IMMO-DEB: 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-DEB
Largest movements
- Tangible fixed assets -€27,960
down €27,960 (-4.9%), from €565,028 to €537,067
of which Land and buildings: -€27,960
- Reserves -€11,887
down €11,887 (-5.9%), from €202,325 to €190,438
of which Tax-exempt reserves: -€11,887
- Trade debts -€8,353
down €8,353 (-52.5%), from €15,907 to €7,553
- Turnover -€30,801
no longer reported in 2025 (was €30,801)
- Purchases and services -€16,614
no longer reported in 2025 (was €16,614)
- Gross operating margin +€10,327
up €10,327 (+72.8%), from €14,186 to €24,514
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 | €567,938 | €538,394 | -€29,544 | -5.2% |
| Fixed assets | 21/28 | €565,028 | €537,067 | -€27,960 | -4.9% |
| Tangible fixed assets | 22/27 | €565,028 | €537,067 | -€27,960 | -4.9% |
| Land and buildings | 22 | €565,028 | €537,067 | -€27,960 | -4.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €2,911 | €1,327 | -€1,583 | -54.4% |
| Amounts receivable within one year | 40/41 | €182 | €182 | = | 0.0% |
| Other amounts receivable | 41 | €182 | €182 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,729 | €1,146 | -€1,583 | -58.0% |
| Total equity and liabilities | 10/49 | €567,938 | €538,394 | -€29,544 | -5.2% |
| Equity | 10/15 | €323,374 | €315,717 | -€7,657 | -2.4% |
| Contributions | 10/11 | €76,895 | €76,895 | = | 0.0% |
| Reserves | 13 | €202,325 | €190,438 | -€11,887 | -5.9% |
| Tax-exempt reserves | 132 | €130,453 | €118,566 | -€11,887 | -9.1% |
| Distributable reserves | 133 | €71,872 | €71,872 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,154 | €48,384 | +€4,230 | +9.6% |
| Provisions and deferred taxes | 16 | €43,484 | €39,522 | -€3,962 | -9.1% |
| Deferred taxes | 168 | €43,484 | €39,522 | -€3,962 | -9.1% |
| Amounts payable | 17/49 | €201,080 | €183,155 | -€17,925 | -8.9% |
| Amounts payable after more than one year | 17 | €137,734 | €132,081 | -€5,652 | -4.1% |
| Financial debts | 170/4 | €137,734 | €132,081 | -€5,652 | -4.1% |
| Amounts payable within one year | 42/48 | €60,345 | €45,219 | -€15,126 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €15,353 | €10,652 | -€4,700 | -30.6% |
| Financial debts | 43 | €903 | €1,000 | +€96 | +10.7% |
| Credit institutions | 430/8 | €903 | €1,000 | +€96 | +10.7% |
| Trade debts | 44 | €15,907 | €7,553 | -€8,353 | -52.5% |
| Suppliers | 440/4 | €15,907 | €7,553 | -€8,353 | -52.5% |
| Taxes, remuneration and social security | 45 | - | €53 | +€53 | |
| Taxes | 450/3 | - | €53 | +€53 | |
| Other amounts payable | 47/48 | €28,182 | €25,960 | -€2,222 | -7.9% |
| Accrued charges and deferred income | 492/3 | €3,002 | €5,855 | +€2,854 | +95.1% |
| Turnover | 70 | €30,801 | - | -€30,801 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,614 | - | -€16,614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,960 | €27,960 | = | 0.0% |
| Other operating charges | 640/8 | €1,348 | €1,325 | -€24 | -1.8% |
| Gross operating margin | 9900 | €14,186 | €24,514 | +€10,327 | +72.8% |
| Operating profit (loss) | 9901 | -€15,122 | -€4,771 | +€10,351 | +68.4% |
| Financial income | 75/76B | €27 | - | -€27 | |
| Recurring financial income | 75 | €27 | - | -€27 | |
| Financial charges | 65/66B | €7,111 | €6,848 | -€263 | -3.7% |
| Recurring financial charges | 65 | €7,111 | €6,848 | -€263 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,206 | -€11,619 | +€10,588 | +47.7% |
| Transfer from deferred taxes | 780 | €5,030 | €3,962 | -€1,067 | -21.2% |
| Income taxes | 67/77 | €36 | €0 | -€36 | -99.3% |
| Profit (loss) for the period | 9904 | -€17,213 | -€7,657 | +€9,556 | +55.5% |
| Transfer from tax-exempt reserves | 789 | €15,089 | €11,887 | -€3,202 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,124 | €4,230 | +€6,354 |
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 29 September 2026 via checked.be.