IMMO-BOURBON: 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-BOURBON
Largest movements
- Tangible fixed assets -€25,909
down €25,909 (-6.9%), from €376,548 to €350,639
- Receivables within one year +€6,000
up €6,000 (+223.6%), from €2,683 to €8,683
of which Trade receivables: +€6,000
- Debts after one year -€35,004
down €35,004 (-70.7%), from €49,509 to €14,505
- Other debts +€9,000
up €9,000 (+4.1%), from €220,451 to €229,451
- Accrued charges and deferred income +€4,226
up €4,226 (+112.4%), from €3,761 to €7,988
- Gross operating margin -€3,663
down €3,663 (-9.5%), from €38,679 to €35,015
- Financial charges -€2,854
down €2,854 (-51.6%), from €5,531 to €2,677
- Other operating charges -€645
down €645 (-11.6%), from €5,572 to €4,928
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 | €379,724 | €359,864 | -€19,860 | -5.2% |
| Fixed assets | 21/28 | €376,548 | €350,639 | -€25,909 | -6.9% |
| Tangible fixed assets | 22/27 | €376,548 | €350,639 | -€25,909 | -6.9% |
| Land and buildings | 22 | €376,548 | €350,639 | -€25,909 | -6.9% |
| Current assets | 29/58 | €3,176 | €9,225 | +€6,049 | +190.4% |
| Amounts receivable within one year | 40/41 | €2,683 | €8,683 | +€6,000 | +223.6% |
| Trade receivables | 40 | €0 | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €2,683 | €2,683 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €493 | €542 | +€49 | +9.9% |
| Total equity and liabilities | 10/49 | €379,724 | €359,864 | -€19,860 | -5.2% |
| Equity | 10/15 | €57,167 | €58,950 | +€1,783 | +3.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,833 | -€241,050 | +€1,783 | +0.7% |
| Amounts payable | 17/49 | €322,556 | €300,913 | -€21,643 | -6.7% |
| Amounts payable after more than one year | 17 | €49,509 | €14,505 | -€35,004 | -70.7% |
| Financial debts | 170/4 | €49,509 | €14,505 | -€35,004 | -70.7% |
| Amounts payable within one year | 42/48 | €269,286 | €278,421 | +€9,135 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €35,004 | €35,004 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,831 | €13,965 | +€135 | +1.0% |
| Suppliers | 440/4 | €13,831 | €13,965 | +€135 | +1.0% |
| Other amounts payable | 47/48 | €220,451 | €229,451 | +€9,000 | +4.1% |
| Accrued charges and deferred income | 492/3 | €3,761 | €7,988 | +€4,226 | +112.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,233 | €25,909 | -€324 | -1.2% |
| Other operating charges | 640/8 | €5,572 | €4,928 | -€645 | -11.6% |
| Gross operating margin | 9900 | €38,679 | €35,015 | -€3,663 | -9.5% |
| Operating profit (loss) | 9901 | €6,874 | €4,179 | -€2,695 | -39.2% |
| Financial income | 75/76B | - | €281 | +€281 | |
| Recurring financial income | 75 | - | €281 | +€281 | |
| Financial charges | 65/66B | €5,531 | €2,677 | -€2,854 | -51.6% |
| Recurring financial charges | 65 | €5,531 | €2,677 | -€2,854 | -51.6% |
| Profit (loss) for the period before taxes | 9903 | €1,342 | €1,783 | +€441 | +32.8% |
| Profit (loss) for the period | 9904 | €1,342 | €1,783 | +€441 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,342 | €1,783 | +€441 | +32.8% |
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 29 September 2026 via checked.be.