IMMO EERA: 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 EERA
Largest movements
- Receivables within one year -€1.4m
down €1.4m (-36.4%), from €3.8m to €2.4m
of which Other amounts receivable: -€1.3m
- Stocks and contracts +€924,954
up €924,954 (+116.8%), from €791,808 to €1.7m
- Cash +€355,225
up €355,225 (+130.0%), from €273,279 to €628,505
mainly Receivables within one year (+€1.4m) and Advances received (+€992,021)
- Tangible fixed assets -€158,750
down €158,750 (-6.1%), from €2.6m to €2.5m
of which Plant, machinery and equipment: -€140,916
- Other debts -€992,612
down €992,612 (-30.2%), from €3.3m to €2.3m
- Advances received +€992,021
up €992,021 (+253.3%), from €391,706 to €1.4m
- Reserves -€100,403
down €100,403 (-4.9%), from €2.0m to €1.9m
of which Tax-exempt reserves: -€100,403
- Debts after one year -€85,188
down €85,188 (-9.7%), from €876,116 to €790,928
- Gross operating margin -€28,592
down €28,592 (-9.9%), from -€288,040 to -€316,632
- Financial charges -€14,625
down €14,625 (-27.7%), from €52,717 to €38,092
- Financial income -€4,875
down €4,875 (-2.3%), from €211,165 to €206,290
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 | €7,443,468 | €7,195,304 | -€248,163 | -3.3% |
| Fixed assets | 21/28 | €2,616,333 | €2,457,583 | -€158,750 | -6.1% |
| Tangible fixed assets | 22/27 | €2,616,333 | €2,457,583 | -€158,750 | -6.1% |
| Land and buildings | 22 | €928,975 | €927,462 | -€1,513 | -0.2% |
| Plant, machinery and equipment | 23 | €1,671,037 | €1,530,121 | -€140,916 | -8.4% |
| Furniture and vehicles | 24 | €16,321 | - | -€16,321 | |
| Current assets | 29/58 | €4,827,135 | €4,737,722 | -€89,413 | -1.9% |
| Stocks and contracts in progress | 3 | €791,808 | €1,716,763 | +€924,954 | +116.8% |
| Stocks | 30/36 | €791,808 | €1,716,763 | +€924,954 | +116.8% |
| Amounts receivable within one year | 40/41 | €3,760,979 | €2,391,565 | -€1.4m | -36.4% |
| Trade receivables | 40 | €30,840 | - | -€30,840 | |
| Other amounts receivable | 41 | €3,730,139 | €2,391,565 | -€1.3m | -35.9% |
| Cash at bank and in hand | 54/58 | €273,279 | €628,505 | +€355,225 | +130.0% |
| Deferred charges and accrued income | 490/1 | €1,068 | €889 | -€179 | -16.8% |
| Total equity and liabilities | 10/49 | €7,443,468 | €7,195,304 | -€248,163 | -3.3% |
| Equity | 10/15 | €2,422,550 | €2,287,895 | -€134,655 | -5.6% |
| Contributions | 10/11 | €186,500 | €186,500 | = | 0.0% |
| Capital | 10 | €186,500 | €186,500 | = | 0.0% |
| Issued capital | 100 | €561,500 | €561,500 | = | 0.0% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €2,029,340 | €1,928,937 | -€100,403 | -4.9% |
| Non-distributable reserves | 130/1 | €56,150 | €56,150 | = | 0.0% |
| Legal reserve | 130 | €56,150 | €56,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,289,721 | €1,189,318 | -€100,403 | -7.8% |
| Distributable reserves | 133 | €683,469 | €683,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,710 | €172,458 | -€34,252 | -16.6% |
| Provisions and deferred taxes | 16 | €429,907 | €396,439 | -€33,468 | -7.8% |
| Deferred taxes | 168 | €429,907 | €396,439 | -€33,468 | -7.8% |
| Amounts payable | 17/49 | €4,591,011 | €4,510,971 | -€80,040 | -1.7% |
| Amounts payable after more than one year | 17 | €876,116 | €790,928 | -€85,188 | -9.7% |
| Financial debts | 170/4 | €876,116 | €790,928 | -€85,188 | -9.7% |
| Amounts payable within one year | 42/48 | €3,682,581 | €3,683,081 | +€500 | 0.0% |
| Trade debts | 44 | €720 | €1,812 | +€1,092 | +151.7% |
| Suppliers | 440/4 | €720 | €1,812 | +€1,092 | +151.7% |
| Advances received on contracts in progress | 46 | €391,706 | €1,383,727 | +€992,021 | +253.3% |
| Other amounts payable | 47/48 | €3,290,154 | €2,297,542 | -€992,612 | -30.2% |
| Accrued charges and deferred income | 492/3 | €32,314 | €36,962 | +€4,648 | +14.4% |
| Non-recurring operating income | 76A | €2,874 | - | -€2,874 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,653 | €16,653 | = | 0.0% |
| Other operating charges | 640/8 | €3,331 | €3,035 | -€296 | -8.9% |
| Gross operating margin | 9900 | -€288,040 | -€316,632 | -€28,592 | -9.9% |
| Operating profit (loss) | 9901 | -€308,024 | -€336,320 | -€28,296 | -9.2% |
| Financial income | 75/76B | €211,165 | €206,290 | -€4,875 | -2.3% |
| Recurring financial income | 75 | €211,165 | €206,290 | -€4,875 | -2.3% |
| Financial charges | 65/66B | €52,717 | €38,092 | -€14,625 | -27.7% |
| Recurring financial charges | 65 | €52,717 | €38,092 | -€14,625 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | -€149,576 | -€168,123 | -€18,547 | -12.4% |
| Transfer from deferred taxes | 780 | €27,836 | €33,468 | +€5,632 | +20.2% |
| Profit (loss) for the period | 9904 | -€121,740 | -€134,655 | -€12,915 | -10.6% |
| Transfer from tax-exempt reserves | 789 | €83,507 | €100,403 | +€16,896 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,233 | -€34,252 | +€3,980 | +10.4% |
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 3 October 2026 via checked.be.