IMMO C: 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 C
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-63.4%), from €1.9m to €678,734
- Tangible fixed assets +€360,227
up €360,227 (+116.0%), from €310,486 to €670,713
of which Land and buildings: +€362,611
- Receivables within one year +€49,669
up €49,669 (+826.3%), from €6,011 to €55,679
of which Other amounts receivable: +€31,107
- Cash +€45,625
up €45,625 (+87.8%), from €51,954 to €97,579
mainly Stocks and contracts (+€1.2m) and Depreciation (+€7,223)
- Short-term financial debts -€683,753
down €683,753 (-61.4%), from €1.1m to €429,671
- Debts after one year -€22,321
down €22,321 (-2.4%), from €924,524 to €902,203
- Gross operating margin +€47,964
up €47,964 (+50.2%), from €95,518 to €143,481
- Financial charges +€25,863
up €25,863 (+33.6%), from €77,058 to €102,921
- Other operating charges +€25,020
up €25,020 (+665.9%), from €3,758 to €28,778
- Taxes -€1,733
down €1,733 (-49.0%), from €3,539 to €1,807
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 | €2,225,097 | €1,502,726 | -€722,371 | -32.5% |
| Fixed assets | 21/28 | €310,506 | €670,733 | +€360,227 | +116.0% |
| Tangible fixed assets | 22/27 | €310,486 | €670,713 | +€360,227 | +116.0% |
| Land and buildings | 22 | €295,889 | €658,501 | +€362,611 | +122.5% |
| Furniture and vehicles | 24 | €14,597 | €12,213 | -€2,384 | -16.3% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €1,914,590 | €831,993 | -€1.1m | -56.5% |
| Stocks and contracts in progress | 3 | €1,856,625 | €678,734 | -€1.2m | -63.4% |
| Stocks | 30/36 | €1,856,625 | €678,734 | -€1.2m | -63.4% |
| Amounts receivable within one year | 40/41 | €6,011 | €55,679 | +€49,669 | +826.3% |
| Trade receivables | 40 | €2,412 | €20,973 | +€18,561 | +769.7% |
| Other amounts receivable | 41 | €3,599 | €34,707 | +€31,107 | +864.3% |
| Cash at bank and in hand | 54/58 | €51,954 | €97,579 | +€45,625 | +87.8% |
| Total equity and liabilities | 10/49 | €2,225,097 | €1,502,726 | -€722,371 | -32.5% |
| Equity | 10/15 | €104,856 | €108,209 | +€3,353 | +3.2% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,856 | €63,209 | +€3,353 | +5.6% |
| Amounts payable | 17/49 | €2,120,241 | €1,394,517 | -€725,724 | -34.2% |
| Amounts payable after more than one year | 17 | €924,524 | €902,203 | -€22,321 | -2.4% |
| Financial debts | 170/4 | €924,524 | €902,203 | -€22,321 | -2.4% |
| Amounts payable within one year | 42/48 | €1,195,717 | €492,314 | -€703,403 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €16,862 | €17,321 | +€460 | +2.7% |
| Financial debts | 43 | €1,113,424 | €429,671 | -€683,753 | -61.4% |
| Credit institutions | 430/8 | €1,113,424 | €429,671 | -€683,753 | -61.4% |
| Trade debts | 44 | €50,058 | €34,332 | -€15,726 | -31.4% |
| Suppliers | 440/4 | €50,058 | €34,332 | -€15,726 | -31.4% |
| Taxes, remuneration and social security | 45 | €14,262 | €10,147 | -€4,115 | -28.9% |
| Taxes | 450/3 | €12,840 | €8,725 | -€4,115 | -32.0% |
| Remuneration and social security | 454/9 | €1,423 | €1,423 | = | 0.0% |
| Other amounts payable | 47/48 | €1,111 | €843 | -€268 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,223 | €7,223 | = | 0.0% |
| Other operating charges | 640/8 | €3,758 | €28,778 | +€25,020 | +665.9% |
| Gross operating margin | 9900 | €95,518 | €143,481 | +€47,964 | +50.2% |
| Operating profit (loss) | 9901 | €84,537 | €107,481 | +€22,944 | +27.1% |
| Financial income | 75/76B | €1,332 | €600 | -€731 | -54.9% |
| Recurring financial income | 75 | €1,332 | €600 | -€731 | -54.9% |
| Financial charges | 65/66B | €77,058 | €102,921 | +€25,863 | +33.6% |
| Recurring financial charges | 65 | €77,058 | €102,921 | +€25,863 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €8,811 | €5,160 | -€3,651 | -41.4% |
| Income taxes | 67/77 | €3,539 | €1,807 | -€1,733 | -49.0% |
| Profit (loss) for the period | 9904 | €5,272 | €3,353 | -€1,918 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,272 | €3,353 | -€1,918 | -36.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.