Immo CM: 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 CM
Largest movements
- Tangible fixed assets +€79,320
up €79,320 (+17.2%), from €460,825 to €540,145
- Cash -€8,671
down €8,671 (-29.8%), from €29,072 to €20,401
mainly Investment in fixed assets (net) (-€114,002) and Other debts (-€12,774)
- Reserves +€37,500
up €37,500 (+18.3%), from €204,500 to €242,000
- Debts after one year +€34,214
up €34,214 (+33.9%), from €101,056 to €135,270
- Other debts -€12,774
down €12,774 (-7.5%), from €170,468 to €157,693
- Current portion of long-term debt +€10,824
up €10,824 (+45.2%), from €23,962 to €34,786
- Gross operating margin -€15,773
down €15,773 (-14.8%), from €106,311 to €90,538
- Taxes -€8,716
down €8,716 (-53.0%), from €16,430 to €7,715
- Depreciation +€4,646
up €4,646 (+15.5%), from €30,036 to €34,682
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €520,079 | €589,855 | +€69,776 | +13.4% |
| Fixed assets | 21/28 | €460,825 | €540,145 | +€79,320 | +17.2% |
| Tangible fixed assets | 22/27 | €460,825 | €540,145 | +€79,320 | +17.2% |
| Land and buildings | 22 | €460,825 | €540,145 | +€79,320 | +17.2% |
| Current assets | 29/58 | €59,255 | €49,711 | -€9,544 | -16.1% |
| Amounts receivable within one year | 40/41 | €14,161 | €13,288 | -€873 | -6.2% |
| Trade receivables | 40 | €197 | €0 | -€197 | -100.0% |
| Other amounts receivable | 41 | €13,964 | €13,288 | -€677 | -4.8% |
| Cash at bank and in hand | 54/58 | €29,072 | €20,401 | -€8,671 | -29.8% |
| Deferred charges and accrued income | 490/1 | €16,022 | €16,022 | = | 0.0% |
| Total equity and liabilities | 10/49 | €520,079 | €589,855 | +€69,776 | +13.4% |
| Equity | 10/15 | €223,163 | €260,675 | +€37,512 | +16.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,500 | €242,000 | +€37,500 | +18.3% |
| Distributable reserves | 133 | €204,500 | €242,000 | +€37,500 | +18.3% |
| Profit (loss) carried forward | 14 | €63 | €75 | +€12 | +19.2% |
| Amounts payable | 17/49 | €296,916 | €329,180 | +€32,264 | +10.9% |
| Amounts payable after more than one year | 17 | €101,056 | €135,270 | +€34,214 | +33.9% |
| Financial debts | 170/4 | €101,056 | €135,270 | +€34,214 | +33.9% |
| Amounts payable within one year | 42/48 | €195,860 | €193,910 | -€1,950 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €23,962 | €34,786 | +€10,824 | +45.2% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,430 | €1,430 | = | 0.0% |
| Taxes | 450/3 | €1,430 | €1,430 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €170,468 | €157,693 | -€12,774 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,036 | €34,682 | +€4,646 | +15.5% |
| Other operating charges | 640/8 | €5,505 | €5,663 | +€158 | +2.9% |
| Gross operating margin | 9900 | €106,311 | €90,538 | -€15,773 | -14.8% |
| Operating profit (loss) | 9901 | €70,770 | €50,193 | -€20,577 | -29.1% |
| Financial charges | 65/66B | €5,049 | €4,966 | -€82 | -1.6% |
| Recurring financial charges | 65 | €5,049 | €4,966 | -€82 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €65,722 | €45,227 | -€20,495 | -31.2% |
| Income taxes | 67/77 | €16,430 | €7,715 | -€8,716 | -53.0% |
| Profit (loss) for the period | 9904 | €49,291 | €37,512 | -€11,779 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,291 | €37,512 | -€11,779 | -23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.