IMMO DN: 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 DN
Largest movements
- Tangible fixed assets -€11,914
down €11,914 (-7.2%), from €165,806 to €153,892
of which Furniture and vehicles: -€8,000
- Cash -€8,099
down €8,099 (-88.3%), from €9,168 to €1,069
mainly Debts after one year (-€29,479) and Investment in fixed assets (net) (-€5,157)
- Debts after one year -€29,479
down €29,479 (-35.4%), from €83,384 to €53,906
of which Financial debts: -€29,479
- Other debts +€7,600
up €7,600 (+27.4%), from €27,739 to €35,339
- Other operating charges -€11,303
down €11,303 (-64.9%), from €17,424 to €6,121
- Gross operating margin +€3,960
up €3,960 (+16.2%), from €24,430 to €28,390
- Depreciation -€2,578
down €2,578 (-13.1%), from €19,649 to €17,071
- Financial charges -€1,007
down €1,007 (-18.4%), from €5,480 to €4,473
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 | €228,911 | €208,557 | -€20,354 | -8.9% |
| Fixed assets | 21/28 | €165,955 | €154,041 | -€11,914 | -7.2% |
| Tangible fixed assets | 22/27 | €165,806 | €153,892 | -€11,914 | -7.2% |
| Land and buildings | 22 | €145,140 | €141,225 | -€3,914 | -2.7% |
| Furniture and vehicles | 24 | €20,667 | €12,667 | -€8,000 | -38.7% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €62,956 | €54,517 | -€8,439 | -13.4% |
| Amounts receivable after more than one year | 29 | €48,371 | €48,017 | -€354 | -0.7% |
| Other amounts receivable | 291 | €48,371 | €48,017 | -€354 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,240 | €375 | -€865 | -69.8% |
| Trade receivables | 40 | €372 | €372 | = | 0.0% |
| Other amounts receivable | 41 | €868 | €3 | -€865 | -99.6% |
| Cash at bank and in hand | 54/58 | €9,168 | €1,069 | -€8,099 | -88.3% |
| Deferred charges and accrued income | 490/1 | €4,176 | €5,056 | +€880 | +21.1% |
| Total equity and liabilities | 10/49 | €228,911 | €208,557 | -€20,354 | -8.9% |
| Equity | 10/15 | €80,338 | €81,068 | +€730 | +0.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €109,997 | €109,997 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,347 | €8,347 | = | 0.0% |
| Distributable reserves | 133 | €95,500 | €95,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,159 | -€90,429 | +€730 | +0.8% |
| Amounts payable | 17/49 | €148,573 | €127,489 | -€21,084 | -14.2% |
| Amounts payable after more than one year | 17 | €83,384 | €53,906 | -€29,479 | -35.4% |
| Financial debts | 170/4 | €80,184 | €50,706 | -€29,479 | -36.8% |
| Other amounts payable | 178/9 | €3,200 | €3,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,982 | €67,152 | +€9,170 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €28,306 | €30,533 | +€2,227 | +7.9% |
| Financial debts | 43 | €1,789 | €788 | -€1,002 | -56.0% |
| Credit institutions | 430/8 | €1,789 | €788 | -€1,002 | -56.0% |
| Trade debts | 44 | €147 | €492 | +€345 | +234.1% |
| Suppliers | 440/4 | €147 | €492 | +€345 | +234.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €27,739 | €35,339 | +€7,600 | +27.4% |
| Accrued charges and deferred income | 492/3 | €7,207 | €6,432 | -€775 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,649 | €17,071 | -€2,578 | -13.1% |
| Other operating charges | 640/8 | €17,424 | €6,121 | -€11,303 | -64.9% |
| Gross operating margin | 9900 | €24,430 | €28,390 | +€3,960 | +16.2% |
| Operating profit (loss) | 9901 | -€12,643 | €5,198 | +€17,841 | |
| Financial income | 75/76B | €10 | €7 | -€3 | -28.1% |
| Recurring financial income | 75 | €10 | €7 | -€3 | -28.1% |
| Financial charges | 65/66B | €5,480 | €4,473 | -€1,007 | -18.4% |
| Recurring financial charges | 65 | €5,480 | €4,473 | -€1,007 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,112 | €732 | +€18,845 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€18,112 | €730 | +€18,843 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,112 | €730 | +€18,843 |
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 28 September 2026 via checked.be.