Immo Construct: 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 Construct
Largest movements
- Receivables within one year -€6,114
down €6,114 (-26.4%), from €23,153 to €17,039
of which Trade receivables: -€6,321
- Tangible fixed assets -€1,484
down €1,484 (-43.8%), from €3,390 to €1,907
of which Furniture and vehicles: -€1,010
- Cash -€372
down €372 (-11.6%), from €3,194 to €2,822
mainly Contributions, distributions and other (-€35,000) and Other debts (-€9,394)
- Other debts -€9,394
down €9,394 (-98.3%), from €9,560 to €166
- Reserves +€1,745
new in 2025: €1,745
- Tax, wage and social debts -€1,577
no longer reported in 2025 (was €1,577)
- Trade debts +€1,256
new in 2025: €1,256
- Gross operating margin -€275,553
down €275,553 (-83.3%), from €330,671 to €55,118
- Taxes -€70,199
down €70,199 (-83.8%), from €83,784 to €13,585
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 | €29,737 | €21,768 | -€7,969 | -26.8% |
| Fixed assets | 21/28 | €3,390 | €1,907 | -€1,484 | -43.8% |
| Tangible fixed assets | 22/27 | €3,390 | €1,907 | -€1,484 | -43.8% |
| Plant, machinery and equipment | 23 | €900 | €427 | -€474 | -52.6% |
| Furniture and vehicles | 24 | €2,490 | €1,480 | -€1,010 | -40.6% |
| Current assets | 29/58 | €26,347 | €19,861 | -€6,486 | -24.6% |
| Amounts receivable within one year | 40/41 | €23,153 | €17,039 | -€6,114 | -26.4% |
| Trade receivables | 40 | €21,938 | €15,616 | -€6,321 | -28.8% |
| Other amounts receivable | 41 | €1,216 | €1,423 | +€207 | +17.1% |
| Cash at bank and in hand | 54/58 | €3,194 | €2,822 | -€372 | -11.6% |
| Total equity and liabilities | 10/49 | €29,737 | €21,768 | -€7,969 | -26.8% |
| Equity | 10/15 | €18,600 | €20,345 | +€1,745 | +9.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €1,745 | +€1,745 | |
| Distributable reserves | 133 | - | €1,745 | +€1,745 | |
| Amounts payable | 17/49 | €11,137 | €1,423 | -€9,714 | -87.2% |
| Amounts payable within one year | 42/48 | €11,137 | €1,423 | -€9,714 | -87.2% |
| Trade debts | 44 | - | €1,256 | +€1,256 | |
| Suppliers | 440/4 | - | €1,256 | +€1,256 | |
| Taxes, remuneration and social security | 45 | €1,577 | - | -€1,577 | |
| Taxes | 450/3 | €1,577 | - | -€1,577 | |
| Other amounts payable | 47/48 | €9,560 | €166 | -€9,394 | -98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €1,484 | +€469 | +46.2% |
| Other operating charges | 640/8 | €6,274 | €3,304 | -€2,970 | -47.3% |
| Gross operating margin | 9900 | €330,671 | €55,118 | -€275,553 | -83.3% |
| Operating profit (loss) | 9901 | €323,382 | €50,330 | -€273,052 | -84.4% |
| Financial income | 75/76B | €926 | - | -€926 | |
| Recurring financial income | 75 | €926 | - | -€926 | |
| Profit (loss) for the period before taxes | 9903 | €324,308 | €50,330 | -€273,978 | -84.5% |
| Income taxes | 67/77 | €83,784 | €13,585 | -€70,199 | -83.8% |
| Profit (loss) for the period | 9904 | €240,524 | €36,745 | -€203,779 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €240,524 | €36,745 | -€203,779 | -84.7% |
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 13 October 2026 via checked.be.