IMMO BRO: 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 BRO
Largest movements
- Intangible fixed assets -€4,000
down €4,000 (-10.0%), from €40,000 to €36,000
- Tangible fixed assets +€3,307
up €3,307 (+1.4%), from €243,523 to €246,829
of which Plant, machinery and equipment: +€20,643
- Other debts -€30,000
down €30,000 (-65.9%), from €45,511 to €15,511
- Debts after one year +€29,605
up €29,605 (+112.1%), from €26,407 to €56,012
- Short-term financial debts +€14,071
up €14,071 (+437.3%), from €3,218 to €17,288
- Reserves -€9,495
down €9,495 (-12.0%), from €79,410 to €69,915
of which Tax-exempt reserves: -€9,495
- Provisions -€3,165
down €3,165 (-12.3%), from €25,705 to €22,540
- Gross operating margin +€16,992
up €16,992 (+422.6%), from €4,021 to €21,013
- Depreciation +€10,383
up €10,383 (+71.0%), from €14,620 to €25,003
- Financial charges +€3,786
up €3,786 (+721.9%), from €524 to €4,310
- Taxes +€1,468
up €1,468 (+2271.3%), from €65 to €1,532
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 | €288,194 | €287,368 | -€826 | -0.3% |
| Fixed assets | 21/28 | €283,523 | €282,829 | -€693 | -0.2% |
| Intangible fixed assets | 21 | €40,000 | €36,000 | -€4,000 | -10.0% |
| Tangible fixed assets | 22/27 | €243,523 | €246,829 | +€3,307 | +1.4% |
| Land and buildings | 22 | €200,271 | €189,658 | -€10,613 | -5.3% |
| Plant, machinery and equipment | 23 | €11,597 | €32,240 | +€20,643 | +178.0% |
| Furniture and vehicles | 24 | €31,655 | €24,932 | -€6,723 | -21.2% |
| Current assets | 29/58 | €4,672 | €4,539 | -€133 | -2.8% |
| Amounts receivable within one year | 40/41 | €2,539 | €791 | -€1,748 | -68.9% |
| Other amounts receivable | 41 | €2,539 | €791 | -€1,748 | -68.9% |
| Cash at bank and in hand | 54/58 | €1,130 | €2,769 | +€1,639 | +145.1% |
| Deferred charges and accrued income | 490/1 | €1,003 | €979 | -€24 | -2.4% |
| Total equity and liabilities | 10/49 | €288,194 | €287,368 | -€826 | -0.3% |
| Equity | 10/15 | €184,290 | €174,485 | -€9,805 | -5.3% |
| Contributions | 10/11 | €46,276 | €46,276 | = | 0.0% |
| Reserves | 13 | €79,410 | €69,915 | -€9,495 | -12.0% |
| Tax-exempt reserves | 132 | €77,115 | €67,620 | -€9,495 | -12.3% |
| Distributable reserves | 133 | €2,294 | €2,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,604 | €58,294 | -€310 | -0.5% |
| Provisions and deferred taxes | 16 | €25,705 | €22,540 | -€3,165 | -12.3% |
| Deferred taxes | 168 | €25,705 | €22,540 | -€3,165 | -12.3% |
| Amounts payable | 17/49 | €78,200 | €90,343 | +€12,143 | +15.5% |
| Amounts payable after more than one year | 17 | €26,407 | €56,012 | +€29,605 | +112.1% |
| Financial debts | 170/4 | €26,407 | €56,012 | +€29,605 | +112.1% |
| Amounts payable within one year | 42/48 | €48,793 | €34,332 | -€14,462 | -29.6% |
| Financial debts | 43 | €3,218 | €17,288 | +€14,071 | +437.3% |
| Credit institutions | 430/8 | €3,218 | €17,288 | +€14,071 | +437.3% |
| Taxes, remuneration and social security | 45 | €65 | €1,532 | +€1,468 | +2271.3% |
| Taxes | 450/3 | €65 | €1,532 | +€1,468 | +2271.3% |
| Other amounts payable | 47/48 | €45,511 | €15,511 | -€30,000 | -65.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Non-recurring operating income | 76A | - | €353 | +€353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,620 | €25,003 | +€10,383 | +71.0% |
| Other operating charges | 640/8 | €3,344 | €3,137 | -€207 | -6.2% |
| Gross operating margin | 9900 | €4,021 | €21,013 | +€16,992 | +422.6% |
| Operating profit (loss) | 9901 | -€13,943 | -€7,127 | +€6,816 | +48.9% |
| Financial charges | 65/66B | €524 | €4,310 | +€3,786 | +721.9% |
| Recurring financial charges | 65 | €524 | €4,310 | +€3,786 | +721.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,468 | -€11,437 | +€3,031 | +20.9% |
| Transfer from deferred taxes | 780 | €3,165 | €3,165 | = | 0.0% |
| Income taxes | 67/77 | €65 | €1,532 | +€1,468 | +2271.3% |
| Profit (loss) for the period | 9904 | -€11,367 | -€9,805 | +€1,563 | +13.7% |
| Transfer from tax-exempt reserves | 789 | €9,495 | €9,495 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,873 | -€310 | +€1,563 | +83.5% |
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 5 October 2026 via checked.be.