IMMO DE MEUTTER: 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 DE MEUTTER
Largest movements
- Tangible fixed assets -€26,190
down €26,190 (-5.3%), from €494,883 to €468,694
of which Land and buildings: -€28,725
- Debts after one year -€39,990
down €39,990 (-10.8%), from €369,031 to €329,041
of which Financial debts: -€39,990
- Reserves +€10,375
up €10,375 (+4.6%), from €227,478 to €237,853
of which Distributable reserves: +€11,481
- Financial charges -€5,971
down €5,971 (-47.2%), from €12,656 to €6,685
- Gross operating margin +€3,822
up €3,822 (+8.1%), from €46,973 to €50,795
- Taxes +€1,150
up €1,150 (+105493.6%), from €1 to €1,151
- Depreciation +€693
up €693 (+2.4%), from €28,725 to €29,418
- Financial income +€589
up €589 (+120.1%), from €491 to €1,080
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 | €683,356 | €659,488 | -€23,867 | -3.5% |
| Fixed assets | 21/28 | €495,883 | €469,694 | -€26,190 | -5.3% |
| Tangible fixed assets | 22/27 | €494,883 | €468,694 | -€26,190 | -5.3% |
| Land and buildings | 22 | €494,883 | €466,159 | -€28,725 | -5.8% |
| Furniture and vehicles | 24 | - | €2,535 | +€2,535 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €187,472 | €189,795 | +€2,322 | +1.2% |
| Amounts receivable within one year | 40/41 | €22,645 | €22,500 | -€145 | -0.6% |
| Other amounts receivable | 41 | €22,645 | €22,500 | -€145 | -0.6% |
| Cash at bank and in hand | 54/58 | €162,297 | €164,128 | +€1,831 | +1.1% |
| Deferred charges and accrued income | 490/1 | €2,530 | €3,167 | +€636 | +25.2% |
| Total equity and liabilities | 10/49 | €683,356 | €659,488 | -€23,867 | -3.5% |
| Equity | 10/15 | €259,704 | €270,079 | +€10,375 | +4.0% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €227,478 | €237,853 | +€10,375 | +4.6% |
| Tax-exempt reserves | 132 | €14,652 | €13,547 | -€1,106 | -7.5% |
| Distributable reserves | 133 | €212,826 | €224,306 | +€11,481 | +5.4% |
| Provisions and deferred taxes | 16 | €7,545 | €6,975 | -€569 | -7.5% |
| Deferred taxes | 168 | €7,545 | €6,975 | -€569 | -7.5% |
| Amounts payable | 17/49 | €416,107 | €382,434 | -€33,673 | -8.1% |
| Amounts payable after more than one year | 17 | €369,031 | €329,041 | -€39,990 | -10.8% |
| Financial debts | 170/4 | €152,621 | €112,631 | -€39,990 | -26.2% |
| Other amounts payable | 178/9 | €216,410 | €216,410 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,912 | €49,065 | +€4,153 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €38,119 | €39,990 | +€1,871 | +4.9% |
| Trade debts | 44 | €126 | €512 | +€386 | +305.4% |
| Suppliers | 440/4 | €126 | €512 | +€386 | +305.4% |
| Taxes, remuneration and social security | 45 | - | €828 | +€828 | |
| Taxes | 450/3 | - | €828 | +€828 | |
| Other amounts payable | 47/48 | €6,667 | €7,735 | +€1,068 | +16.0% |
| Accrued charges and deferred income | 492/3 | €2,164 | €4,328 | +€2,164 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,725 | €29,418 | +€693 | +2.4% |
| Other operating charges | 640/8 | €4,695 | €4,816 | +€122 | +2.6% |
| Gross operating margin | 9900 | €46,973 | €50,795 | +€3,822 | +8.1% |
| Operating profit (loss) | 9901 | €13,554 | €16,562 | +€3,008 | +22.2% |
| Financial income | 75/76B | €491 | €1,080 | +€589 | +120.1% |
| Recurring financial income | 75 | €491 | €1,080 | +€589 | +120.1% |
| Financial charges | 65/66B | €12,656 | €6,685 | -€5,971 | -47.2% |
| Recurring financial charges | 65 | €12,656 | €6,685 | -€5,971 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €1,389 | €10,957 | +€9,568 | +689.1% |
| Transfer from deferred taxes | 780 | €569 | €569 | = | 0.0% |
| Income taxes | 67/77 | €1 | €1,151 | +€1,150 | +105493.6% |
| Profit (loss) for the period | 9904 | €1,957 | €10,375 | +€8,418 | +430.2% |
| Transfer from tax-exempt reserves | 789 | €1,106 | €1,106 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,062 | €11,481 | +€8,418 | +274.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.