IMMO DE NEVE: 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 DE NEVE
Largest movements
- Tangible fixed assets +€121,372
up €121,372 (+4.6%), from €2.6m to €2.8m
- Debts after one year +€115,139
up €115,139 (+115%), from €100,000 to €215,140
- Other debts -€89,105
down €89,105 (-4.8%), from €1.9m to €1.8m
- Current portion of long-term debt +€56,961
up €56,961 (+57.0%), from €100,000 to €156,961
- Reserves +€53,773
up €53,773 (+11.6%), from €465,014 to €518,787
of which Distributable reserves: +€74,152
- Other operating charges +€22,061
up €22,061 (+60.7%), from €36,321 to €58,382
- Depreciation +€21,328
up €21,328 (+19.8%), from €107,581 to €128,909
- Gross operating margin +€3,681
up €3,681 (+1.5%), from €250,711 to €254,391
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 | €2,663,744 | €2,812,402 | +€148,658 | +5.6% |
| Fixed assets | 21/28 | €2,638,053 | €2,759,426 | +€121,372 | +4.6% |
| Tangible fixed assets | 22/27 | €2,638,053 | €2,759,426 | +€121,372 | +4.6% |
| Land and buildings | 22 | €2,638,053 | €2,759,426 | +€121,372 | +4.6% |
| Current assets | 29/58 | €25,691 | €52,976 | +€27,286 | +106% |
| Amounts receivable within one year | 40/41 | - | €24,200 | +€24,200 | |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Cash at bank and in hand | 54/58 | €22,438 | €24,385 | +€1,947 | +8.7% |
| Deferred charges and accrued income | 490/1 | €3,253 | €4,392 | +€1,138 | +35.0% |
| Total equity and liabilities | 10/49 | €2,663,744 | €2,812,402 | +€148,658 | +5.6% |
| Equity | 10/15 | €483,614 | €537,387 | +€53,773 | +11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €465,014 | €518,787 | +€53,773 | +11.6% |
| Tax-exempt reserves | 132 | €309,080 | €288,702 | -€20,379 | -6.6% |
| Distributable reserves | 133 | €155,934 | €230,086 | +€74,152 | +47.6% |
| Provisions and deferred taxes | 16 | €103,027 | €96,234 | -€6,793 | -6.6% |
| Deferred taxes | 168 | €103,027 | €96,234 | -€6,793 | -6.6% |
| Amounts payable | 17/49 | €2,077,104 | €2,178,781 | +€101,678 | +4.9% |
| Amounts payable after more than one year | 17 | €100,000 | €215,140 | +€115,139 | +115% |
| Financial debts | 170/4 | €100,000 | €215,140 | +€115,139 | +115% |
| Amounts payable within one year | 42/48 | €1,976,090 | €1,962,704 | -€13,385 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €156,961 | +€56,961 | +57.0% |
| Trade debts | 44 | €3,095 | €21,200 | +€18,105 | +585% |
| Suppliers | 440/4 | €3,095 | €21,200 | +€18,105 | +585% |
| Taxes, remuneration and social security | 45 | €1,090 | €1,743 | +€653 | +59.9% |
| Taxes | 450/3 | €1,090 | €1,743 | +€653 | +59.9% |
| Other amounts payable | 47/48 | €1,871,904 | €1,782,799 | -€89,105 | -4.8% |
| Accrued charges and deferred income | 492/3 | €1,014 | €937 | -€76 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107,581 | €128,909 | +€21,328 | +19.8% |
| Other operating charges | 640/8 | €36,321 | €58,382 | +€22,061 | +60.7% |
| Gross operating margin | 9900 | €250,711 | €254,391 | +€3,681 | +1.5% |
| Operating profit (loss) | 9901 | €106,808 | €67,100 | -€39,708 | -37.2% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €20,176 | €20,120 | -€56 | -0.3% |
| Recurring financial charges | 65 | €20,176 | €20,120 | -€56 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €86,645 | €46,980 | -€39,664 | -45.8% |
| Transfer from deferred taxes | 780 | €6,793 | €6,793 | = | 0.0% |
| Profit (loss) for the period | 9904 | €93,437 | €53,773 | -€39,664 | -42.5% |
| Transfer from tax-exempt reserves | 789 | €20,379 | €20,379 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,816 | €74,152 | -€39,664 | -34.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.