IMMO D5: 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 D5
Largest movements
- Stocks and contracts +€273,669
new in 2025: €273,669
- Receivables within one year -€30,000
down €30,000 (-76.9%), from €39,000 to €9,000
- Cash +€18,119
up €18,119 (+766.9%), from €2,363 to €20,482
mainly Current portion of long-term debt (+€259,730) and Other debts (+€33,500)
- Tangible fixed assets -€16,123
down €16,123 (-2.1%), from €770,572 to €754,449
of which Furniture and vehicles: -€16,123
- Current portion of long-term debt +€259,730
up €259,730 (+130.2%), from €199,457 to €459,187
- Profit (loss) carried forward -€48,266
down €48,266 (-17.2%), from -€280,842 to -€329,108
- Other debts +€33,500
up €33,500 (+17.6%), from €190,292 to €223,792
- Gross operating margin +€22,393
up €22,393 (+57.4%), from -€38,991 to -€16,599
- Other operating charges -€7,925
down €7,925 (-77.1%), from €10,282 to €2,358
- Depreciation +€5,002
up €5,002 (+45.0%), from €11,121 to €16,123
- Financial charges +€4,118
up €4,118 (+45.2%), from €9,110 to €13,227
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 | €812,465 | €1,058,578 | +€246,113 | +30.3% |
| Fixed assets | 21/28 | €771,102 | €754,979 | -€16,123 | -2.1% |
| Tangible fixed assets | 22/27 | €770,572 | €754,449 | -€16,123 | -2.1% |
| Land and buildings | 22 | €650,959 | €650,959 | = | 0.0% |
| Furniture and vehicles | 24 | €119,613 | €103,490 | -€16,123 | -13.5% |
| Financial fixed assets | 28 | €530 | €530 | = | 0.0% |
| Current assets | 29/58 | €41,363 | €303,599 | +€262,236 | +634.0% |
| Stocks and contracts in progress | 3 | - | €273,669 | +€273,669 | |
| Stocks | 30/36 | - | €273,669 | +€273,669 | |
| Amounts receivable within one year | 40/41 | €39,000 | €9,000 | -€30,000 | -76.9% |
| Other amounts receivable | 41 | €39,000 | €9,000 | -€30,000 | -76.9% |
| Cash at bank and in hand | 54/58 | €2,363 | €20,482 | +€18,119 | +766.9% |
| Deferred charges and accrued income | 490/1 | - | €448 | +€448 | |
| Total equity and liabilities | 10/49 | €812,465 | €1,058,578 | +€246,113 | +30.3% |
| Equity | 10/15 | €419,842 | €371,575 | -€48,266 | -11.5% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Outside capital | 11 | €24,789 | - | -€24,789 | |
| Other | 1109/19 | €24,789 | - | -€24,789 | |
| Reserves | 13 | €675,894 | €675,894 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Tax-exempt reserves | 132 | €636,697 | €636,697 | = | 0.0% |
| Distributable reserves | 133 | €34,859 | €34,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€280,842 | -€329,108 | -€48,266 | -17.2% |
| Amounts payable | 17/49 | €392,623 | €687,002 | +€294,379 | +75.0% |
| Amounts payable within one year | 42/48 | €392,623 | €687,002 | +€294,379 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €199,457 | €459,187 | +€259,730 | +130.2% |
| Trade debts | 44 | €2,874 | €4,023 | +€1,149 | +40.0% |
| Suppliers | 440/4 | €2,874 | €4,023 | +€1,149 | +40.0% |
| Other amounts payable | 47/48 | €190,292 | €223,792 | +€33,500 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,121 | €16,123 | +€5,002 | +45.0% |
| Other operating charges | 640/8 | €10,282 | €2,358 | -€7,925 | -77.1% |
| Gross operating margin | 9900 | -€38,991 | -€16,599 | +€22,393 | +57.4% |
| Operating profit (loss) | 9901 | -€60,395 | -€35,079 | +€25,315 | +41.9% |
| Financial income | 75/76B | €1 | €40 | +€40 | +6633.3% |
| Recurring financial income | 75 | €1 | €40 | +€40 | +6633.3% |
| Financial charges | 65/66B | €9,110 | €13,227 | +€4,118 | +45.2% |
| Recurring financial charges | 65 | €9,110 | €13,227 | +€4,118 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | -€69,504 | -€48,266 | +€21,238 | +30.6% |
| Profit (loss) for the period | 9904 | -€69,504 | -€48,266 | +€21,238 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€69,504 | -€48,266 | +€21,238 | +30.6% |
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 3 October 2026 via checked.be.