IMMO ED & CO: 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 ED & CO
Largest movements
- Tangible fixed assets -€50,506
down €50,506 (-8.8%), from €574,451 to €523,945
- Cash -€6,081
down €6,081 (-44.0%), from €13,823 to €7,742
mainly Other debts (-€64,804) and Debts after one year (-€25,383)
- Other debts -€64,804
down €64,804 (-32.8%), from €197,360 to €132,556
- Profit (loss) carried forward +€29,732
up €29,732 (+41.2%), from -€72,205 to -€42,473
- Debts after one year -€25,383
down €25,383 (-8.3%), from €304,237 to €278,853
- Gross operating margin +€15,586
up €15,586 (+18.5%), from €84,331 to €99,917
- Depreciation -€12,501
down €12,501 (-19.8%), from €63,007 to €50,506
- Financial charges -€1,400
down €1,400 (-14.7%), from €9,529 to €8,129
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.
Derived cash bridge
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 | €604,811 | €548,048 | -€56,762 | -9.4% |
| Fixed assets | 21/28 | €574,451 | €523,945 | -€50,506 | -8.8% |
| Tangible fixed assets | 22/27 | €574,451 | €523,945 | -€50,506 | -8.8% |
| Land and buildings | 22 | €574,451 | €523,945 | -€50,506 | -8.8% |
| Current assets | 29/58 | €30,360 | €24,103 | -€6,257 | -20.6% |
| Amounts receivable within one year | 40/41 | €15,021 | €15,021 | = | 0.0% |
| Trade receivables | 40 | €15,021 | €15,021 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,823 | €7,742 | -€6,081 | -44.0% |
| Deferred charges and accrued income | 490/1 | €1,516 | €1,340 | -€176 | -11.6% |
| Total equity and liabilities | 10/49 | €604,811 | €548,048 | -€56,762 | -9.4% |
| Equity | 10/15 | €58,501 | €88,233 | +€29,732 | +50.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €30,706 | €30,706 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,706 | €30,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,205 | -€42,473 | +€29,732 | +41.2% |
| Amounts payable | 17/49 | €546,310 | €459,815 | -€86,495 | -15.8% |
| Amounts payable after more than one year | 17 | €304,237 | €278,853 | -€25,383 | -8.3% |
| Financial debts | 170/4 | €304,237 | €278,853 | -€25,383 | -8.3% |
| Amounts payable within one year | 42/48 | €229,240 | €168,160 | -€61,079 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €24,998 | €25,383 | +€385 | +1.5% |
| Advances received on contracts in progress | 46 | €5,007 | €5,007 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,875 | €5,214 | +€3,339 | +178% |
| Taxes | 450/3 | €1,875 | €5,214 | +€3,339 | +178% |
| Other amounts payable | 47/48 | €197,360 | €132,556 | -€64,804 | -32.8% |
| Accrued charges and deferred income | 492/3 | €12,834 | €12,802 | -€32 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,007 | €50,506 | -€12,501 | -19.8% |
| Other operating charges | 640/8 | €11,201 | €11,551 | +€350 | +3.1% |
| Gross operating margin | 9900 | €84,331 | €99,917 | +€15,586 | +18.5% |
| Operating profit (loss) | 9901 | €10,123 | €37,861 | +€27,737 | +274% |
| Financial charges | 65/66B | €9,529 | €8,129 | -€1,400 | -14.7% |
| Recurring financial charges | 65 | €9,529 | €8,129 | -€1,400 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €595 | €29,732 | +€29,137 | +4,898% |
| Profit (loss) for the period | 9904 | €595 | €29,732 | +€29,137 | +4,898% |
| Profit (loss) for the period to be appropriated | 9905 | €595 | €29,732 | +€29,137 | +4,898% |
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 13 October 2026 via checked.be.