598)
- Tangible fixed assets -€7,965
down €7,965 (-5.6%), from €143,293 to €135,328
of which Land and buildings: -€7,965
- Profit (loss) carried forward +€5,598
up €5,598 (+36.9%), from €15,167 to €20,765
- Gross operating margin +€1,264
up €1,264 (+8.4%), from €15,015 to €16,279
- Financial charges -€640
no longer reported in 2025 (was €640)
- Taxes +€559
up €559 (+26.8%), from €2,082 to €2,641
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 | €179,714 | €186,411 | +€6,697 | +3.7% |
| Fixed assets | 21/28 | €143,293 | €135,328 | -€7,965 | -5.6% |
| Tangible fixed assets | 22/27 | €143,293 | €135,328 | -€7,965 | -5.6% |
| Land and buildings | 22 | €135,804 | €127,839 | -€7,965 | -5.9% |
| Assets under construction and advance payments | 27 | €7,489 | €7,489 | = | 0.0% |
| Current assets | 29/58 | €36,421 | €51,083 | +€14,662 | +40.3% |
| Amounts receivable within one year | 40/41 | €19,987 | €18,360 | -€1,627 | -8.1% |
| Trade receivables | 40 | €18,300 | €18,300 | = | 0.0% |
| Other amounts receivable | 41 | €1,687 | €60 | -€1,627 | -96.4% |
| Cash at bank and in hand | 54/58 | €16,434 | €32,723 | +€16,289 | +99.1% |
| Total equity and liabilities | 10/49 | €179,714 | €186,411 | +€6,697 | +3.7% |
| Equity | 10/15 | €144,167 | €149,765 | +€5,598 | +3.9% |
| Contributions | 10/11 | €129,000 | €129,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,167 | €20,765 | +€5,598 | +36.9% |
| Amounts payable | 17/49 | €35,547 | €36,646 | +€1,099 | +3.1% |
| Amounts payable within one year | 42/48 | €35,547 | €36,646 | +€1,099 | +3.1% |
| Trade debts | 44 | - | €686 | +€686 | |
| Suppliers | 440/4 | - | €686 | +€686 | |
| Taxes, remuneration and social security | 45 | €2,072 | €2,642 | +€570 | +27.5% |
| Taxes | 450/3 | €2,072 | €2,642 | +€570 | +27.5% |
| Other amounts payable | 47/48 | €33,475 | €33,318 | -€157 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,965 | €7,965 | = | 0.0% |
| Other operating charges | 640/8 | €104 | €75 | -€29 | -27.9% |
| Gross operating margin | 9900 | €15,015 | €16,279 | +€1,264 | +8.4% |
| Operating profit (loss) | 9901 | €6,946 | €8,239 | +€1,293 | +18.6% |
| Financial charges | 65/66B | €640 | - | -€640 | |
| Recurring financial charges | 65 | €640 | - | -€640 | |
| Profit (loss) for the period before taxes | 9903 | €6,306 | €8,239 | +€1,933 | +30.7% |
| Income taxes | 67/77 | €2,082 | €2,641 | +€559 | +26.8% |
| Profit (loss) for the period | 9904 | €4,224 | €5,598 | +€1,374 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,224 | €5,598 | +€1,374 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.