IMMO-DS: 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-DS
Largest movements
- Tangible fixed assets -€13,193
down €13,193 (-3.0%), from €440,269 to €427,076
of which Land and buildings: -€15,301
- Debts after one year -€25,210
down €25,210 (-49.6%), from €50,782 to €25,573
- Profit (loss) carried forward +€19,605
up €19,605 (+20.2%), from €97,066 to €116,671
- Other debts -€10,646
down €10,646 (-6.4%), from €167,425 to €156,779
- Gross operating margin +€1,340
up €1,340 (+3.0%), from €45,317 to €46,657
- Depreciation -€1,225
down €1,225 (-6.8%), from €18,030 to €16,805
- Taxes +€602
up €602 (+9.2%), from €6,564 to €7,166
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 | €446,793 | €430,674 | -€16,119 | -3.6% |
| Fixed assets | 21/28 | €440,669 | €427,476 | -€13,193 | -3.0% |
| Tangible fixed assets | 22/27 | €440,269 | €427,076 | -€13,193 | -3.0% |
| Land and buildings | 22 | €431,613 | €416,312 | -€15,301 | -3.5% |
| Plant, machinery and equipment | 23 | €7,231 | €9,840 | +€2,609 | +36.1% |
| Furniture and vehicles | 24 | €1,426 | €925 | -€501 | -35.2% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €6,124 | €3,198 | -€2,926 | -47.8% |
| Cash at bank and in hand | 54/58 | €5,709 | €3,098 | -€2,611 | -45.7% |
| Deferred charges and accrued income | 490/1 | €415 | €100 | -€315 | -75.9% |
| Total equity and liabilities | 10/49 | €446,793 | €430,674 | -€16,119 | -3.6% |
| Equity | 10/15 | €173,665 | €191,242 | +€17,576 | +10.1% |
| Contributions | 10/11 | €21,101 | €21,101 | = | 0.0% |
| Reserves | 13 | €55,498 | €53,470 | -€2,029 | -3.7% |
| Non-distributable reserves | 130/1 | €2,111 | €2,111 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,111 | €2,111 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,387 | €51,359 | -€2,029 | -3.8% |
| Profit (loss) carried forward | 14 | €97,066 | €116,671 | +€19,605 | +20.2% |
| Provisions and deferred taxes | 16 | €17,796 | €17,120 | -€676 | -3.8% |
| Deferred taxes | 168 | €17,796 | €17,120 | -€676 | -3.8% |
| Amounts payable | 17/49 | €255,332 | €222,313 | -€33,019 | -12.9% |
| Amounts payable after more than one year | 17 | €50,782 | €25,573 | -€25,210 | -49.6% |
| Financial debts | 170/4 | €50,782 | €25,573 | -€25,210 | -49.6% |
| Amounts payable within one year | 42/48 | €203,690 | €195,881 | -€7,809 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €24,852 | €25,210 | +€358 | +1.4% |
| Trade debts | 44 | €73 | €169 | +€96 | +132.3% |
| Suppliers | 440/4 | €73 | €169 | +€96 | +132.3% |
| Taxes, remuneration and social security | 45 | €11,341 | €13,724 | +€2,383 | +21.0% |
| Taxes | 450/3 | €11,341 | €13,724 | +€2,383 | +21.0% |
| Other amounts payable | 47/48 | €167,425 | €156,779 | -€10,646 | -6.4% |
| Accrued charges and deferred income | 492/3 | €860 | €860 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,030 | €16,805 | -€1,225 | -6.8% |
| Other operating charges | 640/8 | €4,573 | €4,782 | +€209 | +4.6% |
| Gross operating margin | 9900 | €45,317 | €46,657 | +€1,340 | +3.0% |
| Operating profit (loss) | 9901 | €22,714 | €25,070 | +€2,356 | +10.4% |
| Financial charges | 65/66B | €1,354 | €1,004 | -€350 | -25.9% |
| Recurring financial charges | 65 | €1,354 | €1,004 | -€350 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | €21,360 | €24,066 | +€2,706 | +12.7% |
| Transfer from deferred taxes | 780 | €676 | €676 | = | 0.0% |
| Income taxes | 67/77 | €6,564 | €7,166 | +€602 | +9.2% |
| Profit (loss) for the period | 9904 | €15,472 | €17,576 | +€2,104 | +13.6% |
| Transfer from tax-exempt reserves | 789 | €2,029 | €2,029 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,501 | €19,605 | +€2,104 | +12.0% |
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 1 October 2026 via checked.be.