IMMO-DEAL: 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-DEAL
Largest movements
- Cash +€74,329
up €74,329 (+590%), from €12,599 to €86,928
mainly Advances received (+€49,976) and Other debts (+€42,030)
- Tangible fixed assets +€52,958
up €52,958 (+65.8%), from €80,494 to €133,453
of which Land and buildings: +€33,225
- Receivables within one year +€5,707
up €5,707 (+118%), from €4,825 to €10,533
of which Trade receivables: +€4,059
- Advances received +€49,976
up €49,976 (+1,430%), from €3,495 to €53,471
- Other debts +€42,030
up €42,030 (+219%), from €19,157 to €61,186
- Reserves +€35,977
up €35,977 (+79.9%), from €45,054 to €81,031
- Tax, wage and social debts +€5,496
up €5,496 (+55.2%), from €9,964 to €15,460
- Gross operating margin +€47,881
up €47,881 (+159%), from €30,140 to €78,021
- Taxes +€12,992
up €12,992 (+220%), from €5,906 to €18,897
- Other operating charges +€6,142
up €6,142 (+542%), from €1,133 to €7,275
- Depreciation +€2,725
up €2,725 (+26.3%), from €10,359 to €13,084
- Financial charges +€1,000
up €1,000 (+52.8%), from €1,892 to €2,891
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 | €98,932 | €232,125 | +€133,193 | +135% |
| Fixed assets | 21/28 | €80,494 | €133,453 | +€52,958 | +65.8% |
| Tangible fixed assets | 22/27 | €80,494 | €133,453 | +€52,958 | +65.8% |
| Land and buildings | 22 | €49,137 | €82,362 | +€33,225 | +67.6% |
| Plant, machinery and equipment | 23 | €1,743 | €2,024 | +€281 | +16.1% |
| Furniture and vehicles | 24 | €2,853 | €26,939 | +€24,086 | +844% |
| Other tangible fixed assets | 26 | €26,761 | €22,128 | -€4,634 | -17.3% |
| Current assets | 29/58 | €18,438 | €98,673 | +€80,235 | +435% |
| Amounts receivable within one year | 40/41 | €4,825 | €10,533 | +€5,707 | +118% |
| Trade receivables | 40 | €4,782 | €8,841 | +€4,059 | +84.9% |
| Other amounts receivable | 41 | €43 | €1,692 | +€1,648 | +3,797% |
| Cash at bank and in hand | 54/58 | €12,599 | €86,928 | +€74,329 | +590% |
| Deferred charges and accrued income | 490/1 | €1,013 | €1,212 | +€198 | +19.6% |
| Total equity and liabilities | 10/49 | €98,932 | €232,125 | +€133,193 | +135% |
| Equity | 10/15 | €63,604 | €99,581 | +€35,977 | +56.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €45,054 | €81,031 | +€35,977 | +79.9% |
| Distributable reserves | 133 | €45,054 | €81,031 | +€35,977 | +79.9% |
| Amounts payable | 17/49 | €35,329 | €132,545 | +€97,216 | +275% |
| Amounts payable within one year | 42/48 | €35,329 | €132,545 | +€97,216 | +275% |
| Trade debts | 44 | €2,713 | €2,427 | -€286 | -10.5% |
| Suppliers | 440/4 | €2,713 | €2,427 | -€286 | -10.5% |
| Advances received on contracts in progress | 46 | €3,495 | €53,471 | +€49,976 | +1,430% |
| Taxes, remuneration and social security | 45 | €9,964 | €15,460 | +€5,496 | +55.2% |
| Taxes | 450/3 | €9,964 | €15,460 | +€5,496 | +55.2% |
| Other amounts payable | 47/48 | €19,157 | €61,186 | +€42,030 | +219% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,359 | €13,084 | +€2,725 | +26.3% |
| Other operating charges | 640/8 | €1,133 | €7,275 | +€6,142 | +542% |
| Gross operating margin | 9900 | €30,140 | €78,021 | +€47,881 | +159% |
| Operating profit (loss) | 9901 | €18,648 | €57,662 | +€39,014 | +209% |
| Financial income | 75/76B | €4 | €105 | +€101 | +2,511% |
| Recurring financial income | 75 | €4 | €105 | +€101 | +2,511% |
| Financial charges | 65/66B | €1,892 | €2,891 | +€1,000 | +52.8% |
| Recurring financial charges | 65 | €1,892 | €2,891 | +€1,000 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €16,760 | €54,875 | +€38,115 | +227% |
| Income taxes | 67/77 | €5,906 | €18,897 | +€12,992 | +220% |
| Profit (loss) for the period | 9904 | €10,855 | €35,977 | +€25,123 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €10,855 | €35,977 | +€25,123 | +231% |
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 24 October 2026 via checked.be.