IMMO-DELTA: 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-DELTA
Largest movements
- Current investments +€1.1m
new in 2025: €1.1m
- Cash -€509,543
down €509,543 (-97.0%), from €525,435 to €15,892
mainly Current investments (-€1.1m) and Contributions, distributions and other (-€200,000)
- Tangible fixed assets -€119,597
down €119,597 (-67.2%), from €177,894 to €58,297
- Debts after one year +€200,000
new in 2025: €200,000
- Profit (loss) carried forward +€133,925
up €133,925 (+194.4%), from €68,874 to €202,799
- Provisions +€100,000
up €100,000 (+1333.3%), from €7,500 to €107,500
- Trade debts +€12,221
new in 2025: €12,221
- Financial income +€418,258
up €418,258 (+631.1%), from €66,279 to €484,537
of which Non-recurring financial income: +€305,403
- Provisions +€100,000
new in 2025: €100,000
- Financial charges -€24,505
down €24,505 (-47.1%), from €52,029 to €27,524
- Gross operating margin -€9,865
down €9,865 (-109.0%), from -€9,051 to -€18,916
- Taxes +€9,406
up €9,406, from -€5,234 to €4,172
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 | €703,374 | €1,149,520 | +€446,146 | +63.4% |
| Fixed assets | 21/28 | €177,894 | €58,297 | -€119,597 | -67.2% |
| Tangible fixed assets | 22/27 | €177,894 | €58,297 | -€119,597 | -67.2% |
| Land and buildings | 22 | €177,894 | €58,297 | -€119,597 | -67.2% |
| Current assets | 29/58 | €525,480 | €1,091,223 | +€565,743 | +107.7% |
| Amounts receivable within one year | 40/41 | €45 | - | -€45 | |
| Trade receivables | 40 | €45 | - | -€45 | |
| Current investments | 50/53 | - | €1,075,331 | +€1.1m | |
| Cash at bank and in hand | 54/58 | €525,435 | €15,892 | -€509,543 | -97.0% |
| Total equity and liabilities | 10/49 | €703,374 | €1,149,520 | +€446,146 | +63.4% |
| Equity | 10/15 | €695,874 | €829,799 | +€133,925 | +19.2% |
| Contributions | 10/11 | €570,000 | €570,000 | = | 0.0% |
| Capital | 10 | €570,000 | €570,000 | = | 0.0% |
| Issued capital | 100 | €570,000 | €570,000 | = | 0.0% |
| Reserves | 13 | €57,000 | €57,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €57,000 | €57,000 | = | 0.0% |
| Legal reserve | 130 | €57,000 | €57,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,874 | €202,799 | +€133,925 | +194.4% |
| Provisions and deferred taxes | 16 | €7,500 | €107,500 | +€100,000 | +1333.3% |
| Provisions for liabilities and charges | 160/5 | €7,500 | €107,500 | +€100,000 | +1333.3% |
| Taxes | 161 | €7,500 | €107,500 | +€100,000 | +1333.3% |
| Amounts payable | 17/49 | - | €212,221 | +€212,221 | |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Other amounts payable | 178/9 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | - | €12,221 | +€12,221 | |
| Trade debts | 44 | - | €12,221 | +€12,221 | |
| Suppliers | 440/4 | - | €12,221 | +€12,221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,389 | - | -€2,389 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | -€9,051 | -€18,916 | -€9,865 | -109.0% |
| Operating profit (loss) | 9901 | -€11,440 | -€118,916 | -€107,476 | -939.5% |
| Financial income | 75/76B | €66,279 | €484,537 | +€418,258 | +631.1% |
| Recurring financial income | 75 | €66,279 | €179,134 | +€112,855 | +170.3% |
| Non-recurring financial income | 76B | - | €305,403 | +€305,403 | |
| Financial charges | 65/66B | €52,029 | €27,524 | -€24,505 | -47.1% |
| Recurring financial charges | 65 | €52,029 | €27,524 | -€24,505 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €2,810 | €338,097 | +€335,287 | +11931.9% |
| Income taxes | 67/77 | -€5,234 | €4,172 | +€9,406 | |
| Profit (loss) for the period | 9904 | €8,044 | €333,925 | +€325,881 | +4051.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,044 | €333,925 | +€325,881 | +4051.2% |
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 6 October 2026 via checked.be.