IMMO BTB: what changed
IMMO BTB
Largest movements
- Tangible fixed assets -€16,472
down €16,472 (-12.1%), from €135,978 to €119,506
of which Land and buildings: -€18,930
- Cash +€9,419
up €9,419 (+535%), from €1,761 to €11,180
mainly Depreciation (+€19,303) and Net result for the year (+€4,207)
- Receivables within one year +€2,477
up €2,477 (+33.5%), from €7,392 to €9,869
- Profit (loss) carried forward +€41,353
up €41,353 (+779%), from €5,311 to €46,664
- Reserves -€35,306
down €35,306 (-33.6%), from €104,930 to €69,624
of which Distributable reserves: -€18,400
- Current portion of long-term debt -€9,248
no longer reported in 2025 (was €9,248)
- Other debts +€1,933
up €1,933 (+84.7%), from €2,283 to €4,217
- Tax, wage and social debts -€1,840
no longer reported in 2025 (was €1,840)
- Gross operating margin +€2,028
up €2,028 (+7.8%), from €26,001 to €28,029
- Financial charges -€730
down €730 (-78.5%), from €929 to €200
- Depreciation +€356
up €356 (+1.9%), from €18,948 to €19,303
- Taxes -€317
down €317 (-17.2%), from €1,840 to €1,523
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €145,132 | €140,555 | -€4,576 | -3.2% |
| Fixed assets | 21/28 | €135,978 | €119,506 | -€16,472 | -12.1% |
| Tangible fixed assets | 22/27 | €135,978 | €119,506 | -€16,472 | -12.1% |
| Land and buildings | 22 | €133,936 | €115,006 | -€18,930 | -14.1% |
| Plant, machinery and equipment | 23 | €2,042 | €4,500 | +€2,458 | +120% |
| Current assets | 29/58 | €9,154 | €21,049 | +€11,895 | +130% |
| Amounts receivable within one year | 40/41 | €7,392 | €9,869 | +€2,477 | +33.5% |
| Other amounts receivable | 41 | €7,392 | €9,869 | +€2,477 | +33.5% |
| Cash at bank and in hand | 54/58 | €1,761 | €11,180 | +€9,419 | +535% |
| Total equity and liabilities | 10/49 | €145,132 | €140,555 | -€4,576 | -3.2% |
| Equity | 10/15 | €130,241 | €136,288 | +€6,047 | +4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €104,930 | €69,624 | -€35,306 | -33.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,530 | €67,624 | -€16,906 | -20.0% |
| Distributable reserves | 133 | €18,400 | - | -€18,400 | |
| Profit (loss) carried forward | 14 | €5,311 | €46,664 | +€41,353 | +779% |
| Amounts payable | 17/49 | €14,891 | €4,267 | -€10,624 | -71.3% |
| Amounts payable within one year | 42/48 | €13,371 | €4,267 | -€9,104 | -68.1% |
| Current portion of amounts payable after more than one year | 42 | €9,248 | - | -€9,248 | |
| Trade debts | 44 | - | €51 | +€51 | |
| Suppliers | 440/4 | - | €51 | +€51 | |
| Taxes, remuneration and social security | 45 | €1,840 | - | -€1,840 | |
| Taxes | 450/3 | €1,840 | - | -€1,840 | |
| Other amounts payable | 47/48 | €2,283 | €4,217 | +€1,933 | +84.7% |
| Accrued charges and deferred income | 492/3 | €1,520 | - | -€1,520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,948 | €19,303 | +€356 | +1.9% |
| Other operating charges | 640/8 | €2,711 | €2,795 | +€85 | +3.1% |
| Gross operating margin | 9900 | €26,001 | €28,029 | +€2,028 | +7.8% |
| Operating profit (loss) | 9901 | €4,342 | €5,930 | +€1,588 | +36.6% |
| Financial charges | 65/66B | €929 | €200 | -€730 | -78.5% |
| Recurring financial charges | 65 | €929 | €200 | -€730 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €3,413 | €5,731 | +€2,317 | +67.9% |
| Income taxes | 67/77 | €1,840 | €1,523 | -€317 | -17.2% |
| Profit (loss) for the period | 9904 | €1,573 | €4,207 | +€2,634 | +167% |
| Transfer from tax-exempt reserves | 789 | €16,906 | €16,906 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,479 | €21,113 | +€2,634 | +14.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.