IMMO.DEL: 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.DEL
Largest movements
- Tangible fixed assets -€26,265
down €26,265 (-4.6%), from €575,381 to €549,116
of which Land and buildings: -€14,271
- Intangible fixed assets -€26,008
down €26,008 (-22.5%), from €115,488 to €89,480
- Receivables after one year -€10,000
down €10,000 (-8.9%), from €111,993 to €101,993
- Profit (loss) carried forward -€46,860
down €46,860 (-1548.6%), from -€3,026 to -€49,886
- Trade debts -€32,885
down €32,885 (-79.7%), from €41,279 to €8,394
- Other debts +€19,335
up €19,335 (+105.7%), from €18,297 to €37,632
- Debts after one year -€9,651
down €9,651 (-3.4%), from €283,505 to €273,854
- Gross operating margin -€63,493
down €63,493 (-78.2%), from €81,232 to €17,739
- Financial charges +€2,991
up €2,991 (+50.9%), from €5,875 to €8,866
- Other operating charges -€1,083
down €1,083 (-17.9%), from €6,062 to €4,979
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 | €823,193 | €750,430 | -€72,763 | -8.8% |
| Fixed assets | 21/28 | €690,869 | €638,596 | -€52,273 | -7.6% |
| Intangible fixed assets | 21 | €115,488 | €89,480 | -€26,008 | -22.5% |
| Tangible fixed assets | 22/27 | €575,381 | €549,116 | -€26,265 | -4.6% |
| Land and buildings | 22 | €513,410 | €499,139 | -€14,271 | -2.8% |
| Plant, machinery and equipment | 23 | €61,971 | €49,977 | -€11,994 | -19.4% |
| Current assets | 29/58 | €132,324 | €111,834 | -€20,490 | -15.5% |
| Amounts receivable after more than one year | 29 | €111,993 | €101,993 | -€10,000 | -8.9% |
| Trade receivables | 290 | €111,993 | €101,993 | -€10,000 | -8.9% |
| Amounts receivable within one year | 40/41 | €7,442 | €5,172 | -€2,270 | -30.5% |
| Trade receivables | 40 | €7,442 | €5,065 | -€2,377 | -31.9% |
| Other amounts receivable | 41 | - | €107 | +€107 | |
| Cash at bank and in hand | 54/58 | €12,889 | €4,669 | -€8,220 | -63.8% |
| Total equity and liabilities | 10/49 | €823,193 | €750,430 | -€72,763 | -8.8% |
| Equity | 10/15 | €451,454 | €403,075 | -€48,379 | -10.7% |
| Contributions | 10/11 | €409,930 | €409,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,026 | -€49,886 | -€46,860 | -1548.6% |
| Investment grants | 15 | €44,550 | €43,031 | -€1,519 | -3.4% |
| Amounts payable | 17/49 | €371,739 | €347,355 | -€24,384 | -6.6% |
| Amounts payable after more than one year | 17 | €283,505 | €273,854 | -€9,651 | -3.4% |
| Financial debts | 170/4 | €283,505 | €273,854 | -€9,651 | -3.4% |
| Amounts payable within one year | 42/48 | €88,234 | €73,501 | -€14,733 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €26,680 | €27,475 | +€795 | +3.0% |
| Trade debts | 44 | €41,279 | €8,394 | -€32,885 | -79.7% |
| Suppliers | 440/4 | €41,279 | €8,394 | -€32,885 | -79.7% |
| Taxes, remuneration and social security | 45 | €1,978 | - | -€1,978 | |
| Taxes | 450/3 | €1,978 | - | -€1,978 | |
| Other amounts payable | 47/48 | €18,297 | €37,632 | +€19,335 | +105.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,273 | €52,273 | = | 0.0% |
| Other operating charges | 640/8 | €6,062 | €4,979 | -€1,083 | -17.9% |
| Non-recurring operating charges | 66A | €1,467 | - | -€1,467 | |
| Gross operating margin | 9900 | €81,232 | €17,739 | -€63,493 | -78.2% |
| Operating profit (loss) | 9901 | €21,430 | -€39,513 | -€60,943 | |
| Financial income | 75/76B | €1,519 | €1,519 | = | 0.0% |
| Recurring financial income | 75 | €1,519 | €1,519 | = | 0.0% |
| Financial charges | 65/66B | €5,875 | €8,866 | +€2,991 | +50.9% |
| Recurring financial charges | 65 | €5,875 | €8,866 | +€2,991 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €17,074 | -€46,860 | -€63,934 | |
| Profit (loss) for the period | 9904 | €17,074 | -€46,860 | -€63,934 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,074 | -€46,860 | -€63,934 |
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 4 October 2026 via checked.be.