IMMO-EIBO: 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-EIBO
Largest movements
- Tangible fixed assets +€898,525
up €898,525 (+66.0%), from €1.4m to €2.3m
of which Land and buildings: +€906,372
- Cash +€32,793
up €32,793 (+45.2%), from €72,623 to €105,417
mainly Net result for the year (+€325,969) and Other debts (+€274,842)
- Receivables within one year -€27,267
down €27,267 (-23.1%), from €118,263 to €90,996
of which Other amounts receivable: -€14,761
- Reserves +€335,269
up €335,269 (+21.1%), from €1.6m to €1.9m
of which Tax-exempt reserves: +€436,599
- Other debts +€274,842
up €274,842 (+203.6%), from €134,979 to €409,821
- Provisions +€145,533
up €145,533 (+4443.1%), from €3,276 to €148,809
- Debts after one year +€133,806
new in 2025: €133,806
- Gross operating margin +€633,776
up €633,776 (+577.9%), from €109,669 to €743,445
- Depreciation +€146,725
up €146,725 (+169.8%), from €86,407 to €233,133
- Financial charges +€7,586
up €7,586 (+62.7%), from €12,091 to €19,677
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 | €1,796,869 | €2,682,406 | +€885,537 | +49.3% |
| Fixed assets | 21/28 | €1,580,659 | €2,479,184 | +€898,525 | +56.8% |
| Tangible fixed assets | 22/27 | €1,360,510 | €2,259,035 | +€898,525 | +66.0% |
| Land and buildings | 22 | €1,346,162 | €2,252,533 | +€906,372 | +67.3% |
| Furniture and vehicles | 24 | €14,348 | €6,501 | -€7,846 | -54.7% |
| Financial fixed assets | 28 | €220,149 | €220,149 | = | 0.0% |
| Current assets | 29/58 | €216,210 | €203,222 | -€12,988 | -6.0% |
| Amounts receivable within one year | 40/41 | €118,263 | €90,996 | -€27,267 | -23.1% |
| Trade receivables | 40 | €19,523 | €7,017 | -€12,506 | -64.1% |
| Other amounts receivable | 41 | €98,740 | €83,979 | -€14,761 | -14.9% |
| Cash at bank and in hand | 54/58 | €72,623 | €105,417 | +€32,793 | +45.2% |
| Deferred charges and accrued income | 490/1 | €25,324 | €6,809 | -€18,514 | -73.1% |
| Total equity and liabilities | 10/49 | €1,796,869 | €2,682,406 | +€885,537 | +49.3% |
| Equity | 10/15 | €1,629,256 | €1,955,225 | +€325,969 | +20.0% |
| Contributions | 10/11 | €30,141 | €30,141 | = | 0.0% |
| Reserves | 13 | €1,589,815 | €1,925,084 | +€335,269 | +21.1% |
| Tax-exempt reserves | 132 | €42,218 | €478,817 | +€436,599 | +1034.2% |
| Distributable reserves | 133 | €1,547,597 | €1,446,267 | -€101,330 | -6.5% |
| Profit (loss) carried forward | 14 | €9,300 | - | -€9,300 | |
| Provisions and deferred taxes | 16 | €3,276 | €148,809 | +€145,533 | +4443.1% |
| Deferred taxes | 168 | €3,276 | €148,809 | +€145,533 | +4443.1% |
| Amounts payable | 17/49 | €164,338 | €578,373 | +€414,035 | +251.9% |
| Amounts payable after more than one year | 17 | - | €133,806 | +€133,806 | |
| Financial debts | 170/4 | - | €133,806 | +€133,806 | |
| Amounts payable within one year | 42/48 | €158,569 | €438,294 | +€279,725 | +176.4% |
| Current portion of amounts payable after more than one year | 42 | - | €13,008 | +€13,008 | |
| Trade debts | 44 | €10,246 | €3,908 | -€6,337 | -61.9% |
| Suppliers | 440/4 | €10,246 | €3,908 | -€6,337 | -61.9% |
| Taxes, remuneration and social security | 45 | €13,345 | €11,557 | -€1,787 | -13.4% |
| Taxes | 450/3 | €13,345 | €11,557 | -€1,787 | -13.4% |
| Other amounts payable | 47/48 | €134,979 | €409,821 | +€274,842 | +203.6% |
| Accrued charges and deferred income | 492/3 | €5,769 | €6,273 | +€504 | +8.7% |
| Non-recurring operating income | 76A | - | €637,515 | +€637,515 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,407 | €233,133 | +€146,725 | +169.8% |
| Other operating charges | 640/8 | €17,613 | €18,007 | +€394 | +2.2% |
| Non-recurring operating charges | 66A | €213 | €1,401 | +€1,188 | +557.7% |
| Gross operating margin | 9900 | €109,669 | €743,445 | +€633,776 | +577.9% |
| Operating profit (loss) | 9901 | €5,435 | €490,904 | +€485,469 | +8931.8% |
| Financial income | 75/76B | €3,967 | €879 | -€3,087 | -77.8% |
| Recurring financial income | 75 | €1,541 | €879 | -€662 | -42.9% |
| Non-recurring financial income | 76B | €2,426 | - | -€2,426 | |
| Financial charges | 65/66B | €12,091 | €19,677 | +€7,586 | +62.7% |
| Recurring financial charges | 65 | €12,091 | €19,677 | +€7,586 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,689 | €472,107 | +€474,796 | |
| Transfer from deferred taxes | 780 | €1,521 | €13,846 | +€12,325 | +810.4% |
| Transfer to deferred taxes | 680 | - | €159,379 | +€159,379 | |
| Income taxes | 67/77 | €3,322 | €605 | -€2,718 | -81.8% |
| Profit (loss) for the period | 9904 | -€4,491 | €325,969 | +€330,459 | |
| Transfer from tax-exempt reserves | 789 | €4,562 | €41,537 | +€36,975 | +810.4% |
| Transfer to tax-exempt reserves | 689 | - | €478,136 | +€478,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €72 | -€110,631 | -€110,703 |
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 6 October 2026 via checked.be.