IMMO EBROS: 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 EBROS
Largest movements
- Cash -€52,930
down €52,930 (-36.4%), from €145,513 to €92,583
mainly Investment in fixed assets (net) (-€153,926) and Trade debts (-€51,293)
- Tangible fixed assets +€45,765
up €45,765 (+3.2%), from €1.4m to €1.5m
of which Land and buildings: +€45,695
- Trade debts -€51,293
down €51,293 (-14.6%), from €351,328 to €300,035
- Profit (loss) carried forward +€45,555
up €45,555 (+63.3%), from -€71,911 to -€26,356
- Gross operating margin +€24,578
up €24,578 (+11.3%), from €217,389 to €241,967
- Taxes +€13,585
up €13,585 (+122718.6%), from €11 to €13,596
- Other operating charges +€8,324
up €8,324 (+22.7%), from €36,695 to €45,019
- Financial charges -€3,339
down €3,339 (-8.7%), from €38,468 to €35,128
- Depreciation +€2,981
up €2,981 (+2.8%), from €105,180 to €108,161
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 | €1,583,138 | €1,576,176 | -€6,963 | -0.4% |
| Fixed assets | 21/28 | €1,437,595 | €1,483,359 | +€45,765 | +3.2% |
| Tangible fixed assets | 22/27 | €1,437,595 | €1,483,359 | +€45,765 | +3.2% |
| Land and buildings | 22 | €1,433,771 | €1,479,465 | +€45,695 | +3.2% |
| Furniture and vehicles | 24 | €3,824 | €3,894 | +€70 | +1.8% |
| Current assets | 29/58 | €145,544 | €92,816 | -€52,727 | -36.2% |
| Amounts receivable within one year | 40/41 | €30 | €233 | +€203 | +666.2% |
| Other amounts receivable | 41 | €30 | €233 | +€203 | +666.2% |
| Cash at bank and in hand | 54/58 | €145,513 | €92,583 | -€52,930 | -36.4% |
| Total equity and liabilities | 10/49 | €1,583,138 | €1,576,176 | -€6,963 | -0.4% |
| Equity | 10/15 | €702,012 | €743,713 | +€41,702 | +5.9% |
| Contributions | 10/11 | €586,325 | €586,325 | = | 0.0% |
| Capital | 10 | €586,325 | €586,325 | = | 0.0% |
| Issued capital | 100 | €586,325 | €586,325 | = | 0.0% |
| Reserves | 13 | €187,598 | €183,745 | -€3,853 | -2.1% |
| Non-distributable reserves | 130/1 | €58,627 | €58,627 | = | 0.0% |
| Legal reserve | 130 | €58,627 | €58,627 | = | 0.0% |
| Tax-exempt reserves | 132 | €111,738 | €107,885 | -€3,853 | -3.4% |
| Distributable reserves | 133 | €17,233 | €17,233 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,911 | -€26,356 | +€45,555 | +63.3% |
| Provisions and deferred taxes | 16 | €36,058 | €34,774 | -€1,284 | -3.6% |
| Deferred taxes | 168 | €36,058 | €34,774 | -€1,284 | -3.6% |
| Amounts payable | 17/49 | €845,069 | €797,688 | -€47,380 | -5.6% |
| Amounts payable within one year | 42/48 | €845,069 | €797,688 | -€47,380 | -5.6% |
| Trade debts | 44 | €351,328 | €300,035 | -€51,293 | -14.6% |
| Suppliers | 440/4 | €351,328 | €300,035 | -€51,293 | -14.6% |
| Taxes, remuneration and social security | 45 | €334 | €14,687 | +€14,354 | +4303.0% |
| Taxes | 450/3 | €334 | €14,687 | +€14,354 | +4303.0% |
| Other amounts payable | 47/48 | €493,407 | €482,966 | -€10,441 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,180 | €108,161 | +€2,981 | +2.8% |
| Other operating charges | 640/8 | €36,695 | €45,019 | +€8,324 | +22.7% |
| Gross operating margin | 9900 | €217,389 | €241,967 | +€24,578 | +11.3% |
| Operating profit (loss) | 9901 | €75,514 | €88,787 | +€13,273 | +17.6% |
| Financial income | 75/76B | €257 | €355 | +€98 | +38.4% |
| Recurring financial income | 75 | €257 | €355 | +€98 | +38.4% |
| Financial charges | 65/66B | €38,468 | €35,128 | -€3,339 | -8.7% |
| Recurring financial charges | 65 | €38,468 | €35,128 | -€3,339 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €37,303 | €54,014 | +€16,711 | +44.8% |
| Transfer from deferred taxes | 780 | €1,284 | €1,284 | = | 0.0% |
| Income taxes | 67/77 | €11 | €13,596 | +€13,585 | +122718.6% |
| Profit (loss) for the period | 9904 | €38,576 | €41,702 | +€3,126 | +8.1% |
| Transfer from tax-exempt reserves | 789 | €3,853 | €3,853 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,429 | €45,555 | +€3,126 | +7.4% |
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 9 October 2026 via checked.be.