IMMO - COS: 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 - COS
Largest movements
- Tangible fixed assets +€741,167
up €741,167 (+111.2%), from €666,808 to €1.4m
of which Land and buildings: +€751,751
- Cash -€73,189
down €73,189 (-96.7%), from €75,666 to €2,478
mainly Investment in fixed assets (net) (-€804,905) and Trade debts (-€110,339)
- Deferred charges and accrued income -€25,131
down €25,131 (-84.8%), from €29,639 to €4,508
- Revaluation surpluses +€778,500
new in 2025: €778,500
- Trade debts -€110,339
down €110,339 (-76.0%), from €145,278 to €34,939
- Debts after one year -€28,234
down €28,234 (-17.8%), from €158,243 to €130,009
- Current portion of long-term debt -€16,416
down €16,416 (-36.8%), from €44,650 to €28,234
- Other operating charges -€11,852
down €11,852 (-31.2%), from €37,960 to €26,108
- Gross operating margin +€7,856
up €7,856 (+7.5%), from €104,411 to €112,268
- Taxes +€6,372
up €6,372 (+282.2%), from €2,258 to €8,630
- Depreciation +€2,495
up €2,495 (+4.1%), from €61,243 to €63,738
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 | €824,583 | €1,458,635 | +€634,051 | +76.9% |
| Fixed assets | 21/28 | €666,808 | €1,407,975 | +€741,167 | +111.2% |
| Tangible fixed assets | 22/27 | €666,808 | €1,407,975 | +€741,167 | +111.2% |
| Land and buildings | 22 | €623,909 | €1,375,660 | +€751,751 | +120.5% |
| Furniture and vehicles | 24 | €42,900 | €32,316 | -€10,584 | -24.7% |
| Current assets | 29/58 | €157,775 | €50,659 | -€107,115 | -67.9% |
| Amounts receivable within one year | 40/41 | €52,470 | €43,674 | -€8,796 | -16.8% |
| Trade receivables | 40 | €31,822 | - | -€31,822 | |
| Other amounts receivable | 41 | €20,648 | €43,674 | +€23,026 | +111.5% |
| Cash at bank and in hand | 54/58 | €75,666 | €2,478 | -€73,189 | -96.7% |
| Deferred charges and accrued income | 490/1 | €29,639 | €4,508 | -€25,131 | -84.8% |
| Total equity and liabilities | 10/49 | €824,583 | €1,458,635 | +€634,051 | +76.9% |
| Equity | 10/15 | €451,699 | €1,241,285 | +€789,586 | +174.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | - | €778,500 | +€778,500 | |
| Reserves | 13 | €433,149 | €444,235 | +€11,086 | +2.6% |
| Distributable reserves | 133 | €433,149 | €444,235 | +€11,086 | +2.6% |
| Amounts payable | 17/49 | €372,884 | €217,349 | -€155,535 | -41.7% |
| Amounts payable after more than one year | 17 | €158,243 | €130,009 | -€28,234 | -17.8% |
| Financial debts | 170/4 | €158,243 | €130,009 | -€28,234 | -17.8% |
| Amounts payable within one year | 42/48 | €207,243 | €87,278 | -€119,964 | -57.9% |
| Current portion of amounts payable after more than one year | 42 | €44,650 | €28,234 | -€16,416 | -36.8% |
| Trade debts | 44 | €145,278 | €34,939 | -€110,339 | -76.0% |
| Suppliers | 440/4 | €145,278 | €34,939 | -€110,339 | -76.0% |
| Taxes, remuneration and social security | 45 | €15,964 | €17,607 | +€1,643 | +10.3% |
| Taxes | 450/3 | €15,964 | €17,607 | +€1,643 | +10.3% |
| Other amounts payable | 47/48 | €1,350 | €6,498 | +€5,148 | +381.3% |
| Accrued charges and deferred income | 492/3 | €7,398 | €62 | -€7,336 | -99.2% |
| Non-recurring operating income | 76A | - | €201 | +€201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,243 | €63,738 | +€2,495 | +4.1% |
| Other operating charges | 640/8 | €37,960 | €26,108 | -€11,852 | -31.2% |
| Gross operating margin | 9900 | €104,411 | €112,268 | +€7,856 | +7.5% |
| Operating profit (loss) | 9901 | €5,208 | €22,422 | +€17,213 | +330.5% |
| Financial income | 75/76B | €413 | €850 | +€436 | +105.6% |
| Recurring financial income | 75 | €413 | €850 | +€436 | +105.6% |
| Financial charges | 65/66B | €4,595 | €3,555 | -€1,039 | -22.6% |
| Recurring financial charges | 65 | €4,595 | €3,555 | -€1,039 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €1,027 | €19,716 | +€18,689 | +1820.0% |
| Income taxes | 67/77 | €2,258 | €8,630 | +€6,372 | +282.2% |
| Profit (loss) for the period | 9904 | -€1,231 | €11,086 | +€12,317 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,231 | €11,086 | +€12,317 |
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 7 October 2026 via checked.be.