IMMO D2: 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 D2
Largest movements
- Cash -€50,222
down €50,222 (-52.2%), from €96,141 to €45,919
mainly Other debts (-€39,222) and Accrued charges and deferred income (-€12,224)
- Tangible fixed assets -€8,921
down €8,921 (-1.3%), from €667,585 to €658,664
of which Land and buildings: -€17,391
- Other debts -€39,222
down €39,222 (-25.5%), from €153,990 to €114,768
- Accrued charges and deferred income -€12,224
down €12,224 (-51.8%), from €23,612 to €11,389
- Gross operating margin -€55,039
down €55,039 (-72.1%), from €76,367 to €21,328
- Financial charges -€13,255
down €13,255 (-98.2%), from €13,496 to €241
- Taxes -€5,698
down €5,698 (-95.9%), from €5,941 to €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.
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 | €764,704 | €706,461 | -€58,244 | -7.6% |
| Fixed assets | 21/28 | €667,585 | €658,664 | -€8,921 | -1.3% |
| Tangible fixed assets | 22/27 | €667,585 | €658,664 | -€8,921 | -1.3% |
| Land and buildings | 22 | €667,585 | €650,194 | -€17,391 | -2.6% |
| Other tangible fixed assets | 26 | - | €8,470 | +€8,470 | |
| Current assets | 29/58 | €97,120 | €47,797 | -€49,323 | -50.8% |
| Cash at bank and in hand | 54/58 | €96,141 | €45,919 | -€50,222 | -52.2% |
| Deferred charges and accrued income | 490/1 | €979 | €1,878 | +€900 | +91.9% |
| Total equity and liabilities | 10/49 | €764,704 | €706,461 | -€58,244 | -7.6% |
| Equity | 10/15 | €581,161 | €579,958 | -€1,202 | -0.2% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Capital | 10 | €496,000 | €496,000 | = | 0.0% |
| Issued capital | 100 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €85,161 | €83,958 | -€1,202 | -1.4% |
| Non-distributable reserves | 130/1 | €10,332 | €10,332 | = | 0.0% |
| Legal reserve | 130 | €10,332 | €10,332 | = | 0.0% |
| Distributable reserves | 133 | €74,828 | €73,626 | -€1,202 | -1.6% |
| Amounts payable | 17/49 | €183,544 | €126,502 | -€57,042 | -31.1% |
| Amounts payable within one year | 42/48 | €159,931 | €115,114 | -€44,818 | -28.0% |
| Trade debts | 44 | - | €103 | +€103 | |
| Suppliers | 440/4 | - | €103 | +€103 | |
| Taxes, remuneration and social security | 45 | €5,941 | €243 | -€5,698 | -95.9% |
| Taxes | 450/3 | €5,941 | €243 | -€5,698 | -95.9% |
| Other amounts payable | 47/48 | €153,990 | €114,768 | -€39,222 | -25.5% |
| Accrued charges and deferred income | 492/3 | €23,612 | €11,389 | -€12,224 | -51.8% |
| Non-recurring operating income | 76A | €67,016 | - | -€67,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,175 | €17,391 | +€216 | +1.3% |
| Other operating charges | 640/8 | €4,503 | €4,656 | +€153 | +3.4% |
| Gross operating margin | 9900 | €76,367 | €21,328 | -€55,039 | -72.1% |
| Operating profit (loss) | 9901 | €54,690 | -€719 | -€55,409 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -64.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -64.3% |
| Financial charges | 65/66B | €13,496 | €241 | -€13,255 | -98.2% |
| Recurring financial charges | 65 | €13,496 | €241 | -€13,255 | -98.2% |
| Profit (loss) for the period before taxes | 9903 | €41,194 | -€960 | -€42,154 | |
| Income taxes | 67/77 | €5,941 | €243 | -€5,698 | -95.9% |
| Profit (loss) for the period | 9904 | €35,253 | -€1,202 | -€36,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,253 | -€1,202 | -€36,456 |
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.