IMMO DEMO: 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 DEMO
Largest movements
- Current investments +€200,000
up €200,000 (+36.4%), from €550,000 to €750,000
- Cash -€74,441
down €74,441 (-83.9%), from €88,763 to €14,322
mainly Current investments (-€200,000) and Investment in fixed assets (net) (-€3,387)
- Tangible fixed assets -€66,971
down €66,971 (-7.5%), from €894,205 to €827,235
of which Land and buildings: -€66,945
- Accrued charges and deferred income +€54,593
up €54,593 (+2625.8%), from €2,079 to €56,672
- Financial charges +€56,014
up €56,014 (+10422.6%), from €537 to €56,551
- Gross operating margin +€8,054
up €8,054 (+4.6%), from €175,829 to €183,883
- Financial income -€4,118
down €4,118 (-24.9%), from €16,512 to €12,394
- Other operating charges +€3,516
up €3,516 (+5.5%), from €64,359 to €67,875
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 | €1,546,122 | €1,601,523 | +€55,402 | +3.6% |
| Fixed assets | 21/28 | €894,205 | €827,235 | -€66,971 | -7.5% |
| Tangible fixed assets | 22/27 | €894,205 | €827,235 | -€66,971 | -7.5% |
| Land and buildings | 22 | €884,937 | €817,992 | -€66,945 | -7.6% |
| Plant, machinery and equipment | 23 | €9,268 | €7,083 | -€2,185 | -23.6% |
| Furniture and vehicles | 24 | - | €2,159 | +€2,159 | |
| Current assets | 29/58 | €651,916 | €774,289 | +€122,372 | +18.8% |
| Amounts receivable within one year | 40/41 | €9,848 | €6,044 | -€3,803 | -38.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,848 | €6,044 | -€3,803 | -38.6% |
| Current investments | 50/53 | €550,000 | €750,000 | +€200,000 | +36.4% |
| Cash at bank and in hand | 54/58 | €88,763 | €14,322 | -€74,441 | -83.9% |
| Deferred charges and accrued income | 490/1 | €3,306 | €3,922 | +€617 | +18.7% |
| Total equity and liabilities | 10/49 | €1,546,122 | €1,601,523 | +€55,402 | +3.6% |
| Equity | 10/15 | €65,332 | €66,825 | +€1,493 | +2.3% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,561 | -€181,069 | +€1,493 | +0.8% |
| Amounts payable | 17/49 | €1,480,790 | €1,534,699 | +€53,909 | +3.6% |
| Amounts payable within one year | 42/48 | €1,478,711 | €1,478,027 | -€684 | 0.0% |
| Financial debts | 43 | €1,422,090 | €1,422,090 | = | 0.0% |
| Other loans | 439 | €1,422,090 | €1,422,090 | = | 0.0% |
| Trade debts | 44 | - | €325 | +€325 | |
| Suppliers | 440/4 | - | €325 | +€325 | |
| Other amounts payable | 47/48 | €56,621 | €55,612 | -€1,009 | -1.8% |
| Accrued charges and deferred income | 492/3 | €2,079 | €56,672 | +€54,593 | +2625.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,230 | €70,358 | -€872 | -1.2% |
| Other operating charges | 640/8 | €64,359 | €67,875 | +€3,516 | +5.5% |
| Gross operating margin | 9900 | €175,829 | €183,883 | +€8,054 | +4.6% |
| Operating profit (loss) | 9901 | €40,240 | €45,650 | +€5,410 | +13.4% |
| Financial income | 75/76B | €16,512 | €12,394 | -€4,118 | -24.9% |
| Recurring financial income | 75 | €16,512 | €12,394 | -€4,118 | -24.9% |
| Financial charges | 65/66B | €537 | €56,551 | +€56,014 | +10422.6% |
| Recurring financial charges | 65 | €537 | €56,551 | +€56,014 | +10422.6% |
| Profit (loss) for the period before taxes | 9903 | €56,215 | €1,493 | -€54,722 | -97.3% |
| Profit (loss) for the period | 9904 | €56,215 | €1,493 | -€54,722 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €56,215 | €1,493 | -€54,722 | -97.3% |
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 11 October 2026 via checked.be.