IMMO EC: 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 EC
Largest movements
- Tangible fixed assets +€299,326
up €299,326 (+979.7%), from €30,553 to €329,879
- Cash -€24,184
down €24,184 (-72.8%), from €33,239 to €9,054
mainly Investment in fixed assets (net) (-€301,009) and Net result for the year (-€2,222)
- Debts after one year +€269,187
new in 2025: €269,187
- Current portion of long-term debt +€8,177
new in 2025: €8,177
- Gross operating margin +€3,907
up €3,907, from -€3,876 to €31
- Depreciation +€1,683
new in 2025: €1,683
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 | €87,387 | €362,529 | +€275,142 | +314.9% |
| Fixed assets | 21/28 | €30,553 | €329,879 | +€299,326 | +979.7% |
| Tangible fixed assets | 22/27 | €30,553 | €329,879 | +€299,326 | +979.7% |
| Land and buildings | 22 | €30,553 | €329,879 | +€299,326 | +979.7% |
| Current assets | 29/58 | €56,834 | €32,650 | -€24,184 | -42.6% |
| Amounts receivable within one year | 40/41 | €23,596 | €23,596 | = | 0.0% |
| Other amounts receivable | 41 | €23,596 | €23,596 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,239 | €9,054 | -€24,184 | -72.8% |
| Total equity and liabilities | 10/49 | €87,387 | €362,529 | +€275,142 | +314.9% |
| Equity | 10/15 | €86,903 | €84,681 | -€2,222 | -2.6% |
| Contributions | 10/11 | €88,564 | €88,564 | = | 0.0% |
| Reserves | 13 | €370,484 | €370,484 | = | 0.0% |
| Distributable reserves | 133 | €370,484 | €370,484 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€372,145 | -€374,368 | -€2,222 | -0.6% |
| Amounts payable | 17/49 | €484 | €277,848 | +€277,364 | +57306.6% |
| Amounts payable after more than one year | 17 | - | €269,187 | +€269,187 | |
| Financial debts | 170/4 | - | €269,187 | +€269,187 | |
| Amounts payable within one year | 42/48 | €484 | €8,661 | +€8,177 | +1689.5% |
| Current portion of amounts payable after more than one year | 42 | - | €8,177 | +€8,177 | |
| Trade debts | 44 | €484 | €484 | = | 0.0% |
| Suppliers | 440/4 | €484 | €484 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,683 | +€1,683 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€3,876 | €31 | +€3,907 | |
| Operating profit (loss) | 9901 | -€4,263 | -€2,052 | +€2,212 | +51.9% |
| Financial charges | 65/66B | €177 | €170 | -€6 | -3.5% |
| Recurring financial charges | 65 | €177 | €170 | -€6 | -3.5% |
| Non-recurring financial charges | 66B | €177 | €170 | -€6 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,440 | -€2,222 | +€2,218 | +49.9% |
| Profit (loss) for the period | 9904 | -€4,440 | -€2,222 | +€2,218 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,440 | -€2,222 | +€2,218 | +49.9% |
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.