IMMO CARO - JF: 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 CARO - JF
Largest movements
- Tangible fixed assets -€24,750
down €24,750 (-4.6%), from €540,939 to €516,189
- Cash +€7,354
up €7,354 (+667%), from €1,103 to €8,456
mainly Depreciation (+€29,277) and Net result for the year (+€5,139)
- Debts after one year -€29,026
down €29,026 (-5.7%), from €513,009 to €483,983
- Gross operating margin +€39,585
up €39,585 (+219%), from €18,110 to €57,695
- Depreciation +€18,558
up €18,558 (+173%), from €10,719 to €29,277
- Financial charges +€12,836
up €12,836 (+164%), from €7,831 to €20,667
- Taxes +€1,037
new in 2025: €1,037
- Other operating charges +€1,025
up €1,025 (+186%), from €551 to €1,576
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 | €618,720 | €596,549 | -€22,171 | -3.6% |
| Formation expenses | 20 | €76,431 | €71,905 | -€4,527 | -5.9% |
| Fixed assets | 21/28 | €540,939 | €516,189 | -€24,750 | -4.6% |
| Tangible fixed assets | 22/27 | €540,939 | €516,189 | -€24,750 | -4.6% |
| Land and buildings | 22 | €540,939 | €516,189 | -€24,750 | -4.6% |
| Current assets | 29/58 | €1,351 | €8,456 | +€7,106 | +526% |
| Amounts receivable within one year | 40/41 | €248 | - | -€248 | |
| Trade receivables | 40 | €248 | - | -€248 | |
| Cash at bank and in hand | 54/58 | €1,103 | €8,456 | +€7,354 | +667% |
| Total equity and liabilities | 10/49 | €618,720 | €596,549 | -€22,171 | -3.6% |
| Equity | 10/15 | €11,009 | €16,148 | +€5,139 | +46.7% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€991 | €4,148 | +€5,139 | |
| Amounts payable | 17/49 | €607,711 | €580,402 | -€27,309 | -4.5% |
| Amounts payable after more than one year | 17 | €513,009 | €483,983 | -€29,026 | -5.7% |
| Financial debts | 170/4 | €513,009 | €483,983 | -€29,026 | -5.7% |
| Amounts payable within one year | 42/48 | €94,702 | €96,419 | +€1,717 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €27,922 | €29,026 | +€1,104 | +4.0% |
| Trade debts | 44 | - | €576 | +€576 | |
| Suppliers | 440/4 | - | €576 | +€576 | |
| Taxes, remuneration and social security | 45 | - | €1,037 | +€1,037 | |
| Taxes | 450/3 | - | €1,037 | +€1,037 | |
| Other amounts payable | 47/48 | €66,780 | €65,780 | -€1,000 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,719 | €29,277 | +€18,558 | +173% |
| Other operating charges | 640/8 | €551 | €1,576 | +€1,025 | +186% |
| Gross operating margin | 9900 | €18,110 | €57,695 | +€39,585 | +219% |
| Operating profit (loss) | 9901 | €6,840 | €26,843 | +€20,002 | +292% |
| Financial charges | 65/66B | €7,831 | €20,667 | +€12,836 | +164% |
| Recurring financial charges | 65 | €7,831 | €20,667 | +€12,836 | +164% |
| Profit (loss) for the period before taxes | 9903 | -€991 | €6,175 | +€7,166 | |
| Income taxes | 67/77 | - | €1,037 | +€1,037 | |
| Profit (loss) for the period | 9904 | -€991 | €5,139 | +€6,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€991 | €5,139 | +€6,129 |
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 26 October 2026 via checked.be.