Immo Concept: 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 Concept
Largest movements
- Receivables within one year +€85,912
up €85,912 (+59.2%), from €145,008 to €230,920
of which Other amounts receivable: +€84,498
- Tangible fixed assets -€18,887
down €18,887 (-3.2%), from €581,218 to €562,331
- Other debts +€60,198
up €60,198 (+5.8%), from €1.0m to €1.1m
- Depreciation -€6,067
down €6,067 (-24.3%), from €24,954 to €18,887
- Gross operating margin +€2,809
up €2,809 (+9.0%), from €31,098 to €33,907
- Financial charges +€838
up €838 (+14.5%), from €5,792 to €6,630
- Financial income +€342
up €342 (+5.0%), from €6,901 to €7,244
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 | €1,706,508 | €1,773,524 | +€67,017 | +3.9% |
| Fixed assets | 21/28 | €1,561,491 | €1,542,604 | -€18,887 | -1.2% |
| Tangible fixed assets | 22/27 | €581,218 | €562,331 | -€18,887 | -3.2% |
| Land and buildings | 22 | €581,218 | €562,331 | -€18,887 | -3.2% |
| Financial fixed assets | 28 | €980,273 | €980,273 | = | 0.0% |
| Current assets | 29/58 | €145,017 | €230,921 | +€85,904 | +59.2% |
| Amounts receivable within one year | 40/41 | €145,008 | €230,920 | +€85,912 | +59.2% |
| Trade receivables | 40 | €80 | €1,494 | +€1,414 | +1774.4% |
| Other amounts receivable | 41 | €144,929 | €229,427 | +€84,498 | +58.3% |
| Cash at bank and in hand | 54/58 | €9 | €1 | -€8 | -92.7% |
| Total equity and liabilities | 10/49 | €1,706,508 | €1,773,524 | +€67,017 | +3.9% |
| Equity | 10/15 | €272,533 | €283,189 | +€10,656 | +3.9% |
| Contributions | 10/11 | €291,000 | €291,000 | = | 0.0% |
| Capital | 10 | €291,000 | €291,000 | = | 0.0% |
| Issued capital | 100 | €291,000 | €291,000 | = | 0.0% |
| Reserves | 13 | €1,612 | €1,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,612 | €1,612 | = | 0.0% |
| Legal reserve | 130 | €1,612 | €1,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,079 | -€9,423 | +€10,656 | +53.1% |
| Amounts payable | 17/49 | €1,433,974 | €1,490,335 | +€56,361 | +3.9% |
| Amounts payable after more than one year | 17 | €42,399 | €36,864 | -€5,535 | -13.1% |
| Financial debts | 170/4 | €41,139 | €35,604 | -€5,535 | -13.5% |
| Other amounts payable | 178/9 | €1,260 | €1,260 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,051,366 | €1,114,762 | +€63,396 | +6.0% |
| Current portion of amounts payable after more than one year | 42 | €7,413 | €5,535 | -€1,879 | -25.3% |
| Trade debts | 44 | €2,735 | €7,258 | +€4,523 | +165.4% |
| Suppliers | 440/4 | €2,735 | €7,258 | +€4,523 | +165.4% |
| Taxes, remuneration and social security | 45 | €300 | €853 | +€553 | +184.5% |
| Taxes | 450/3 | €300 | €853 | +€553 | +184.5% |
| Other amounts payable | 47/48 | €1,040,918 | €1,101,115 | +€60,198 | +5.8% |
| Accrued charges and deferred income | 492/3 | €340,209 | €338,709 | -€1,500 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,954 | €18,887 | -€6,067 | -24.3% |
| Other operating charges | 640/8 | €4,757 | €4,978 | +€221 | +4.6% |
| Gross operating margin | 9900 | €31,098 | €33,907 | +€2,809 | +9.0% |
| Operating profit (loss) | 9901 | €1,387 | €10,042 | +€8,655 | +623.8% |
| Financial income | 75/76B | €6,901 | €7,244 | +€342 | +5.0% |
| Recurring financial income | 75 | €6,901 | €7,244 | +€342 | +5.0% |
| Financial charges | 65/66B | €5,792 | €6,630 | +€838 | +14.5% |
| Recurring financial charges | 65 | €5,792 | €6,630 | +€838 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €2,497 | €10,656 | +€8,159 | +326.7% |
| Profit (loss) for the period | 9904 | €2,497 | €10,656 | +€8,159 | +326.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,497 | €10,656 | +€8,159 | +326.7% |
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 29 September 2026 via checked.be.