IMMO CONSEILS: 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 CONSEILS
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+16.4%), from €17.3m to €20.1m
of which Other amounts receivable: +€2.9m
- Tangible fixed assets -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Stocks and contracts -€686,761
down €686,761 (-51.1%), from €1.3m to €657,239
- Profit (loss) carried forward +€329,348
up €329,348 (+2.5%), from €13.1m to €13.5m
- Taxes -€426,731
down €426,731 (-78.1%), from €546,621 to €119,890
- Financial income -€290,999
down €290,999 (-91.4%), from €318,326 to €27,327
of which Non-recurring financial income: -€264,000
- Gross operating margin -€289,064
down €289,064 (-29.8%), from €971,265 to €682,201
- Financial charges +€77,707
up €77,707 (+43.5%), from €178,836 to €256,542
of which Financial charges: +€77,707
- Depreciation -€37,854
down €37,854 (-100%), from €37,854 to €0
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 | €20,742,379 | €21,371,657 | +€629,278 | +3.0% |
| Fixed assets | 21/28 | €2,126,867 | €628,000 | -€1.5m | -70.5% |
| Tangible fixed assets | 22/27 | €1,498,867 | €0 | -€1.5m | -100% |
| Land and buildings | 22 | €1,498,867 | €0 | -€1.5m | -100% |
| Financial fixed assets | 28 | €628,000 | €628,000 | = | 0.0% |
| Current assets | 29/58 | €18,615,512 | €20,743,657 | +€2.1m | +11.4% |
| Stocks and contracts in progress | 3 | €1,344,000 | €657,239 | -€686,761 | -51.1% |
| Stocks | 30/36 | €1,344,000 | €657,239 | -€686,761 | -51.1% |
| Amounts receivable within one year | 40/41 | €17,252,528 | €20,075,028 | +€2.8m | +16.4% |
| Trade receivables | 40 | €102,500 | €75,000 | -€27,500 | -26.8% |
| Other amounts receivable | 41 | €17,150,028 | €20,000,028 | +€2.9m | +16.6% |
| Cash at bank and in hand | 54/58 | €18,632 | €11,390 | -€7,242 | -38.9% |
| Deferred charges and accrued income | 490/1 | €352 | €0 | -€352 | -100% |
| Total equity and liabilities | 10/49 | €20,742,379 | €21,371,657 | +€629,278 | +3.0% |
| Equity | 10/15 | €16,294,940 | €16,624,288 | +€329,348 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,139,348 | €3,139,348 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,571,616 | €923,028 | -€648,588 | -41.3% |
| Distributable reserves | 133 | €1,565,872 | €2,214,460 | +€648,588 | +41.4% |
| Profit (loss) carried forward | 14 | €13,149,393 | €13,478,741 | +€329,348 | +2.5% |
| Amounts payable | 17/49 | €4,447,439 | €4,747,369 | +€299,931 | +6.7% |
| Amounts payable within one year | 42/48 | €4,447,439 | €4,747,369 | +€299,931 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €628,000 | €628,000 | = | 0.0% |
| Financial debts | 43 | €3,300,000 | €3,500,000 | +€200,000 | +6.1% |
| Credit institutions | 430/8 | €3,300,000 | €3,500,000 | +€200,000 | +6.1% |
| Trade debts | 44 | €1,007 | €1,105 | +€98 | +9.8% |
| Suppliers | 440/4 | €1,007 | €1,105 | +€98 | +9.8% |
| Advances received on contracts in progress | 46 | €1,985 | €0 | -€1,985 | -100% |
| Taxes, remuneration and social security | 45 | €510,843 | €601,125 | +€90,282 | +17.7% |
| Taxes | 450/3 | €510,843 | €601,125 | +€90,282 | +17.7% |
| Other amounts payable | 47/48 | €5,604 | €17,140 | +€11,536 | +206% |
| Remuneration, social security and pensions | 62 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,854 | €0 | -€37,854 | -100% |
| Other operating charges | 640/8 | €6,843 | €3,748 | -€3,095 | -45.2% |
| Gross operating margin | 9900 | €971,265 | €682,201 | -€289,064 | -29.8% |
| Operating profit (loss) | 9901 | €926,569 | €678,454 | -€248,115 | -26.8% |
| Financial income | 75/76B | €318,326 | €27,327 | -€290,999 | -91.4% |
| Recurring financial income | 75 | €54,326 | €27,327 | -€26,999 | -49.7% |
| Non-recurring financial income | 76B | €264,000 | €0 | -€264,000 | -100% |
| Financial charges | 65/66B | €178,836 | €256,542 | +€77,707 | +43.5% |
| Recurring financial charges | 65 | €178,836 | €256,542 | +€77,707 | +43.5% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €1,066,059 | €449,238 | -€616,821 | -57.9% |
| Income taxes | 67/77 | €546,621 | €119,890 | -€426,731 | -78.1% |
| Profit (loss) for the period | 9904 | €519,438 | €329,348 | -€190,090 | -36.6% |
| Transfer from tax-exempt reserves | 789 | €1,111,440 | €0 | -€1.1m | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,630,878 | €329,348 | -€1.3m | -79.8% |
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.