IMMO DEBO: 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 DEBO
Largest movements
- Cash +€44,477
up €44,477 (+164%), from €27,085 to €71,562
mainly Net result for the year (+€58,433) and Receivables within one year (+€20,437)
- Tangible fixed assets +€35,264
up €35,264 (+6.6%), from €533,762 to €569,026
of which Land and buildings: +€34,468
- Receivables within one year -€20,437
down €20,437 (-25.1%), from €81,517 to €61,080
of which Other amounts receivable: -€25,689
- Reserves +€58,433
up €58,433 (+18.5%), from €315,286 to €373,719
of which Distributable reserves: +€63,062
- Debts after one year -€21,762
down €21,762 (-16.7%), from €130,423 to €108,661
- Tax, wage and social debts +€14,757
up €14,757 (+49.4%), from €29,845 to €44,602
of which Taxes: +€14,519
- Trade debts +€9,868
up €9,868 (+178%), from €5,550 to €15,419
- Gross operating margin +€68,372
up €68,372 (+106%), from €64,764 to €133,136
- Financial income -€19,719
down €19,719 (-96.6%), from €20,404 to €685
of which Non-recurring financial income: -€20,114
- Taxes +€10,405
up €10,405 (+67.4%), from €15,434 to €25,839
- Other operating charges -€5,970
down €5,970 (-64.5%), from €9,259 to €3,289
- Depreciation +€4,294
up €4,294 (+28.0%), from €15,337 to €19,631
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 | €651,878 | €711,471 | +€59,593 | +9.1% |
| Fixed assets | 21/28 | €541,708 | €576,667 | +€34,959 | +6.5% |
| Intangible fixed assets | 21 | €2,310 | €1,170 | -€1,140 | -49.4% |
| Tangible fixed assets | 22/27 | €533,762 | €569,026 | +€35,264 | +6.6% |
| Land and buildings | 22 | €521,599 | €556,067 | +€34,468 | +6.6% |
| Plant, machinery and equipment | 23 | €5,205 | €4,280 | -€925 | -17.8% |
| Furniture and vehicles | 24 | €6,958 | €8,679 | +€1,721 | +24.7% |
| Financial fixed assets | 28 | €5,636 | €6,471 | +€835 | +14.8% |
| Current assets | 29/58 | €110,170 | €134,804 | +€24,633 | +22.4% |
| Amounts receivable within one year | 40/41 | €81,517 | €61,080 | -€20,437 | -25.1% |
| Trade receivables | 40 | €35,937 | €41,188 | +€5,252 | +14.6% |
| Other amounts receivable | 41 | €45,581 | €19,892 | -€25,689 | -56.4% |
| Cash at bank and in hand | 54/58 | €27,085 | €71,562 | +€44,477 | +164% |
| Deferred charges and accrued income | 490/1 | €1,568 | €2,162 | +€594 | +37.9% |
| Total equity and liabilities | 10/49 | €651,878 | €711,471 | +€59,593 | +9.1% |
| Equity | 10/15 | €395,286 | €453,719 | +€58,433 | +14.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €315,286 | €373,719 | +€58,433 | +18.5% |
| Tax-exempt reserves | 132 | €275,406 | €270,777 | -€4,629 | -1.7% |
| Distributable reserves | 133 | €39,880 | €102,942 | +€63,062 | +158% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €68,852 | €67,308 | -€1,543 | -2.2% |
| Deferred taxes | 168 | €68,852 | €67,308 | -€1,543 | -2.2% |
| Amounts payable | 17/49 | €187,741 | €190,443 | +€2,703 | +1.4% |
| Amounts payable after more than one year | 17 | €130,423 | €108,661 | -€21,762 | -16.7% |
| Financial debts | 170/4 | €130,423 | €108,661 | -€21,762 | -16.7% |
| Amounts payable within one year | 42/48 | €57,241 | €81,782 | +€24,541 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €21,565 | €21,762 | +€197 | +0.9% |
| Financial debts | 43 | €281 | €0 | -€281 | -100% |
| Credit institutions | 430/8 | €281 | €0 | -€281 | -100% |
| Trade debts | 44 | €5,550 | €15,419 | +€9,868 | +178% |
| Suppliers | 440/4 | €5,550 | €15,419 | +€9,868 | +178% |
| Taxes, remuneration and social security | 45 | €29,845 | €44,602 | +€14,757 | +49.4% |
| Taxes | 450/3 | €27,346 | €41,866 | +€14,519 | +53.1% |
| Remuneration and social security | 454/9 | €2,499 | €2,736 | +€238 | +9.5% |
| Accrued charges and deferred income | 492/3 | €77 | €0 | -€77 | -99.6% |
| Remuneration, social security and pensions | 62 | €15,405 | €19,492 | +€4,087 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,337 | €19,631 | +€4,294 | +28.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €837 | +€837 | |
| Other operating charges | 640/8 | €9,259 | €3,289 | -€5,970 | -64.5% |
| Non-recurring operating charges | 66A | - | €538 | +€538 | |
| Gross operating margin | 9900 | €64,764 | €133,136 | +€68,372 | +106% |
| Operating profit (loss) | 9901 | €24,763 | €89,349 | +€64,586 | +261% |
| Financial income | 75/76B | €20,404 | €685 | -€19,719 | -96.6% |
| Recurring financial income | 75 | €290 | €685 | +€395 | +136% |
| Non-recurring financial income | 76B | €20,114 | €0 | -€20,114 | -100% |
| Financial charges | 65/66B | €8,942 | €7,305 | -€1,637 | -18.3% |
| Recurring financial charges | 65 | €8,942 | €7,305 | -€1,637 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €36,225 | €82,729 | +€46,504 | +128% |
| Transfer from deferred taxes | 780 | €2,127 | €1,543 | -€584 | -27.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €15,434 | €25,839 | +€10,405 | +67.4% |
| Profit (loss) for the period | 9904 | €22,918 | €58,433 | +€35,515 | +155% |
| Transfer from tax-exempt reserves | 789 | €8,509 | €4,629 | -€3,880 | -45.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €31,427 | €63,062 | +€31,635 | +101% |
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 17 October 2026 via checked.be.