Immo Emergo: 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 Emergo
Largest movements
- Receivables after one year -€86,062
down €86,062 (-10.0%), from €864,421 to €778,359
- Cash +€62,974
up €62,974 (+9.4%), from €670,138 to €733,111
mainly Receivables after one year (+€86,062) and Net result for the year (+€51,079)
- Debts after one year -€133,333
down €133,333 (-13.3%), from €1.0m to €866,667
- Profit (loss) carried forward +€48,525
up €48,525 (+24.1%), from €201,609 to €250,134
- Trade debts +€46,706
new in 2025: €46,706
- Gross operating margin +€5,932
up €5,932 (+3.7%), from €159,071 to €165,004
- Financial charges -€2,606
down €2,606 (-10.4%), from €25,157 to €22,552
- Depreciation +€2,007
up €2,007 (+8.3%), from €24,247 to €26,253
- Other operating charges +€1,883
up €1,883 (+4.1%), from €46,167 to €48,049
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 | €2,693,201 | €2,656,239 | -€36,962 | -1.4% |
| Fixed assets | 21/28 | €1,074,452 | €1,048,199 | -€26,253 | -2.4% |
| Tangible fixed assets | 22/27 | €1,074,452 | €1,048,199 | -€26,253 | -2.4% |
| Land and buildings | 22 | €1,038,507 | €1,012,254 | -€26,253 | -2.5% |
| Furniture and vehicles | 24 | €35,945 | €35,945 | = | 0.0% |
| Current assets | 29/58 | €1,618,749 | €1,608,041 | -€10,709 | -0.7% |
| Amounts receivable after more than one year | 29 | €864,421 | €778,359 | -€86,062 | -10.0% |
| Trade receivables | 290 | €864,421 | €778,359 | -€86,062 | -10.0% |
| Amounts receivable within one year | 40/41 | €84,191 | €96,570 | +€12,379 | +14.7% |
| Trade receivables | 40 | €84,191 | €96,570 | +€12,379 | +14.7% |
| Cash at bank and in hand | 54/58 | €670,138 | €733,111 | +€62,974 | +9.4% |
| Total equity and liabilities | 10/49 | €2,693,201 | €2,656,239 | -€36,962 | -1.4% |
| Equity | 10/15 | €1,550,939 | €1,602,018 | +€51,079 | +3.3% |
| Contributions | 10/11 | €1,243,681 | €1,243,681 | = | 0.0% |
| Capital | 10 | €1,243,681 | €1,243,681 | = | 0.0% |
| Issued capital | 100 | €1,243,681 | €1,243,681 | = | 0.0% |
| Reserves | 13 | €105,649 | €108,203 | +€2,554 | +2.4% |
| Non-distributable reserves | 130/1 | €28,113 | €30,667 | +€2,554 | +9.1% |
| Legal reserve | 130 | €28,113 | €30,667 | +€2,554 | +9.1% |
| Distributable reserves | 133 | €77,536 | €77,536 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,609 | €250,134 | +€48,525 | +24.1% |
| Amounts payable | 17/49 | €1,142,262 | €1,054,222 | -€88,041 | -7.7% |
| Amounts payable after more than one year | 17 | €1,000,000 | €866,667 | -€133,333 | -13.3% |
| Financial debts | 170/4 | €1,000,000 | €866,667 | -€133,333 | -13.3% |
| Amounts payable within one year | 42/48 | €142,262 | €187,555 | +€45,292 | +31.8% |
| Current portion of amounts payable after more than one year | 42 | €133,333 | €133,333 | = | 0.0% |
| Trade debts | 44 | - | €46,706 | +€46,706 | |
| Suppliers | 440/4 | - | €46,706 | +€46,706 | |
| Taxes, remuneration and social security | 45 | €8,929 | €7,516 | -€1,413 | -15.8% |
| Taxes | 450/3 | €8,929 | €7,516 | -€1,413 | -15.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,247 | €26,253 | +€2,007 | +8.3% |
| Other operating charges | 640/8 | €46,167 | €48,049 | +€1,883 | +4.1% |
| Gross operating margin | 9900 | €159,071 | €165,004 | +€5,932 | +3.7% |
| Operating profit (loss) | 9901 | €88,658 | €90,701 | +€2,043 | +2.3% |
| Financial charges | 65/66B | €25,157 | €22,552 | -€2,606 | -10.4% |
| Recurring financial charges | 65 | €25,157 | €22,552 | -€2,606 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €63,501 | €68,150 | +€4,649 | +7.3% |
| Income taxes | 67/77 | €16,009 | €17,071 | +€1,061 | +6.6% |
| Profit (loss) for the period | 9904 | €47,492 | €51,079 | +€3,587 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,492 | €51,079 | +€3,587 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.