IMMO BRINKMANN: 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 BRINKMANN
Largest movements
- Receivables within one year +€17,145
up €17,145 (+86.0%), from €19,940 to €37,085
- Tangible fixed assets -€16,892
down €16,892 (-1.7%), from €998,306 to €981,413
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€44,262
down €44,262 (-65.9%), from €67,205 to €22,942
- Gross operating margin +€29,556
up €29,556 (+590.5%), from €5,006 to €34,561
- Financial income -€4,734
down €4,734 (-75.4%), from €6,279 to €1,545
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 | €1,100,827 | €1,103,786 | +€2,960 | +0.3% |
| Fixed assets | 21/28 | €998,306 | €981,413 | -€16,892 | -1.7% |
| Tangible fixed assets | 22/27 | €998,306 | €981,413 | -€16,892 | -1.7% |
| Land and buildings | 22 | €998,306 | €981,413 | -€16,892 | -1.7% |
| Current assets | 29/58 | €102,521 | €122,373 | +€19,852 | +19.4% |
| Amounts receivable within one year | 40/41 | €19,940 | €37,085 | +€17,145 | +86.0% |
| Other amounts receivable | 41 | €19,940 | €37,085 | +€17,145 | +86.0% |
| Cash at bank and in hand | 54/58 | €81,532 | €84,002 | +€2,470 | +3.0% |
| Deferred charges and accrued income | 490/1 | €1,050 | €1,286 | +€237 | +22.5% |
| Total equity and liabilities | 10/49 | €1,100,827 | €1,103,786 | +€2,960 | +0.3% |
| Equity | 10/15 | €1,095,346 | €1,102,255 | +€6,909 | +0.6% |
| Contributions | 10/11 | €700,299 | €700,299 | = | 0.0% |
| Capital | 10 | €700,299 | €700,299 | = | 0.0% |
| Issued capital | 100 | €700,299 | €700,299 | = | 0.0% |
| Reserves | 13 | €460,365 | €460,710 | +€345 | +0.1% |
| Non-distributable reserves | 130/1 | €8,161 | €8,506 | +€345 | +4.2% |
| Legal reserve | 130 | €8,161 | €8,506 | +€345 | +4.2% |
| Distributable reserves | 133 | €452,204 | €452,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,318 | -€58,755 | +€6,563 | +10.0% |
| Amounts payable | 17/49 | €5,481 | €1,532 | -€3,949 | -72.1% |
| Amounts payable within one year | 42/48 | €3,448 | €465 | -€2,983 | -86.5% |
| Trade debts | 44 | €3,448 | €465 | -€2,983 | -86.5% |
| Suppliers | 440/4 | €3,448 | €465 | -€2,983 | -86.5% |
| Accrued charges and deferred income | 492/3 | €2,033 | €1,067 | -€966 | -47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,205 | €22,942 | -€44,262 | -65.9% |
| Other operating charges | 640/8 | €5,609 | €5,868 | +€259 | +4.6% |
| Gross operating margin | 9900 | €5,006 | €34,561 | +€29,556 | +590.5% |
| Operating profit (loss) | 9901 | -€67,808 | €5,751 | +€73,559 | |
| Financial income | 75/76B | €6,279 | €1,545 | -€4,734 | -75.4% |
| Recurring financial income | 75 | €6,279 | €1,545 | -€4,734 | -75.4% |
| Financial charges | 65/66B | €278 | €387 | +€109 | +39.1% |
| Recurring financial charges | 65 | €278 | €387 | +€109 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | -€61,807 | €6,909 | +€68,716 | |
| Profit (loss) for the period | 9904 | -€61,807 | €6,909 | +€68,716 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,807 | €6,909 | +€68,716 |
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.