IMMO BRÜLS: 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 BRÜLS
Largest movements
- Tangible fixed assets -€11,585
down €11,585 (-3.0%), from €391,889 to €380,304
of which Land and buildings: -€9,924
- Profit (loss) carried forward +€34,807
up €34,807 (+242.4%), from €14,362 to €49,168
- Other debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Debts after one year -€19,895
down €19,895 (-7.1%), from €281,289 to €261,394
- Advances received -€4,317
no longer reported in 2025 (was €4,317)
- Taxes +€7,116
up €7,116 (+148.6%), from €4,787 to €11,903
- Gross operating margin +€2,041
up €2,041 (+2.9%), from €69,447 to €71,488
- Other operating charges -€1,623
down €1,623 (-40.1%), from €4,048 to €2,425
- Financial charges -€717
down €717 (-6.2%), from €11,491 to €10,774
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 | €428,711 | €418,033 | -€10,678 | -2.5% |
| Fixed assets | 21/28 | €392,139 | €380,554 | -€11,585 | -3.0% |
| Tangible fixed assets | 22/27 | €391,889 | €380,304 | -€11,585 | -3.0% |
| Land and buildings | 22 | €377,321 | €367,397 | -€9,924 | -2.6% |
| Plant, machinery and equipment | 23 | €14,568 | €12,907 | -€1,661 | -11.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €36,571 | €37,479 | +€908 | +2.5% |
| Amounts receivable within one year | 40/41 | €1,068 | €653 | -€415 | -38.9% |
| Trade receivables | 40 | €856 | €440 | -€415 | -48.5% |
| Other amounts receivable | 41 | €213 | €213 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,095 | €36,408 | +€1,314 | +3.7% |
| Deferred charges and accrued income | 490/1 | €408 | €417 | +€9 | +2.2% |
| Total equity and liabilities | 10/49 | €428,711 | €418,033 | -€10,678 | -2.5% |
| Equity | 10/15 | €39,362 | €74,168 | +€34,807 | +88.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,362 | €49,168 | +€34,807 | +242.4% |
| Amounts payable | 17/49 | €389,349 | €343,865 | -€45,484 | -11.7% |
| Amounts payable after more than one year | 17 | €281,289 | €261,394 | -€19,895 | -7.1% |
| Financial debts | 170/4 | €281,289 | €261,394 | -€19,895 | -7.1% |
| Amounts payable within one year | 42/48 | €105,059 | €79,470 | -€25,589 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €19,185 | €19,895 | +€710 | +3.7% |
| Trade debts | 44 | €2,379 | €1,853 | -€526 | -22.1% |
| Suppliers | 440/4 | €2,379 | €1,853 | -€526 | -22.1% |
| Advances received on contracts in progress | 46 | €4,317 | - | -€4,317 | |
| Taxes, remuneration and social security | 45 | €4,179 | €7,722 | +€3,544 | +84.8% |
| Taxes | 450/3 | €4,179 | €7,722 | +€3,544 | +84.8% |
| Other amounts payable | 47/48 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,230 | €11,585 | +€355 | +3.2% |
| Other operating charges | 640/8 | €4,048 | €2,425 | -€1,623 | -40.1% |
| Gross operating margin | 9900 | €69,447 | €71,488 | +€2,041 | +2.9% |
| Operating profit (loss) | 9901 | €54,170 | €57,478 | +€3,308 | +6.1% |
| Financial income | 75/76B | €7 | €6 | -€1 | -14.1% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -14.1% |
| Financial charges | 65/66B | €11,491 | €10,774 | -€717 | -6.2% |
| Recurring financial charges | 65 | €11,491 | €10,774 | -€717 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €42,686 | €46,710 | +€4,024 | +9.4% |
| Income taxes | 67/77 | €4,787 | €11,903 | +€7,116 | +148.6% |
| Profit (loss) for the period | 9904 | €37,899 | €34,807 | -€3,092 | -8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,899 | €34,807 | -€3,092 | -8.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.