IMMO BRAKO: 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 BRAKO
Largest movements
- Current investments +€67,112
new in 2025: €67,112
- Cash +€35,873
up €35,873 (+8.5%), from €424,035 to €459,908
mainly Net result for the year (+€66,038) and Tax, wage and social debts (+€23,623)
- Receivables within one year -€12,154
no longer reported in 2025 (was €12,154)
- Profit (loss) carried forward +€66,038
up €66,038 (+33.9%), from €194,814 to €260,852
- Tax, wage and social debts +€23,623
new in 2025: €23,623
- Gross operating margin -€4,705
down €4,705 (-4.4%), from €107,327 to €102,622
- Other operating charges +€1,374
up €1,374 (+13.1%), from €10,495 to €11,869
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 | €796,757 | €886,418 | +€89,661 | +11.3% |
| Fixed assets | 21/28 | €360,568 | €359,398 | -€1,170 | -0.3% |
| Tangible fixed assets | 22/27 | €360,568 | €359,398 | -€1,170 | -0.3% |
| Land and buildings | 22 | €360,568 | €359,398 | -€1,170 | -0.3% |
| Current assets | 29/58 | €436,189 | €527,020 | +€90,831 | +20.8% |
| Amounts receivable within one year | 40/41 | €12,154 | - | -€12,154 | |
| Other amounts receivable | 41 | €12,154 | - | -€12,154 | |
| Current investments | 50/53 | - | €67,112 | +€67,112 | |
| Cash at bank and in hand | 54/58 | €424,035 | €459,908 | +€35,873 | +8.5% |
| Total equity and liabilities | 10/49 | €796,757 | €886,418 | +€89,661 | +11.3% |
| Equity | 10/15 | €796,757 | €862,795 | +€66,038 | +8.3% |
| Contributions | 10/11 | €96,545 | €96,545 | = | 0.0% |
| Revaluation surpluses | 12 | €232,000 | €232,000 | = | 0.0% |
| Reserves | 13 | €273,398 | €273,398 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,654 | €9,654 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,654 | €9,654 | = | 0.0% |
| Distributable reserves | 133 | €263,744 | €263,744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,814 | €260,852 | +€66,038 | +33.9% |
| Amounts payable | 17/49 | - | €23,623 | +€23,623 | |
| Amounts payable within one year | 42/48 | - | €23,623 | +€23,623 | |
| Taxes, remuneration and social security | 45 | - | €23,623 | +€23,623 | |
| Taxes | 450/3 | - | €23,623 | +€23,623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,170 | €1,170 | = | 0.0% |
| Other operating charges | 640/8 | €10,495 | €11,869 | +€1,374 | +13.1% |
| Gross operating margin | 9900 | €107,327 | €102,622 | -€4,705 | -4.4% |
| Operating profit (loss) | 9901 | €95,663 | €89,584 | -€6,079 | -6.4% |
| Financial income | 75/76B | €1,201 | €1,271 | +€70 | +5.8% |
| Recurring financial income | 75 | €1,201 | €1,271 | +€70 | +5.8% |
| Financial charges | 65/66B | €51 | €812 | +€761 | +1495.8% |
| Recurring financial charges | 65 | €51 | €812 | +€761 | +1495.8% |
| Profit (loss) for the period before taxes | 9903 | €96,813 | €90,042 | -€6,771 | -7.0% |
| Income taxes | 67/77 | €24,203 | €24,004 | -€199 | -0.8% |
| Profit (loss) for the period | 9904 | €72,610 | €66,038 | -€6,572 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,610 | €66,038 | -€6,572 | -9.1% |
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.