IMMO CREDITFINANCE: 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 CREDITFINANCE
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+13.8%), from €8.8m to €10.0m
- Receivables within one year -€190,530
down €190,530 (-99.8%), from €190,883 to €353
of which Other amounts receivable: -€170,943
- Debts after one year +€1.1m
up €1.1m (+41.4%), from €2.6m to €3.7m
- Reserves -€247,456
down €247,456 (-10.7%), from €2.3m to €2.1m
of which Tax-exempt reserves: -€247,456
- Other debts +€225,000
up €225,000 (+90.0%), from €250,000 to €475,000
- Profit (loss) carried forward +€126,676
up €126,676 (+6.8%), from €1.9m to €2.0m
- Financial charges +€99,720
up €99,720 (+194%), from €51,463 to €151,183
- Gross operating margin -€52,995
down €52,995 (-8.2%), from €646,059 to €593,064
- Depreciation +€52,312
up €52,312 (+9.6%), from €543,607 to €595,920
- Taxes -€40,209
down €40,209 (-94.7%), from €42,452 to €2,243
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 | €9,041,793 | €9,993,006 | +€951,213 | +10.5% |
| Fixed assets | 21/28 | €8,759,639 | €9,971,989 | +€1.2m | +13.8% |
| Tangible fixed assets | 22/27 | €8,759,639 | €9,971,989 | +€1.2m | +13.8% |
| Land and buildings | 22 | €8,759,639 | €9,971,989 | +€1.2m | +13.8% |
| Current assets | 29/58 | €282,153 | €21,017 | -€261,136 | -92.6% |
| Amounts receivable within one year | 40/41 | €190,883 | €353 | -€190,530 | -99.8% |
| Trade receivables | 40 | €19,940 | €353 | -€19,587 | -98.2% |
| Other amounts receivable | 41 | €170,943 | €0 | -€170,943 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €84,462 | €13,230 | -€71,231 | -84.3% |
| Deferred charges and accrued income | 490/1 | €6,809 | €7,434 | +€625 | +9.2% |
| Total equity and liabilities | 10/49 | €9,041,793 | €9,993,006 | +€951,213 | +10.5% |
| Equity | 10/15 | €4,639,297 | €4,448,386 | -€190,911 | -4.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €398,819 | €328,688 | -€70,131 | -17.6% |
| Reserves | 13 | €2,310,165 | €2,062,709 | -€247,456 | -10.7% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,304,015 | €2,056,559 | -€247,456 | -10.7% |
| Profit (loss) carried forward | 14 | €1,868,813 | €1,995,489 | +€126,676 | +6.8% |
| Provisions and deferred taxes | 16 | €768,005 | €685,520 | -€82,485 | -10.7% |
| Deferred taxes | 168 | €768,005 | €685,520 | -€82,485 | -10.7% |
| Amounts payable | 17/49 | €3,634,491 | €4,859,100 | +€1.2m | +33.7% |
| Amounts payable after more than one year | 17 | €2,625,848 | €3,712,759 | +€1.1m | +41.4% |
| Financial debts | 170/4 | €2,625,848 | €3,712,759 | +€1.1m | +41.4% |
| Amounts payable within one year | 42/48 | €1,008,643 | €1,146,341 | +€137,699 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €715,949 | €666,998 | -€48,951 | -6.8% |
| Trade debts | 44 | €2,000 | €2,000 | = | 0.0% |
| Suppliers | 440/4 | €2,000 | €2,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €40,694 | €2,344 | -€38,350 | -94.2% |
| Taxes | 450/3 | €40,694 | €2,344 | -€38,350 | -94.2% |
| Other amounts payable | 47/48 | €250,000 | €475,000 | +€225,000 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543,607 | €595,920 | +€52,312 | +9.6% |
| Other operating charges | 640/8 | €40,677 | €46,984 | +€6,306 | +15.5% |
| Gross operating margin | 9900 | €646,059 | €593,064 | -€52,995 | -8.2% |
| Operating profit (loss) | 9901 | €61,774 | -€49,839 | -€111,614 | |
| Financial income | 75/76B | €6,055 | €0 | -€6,055 | -100% |
| Recurring financial income | 75 | €6,055 | €0 | -€6,055 | -100% |
| Financial charges | 65/66B | €51,463 | €151,183 | +€99,720 | +194% |
| Recurring financial charges | 65 | €51,463 | €151,183 | +€99,720 | +194% |
| Profit (loss) for the period before taxes | 9903 | €16,366 | -€201,022 | -€217,388 | |
| Transfer from deferred taxes | 780 | €70,486 | €82,485 | +€11,999 | +17.0% |
| Income taxes | 67/77 | €42,452 | €2,243 | -€40,209 | -94.7% |
| Profit (loss) for the period | 9904 | €44,400 | -€120,779 | -€165,180 | |
| Transfer from tax-exempt reserves | 789 | €211,458 | €247,456 | +€35,998 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €255,858 | €126,676 | -€129,182 | -50.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.