IMMO CERTA: 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 CERTA
Largest movements
- Tangible fixed assets -€83,202
down €83,202 (-4.5%), from €1.8m to €1.8m
of which Land and buildings: -€68,482
- Cash -€42,995
down €42,995 (-38.0%), from €113,188 to €70,192
mainly Other debts (-€142,964) and Contributions, distributions and other (-€33,600)
- Other debts -€142,964
down €142,964 (-13.2%), from €1.1m to €938,770
- Depreciation -€17,544
down €17,544 (-15.0%), from €117,257 to €99,713
- Gross operating margin +€14,118
up €14,118 (+8.1%), from €175,359 to €189,477
- Other operating charges +€13,222
up €13,222 (+84.7%), from €15,614 to €28,836
- Taxes -€2,251
down €2,251 (-66.2%), from €3,402 to €1,151
- Financial charges -€1,974
down €1,974 (-7.1%), from €27,772 to €25,799
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 | €1,984,466 | €1,850,817 | -€133,649 | -6.7% |
| Fixed assets | 21/28 | €1,837,590 | €1,754,388 | -€83,202 | -4.5% |
| Tangible fixed assets | 22/27 | €1,837,193 | €1,753,991 | -€83,202 | -4.5% |
| Land and buildings | 22 | €1,796,160 | €1,727,677 | -€68,482 | -3.8% |
| Plant, machinery and equipment | 23 | €603 | €275 | -€329 | -54.5% |
| Furniture and vehicles | 24 | €40,430 | €26,039 | -€14,391 | -35.6% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €146,876 | €96,429 | -€50,447 | -34.3% |
| Amounts receivable within one year | 40/41 | €30,262 | €22,511 | -€7,751 | -25.6% |
| Trade receivables | 40 | €23,626 | €15,313 | -€8,312 | -35.2% |
| Other amounts receivable | 41 | €6,636 | €7,197 | +€561 | +8.5% |
| Cash at bank and in hand | 54/58 | €113,188 | €70,192 | -€42,995 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,427 | €3,726 | +€299 | +8.7% |
| Total equity and liabilities | 10/49 | €1,984,466 | €1,850,817 | -€133,649 | -6.7% |
| Equity | 10/15 | €889,231 | €889,609 | +€378 | 0.0% |
| Contributions | 10/11 | €818,132 | €818,132 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,099 | €71,477 | +€378 | +0.5% |
| Amounts payable | 17/49 | €1,095,236 | €961,208 | -€134,028 | -12.2% |
| Amounts payable within one year | 42/48 | €1,095,236 | €961,208 | -€134,028 | -12.2% |
| Trade debts | 44 | €6,563 | €12,323 | +€5,761 | +87.8% |
| Suppliers | 440/4 | €6,563 | €12,323 | +€5,761 | +87.8% |
| Taxes, remuneration and social security | 45 | €6,939 | €10,115 | +€3,176 | +45.8% |
| Taxes | 450/3 | €6,939 | €10,115 | +€3,176 | +45.8% |
| Other amounts payable | 47/48 | €1,081,734 | €938,770 | -€142,964 | -13.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,257 | €99,713 | -€17,544 | -15.0% |
| Other operating charges | 640/8 | €15,614 | €28,836 | +€13,222 | +84.7% |
| Gross operating margin | 9900 | €175,359 | €189,477 | +€14,118 | +8.1% |
| Operating profit (loss) | 9901 | €42,488 | €60,928 | +€18,440 | +43.4% |
| Financial income | 75/76B | €42 | €0 | -€42 | -100.0% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -100.0% |
| Financial charges | 65/66B | €27,772 | €25,799 | -€1,974 | -7.1% |
| Recurring financial charges | 65 | €27,772 | €25,799 | -€1,974 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €14,758 | €35,129 | +€20,371 | +138.0% |
| Income taxes | 67/77 | €3,402 | €1,151 | -€2,251 | -66.2% |
| Profit (loss) for the period | 9904 | €11,356 | €33,978 | +€22,622 | +199.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,356 | €33,978 | +€22,622 | +199.2% |
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 30 September 2026 via checked.be.