IMMO CONCEPT RD: what changed
Two financial 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 RD
Largest movements
- Tangible fixed assets +€395,088
up €395,088 (+94.2%), from €419,483 to €814,571
of which Land and buildings: +€429,993
- Cash -€231,730
down €231,730 (-77.3%), from €299,785 to €68,055
mainly Investment in fixed assets (net) (-€548,236) and Receivables within one year (-€106,415)
- Receivables within one year +€106,415
up €106,415 (+33.1%), from €321,667 to €428,082
of which Trade receivables: +€102,785
- Financial fixed assets +€74,479
up €74,479 (+7,107%), from €1,048 to €75,527
- Debts after one year +€281,729
up €281,729 (+112%), from €250,618 to €532,347
- Current portion of long-term debt +€56,987
up €56,987 (+117%), from €48,864 to €105,851
- Tax, wage and social debts -€29,316
down €29,316 (-51.9%), from €56,502 to €27,186
of which Remuneration and social security: -€29,368
- Profit (loss) carried forward +€26,835
up €26,835 (+5.9%), from €453,272 to €480,107
- Gross operating margin -€247,074
down €247,074 (-21.0%), from €1.2m to €931,069
- Staff costs -€120,696
down €120,696 (-14.0%), from €860,600 to €739,904
- Taxes -€42,979
down €42,979 (-63.6%), from €67,627 to €24,648
- Depreciation +€33,944
up €33,944 (+64.0%), from €53,061 to €87,005
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.
Derived cash bridge
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 | €1,054,222 | €1,399,924 | +€345,702 | +32.8% |
| Fixed assets | 21/28 | €428,867 | €890,098 | +€461,231 | +108% |
| Intangible fixed assets | 21 | €8,337 | - | -€8,337 | |
| Tangible fixed assets | 22/27 | €419,483 | €814,571 | +€395,088 | +94.2% |
| Land and buildings | 22 | €105,621 | €535,613 | +€429,993 | +407% |
| Plant, machinery and equipment | 23 | €23,254 | €16,769 | -€6,485 | -27.9% |
| Furniture and vehicles | 24 | €26,054 | €11,201 | -€14,852 | -57.0% |
| Other tangible fixed assets | 26 | €264,555 | €250,988 | -€13,567 | -5.1% |
| Financial fixed assets | 28 | €1,048 | €75,527 | +€74,479 | +7,107% |
| Current assets | 29/58 | €625,355 | €509,825 | -€115,530 | -18.5% |
| Amounts receivable within one year | 40/41 | €321,667 | €428,082 | +€106,415 | +33.1% |
| Trade receivables | 40 | €252,669 | €355,454 | +€102,785 | +40.7% |
| Other amounts receivable | 41 | €68,998 | €72,628 | +€3,630 | +5.3% |
| Cash at bank and in hand | 54/58 | €299,785 | €68,055 | -€231,730 | -77.3% |
| Deferred charges and accrued income | 490/1 | €3,904 | €13,689 | +€9,785 | +251% |
| Total equity and liabilities | 10/49 | €1,054,222 | €1,399,924 | +€345,702 | +32.8% |
| Equity | 10/15 | €508,272 | €535,107 | +€26,835 | +5.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,272 | €480,107 | +€26,835 | +5.9% |
| Amounts payable | 17/49 | €545,950 | €864,817 | +€318,867 | +58.4% |
| Amounts payable after more than one year | 17 | €250,618 | €532,347 | +€281,729 | +112% |
| Financial debts | 170/4 | €250,618 | €532,347 | +€281,729 | +112% |
| Amounts payable within one year | 42/48 | €295,332 | €331,917 | +€36,586 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €48,864 | €105,851 | +€56,987 | +117% |
| Trade debts | 44 | €179,965 | €188,880 | +€8,915 | +5.0% |
| Suppliers | 440/4 | €179,965 | €188,880 | +€8,915 | +5.0% |
| Taxes, remuneration and social security | 45 | €56,502 | €27,186 | -€29,316 | -51.9% |
| Taxes | 450/3 | - | €52 | +€52 | |
| Remuneration and social security | 454/9 | €56,502 | €27,135 | -€29,368 | -52.0% |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €553 | +€553 | |
| Non-recurring operating income | 76A | €1,889 | - | -€1,889 | |
| Remuneration, social security and pensions | 62 | €860,600 | €739,904 | -€120,696 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,061 | €87,005 | +€33,944 | +64.0% |
| Other operating charges | 640/8 | €7,355 | €13,685 | +€6,330 | +86.1% |
| Gross operating margin | 9900 | €1,178,144 | €931,069 | -€247,074 | -21.0% |
| Operating profit (loss) | 9901 | €257,127 | €90,475 | -€166,652 | -64.8% |
| Financial income | 75/76B | €111 | €161 | +€50 | +45.2% |
| Recurring financial income | 75 | €111 | €161 | +€50 | +45.2% |
| Financial charges | 65/66B | €21,299 | €29,154 | +€7,855 | +36.9% |
| Recurring financial charges | 65 | €21,299 | €29,154 | +€7,855 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €235,939 | €61,483 | -€174,457 | -73.9% |
| Income taxes | 67/77 | €67,627 | €24,648 | -€42,979 | -63.6% |
| Profit (loss) for the period | 9904 | €168,312 | €36,835 | -€131,478 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €168,312 | €36,835 | -€131,478 | -78.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.