IMMO CHARGO: 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 CHARGO
Largest movements
- Cash -€50,309
down €50,309 (-82.0%), from €61,387 to €11,078
mainly Debts after one year (-€90,000) and Investment in fixed assets (net) (-€44,549)
- Tangible fixed assets -€41,381
down €41,381 (-2.0%), from €2.0m to €2.0m
of which Land and buildings: -€65,627
- Debts after one year -€90,000
down €90,000 (-11.8%), from €765,000 to €675,000
- Gross operating margin -€7,852
down €7,852 (-7.2%), from €108,808 to €100,956
- Depreciation +€4,024
up €4,024 (+4.9%), from €81,906 to €85,931
- Taxes -€2,902
down €2,902 (-23.7%), from €12,243 to €9,342
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 | €2,104,431 | €2,021,583 | -€82,848 | -3.9% |
| Fixed assets | 21/28 | €2,039,604 | €1,998,223 | -€41,381 | -2.0% |
| Tangible fixed assets | 22/27 | €2,039,604 | €1,998,223 | -€41,381 | -2.0% |
| Land and buildings | 22 | €1,899,822 | €1,834,194 | -€65,627 | -3.5% |
| Furniture and vehicles | 24 | €629 | €177 | -€453 | -71.9% |
| Other tangible fixed assets | 26 | €139,153 | €163,852 | +€24,699 | +17.7% |
| Current assets | 29/58 | €64,827 | €23,360 | -€41,466 | -64.0% |
| Amounts receivable within one year | 40/41 | - | €9,920 | +€9,920 | |
| Trade receivables | 40 | - | €7,420 | +€7,420 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €61,387 | €11,078 | -€50,309 | -82.0% |
| Deferred charges and accrued income | 490/1 | €3,440 | €2,362 | -€1,077 | -31.3% |
| Total equity and liabilities | 10/49 | €2,104,431 | €2,021,583 | -€82,848 | -3.9% |
| Equity | 10/15 | €758,691 | €757,211 | -€1,480 | -0.2% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Reserves | 13 | €538,668 | €537,185 | -€1,484 | -0.3% |
| Non-distributable reserves | 130/1 | €22,000 | - | -€22,000 | |
| Reserves not available under the articles | 1311 | €22,000 | - | -€22,000 | |
| Tax-exempt reserves | 132 | €433,358 | €412,785 | -€20,574 | -4.7% |
| Distributable reserves | 133 | €83,310 | €124,400 | +€41,090 | +49.3% |
| Profit (loss) carried forward | 14 | €22 | €26 | +€4 | +17.5% |
| Provisions and deferred taxes | 16 | €226,027 | €215,433 | -€10,594 | -4.7% |
| Deferred taxes | 168 | €226,027 | €215,433 | -€10,594 | -4.7% |
| Amounts payable | 17/49 | €1,119,713 | €1,048,939 | -€70,774 | -6.3% |
| Amounts payable after more than one year | 17 | €765,000 | €675,000 | -€90,000 | -11.8% |
| Financial debts | 170/4 | €765,000 | €675,000 | -€90,000 | -11.8% |
| Amounts payable within one year | 42/48 | €354,713 | €373,939 | +€19,226 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €90,000 | = | 0.0% |
| Trade debts | 44 | - | €7,420 | +€7,420 | |
| Suppliers | 440/4 | - | €7,420 | +€7,420 | |
| Taxes, remuneration and social security | 45 | €2,748 | €4,590 | +€1,842 | +67.0% |
| Taxes | 450/3 | €2,748 | €4,590 | +€1,842 | +67.0% |
| Other amounts payable | 47/48 | €261,965 | €271,929 | +€9,964 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,906 | €85,931 | +€4,024 | +4.9% |
| Other operating charges | 640/8 | €12,444 | €12,162 | -€282 | -2.3% |
| Gross operating margin | 9900 | €108,808 | €100,956 | -€7,852 | -7.2% |
| Operating profit (loss) | 9901 | €14,457 | €2,864 | -€11,594 | -80.2% |
| Financial charges | 65/66B | €5,894 | €5,596 | -€298 | -5.1% |
| Recurring financial charges | 65 | €5,894 | €5,596 | -€298 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €8,563 | -€2,732 | -€11,295 | |
| Transfer from deferred taxes | 780 | €10,594 | €10,594 | = | 0.0% |
| Income taxes | 67/77 | €12,243 | €9,342 | -€2,902 | -23.7% |
| Profit (loss) for the period | 9904 | €6,914 | -€1,480 | -€8,394 | |
| Transfer from tax-exempt reserves | 789 | €20,574 | €20,574 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,487 | €19,094 | -€8,394 | -30.5% |
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 6 October 2026 via checked.be.