IMMO CS: 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 CS
Largest movements
- Cash +€505,732
new in 2025: €505,732
mainly Current portion of long-term debt (+€420,084) and Net result for the year (+€61,888)
- Receivables within one year +€21,215
up €21,215 (+472.5%), from €4,490 to €25,705
- Current portion of long-term debt +€420,084
up €420,084 (+3778.1%), from €11,119 to €431,203
- Profit (loss) carried forward +€61,888
up €61,888 (+5267.1%), from €1,175 to €63,063
- Trade debts +€33,538
up €33,538 (+2751.3%), from €1,219 to €34,757
- Tax, wage and social debts +€31,342
up €31,342 (+368.6%), from €8,504 to €39,846
of which Taxes: +€30,723
- Debts after one year -€11,350
down €11,350 (-39.3%), from €28,912 to €17,562
- Gross operating margin +€68,989
up €68,989 (+134.6%), from €51,240 to €120,229
- Taxes +€22,547
up €22,547 (+1069.1%), from €2,109 to €24,656
- Staff costs +€2,622
up €2,622 (+12.2%), from €21,517 to €24,139
- Depreciation +€2,182
up €2,182 (+43.5%), from €5,017 to €7,199
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 | €63,512 | €589,556 | +€526,044 | +828.3% |
| Fixed assets | 21/28 | €59,022 | €58,119 | -€903 | -1.5% |
| Intangible fixed assets | 21 | €24,556 | €21,556 | -€3,000 | -12.2% |
| Tangible fixed assets | 22/27 | €24,866 | €26,963 | +€2,097 | +8.4% |
| Land and buildings | 22 | €20,166 | €22,073 | +€1,907 | +9.5% |
| Plant, machinery and equipment | 23 | €4,700 | €4,890 | +€190 | +4.0% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €4,490 | €531,437 | +€526,947 | +11736.0% |
| Amounts receivable within one year | 40/41 | €4,490 | €25,705 | +€21,215 | +472.5% |
| Trade receivables | 40 | €4,490 | €25,705 | +€21,215 | +472.5% |
| Cash at bank and in hand | 54/58 | - | €505,732 | +€505,732 | |
| Total equity and liabilities | 10/49 | €63,512 | €589,556 | +€526,044 | +828.3% |
| Equity | 10/15 | €3,175 | €65,063 | +€61,888 | +1949.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,175 | €63,063 | +€61,888 | +5267.1% |
| Amounts payable | 17/49 | €60,337 | €524,493 | +€464,156 | +769.3% |
| Amounts payable after more than one year | 17 | €28,912 | €17,562 | -€11,350 | -39.3% |
| Financial debts | 170/4 | €28,912 | €17,562 | -€11,350 | -39.3% |
| Amounts payable within one year | 42/48 | €31,425 | €506,931 | +€475,506 | +1513.1% |
| Current portion of amounts payable after more than one year | 42 | €11,119 | €431,203 | +€420,084 | +3778.1% |
| Financial debts | 43 | €5,458 | - | -€5,458 | |
| Credit institutions | 430/8 | €5,458 | - | -€5,458 | |
| Trade debts | 44 | €1,219 | €34,757 | +€33,538 | +2751.3% |
| Suppliers | 440/4 | €1,219 | €34,757 | +€33,538 | +2751.3% |
| Taxes, remuneration and social security | 45 | €8,504 | €39,846 | +€31,342 | +368.6% |
| Taxes | 450/3 | €5,619 | €36,342 | +€30,723 | +546.8% |
| Remuneration and social security | 454/9 | €2,885 | €3,504 | +€619 | +21.5% |
| Other amounts payable | 47/48 | €5,125 | €1,125 | -€4,000 | -78.0% |
| Remuneration, social security and pensions | 62 | €21,517 | €24,139 | +€2,622 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,017 | €7,199 | +€2,182 | +43.5% |
| Other operating charges | 640/8 | €544 | €400 | -€144 | -26.5% |
| Gross operating margin | 9900 | €51,240 | €120,229 | +€68,989 | +134.6% |
| Operating profit (loss) | 9901 | €24,162 | €88,491 | +€64,329 | +266.2% |
| Financial income | 75/76B | €1 | €19 | +€18 | +1800.0% |
| Recurring financial income | 75 | €1 | €19 | +€18 | +1800.0% |
| Financial charges | 65/66B | €2,419 | €1,966 | -€453 | -18.7% |
| Recurring financial charges | 65 | €2,419 | €1,966 | -€453 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €21,744 | €86,544 | +€64,800 | +298.0% |
| Income taxes | 67/77 | €2,109 | €24,656 | +€22,547 | +1069.1% |
| Profit (loss) for the period | 9904 | €19,635 | €61,888 | +€42,253 | +215.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,635 | €61,888 | +€42,253 | +215.2% |
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 2 October 2026 via checked.be.