IMMO - ENGELEN: 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 - ENGELEN
Largest movements
- Tangible fixed assets -€10,955
down €10,955 (-6.9%), from €157,715 to €146,760
- Cash +€7,178
up €7,178 (+56.2%), from €12,765 to €19,943
mainly Depreciation (+€12,382) and Other debts (+€8,328)
- Other debts +€8,328
up €8,328 (+9.4%), from €88,135 to €96,463
- Reserves -€5,521
down €5,521 (-11.0%), from €50,371 to €44,850
of which Tax-exempt reserves: -€5,521
- Accrued charges and deferred income -€3,729
down €3,729 (-75.7%), from €4,929 to €1,200
- Tax, wage and social debts -€2,112
no longer reported in 2025 (was €2,112)
- Financial charges -€7,041
down €7,041 (-98.4%), from €7,155 to €114
- Gross operating margin -€3,081
down €3,081 (-24.4%), from €12,603 to €9,522
- Depreciation +€1,285
up €1,285 (+11.6%), from €11,097 to €12,382
- Other operating charges +€144
up €144 (+4.6%), from €3,121 to €3,265
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 | €185,478 | €181,727 | -€3,751 | -2.0% |
| Fixed assets | 21/28 | €158,015 | €147,060 | -€10,955 | -6.9% |
| Tangible fixed assets | 22/27 | €157,715 | €146,760 | -€10,955 | -6.9% |
| Land and buildings | 22 | €157,715 | €146,760 | -€10,955 | -6.9% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €27,463 | €34,667 | +€7,204 | +26.2% |
| Amounts receivable within one year | 40/41 | - | €724 | +€724 | |
| Trade receivables | 40 | - | €724 | +€724 | |
| Current investments | 50/53 | €14,000 | €14,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,765 | €19,943 | +€7,178 | +56.2% |
| Deferred charges and accrued income | 490/1 | €699 | - | -€699 | |
| Total equity and liabilities | 10/49 | €185,478 | €181,727 | -€3,751 | -2.0% |
| Equity | 10/15 | €75,579 | €71,181 | -€4,398 | -5.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €50,371 | €44,850 | -€5,521 | -11.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €44,171 | €38,650 | -€5,521 | -12.5% |
| Profit (loss) carried forward | 14 | -€36,792 | -€35,670 | +€1,122 | +3.1% |
| Provisions and deferred taxes | 16 | €14,724 | €12,883 | -€1,840 | -12.5% |
| Deferred taxes | 168 | €14,724 | €12,883 | -€1,840 | -12.5% |
| Amounts payable | 17/49 | €95,175 | €97,663 | +€2,487 | +2.6% |
| Amounts payable within one year | 42/48 | €90,247 | €96,463 | +€6,216 | +6.9% |
| Taxes, remuneration and social security | 45 | €2,112 | - | -€2,112 | |
| Taxes | 450/3 | €2,112 | - | -€2,112 | |
| Other amounts payable | 47/48 | €88,135 | €96,463 | +€8,328 | +9.4% |
| Accrued charges and deferred income | 492/3 | €4,929 | €1,200 | -€3,729 | -75.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,097 | €12,382 | +€1,285 | +11.6% |
| Other operating charges | 640/8 | €3,121 | €3,265 | +€144 | +4.6% |
| Gross operating margin | 9900 | €12,603 | €9,522 | -€3,081 | -24.4% |
| Operating profit (loss) | 9901 | -€1,615 | -€6,124 | -€4,510 | -279% |
| Financial charges | 65/66B | €7,155 | €114 | -€7,041 | -98.4% |
| Recurring financial charges | 65 | €7,155 | €114 | -€7,041 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,770 | -€6,238 | +€2,532 | +28.9% |
| Transfer from deferred taxes | 780 | €1,840 | €1,840 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€6,930 | -€4,398 | +€2,532 | +36.5% |
| Transfer from tax-exempt reserves | 789 | €5,521 | €5,521 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,409 | €1,122 | +€2,532 |
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 18 October 2026 via checked.be.