immo charlie: what changed
immo charlie
Largest movements
- Tangible fixed assets -€64,527
down €64,527 (-17.6%), from €367,494 to €302,967
of which Land and buildings: -€52,064
- Cash -€42,754
down €42,754 (-92.3%), from €46,323 to €3,569
mainly Net result for the year (-€42,911) and Debts after one year (-€30,907)
- Receivables within one year +€13,486
up €13,486 (+129%), from €10,428 to €23,914
of which Trade receivables: +€23,314
- Profit (loss) carried forward -€42,911
down €42,911 (-37.6%), from -€114,142 to -€157,053
- Debts after one year -€30,907
down €30,907 (-8.6%), from €360,135 to €329,227
- Other debts -€17,508
down €17,508 (-31.5%), from €55,493 to €37,985
- Tax, wage and social debts -€4,458
down €4,458 (-66.5%), from €6,707 to €2,249
- Gross operating margin +€8,560
up €8,560 (+49.6%), from -€17,255 to -€8,695
- Depreciation -€7,483
down €7,483 (-28.4%), from €26,381 to €18,898
- Financial charges -€836
down €836 (-6.3%), from €13,210 to €12,374
- Other operating charges +€818
up €818 (+41.8%), from €1,957 to €2,775
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €429,615 | €333,982 | -€95,634 | -22.3% |
| Fixed assets | 21/28 | €369,588 | €304,172 | -€65,416 | -17.7% |
| Intangible fixed assets | 21 | €2,094 | €1,205 | -€889 | -42.5% |
| Tangible fixed assets | 22/27 | €367,494 | €302,967 | -€64,527 | -17.6% |
| Land and buildings | 22 | €336,275 | €284,211 | -€52,064 | -15.5% |
| Plant, machinery and equipment | 23 | €1,569 | €905 | -€664 | -42.3% |
| Furniture and vehicles | 24 | €1,681 | €0 | -€1,681 | -100% |
| Leasing and similar rights | 25 | €27,969 | €17,851 | -€10,118 | -36.2% |
| Current assets | 29/58 | €60,027 | €29,809 | -€30,218 | -50.3% |
| Amounts receivable within one year | 40/41 | €10,428 | €23,914 | +€13,486 | +129% |
| Trade receivables | 40 | €600 | €23,914 | +€23,314 | +3,886% |
| Other amounts receivable | 41 | €9,828 | €0 | -€9,828 | -100% |
| Cash at bank and in hand | 54/58 | €46,323 | €3,569 | -€42,754 | -92.3% |
| Deferred charges and accrued income | 490/1 | €3,276 | €2,326 | -€951 | -29.0% |
| Total equity and liabilities | 10/49 | €429,615 | €333,982 | -€95,634 | -22.3% |
| Equity | 10/15 | -€25,206 | -€68,117 | -€42,911 | -170% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,936 | €83,936 | = | 0.0% |
| Distributable reserves | 133 | €83,936 | €83,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,142 | -€157,053 | -€42,911 | -37.6% |
| Amounts payable | 17/49 | €454,821 | €402,099 | -€52,723 | -11.6% |
| Amounts payable after more than one year | 17 | €360,135 | €329,227 | -€30,907 | -8.6% |
| Financial debts | 170/4 | €360,135 | €329,227 | -€30,907 | -8.6% |
| Amounts payable within one year | 42/48 | €94,687 | €72,871 | -€21,815 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €29,983 | €30,907 | +€924 | +3.1% |
| Financial debts | 43 | - | €94 | +€94 | |
| Credit institutions | 430/8 | - | €94 | +€94 | |
| Trade debts | 44 | €2,503 | €1,635 | -€868 | -34.7% |
| Suppliers | 440/4 | €2,503 | €1,635 | -€868 | -34.7% |
| Taxes, remuneration and social security | 45 | €6,707 | €2,249 | -€4,458 | -66.5% |
| Taxes | 450/3 | €6,707 | €2,249 | -€4,458 | -66.5% |
| Other amounts payable | 47/48 | €55,493 | €37,985 | -€17,508 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,381 | €18,898 | -€7,483 | -28.4% |
| Other operating charges | 640/8 | €1,957 | €2,775 | +€818 | +41.8% |
| Gross operating margin | 9900 | -€17,255 | -€8,695 | +€8,560 | +49.6% |
| Operating profit (loss) | 9901 | -€45,593 | -€30,369 | +€15,224 | +33.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €13,210 | €12,374 | -€836 | -6.3% |
| Recurring financial charges | 65 | €13,210 | €12,374 | -€836 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,803 | -€42,743 | +€16,060 | +27.3% |
| Income taxes | 67/77 | €176 | €169 | -€8 | -4.4% |
| Profit (loss) for the period | 9904 | -€58,979 | -€42,911 | +€16,068 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,979 | -€42,911 | +€16,068 | +27.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.