IMMO - DES: 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 - DES
Largest movements
- Financial fixed assets +€150,500
new in 2025: €150,500
- Cash -€59,224
down €59,224 (-96.6%), from €61,300 to €2,076
mainly Investment in fixed assets (net) (-€150,500) and Receivables within one year (-€58,654)
- Receivables within one year +€58,654
up €58,654 (+1301.5%), from €4,507 to €63,161
of which Trade receivables: +€60,962
- Debts after one year +€133,952
new in 2025: €133,952
- Other debts -€37,112
down €37,112 (-18.2%), from €203,705 to €166,593
- Profit (loss) carried forward +€33,081
up €33,081 (+36.7%), from -€90,149 to -€57,069
- Current portion of long-term debt +€12,894
new in 2025: €12,894
- Trade debts +€5,738
up €5,738 (+472.5%), from €1,214 to €6,953
- Gross operating margin +€49,149
up €49,149, from -€10,653 to €38,496
- Financial charges +€1,903
up €1,903 (+2804.6%), from €68 to €1,971
- Other operating charges +€1,322
up €1,322 (+169.2%), from €781 to €2,103
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 | €142,373 | €290,927 | +€148,554 | +104.3% |
| Fixed assets | 21/28 | €76,518 | €225,690 | +€149,172 | +195.0% |
| Tangible fixed assets | 22/27 | €76,518 | €75,190 | -€1,328 | -1.7% |
| Land and buildings | 22 | €76,518 | €75,190 | -€1,328 | -1.7% |
| Financial fixed assets | 28 | - | €150,500 | +€150,500 | |
| Current assets | 29/58 | €65,855 | €65,237 | -€618 | -0.9% |
| Amounts receivable within one year | 40/41 | €4,507 | €63,161 | +€58,654 | +1301.5% |
| Trade receivables | 40 | €470 | €61,432 | +€60,962 | +12958.2% |
| Other amounts receivable | 41 | €4,036 | €1,729 | -€2,308 | -57.2% |
| Cash at bank and in hand | 54/58 | €61,300 | €2,076 | -€59,224 | -96.6% |
| Deferred charges and accrued income | 490/1 | €49 | - | -€49 | |
| Total equity and liabilities | 10/49 | €142,373 | €290,927 | +€148,554 | +104.3% |
| Equity | 10/15 | -€62,546 | -€29,466 | +€33,081 | +52.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,011 | €9,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,011 | €9,011 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,149 | -€57,069 | +€33,081 | +36.7% |
| Amounts payable | 17/49 | €204,920 | €320,393 | +€115,473 | +56.4% |
| Amounts payable after more than one year | 17 | - | €133,952 | +€133,952 | |
| Financial debts | 170/4 | - | €133,952 | +€133,952 | |
| Amounts payable within one year | 42/48 | €204,920 | €186,441 | -€18,478 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | - | €12,894 | +€12,894 | |
| Trade debts | 44 | €1,214 | €6,953 | +€5,738 | +472.5% |
| Suppliers | 440/4 | €1,214 | €6,953 | +€5,738 | +472.5% |
| Taxes, remuneration and social security | 45 | - | €2 | +€2 | |
| Taxes | 450/3 | - | €2 | +€2 | |
| Other amounts payable | 47/48 | €203,705 | €166,593 | -€37,112 | -18.2% |
| Non-recurring operating income | 76A | €2,350 | - | -€2,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,402 | €1,328 | -€75 | -5.3% |
| Other operating charges | 640/8 | €781 | €2,103 | +€1,322 | +169.2% |
| Gross operating margin | 9900 | -€10,653 | €38,496 | +€49,149 | |
| Operating profit (loss) | 9901 | -€12,837 | €35,065 | +€47,902 | |
| Financial income | 75/76B | €0 | €5 | +€5 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Financial charges | 65/66B | €68 | €1,971 | +€1,903 | +2804.6% |
| Recurring financial charges | 65 | €68 | €1,971 | +€1,903 | +2804.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,904 | €33,100 | +€46,004 | |
| Income taxes | 67/77 | €55 | €19 | -€36 | -65.5% |
| Profit (loss) for the period | 9904 | -€12,959 | €33,081 | +€46,040 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,959 | €33,081 | +€46,040 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.