IMMO BRUSSEL: 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 BRUSSEL
Largest movements
- Stocks and contracts -€1.3m
down €1.3m (-68.9%), from €1.8m to €568,222
- Receivables within one year +€493,016
up €493,016 (+358%), from €137,800 to €630,815
of which Other amounts receivable: +€498,174
- Short-term financial debts -€446,181
down €446,181 (-100%), from €446,181 to €0
- Debts after one year +€350,000
up €350,000 (+43.8%), from €800,000 to €1.2m
- Other debts -€293,674
down €293,674 (-22.3%), from €1.3m to €1.0m
- Trade debts -€259,954
down €259,954 (-97.3%), from €267,113 to €7,159
- Profit (loss) carried forward -€124,332
down €124,332 (-9.7%), from -€1.3m to -€1.4m
- Gross operating margin +€351,752
up €351,752 (+76.8%), from -€458,126 to -€106,374
- Financial income +€13,273
up €13,273 (+503%), from €2,637 to €15,910
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.
Derived cash bridge
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 | €1,974,579 | €1,222,302 | -€752,277 | -38.1% |
| Fixed assets | 21/28 | €6,104 | €6,104 | = | 0.0% |
| Financial fixed assets | 28 | €6,104 | €6,104 | = | 0.0% |
| Current assets | 29/58 | €1,968,475 | €1,216,198 | -€752,277 | -38.2% |
| Stocks and contracts in progress | 3 | €1,827,926 | €568,222 | -€1.3m | -68.9% |
| Stocks | 30/36 | €1,827,926 | €568,222 | -€1.3m | -68.9% |
| Amounts receivable within one year | 40/41 | €137,800 | €630,815 | +€493,016 | +358% |
| Trade receivables | 40 | €22,102 | €16,944 | -€5,158 | -23.3% |
| Other amounts receivable | 41 | €115,697 | €613,871 | +€498,174 | +431% |
| Cash at bank and in hand | 54/58 | €2,749 | €17,161 | +€14,412 | +524% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,974,579 | €1,222,302 | -€752,277 | -38.1% |
| Equity | 10/15 | -€1,270,466 | -€1,394,798 | -€124,332 | -9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,278,526 | -€1,402,858 | -€124,332 | -9.7% |
| Amounts payable | 17/49 | €3,245,045 | €2,617,100 | -€627,945 | -19.4% |
| Amounts payable after more than one year | 17 | €800,000 | €1,150,000 | +€350,000 | +43.8% |
| Financial debts | 170/4 | €800,000 | €1,150,000 | +€350,000 | +43.8% |
| Amounts payable within one year | 42/48 | €2,372,711 | €1,395,035 | -€977,676 | -41.2% |
| Financial debts | 43 | €446,181 | €0 | -€446,181 | -100% |
| Credit institutions | 430/8 | €446,181 | €0 | -€446,181 | -100% |
| Trade debts | 44 | €267,113 | €7,159 | -€259,954 | -97.3% |
| Suppliers | 440/4 | €267,113 | €7,159 | -€259,954 | -97.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €341,878 | €364,012 | +€22,134 | +6.5% |
| Taxes | 450/3 | €341,878 | €364,012 | +€22,134 | +6.5% |
| Other amounts payable | 47/48 | €1,317,539 | €1,023,865 | -€293,674 | -22.3% |
| Accrued charges and deferred income | 492/3 | €72,334 | €72,064 | -€269 | -0.4% |
| Other operating charges | 640/8 | €1,159 | €1,290 | +€130 | +11.3% |
| Gross operating margin | 9900 | -€458,126 | -€106,374 | +€351,752 | +76.8% |
| Operating profit (loss) | 9901 | -€459,286 | -€107,664 | +€351,621 | +76.6% |
| Financial income | 75/76B | €2,637 | €15,910 | +€13,273 | +503% |
| Recurring financial income | 75 | €2,637 | €15,910 | +€13,273 | +503% |
| Financial charges | 65/66B | €33,436 | €32,577 | -€859 | -2.6% |
| Recurring financial charges | 65 | €33,436 | €32,577 | -€859 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€490,085 | -€124,332 | +€365,753 | +74.6% |
| Profit (loss) for the period | 9904 | -€490,085 | -€124,332 | +€365,753 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€490,085 | -€124,332 | +€365,753 | +74.6% |
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 19 October 2026 via checked.be.