IMMO BRUSSELS: 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 BRUSSELS
Largest movements
- Tangible fixed assets -€54,905
down €54,905 (-8.7%), from €630,258 to €575,353
of which Land and buildings: -€53,266
- Receivables within one year +€52,083
up €52,083 (+24.1%), from €216,212 to €268,295
- Cash +€25,787
up €25,787 (+135.8%), from €18,992 to €44,779
mainly Net result for the year (+€97,305) and Depreciation (+€54,905)
- Profit (loss) carried forward +€97,305
up €97,305 (+199.5%), from €48,783 to €146,088
- Debts after one year -€60,264
down €60,264 (-8.7%), from €696,422 to €636,158
of which Financial debts: -€60,264
- Trade debts -€15,284
no longer reported in 2025 (was €15,284)
- Gross operating margin +€23,698
up €23,698 (+13.9%), from €170,325 to €194,023
- Taxes +€18,902
new in 2025: €18,902
- Turnover +€15,214
up €15,214 (+8.1%), from €188,028 to €203,242
- Other operating charges -€9,748
down €9,748 (-92.1%), from €10,588 to €840
- Purchases and services -€8,485
down €8,485 (-47.9%), from €17,704 to €9,219
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 | €885,845 | €908,810 | +€22,965 | +2.6% |
| Fixed assets | 21/28 | €630,258 | €575,353 | -€54,905 | -8.7% |
| Tangible fixed assets | 22/27 | €630,258 | €575,353 | -€54,905 | -8.7% |
| Land and buildings | 22 | €616,341 | €563,075 | -€53,266 | -8.6% |
| Plant, machinery and equipment | 23 | €13,917 | €12,278 | -€1,639 | -11.8% |
| Current assets | 29/58 | €255,587 | €333,457 | +€77,870 | +30.5% |
| Amounts receivable within one year | 40/41 | €216,212 | €268,295 | +€52,083 | +24.1% |
| Other amounts receivable | 41 | €216,212 | €268,295 | +€52,083 | +24.1% |
| Cash at bank and in hand | 54/58 | €18,992 | €44,779 | +€25,787 | +135.8% |
| Deferred charges and accrued income | 490/1 | €20,383 | €20,383 | = | 0.0% |
| Total equity and liabilities | 10/49 | €885,845 | €908,810 | +€22,965 | +2.6% |
| Equity | 10/15 | €111,283 | €208,588 | +€97,305 | +87.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,783 | €146,088 | +€97,305 | +199.5% |
| Amounts payable | 17/49 | €774,562 | €700,222 | -€74,340 | -9.6% |
| Amounts payable after more than one year | 17 | €696,422 | €636,158 | -€60,264 | -8.7% |
| Financial debts | 170/4 | €679,261 | €618,997 | -€60,264 | -8.9% |
| Other amounts payable | 178/9 | €17,161 | €17,161 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,140 | €64,064 | -€14,076 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €55,056 | €60,264 | +€5,208 | +9.5% |
| Trade debts | 44 | €15,284 | - | -€15,284 | |
| Suppliers | 440/4 | €15,284 | - | -€15,284 | |
| Other amounts payable | 47/48 | €7,800 | €3,800 | -€4,000 | -51.3% |
| Turnover | 70 | €188,028 | €203,242 | +€15,214 | +8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,704 | €9,219 | -€8,485 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,905 | €54,905 | = | 0.0% |
| Other operating charges | 640/8 | €10,588 | €840 | -€9,748 | -92.1% |
| Gross operating margin | 9900 | €170,325 | €194,023 | +€23,698 | +13.9% |
| Operating profit (loss) | 9901 | €104,832 | €138,278 | +€33,446 | +31.9% |
| Financial income | 75/76B | €2,100 | €3,416 | +€1,316 | +62.7% |
| Recurring financial income | 75 | €2,100 | €3,416 | +€1,316 | +62.7% |
| Financial charges | 65/66B | €24,564 | €25,487 | +€923 | +3.8% |
| Recurring financial charges | 65 | €24,564 | €25,487 | +€923 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €82,368 | €116,207 | +€33,839 | +41.1% |
| Income taxes | 67/77 | - | €18,902 | +€18,902 | |
| Profit (loss) for the period | 9904 | €82,368 | €97,305 | +€14,937 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,368 | €97,305 | +€14,937 | +18.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.