IMMO-BUG: 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-BUG
Largest movements
- Tangible fixed assets +€357,417
up €357,417 (+29.0%), from €1.2m to €1.6m
of which Land and buildings: +€357,812
- Cash -€66,876
down €66,876 (-84.2%), from €79,405 to €12,529
mainly Investment in fixed assets (net) (-€448,435) and Debts after one year (-€64,250)
- Deferred charges and accrued income +€17,705
up €17,705 (+2480.0%), from €714 to €18,419
- Other debts +€387,849
up €387,849 (+270.8%), from €143,221 to €531,070
- Debts after one year -€64,250
down €64,250 (-15.5%), from €414,518 to €350,268
- Current portion of long-term debt -€18,460
down €18,460 (-21.2%), from €87,171 to €68,711
- Depreciation +€48,435
up €48,435 (+113.7%), from €42,583 to €91,018
- Taxes -€19,274
down €19,274 (-91.6%), from €21,051 to €1,778
- Financial charges +€5,279
up €5,279 (+36.8%), from €14,354 to €19,634
- Gross operating margin -€4,268
down €4,268 (-3.3%), from €130,828 to €126,560
- Other operating charges +€2,594
up €2,594 (+33.6%), from €7,729 to €10,323
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,314,112 | €1,623,081 | +€308,969 | +23.5% |
| Fixed assets | 21/28 | €1,233,993 | €1,591,410 | +€357,417 | +29.0% |
| Tangible fixed assets | 22/27 | €1,233,993 | €1,591,410 | +€357,417 | +29.0% |
| Land and buildings | 22 | €1,232,644 | €1,590,456 | +€357,812 | +29.0% |
| Plant, machinery and equipment | 23 | €1,350 | €955 | -€395 | -29.3% |
| Current assets | 29/58 | €80,119 | €31,671 | -€48,448 | -60.5% |
| Amounts receivable within one year | 40/41 | - | €722 | +€722 | |
| Other amounts receivable | 41 | - | €722 | +€722 | |
| Cash at bank and in hand | 54/58 | €79,405 | €12,529 | -€66,876 | -84.2% |
| Deferred charges and accrued income | 490/1 | €714 | €18,419 | +€17,705 | +2480.0% |
| Total equity and liabilities | 10/49 | €1,314,112 | €1,623,081 | +€308,969 | +23.5% |
| Equity | 10/15 | €655,848 | €659,657 | +€3,809 | +0.6% |
| Contributions | 10/11 | €402,000 | €402,000 | = | 0.0% |
| Capital | 10 | €402,000 | €402,000 | = | 0.0% |
| Issued capital | 100 | €402,000 | €402,000 | = | 0.0% |
| Reserves | 13 | €253,848 | €257,657 | +€3,809 | +1.5% |
| Non-distributable reserves | 130/1 | €8,864 | €9,059 | +€195 | +2.2% |
| Legal reserve | 130 | €8,864 | €9,059 | +€195 | +2.2% |
| Distributable reserves | 133 | €244,984 | €248,598 | +€3,614 | +1.5% |
| Amounts payable | 17/49 | €658,264 | €963,424 | +€305,159 | +46.4% |
| Amounts payable after more than one year | 17 | €414,518 | €350,268 | -€64,250 | -15.5% |
| Financial debts | 170/4 | €414,518 | €350,268 | -€64,250 | -15.5% |
| Amounts payable within one year | 42/48 | €240,589 | €603,124 | +€362,535 | +150.7% |
| Current portion of amounts payable after more than one year | 42 | €87,171 | €68,711 | -€18,460 | -21.2% |
| Trade debts | 44 | €267 | €28 | -€240 | -89.7% |
| Suppliers | 440/4 | €267 | €28 | -€240 | -89.7% |
| Taxes, remuneration and social security | 45 | €9,929 | €3,316 | -€6,614 | -66.6% |
| Taxes | 450/3 | €9,929 | €3,316 | -€6,614 | -66.6% |
| Other amounts payable | 47/48 | €143,221 | €531,070 | +€387,849 | +270.8% |
| Accrued charges and deferred income | 492/3 | €3,158 | €10,032 | +€6,874 | +217.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,583 | €91,018 | +€48,435 | +113.7% |
| Other operating charges | 640/8 | €7,729 | €10,323 | +€2,594 | +33.6% |
| Gross operating margin | 9900 | €130,828 | €126,560 | -€4,268 | -3.3% |
| Operating profit (loss) | 9901 | €80,516 | €25,219 | -€55,297 | -68.7% |
| Financial income | 75/76B | €0 | €2 | +€2 | +2100.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +2100.0% |
| Financial charges | 65/66B | €14,354 | €19,634 | +€5,279 | +36.8% |
| Recurring financial charges | 65 | €14,354 | €19,634 | +€5,279 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €66,161 | €5,587 | -€60,574 | -91.6% |
| Income taxes | 67/77 | €21,051 | €1,778 | -€19,274 | -91.6% |
| Profit (loss) for the period | 9904 | €45,110 | €3,809 | -€41,301 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,110 | €3,809 | -€41,301 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.