IMMO BREDERO: 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 BREDERO
Largest movements
- Cash -€178,232
down €178,232 (-83.0%), from €214,621 to €36,389
mainly Other debts (-€269,159) and Debts after one year (-€209,166)
- Tangible fixed assets -€138,510
down €138,510 (-6.7%), from €2.1m to €1.9m
of which Land and buildings: -€127,943
- Stocks and contracts -€38,747
down €38,747 (-100%), from €38,747 to €0
- Other debts -€269,159
down €269,159 (-34.0%), from €791,422 to €522,263
- Debts after one year -€209,166
down €209,166 (-39.6%), from €528,055 to €318,889
- Reserves +€120,969
up €120,969 (+19.7%), from €614,260 to €735,229
of which Distributable reserves: +€121,443
- Short-term financial debts +€30,148
up €30,148 (+16.1%), from €187,419 to €217,566
- Current portion of long-term debt -€26,000
down €26,000 (-35.8%), from €72,667 to €46,667
- Gross operating margin +€149,154
up €149,154 (+55.5%), from €268,886 to €418,040
- Taxes +€33,082
up €33,082 (+440%), from €7,511 to €40,593
- Financial charges +€13,491
up €13,491 (+27.6%), from €48,966 to €62,458
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 | €2,339,601 | €1,993,604 | -€345,996 | -14.8% |
| Fixed assets | 21/28 | €2,082,068 | €1,943,558 | -€138,510 | -6.7% |
| Tangible fixed assets | 22/27 | €2,082,068 | €1,943,558 | -€138,510 | -6.7% |
| Land and buildings | 22 | €2,037,582 | €1,909,639 | -€127,943 | -6.3% |
| Plant, machinery and equipment | 23 | €1,249 | €808 | -€440 | -35.3% |
| Furniture and vehicles | 24 | €43,237 | €33,111 | -€10,127 | -23.4% |
| Current assets | 29/58 | €257,533 | €50,047 | -€207,486 | -80.6% |
| Stocks and contracts in progress | 3 | €38,747 | €0 | -€38,747 | -100% |
| Stocks | 30/36 | €38,747 | €0 | -€38,747 | -100% |
| Amounts receivable within one year | 40/41 | - | €9,407 | +€9,407 | |
| Other amounts receivable | 41 | - | €9,407 | +€9,407 | |
| Cash at bank and in hand | 54/58 | €214,621 | €36,389 | -€178,232 | -83.0% |
| Deferred charges and accrued income | 490/1 | €4,165 | €4,251 | +€86 | +2.1% |
| Total equity and liabilities | 10/49 | €2,339,601 | €1,993,604 | -€345,996 | -14.8% |
| Equity | 10/15 | €681,916 | €799,069 | +€117,154 | +17.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €49,106 | €45,291 | -€3,815 | -7.8% |
| Reserves | 13 | €614,260 | €735,229 | +€120,969 | +19.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,350 | €875 | -€475 | -35.2% |
| Distributable reserves | 133 | €612,910 | €734,354 | +€121,443 | +19.8% |
| Provisions and deferred taxes | 16 | €567 | €292 | -€275 | -48.6% |
| Deferred taxes | 168 | €567 | €292 | -€275 | -48.6% |
| Amounts payable | 17/49 | €1,657,118 | €1,194,243 | -€462,875 | -27.9% |
| Amounts payable after more than one year | 17 | €528,055 | €318,889 | -€209,166 | -39.6% |
| Financial debts | 170/4 | €528,055 | €318,889 | -€209,166 | -39.6% |
| Amounts payable within one year | 42/48 | €1,077,175 | €823,154 | -€254,021 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €72,667 | €46,667 | -€26,000 | -35.8% |
| Financial debts | 43 | €187,419 | €217,566 | +€30,148 | +16.1% |
| Credit institutions | 430/8 | €187,419 | €217,566 | +€30,148 | +16.1% |
| Trade debts | 44 | €16,601 | €34,107 | +€17,506 | +105% |
| Suppliers | 440/4 | €16,601 | €34,107 | +€17,506 | +105% |
| Taxes, remuneration and social security | 45 | €9,067 | €2,551 | -€6,516 | -71.9% |
| Taxes | 450/3 | €9,067 | €2,551 | -€6,516 | -71.9% |
| Other amounts payable | 47/48 | €791,422 | €522,263 | -€269,159 | -34.0% |
| Accrued charges and deferred income | 492/3 | €51,888 | €52,200 | +€313 | +0.6% |
| Non-recurring operating income | 76A | - | €80,813 | +€80,813 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,743 | €165,801 | +€58 | 0.0% |
| Other operating charges | 640/8 | €28,477 | €29,986 | +€1,509 | +5.3% |
| Gross operating margin | 9900 | €268,886 | €418,040 | +€149,154 | +55.5% |
| Operating profit (loss) | 9901 | €74,667 | €222,253 | +€147,586 | +198% |
| Financial income | 75/76B | €1,595 | €1,491 | -€104 | -6.5% |
| Recurring financial income | 75 | €1,595 | €1,491 | -€104 | -6.5% |
| Financial charges | 65/66B | €48,966 | €62,458 | +€13,491 | +27.6% |
| Recurring financial charges | 65 | €48,966 | €62,458 | +€13,491 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €27,295 | €161,286 | +€133,991 | +491% |
| Transfer from deferred taxes | 780 | €222 | €188 | -€34 | -15.5% |
| Income taxes | 67/77 | €7,511 | €40,593 | +€33,082 | +440% |
| Profit (loss) for the period | 9904 | €20,006 | €120,881 | +€100,875 | +504% |
| Transfer from tax-exempt reserves | 789 | €528 | €563 | +€34 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,534 | €121,443 | +€100,909 | +491% |
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 19 October 2026 via checked.be.