IMMO CREATION: 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 CREATION
Largest movements
- Stocks and contracts -€70,425
down €70,425 (-40.4%), from €174,337 to €103,913
- Cash +€25,537
up €25,537 (+43.7%), from €58,439 to €83,976
mainly Stocks and contracts (+€70,425) and Net result for the year (+€29,606)
- Receivables within one year -€5,933
down €5,933 (-33.9%), from €17,501 to €11,568
of which Trade receivables: -€7,901
- Other debts -€42,771
down €42,771 (-19.9%), from €215,466 to €172,695
- Profit (loss) carried forward +€29,606
up €29,606, from -€24,032 to €5,574
- Tax, wage and social debts -€28,297
down €28,297 (-93.7%), from €30,199 to €1,902
- Trade debts -€9,944
down €9,944 (-35.5%), from €27,987 to €18,044
- Gross operating margin +€43,934
up €43,934, from -€14,276 to €29,658
- Financial income +€1,898
up €1,898 (+95377.4%), from €2 to €1,900
- Taxes +€1,858
new in 2025: €1,858
- Other operating charges -€822
no longer reported in 2025 (was €822)
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 | €251,620 | €200,215 | -€51,405 | -20.4% |
| Current assets | 29/58 | €251,620 | €200,215 | -€51,405 | -20.4% |
| Stocks and contracts in progress | 3 | €174,337 | €103,913 | -€70,425 | -40.4% |
| Stocks | 30/36 | €174,337 | €103,913 | -€70,425 | -40.4% |
| Amounts receivable within one year | 40/41 | €17,501 | €11,568 | -€5,933 | -33.9% |
| Trade receivables | 40 | €17,501 | €9,600 | -€7,901 | -45.1% |
| Other amounts receivable | 41 | - | €1,968 | +€1,968 | |
| Cash at bank and in hand | 54/58 | €58,439 | €83,976 | +€25,537 | +43.7% |
| Deferred charges and accrued income | 490/1 | €1,343 | €758 | -€584 | -43.5% |
| Total equity and liabilities | 10/49 | €251,620 | €200,215 | -€51,405 | -20.4% |
| Equity | 10/15 | -€22,032 | €7,574 | +€29,606 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,032 | €5,574 | +€29,606 | |
| Amounts payable | 17/49 | €273,652 | €192,641 | -€81,011 | -29.6% |
| Amounts payable within one year | 42/48 | €273,652 | €192,641 | -€81,011 | -29.6% |
| Trade debts | 44 | €27,987 | €18,044 | -€9,944 | -35.5% |
| Suppliers | 440/4 | €27,987 | €18,044 | -€9,944 | -35.5% |
| Taxes, remuneration and social security | 45 | €30,199 | €1,902 | -€28,297 | -93.7% |
| Taxes | 450/3 | €30,199 | €1,902 | -€28,297 | -93.7% |
| Other amounts payable | 47/48 | €215,466 | €172,695 | -€42,771 | -19.9% |
| Other operating charges | 640/8 | €822 | - | -€822 | |
| Gross operating margin | 9900 | -€14,276 | €29,658 | +€43,934 | |
| Operating profit (loss) | 9901 | -€15,098 | €29,658 | +€44,756 | |
| Financial income | 75/76B | €2 | €1,900 | +€1,898 | +95377.4% |
| Recurring financial income | 75 | €2 | €1,900 | +€1,898 | +95377.4% |
| Financial charges | 65/66B | €217 | €94 | -€123 | -56.6% |
| Recurring financial charges | 65 | €217 | €94 | -€123 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,313 | €31,464 | +€46,777 | |
| Income taxes | 67/77 | - | €1,858 | +€1,858 | |
| Profit (loss) for the period | 9904 | -€15,313 | €29,606 | +€44,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,313 | €29,606 | +€44,919 |
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 1 October 2026 via checked.be.