IMMO BRAINE: 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.
What changed
IMMO BRAINE
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€33,542
2024 · -€182,853+€149,312
Equity
€281,906
2024 · €343,984-€62,078
Cash
€12,877
2024 · €7,617+€5,259
Balance sheet total
€5.7m
2024 · €5.8m-€118,235
Largest movements
Assets
- Tangible fixed assets -€167,263
down €167,263 (-3.1%), from €5.5m to €5.3m
Equity and liabilities
- Debts after one year -€289,474
down €289,474 (-7.1%), from €4.1m to €3.8m
- Other debts +€230,759
up €230,759 (+25.9%), from €892,635 to €1.1m
- Revaluation surpluses -€119,893
down €119,893 (-8.8%), from €1.4m to €1.2m
- Reserves +€119,893
up €119,893 (+30,266%), from €396 to €120,289
of which Distributable reserves: +€119,893
Income statement
- Provisions -€125,128
down €125,128 (-81.4%), from €153,664 to €28,536
- Gross operating margin +€27,616
up €27,616 (+14.8%), from €186,609 to €214,226
- Financial income -€3,196
down €3,196 (-10.1%), from €31,732 to €28,536
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.
Result 2024
-€182,853
Gross operating margin
+€27,616
Provisions
+€125,128
Other operating charges
-€374
Financial income
-€3,196
Financial charges
+€138
Result 2025
-€33,542
raises the resultlowers the result
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.
From operations
+€323,269
Investment
€0
Financing
-€318,010
Cash 2024
€7,617
From operations (derived)
+€323,269
Net result for the year
-€33,542
Depreciation
+€167,263
Receivables within one year
-€43,596
Deferred charges and accrued income
-€174
Provisions
+€28,536
Trade debts
-€4,128
Other debts
+€230,759
Accrued charges and deferred income
-€21,851
Financing
-€318,010
Debts after one year
-€289,474
Contributions, distributions and other
-€28,536
Cash 2025
€12,877
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,832,489 | €5,714,255 | -€118,235 | -2.0% |
| Fixed assets | 21/28 | €5,455,473 | €5,288,210 | -€167,263 | -3.1% |
| Tangible fixed assets | 22/27 | €5,455,473 | €5,288,210 | -€167,263 | -3.1% |
| Land and buildings | 22 | €5,455,473 | €5,288,210 | -€167,263 | -3.1% |
| Current assets | 29/58 | €377,016 | €426,045 | +€49,029 | +13.0% |
| Amounts receivable within one year | 40/41 | €368,501 | €412,097 | +€43,596 | +11.8% |
| Trade receivables | 40 | €25,381 | €67,786 | +€42,405 | +167% |
| Other amounts receivable | 41 | €343,120 | €344,311 | +€1,191 | +0.3% |
| Cash at bank and in hand | 54/58 | €7,617 | €12,877 | +€5,259 | +69.0% |
| Deferred charges and accrued income | 490/1 | €897 | €1,071 | +€174 | +19.3% |
| Total equity and liabilities | 10/49 | €5,832,489 | €5,714,255 | -€118,235 | -2.0% |
| Equity | 10/15 | €343,984 | €281,906 | -€62,078 | -18.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,357,279 | €1,237,385 | -€119,893 | -8.8% |
| Reserves | 13 | €396 | €120,289 | +€119,893 | +30,266% |
| Non-distributable reserves | 130/1 | €396 | €396 | = | 0.0% |
| Legal reserve | 130 | €396 | €396 | = | 0.0% |
| Distributable reserves | 133 | - | €119,893 | +€119,893 | |
| Profit (loss) carried forward | 14 | -€1,353,147 | -€1,386,689 | -€33,542 | -2.5% |
| Investment grants | 15 | €189,456 | €160,920 | -€28,536 | -15.1% |
| Provisions and deferred taxes | 16 | €153,664 | €182,200 | +€28,536 | +18.6% |
| Provisions for liabilities and charges | 160/5 | €153,664 | €182,200 | +€28,536 | +18.6% |
| Other liabilities and charges | 164/5 | €153,664 | €182,200 | +€28,536 | +18.6% |
| Amounts payable | 17/49 | €5,334,841 | €5,250,148 | -€84,693 | -1.6% |
| Amounts payable after more than one year | 17 | €4,076,754 | €3,787,280 | -€289,474 | -7.1% |
| Financial debts | 170/4 | €4,076,754 | €3,787,280 | -€289,474 | -7.1% |
| Amounts payable within one year | 42/48 | €1,236,236 | €1,462,868 | +€226,632 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €289,474 | €289,474 | = | 0.0% |
| Trade debts | 44 | €54,128 | €50,000 | -€4,128 | -7.6% |
| Suppliers | 440/4 | €54,128 | €50,000 | -€4,128 | -7.6% |
| Other amounts payable | 47/48 | €892,635 | €1,123,394 | +€230,759 | +25.9% |
| Accrued charges and deferred income | 492/3 | €21,851 | €0 | -€21,851 | -100% |
| Non-recurring operating income | 76A | - | €2,065 | +€2,065 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,263 | €167,263 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €153,664 | €28,536 | -€125,128 | -81.4% |
| Other operating charges | 640/8 | €22,953 | €23,327 | +€374 | +1.6% |
| Gross operating margin | 9900 | €186,609 | €214,226 | +€27,616 | +14.8% |
| Operating profit (loss) | 9901 | -€157,271 | -€4,900 | +€152,370 | +96.9% |
| Financial income | 75/76B | €31,732 | €28,536 | -€3,196 | -10.1% |
| Recurring financial income | 75 | €31,732 | €28,536 | -€3,196 | -10.1% |
| Financial charges | 65/66B | €57,315 | €57,177 | -€138 | -0.2% |
| Recurring financial charges | 65 | €57,315 | €57,177 | -€138 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€182,853 | -€33,542 | +€149,312 | +81.7% |
| Profit (loss) for the period | 9904 | -€182,853 | -€33,542 | +€149,312 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,853 | -€33,542 | +€149,312 | +81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.