Immo Braem: 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 Braem
Largest movements
- Cash -€22,048
down €22,048 (-81.5%), from €27,067 to €5,019
mainly Net result for the year (-€40,726) and Deferred charges and accrued income (-€73)
- Receivables within one year -€9,598
down €9,598 (-98.8%), from €9,711 to €113
of which Other amounts receivable: -€9,711
- Tangible fixed assets -€6,362
down €6,362 (-4.6%), from €139,352 to €132,990
- Profit (loss) carried forward -€40,726
down €40,726 (-37.4%), from -€108,923 to -€149,649
- Trade debts +€2,791
up €2,791 (+478.5%), from €583 to €3,375
- Gross operating margin -€13,187
down €13,187 (-146.4%), from -€9,010 to -€22,197
- Other operating charges +€9,765
up €9,765 (+555.7%), from €1,757 to €11,522
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 | €177,234 | €139,299 | -€37,935 | -21.4% |
| Fixed assets | 21/28 | €139,352 | €132,990 | -€6,362 | -4.6% |
| Tangible fixed assets | 22/27 | €139,352 | €132,990 | -€6,362 | -4.6% |
| Land and buildings | 22 | €139,352 | €132,990 | -€6,362 | -4.6% |
| Current assets | 29/58 | €37,882 | €6,310 | -€31,573 | -83.3% |
| Amounts receivable within one year | 40/41 | €9,711 | €113 | -€9,598 | -98.8% |
| Trade receivables | 40 | - | €113 | +€113 | |
| Other amounts receivable | 41 | €9,711 | €0 | -€9,711 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,067 | €5,019 | -€22,048 | -81.5% |
| Deferred charges and accrued income | 490/1 | €1,105 | €1,178 | +€73 | +6.6% |
| Total equity and liabilities | 10/49 | €177,234 | €139,299 | -€37,935 | -21.4% |
| Equity | 10/15 | €176,651 | €135,925 | -€40,726 | -23.1% |
| Contributions | 10/11 | €285,573 | €285,573 | = | 0.0% |
| Capital | 10 | €285,573 | €285,573 | = | 0.0% |
| Issued capital | 100 | €285,573 | €285,573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,923 | -€149,649 | -€40,726 | -37.4% |
| Amounts payable | 17/49 | €583 | €3,375 | +€2,791 | +478.5% |
| Amounts payable within one year | 42/48 | €583 | €3,375 | +€2,791 | +478.5% |
| Trade debts | 44 | €583 | €3,375 | +€2,791 | +478.5% |
| Suppliers | 440/4 | €583 | €3,375 | +€2,791 | +478.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,362 | €6,362 | = | 0.0% |
| Other operating charges | 640/8 | €1,757 | €11,522 | +€9,765 | +555.7% |
| Gross operating margin | 9900 | -€9,010 | -€22,197 | -€13,187 | -146.4% |
| Operating profit (loss) | 9901 | -€17,128 | -€40,080 | -€22,952 | -134.0% |
| Financial charges | 65/66B | €542 | €646 | +€104 | +19.2% |
| Recurring financial charges | 65 | €542 | €646 | +€104 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,670 | -€40,726 | -€23,056 | -130.5% |
| Profit (loss) for the period | 9904 | -€17,670 | -€40,726 | -€23,056 | -130.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,670 | -€40,726 | -€23,056 | -130.5% |
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 4 October 2026 via checked.be.