IMMO BRET: 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 BRET
Largest movements
- Receivables within one year +€70,424
up €70,424 (+17.6%), from €399,328 to €469,752
- Tangible fixed assets -€29,195
down €29,195 (-3.3%), from €893,705 to €864,511
- Cash +€23,462
up €23,462 (+11.0%), from €212,547 to €236,009
mainly Depreciation (+€43,018) and Net result for the year (+€30,731)
- Reserves +€30,731
up €30,731 (+3.9%), from €794,090 to €824,820
of which Distributable reserves: +€30,731
- Other debts +€30,392
up €30,392 (+6.3%), from €483,665 to €514,056
- Gross operating margin +€16,763
up €16,763 (+12.9%), from €129,679 to €146,443
- Taxes +€4,112
up €4,112 (+66.8%), from €6,154 to €10,266
- Other operating charges +€3,643
up €3,643 (+14.5%), from €25,119 to €28,762
- Financial charges -€2,708
down €2,708 (-7.4%), from €36,375 to €33,666
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 | €1,537,051 | €1,604,385 | +€67,334 | +4.4% |
| Fixed assets | 21/28 | €893,705 | €864,511 | -€29,195 | -3.3% |
| Tangible fixed assets | 22/27 | €893,705 | €864,511 | -€29,195 | -3.3% |
| Land and buildings | 22 | €893,705 | €864,511 | -€29,195 | -3.3% |
| Current assets | 29/58 | €643,346 | €739,875 | +€96,529 | +15.0% |
| Stocks and contracts in progress | 3 | €2,263 | - | -€2,263 | |
| Stocks | 30/36 | €2,263 | - | -€2,263 | |
| Amounts receivable within one year | 40/41 | €399,328 | €469,752 | +€70,424 | +17.6% |
| Other amounts receivable | 41 | €399,328 | €469,752 | +€70,424 | +17.6% |
| Cash at bank and in hand | 54/58 | €212,547 | €236,009 | +€23,462 | +11.0% |
| Deferred charges and accrued income | 490/1 | €29,208 | €34,114 | +€4,906 | +16.8% |
| Total equity and liabilities | 10/49 | €1,537,051 | €1,604,385 | +€67,334 | +4.4% |
| Equity | 10/15 | €1,017,290 | €1,048,020 | +€30,731 | +3.0% |
| Contributions | 10/11 | €223,200 | €223,200 | = | 0.0% |
| Capital | 10 | €223,200 | €223,200 | = | 0.0% |
| Issued capital | 100 | €223,200 | €223,200 | = | 0.0% |
| Reserves | 13 | €794,090 | €824,820 | +€30,731 | +3.9% |
| Non-distributable reserves | 130/1 | €22,320 | €22,320 | = | 0.0% |
| Legal reserve | 130 | €22,320 | €22,320 | = | 0.0% |
| Tax-exempt reserves | 132 | €751 | €751 | = | 0.0% |
| Distributable reserves | 133 | €771,019 | €801,749 | +€30,731 | +4.0% |
| Amounts payable | 17/49 | €519,761 | €556,365 | +€36,604 | +7.0% |
| Amounts payable within one year | 42/48 | €483,742 | €521,554 | +€37,812 | +7.8% |
| Trade debts | 44 | €78 | €4,732 | +€4,655 | +6000.7% |
| Suppliers | 440/4 | €78 | €4,732 | +€4,655 | +6000.7% |
| Taxes, remuneration and social security | 45 | - | €2,766 | +€2,766 | |
| Taxes | 450/3 | - | €2,766 | +€2,766 | |
| Other amounts payable | 47/48 | €483,665 | €514,056 | +€30,392 | +6.3% |
| Accrued charges and deferred income | 492/3 | €36,019 | €34,811 | -€1,208 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,570 | €43,018 | -€552 | -1.3% |
| Other operating charges | 640/8 | €25,119 | €28,762 | +€3,643 | +14.5% |
| Gross operating margin | 9900 | €129,679 | €146,443 | +€16,763 | +12.9% |
| Operating profit (loss) | 9901 | €60,991 | €74,663 | +€13,672 | +22.4% |
| Financial charges | 65/66B | €36,375 | €33,666 | -€2,708 | -7.4% |
| Recurring financial charges | 65 | €36,375 | €33,666 | -€2,708 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €24,616 | €40,997 | +€16,381 | +66.5% |
| Income taxes | 67/77 | €6,154 | €10,266 | +€4,112 | +66.8% |
| Profit (loss) for the period | 9904 | €18,462 | €30,731 | +€12,269 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,462 | €30,731 | +€12,269 | +66.5% |
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 6 October 2026 via checked.be.