IMMO DE NIL: 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 NIL
Largest movements
- Receivables within one year +€165,555
up €165,555 (+362.3%), from €45,690 to €211,245
of which Other amounts receivable: +€158,568
- Current investments -€150,000
down €150,000 (-42.6%), from €352,124 to €202,124
- Tangible fixed assets +€39,522
up €39,522 (+10.6%), from €373,488 to €413,009
of which Furniture and vehicles: +€66,322
- Cash -€23,814
down €23,814 (-45.8%), from €51,963 to €28,149
mainly Receivables within one year (-€165,555) and Contributions, distributions and other (-€90,375)
- Other debts +€90,375
new in 2025: €90,375
- Reserves -€67,646
down €67,646 (-11.7%), from €578,630 to €510,984
of which Distributable reserves: -€67,646
- Short-term financial debts -€40,000
no longer reported in 2025 (was €40,000)
- Debts after one year +€26,319
up €26,319 (+36.7%), from €71,695 to €98,014
- Current portion of long-term debt +€12,266
up €12,266 (+103.9%), from €11,809 to €24,075
- Gross operating margin -€189,937
down €189,937 (-58.9%), from €322,289 to €132,351
- Taxes -€58,178
down €58,178 (-87.1%), from €66,813 to €8,635
- Staff costs -€4,005
down €4,005 (-8.1%), from €49,511 to €45,506
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 | €831,302 | €860,599 | +€29,297 | +3.5% |
| Fixed assets | 21/28 | €381,525 | €419,082 | +€37,557 | +9.8% |
| Intangible fixed assets | 21 | €8,038 | €6,073 | -€1,965 | -24.4% |
| Tangible fixed assets | 22/27 | €373,488 | €413,009 | +€39,522 | +10.6% |
| Land and buildings | 22 | €373,193 | €346,393 | -€26,800 | -7.2% |
| Furniture and vehicles | 24 | €295 | €66,616 | +€66,322 | +22504.8% |
| Current assets | 29/58 | €449,777 | €441,517 | -€8,260 | -1.8% |
| Amounts receivable within one year | 40/41 | €45,690 | €211,245 | +€165,555 | +362.3% |
| Trade receivables | 40 | €14,587 | €21,574 | +€6,987 | +47.9% |
| Other amounts receivable | 41 | €31,103 | €189,671 | +€158,568 | +509.8% |
| Current investments | 50/53 | €352,124 | €202,124 | -€150,000 | -42.6% |
| Cash at bank and in hand | 54/58 | €51,963 | €28,149 | -€23,814 | -45.8% |
| Total equity and liabilities | 10/49 | €831,302 | €860,599 | +€29,297 | +3.5% |
| Equity | 10/15 | €658,834 | €591,189 | -€67,646 | -10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €578,630 | €510,984 | -€67,646 | -11.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €572,430 | €504,784 | -€67,646 | -11.8% |
| Profit (loss) carried forward | 14 | €18,205 | €18,205 | = | 0.0% |
| Amounts payable | 17/49 | €172,468 | €269,410 | +€96,942 | +56.2% |
| Amounts payable after more than one year | 17 | €71,695 | €98,014 | +€26,319 | +36.7% |
| Financial debts | 170/4 | €71,695 | €98,014 | +€26,319 | +36.7% |
| Amounts payable within one year | 42/48 | €100,773 | €171,396 | +€70,624 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €11,809 | €24,075 | +€12,266 | +103.9% |
| Financial debts | 43 | €40,000 | - | -€40,000 | |
| Credit institutions | 430/8 | €40,000 | - | -€40,000 | |
| Trade debts | 44 | €27,956 | €20,835 | -€7,121 | -25.5% |
| Suppliers | 440/4 | €27,956 | €20,835 | -€7,121 | -25.5% |
| Advances received on contracts in progress | 46 | €220 | €4,517 | +€4,297 | +1952.5% |
| Taxes, remuneration and social security | 45 | €20,788 | €31,595 | +€10,807 | +52.0% |
| Taxes | 450/3 | €15,029 | €23,129 | +€8,101 | +53.9% |
| Remuneration and social security | 454/9 | €5,759 | €8,465 | +€2,706 | +47.0% |
| Other amounts payable | 47/48 | - | €90,375 | +€90,375 | |
| Non-recurring operating income | 76A | €150,000 | €10,000 | -€140,000 | -93.3% |
| Remuneration, social security and pensions | 62 | €49,511 | €45,506 | -€4,005 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,741 | €30,295 | +€1,553 | +5.4% |
| Other operating charges | 640/8 | €32,235 | €29,884 | -€2,351 | -7.3% |
| Gross operating margin | 9900 | €322,289 | €132,351 | -€189,937 | -58.9% |
| Operating profit (loss) | 9901 | €211,801 | €26,666 | -€185,135 | -87.4% |
| Financial income | 75/76B | €6,567 | €5,996 | -€571 | -8.7% |
| Recurring financial income | 75 | €6,567 | €5,996 | -€571 | -8.7% |
| Financial charges | 65/66B | €1,269 | €1,298 | +€29 | +2.3% |
| Recurring financial charges | 65 | €1,269 | €1,298 | +€29 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €217,100 | €31,365 | -€185,735 | -85.6% |
| Income taxes | 67/77 | €66,813 | €8,635 | -€58,178 | -87.1% |
| Profit (loss) for the period | 9904 | €150,287 | €22,729 | -€127,558 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,287 | €22,729 | -€127,558 | -84.9% |
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.