IMMO DE VERBINDING: 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 VERBINDING
Largest movements
- Tangible fixed assets -€17,626
down €17,626 (-5.0%), from €354,899 to €337,272
- Cash -€8,437
down €8,437 (-67.1%), from €12,581 to €4,144
mainly Debts after one year (-€24,637) and Net result for the year (-€4,908)
- Debts after one year -€24,637
down €24,637 (-8.4%), from €293,335 to €268,698
- Profit (loss) carried forward -€4,908
down €4,908 (-5.1%), from -€96,398 to -€101,306
- Depreciation -€3,604
down €3,604 (-17.0%), from €21,231 to €17,626
- Financial charges -€667
down €667 (-7.1%), from €9,415 to €8,748
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 | €368,389 | €341,865 | -€26,524 | -7.2% |
| Fixed assets | 21/28 | €354,899 | €337,272 | -€17,626 | -5.0% |
| Tangible fixed assets | 22/27 | €354,899 | €337,272 | -€17,626 | -5.0% |
| Land and buildings | 22 | €354,899 | €337,272 | -€17,626 | -5.0% |
| Current assets | 29/58 | €13,490 | €4,593 | -€8,898 | -66.0% |
| Amounts receivable within one year | 40/41 | €542 | €0 | -€542 | -100% |
| Trade receivables | 40 | €542 | €0 | -€542 | -100% |
| Cash at bank and in hand | 54/58 | €12,581 | €4,144 | -€8,437 | -67.1% |
| Deferred charges and accrued income | 490/1 | €368 | €449 | +€81 | +22.1% |
| Total equity and liabilities | 10/49 | €368,389 | €341,865 | -€26,524 | -7.2% |
| Equity | 10/15 | €28,602 | €23,694 | -€4,908 | -17.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,398 | -€101,306 | -€4,908 | -5.1% |
| Amounts payable | 17/49 | €339,787 | €318,171 | -€21,616 | -6.4% |
| Amounts payable after more than one year | 17 | €293,335 | €268,698 | -€24,637 | -8.4% |
| Financial debts | 170/4 | €293,335 | €268,698 | -€24,637 | -8.4% |
| Amounts payable within one year | 42/48 | €46,452 | €49,058 | +€2,606 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €23,950 | €24,637 | +€686 | +2.9% |
| Trade debts | 44 | €3,459 | €2,879 | -€580 | -16.8% |
| Suppliers | 440/4 | €3,459 | €2,879 | -€580 | -16.8% |
| Other amounts payable | 47/48 | €19,043 | €21,543 | +€2,500 | +13.1% |
| Accrued charges and deferred income | 492/3 | - | €415 | +€415 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,231 | €17,626 | -€3,604 | -17.0% |
| Other operating charges | 640/8 | €2,078 | €2,020 | -€58 | -2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €23,338 | €23,486 | +€148 | +0.6% |
| Operating profit (loss) | 9901 | €29 | €3,839 | +€3,810 | +13,112% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €9,415 | €8,748 | -€667 | -7.1% |
| Recurring financial charges | 65 | €9,415 | €8,748 | -€667 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,386 | -€4,908 | +€4,478 | +47.7% |
| Profit (loss) for the period | 9904 | -€9,386 | -€4,908 | +€4,478 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,386 | -€4,908 | +€4,478 | +47.7% |
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 19 October 2026 via checked.be.