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
- Tangible fixed assets -€11,061
down €11,061 (-1.7%), from €651,932 to €640,871
- Other debts +€38,570
up €38,570 (+12.2%), from €316,930 to €355,500
- Debts after one year -€31,495
down €31,495 (-6.8%), from €461,271 to €429,776
- Profit (loss) carried forward -€14,340
down €14,340 (-8.5%), from -€168,294 to -€182,633
- Other operating charges -€35,752
down €35,752 (-75.1%), from €47,594 to €11,843
- Gross operating margin +€11,830
up €11,830 (+86037.6%), from €14 to €11,844
- Financial charges -€6,184
down €6,184 (-65.3%), from €9,464 to €3,280
- Depreciation -€435
down €435 (-3.8%), from €11,496 to €11,061
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 | €652,013 | €642,295 | -€9,718 | -1.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €651,932 | €640,871 | -€11,061 | -1.7% |
| Tangible fixed assets | 22/27 | €651,932 | €640,871 | -€11,061 | -1.7% |
| Land and buildings | 22 | €651,932 | €640,871 | -€11,061 | -1.7% |
| Current assets | 29/58 | €81 | €1,424 | +€1,343 | +1657.2% |
| Amounts receivable within one year | 40/41 | - | €1,421 | +€1,421 | |
| Other amounts receivable | 41 | - | €1,421 | +€1,421 | |
| Cash at bank and in hand | 54/58 | €81 | €2 | -€79 | -97.3% |
| Total equity and liabilities | 10/49 | €652,013 | €642,295 | -€9,718 | -1.5% |
| Equity | 10/15 | -€163,294 | -€177,633 | -€14,340 | -8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€168,294 | -€182,633 | -€14,340 | -8.5% |
| Amounts payable | 17/49 | €815,307 | €819,928 | +€4,622 | +0.6% |
| Amounts payable after more than one year | 17 | €461,271 | €429,776 | -€31,495 | -6.8% |
| Financial debts | 170/4 | €461,271 | €429,776 | -€31,495 | -6.8% |
| Amounts payable within one year | 42/48 | €348,042 | €387,065 | +€39,023 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €31,112 | €31,495 | +€384 | +1.2% |
| Trade debts | 44 | €0 | €69 | +€69 | |
| Suppliers | 440/4 | €0 | €69 | +€69 | |
| Other amounts payable | 47/48 | €316,930 | €355,500 | +€38,570 | +12.2% |
| Accrued charges and deferred income | 492/3 | €5,994 | €3,088 | -€2,906 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,496 | €11,061 | -€435 | -3.8% |
| Other operating charges | 640/8 | €47,594 | €11,843 | -€35,752 | -75.1% |
| Gross operating margin | 9900 | €14 | €11,844 | +€11,830 | +86037.6% |
| Operating profit (loss) | 9901 | -€59,076 | -€11,059 | +€48,017 | +81.3% |
| Financial charges | 65/66B | €9,464 | €3,280 | -€6,184 | -65.3% |
| Recurring financial charges | 65 | €9,464 | €3,280 | -€6,184 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | -€68,540 | -€14,340 | +€54,201 | +79.1% |
| Profit (loss) for the period | 9904 | -€68,540 | -€14,340 | +€54,201 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,540 | -€14,340 | +€54,201 | +79.1% |
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 7 October 2026 via checked.be.