IMMO-BRIT: 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-BRIT
Largest movements
- Receivables within one year +€2.1m
up €2.1m (+1,343%), from €154,228 to €2.2m
of which Trade receivables: +€1.9m
- Stocks and contracts -€904,110
down €904,110 (-50.8%), from €1.8m to €874,018
- Tangible fixed assets +€520,278
up €520,278 (+14.6%), from €3.6m to €4.1m
of which Land and buildings: +€581,428
- Current investments +€156,996
up €156,996 (+3,430%), from €4,577 to €161,573
- Advances received +€2.0m
new in 2025: €2.0m
- Debts after one year -€402,423
down €402,423 (-16.3%), from €2.5m to €2.1m
- Short-term financial debts +€175,000
up €175,000 (+121%), from €145,000 to €320,000
of which Credit institutions: +€320,000
- Other debts +€108,638
up €108,638 (+24.2%), from €448,104 to €556,743
- Current portion of long-term debt +€93,083
up €93,083 (+152%), from €61,146 to €154,230
- Gross operating margin +€262,141
up €262,141 (+76.1%), from €344,486 to €606,626
- Financial charges +€113,540
up €113,540 (+135%), from €84,412 to €197,952
- Depreciation +€111,157
up €111,157 (+117%), from €94,816 to €205,973
- Staff costs +€62,487
up €62,487 (+120%), from €52,044 to €114,530
- Other operating charges +€24,102
up €24,102 (+71.2%), from €33,842 to €57,943
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,513,670 | €7,375,504 | +€1.9m | +33.8% |
| Fixed assets | 21/28 | €3,570,754 | €4,109,232 | +€538,478 | +15.1% |
| Tangible fixed assets | 22/27 | €3,570,754 | €4,091,032 | +€520,278 | +14.6% |
| Land and buildings | 22 | €2,518,643 | €3,100,071 | +€581,428 | +23.1% |
| Furniture and vehicles | 24 | €302 | €145 | -€157 | -52.1% |
| Leasing and similar rights | 25 | €411,672 | €351,803 | -€59,869 | -14.5% |
| Other tangible fixed assets | 26 | €640,138 | €639,013 | -€1,125 | -0.2% |
| Financial fixed assets | 28 | - | €18,200 | +€18,200 | |
| Current assets | 29/58 | €1,942,916 | €3,266,272 | +€1.3m | +68.1% |
| Stocks and contracts in progress | 3 | €1,778,127 | €874,018 | -€904,110 | -50.8% |
| Stocks | 30/36 | €1,778,127 | €874,018 | -€904,110 | -50.8% |
| Amounts receivable within one year | 40/41 | €154,228 | €2,224,987 | +€2.1m | +1,343% |
| Trade receivables | 40 | €12,078 | €1,946,199 | +€1.9m | +16,014% |
| Other amounts receivable | 41 | €142,150 | €278,789 | +€136,639 | +96.1% |
| Current investments | 50/53 | €4,577 | €161,573 | +€156,996 | +3,430% |
| Cash at bank and in hand | 54/58 | €1,853 | €4,164 | +€2,312 | +125% |
| Deferred charges and accrued income | 490/1 | €4,130 | €1,530 | -€2,601 | -63.0% |
| Total equity and liabilities | 10/49 | €5,513,670 | €7,375,504 | +€1.9m | +33.8% |
| Equity | 10/15 | €1,707,720 | €1,727,843 | +€20,123 | +1.2% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €1,292,720 | €1,312,843 | +€20,123 | +1.6% |
| Non-distributable reserves | 130/1 | €12,870 | €12,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,870 | €12,870 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,181,140 | €1,173,187 | -€7,953 | -0.7% |
| Distributable reserves | 133 | €98,710 | €126,786 | +€28,077 | +28.4% |
| Provisions and deferred taxes | 16 | €393,713 | €385,760 | -€7,953 | -2.0% |
| Deferred taxes | 168 | €393,713 | €385,760 | -€7,953 | -2.0% |
| Amounts payable | 17/49 | €3,412,237 | €5,261,901 | +€1.8m | +54.2% |
| Amounts payable after more than one year | 17 | €2,475,360 | €2,072,937 | -€402,423 | -16.3% |
| Financial debts | 170/4 | €2,475,360 | €2,072,937 | -€402,423 | -16.3% |
| Amounts payable within one year | 42/48 | €928,892 | €3,180,979 | +€2.3m | +242% |
| Current portion of amounts payable after more than one year | 42 | €61,146 | €154,230 | +€93,083 | +152% |
| Financial debts | 43 | €145,000 | €320,000 | +€175,000 | +121% |
| Credit institutions | 430/8 | - | €320,000 | +€320,000 | |
| Other loans | 439 | €145,000 | - | -€145,000 | |
| Trade debts | 44 | €149,716 | €122,136 | -€27,580 | -18.4% |
| Suppliers | 440/4 | €149,716 | €122,136 | -€27,580 | -18.4% |
| Advances received on contracts in progress | 46 | - | €1,984,890 | +€2.0m | |
| Taxes, remuneration and social security | 45 | €124,925 | €42,981 | -€81,944 | -65.6% |
| Taxes | 450/3 | €121,561 | €33,339 | -€88,222 | -72.6% |
| Remuneration and social security | 454/9 | €3,364 | €9,642 | +€6,278 | +187% |
| Other amounts payable | 47/48 | €448,104 | €556,743 | +€108,638 | +24.2% |
| Accrued charges and deferred income | 492/3 | €7,985 | €7,985 | = | 0.0% |
| Non-recurring operating income | 76A | €434,462 | - | -€434,462 | |
| Remuneration, social security and pensions | 62 | €52,044 | €114,530 | +€62,487 | +120% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,816 | €205,973 | +€111,157 | +117% |
| Other operating charges | 640/8 | €33,842 | €57,943 | +€24,102 | +71.2% |
| Gross operating margin | 9900 | €344,486 | €606,626 | +€262,141 | +76.1% |
| Operating profit (loss) | 9901 | €163,784 | €228,179 | +€64,395 | +39.3% |
| Financial income | 75/76B | €21 | €838 | +€816 | +3,829% |
| Recurring financial income | 75 | €21 | €838 | +€816 | +3,829% |
| Financial charges | 65/66B | €84,412 | €197,952 | +€113,540 | +135% |
| Recurring financial charges | 65 | €84,412 | €197,952 | +€113,540 | +135% |
| Profit (loss) for the period before taxes | 9903 | €79,394 | €31,065 | -€48,328 | -60.9% |
| Transfer from deferred taxes | 780 | €2,651 | €3,977 | +€1,326 | +50.0% |
| Income taxes | 67/77 | €29,715 | €17,398 | -€12,318 | -41.5% |
| Profit (loss) for the period | 9904 | €52,329 | €17,644 | -€34,685 | -66.3% |
| Transfer from tax-exempt reserves | 789 | €7,953 | €11,930 | +€3,977 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,283 | €29,574 | -€30,708 | -50.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.