Immo Emmers: 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 Emmers
Largest movements
- Tangible fixed assets +€251,925
up €251,925 (+49.1%), from €513,358 to €765,283
- Cash +€13,889
up €13,889 (+999.4%), from €1,390 to €15,279
mainly Debts after one year (+€246,636) and Depreciation (+€23,075)
- Debts after one year +€246,636
up €246,636 (+98.6%), from €250,044 to €496,680
of which Financial debts: +€175,078
- Current portion of long-term debt +€21,822
up €21,822 (+50.2%), from €43,467 to €65,289
- Financial charges +€37,207
up €37,207 (+390.1%), from €9,539 to €46,746
- Gross operating margin +€17,949
up €17,949 (+27.4%), from €65,564 to €83,513
- Taxes -€6,354
down €6,354 (-73.1%), from €8,693 to €2,339
- Depreciation +€5,356
up €5,356 (+30.2%), from €17,719 to €23,075
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 | €514,747 | €781,515 | +€266,768 | +51.8% |
| Fixed assets | 21/28 | €513,358 | €765,283 | +€251,925 | +49.1% |
| Tangible fixed assets | 22/27 | €513,358 | €765,283 | +€251,925 | +49.1% |
| Land and buildings | 22 | €513,358 | €765,283 | +€251,925 | +49.1% |
| Current assets | 29/58 | €1,390 | €16,232 | +€14,843 | +1068.0% |
| Amounts receivable within one year | 40/41 | - | €954 | +€954 | |
| Other amounts receivable | 41 | - | €954 | +€954 | |
| Cash at bank and in hand | 54/58 | €1,390 | €15,279 | +€13,889 | +999.4% |
| Total equity and liabilities | 10/49 | €514,747 | €781,515 | +€266,768 | +51.8% |
| Equity | 10/15 | €212,529 | €219,546 | +€7,017 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €206,329 | €213,346 | +€7,017 | +3.4% |
| Distributable reserves | 133 | €206,329 | €213,346 | +€7,017 | +3.4% |
| Amounts payable | 17/49 | €302,218 | €561,969 | +€259,751 | +85.9% |
| Amounts payable after more than one year | 17 | €250,044 | €496,680 | +€246,636 | +98.6% |
| Financial debts | 170/4 | €250,044 | €425,123 | +€175,078 | +70.0% |
| Other amounts payable | 178/9 | - | €71,557 | +€71,557 | |
| Amounts payable within one year | 42/48 | €52,174 | €65,289 | +€13,115 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €43,467 | €65,289 | +€21,822 | +50.2% |
| Trade debts | 44 | - | €1 | +€1 | |
| Suppliers | 440/4 | - | €1 | +€1 | |
| Taxes, remuneration and social security | 45 | €2,693 | - | -€2,693 | |
| Taxes | 450/3 | €2,693 | - | -€2,693 | |
| Other amounts payable | 47/48 | €6,014 | - | -€6,014 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,719 | €23,075 | +€5,356 | +30.2% |
| Other operating charges | 640/8 | €3,762 | €4,335 | +€573 | +15.2% |
| Gross operating margin | 9900 | €65,564 | €83,513 | +€17,949 | +27.4% |
| Operating profit (loss) | 9901 | €44,083 | €56,102 | +€12,019 | +27.3% |
| Financial charges | 65/66B | €9,539 | €46,746 | +€37,207 | +390.1% |
| Recurring financial charges | 65 | €9,539 | €46,746 | +€37,207 | +390.1% |
| Profit (loss) for the period before taxes | 9903 | €34,544 | €9,356 | -€25,188 | -72.9% |
| Income taxes | 67/77 | €8,693 | €2,339 | -€6,354 | -73.1% |
| Profit (loss) for the period | 9904 | €25,851 | €7,017 | -€18,834 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,851 | €7,017 | -€18,834 | -72.9% |
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 7 October 2026 via checked.be.