IMMO ETUIN: what changed
IMMO ETUIN
Largest movements
- Cash +€56,064
up €56,064 (+16,277%), from €344 to €56,409
mainly Net result for the year (+€31,165) and Tax, wage and social debts (+€13,554)
- Tangible fixed assets -€15,149
down €15,149 (-12.9%), from €117,341 to €102,192
of which Land and buildings: -€14,970
- Tax, wage and social debts +€13,554
new in 2025: €13,554
- Profit (loss) carried forward +€11,130
up €11,130 (+116%), from €9,559 to €20,689
- Other debts +€10,500
new in 2025: €10,500
- Reserves +€5,035
up €5,035 (+28.5%), from €17,645 to €22,680
of which Non-distributable reserves: +€5,035
- Gross operating margin +€46,163
up €46,163 (+997%), from €4,629 to €50,792
- Taxes +€9,059
new in 2025: €9,059
- Financial income +€571
new in 2025: €571
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,704 | €188,923 | +€40,219 | +27.0% |
| Fixed assets | 21/28 | €117,341 | €102,192 | -€15,149 | -12.9% |
| Tangible fixed assets | 22/27 | €117,341 | €102,192 | -€15,149 | -12.9% |
| Land and buildings | 22 | €116,983 | €102,013 | -€14,970 | -12.8% |
| Other tangible fixed assets | 26 | €358 | €179 | -€179 | -50.0% |
| Current assets | 29/58 | €31,363 | €86,731 | +€55,368 | +177% |
| Amounts receivable within one year | 40/41 | €11,019 | €10,323 | -€696 | -6.3% |
| Other amounts receivable | 41 | €11,019 | €10,323 | -€696 | -6.3% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €344 | €56,409 | +€56,064 | +16,277% |
| Total equity and liabilities | 10/49 | €148,704 | €188,923 | +€40,219 | +27.0% |
| Equity | 10/15 | €148,704 | €164,869 | +€16,165 | +10.9% |
| Contributions | 10/11 | €121,500 | €121,500 | = | 0.0% |
| Capital | 10 | €121,500 | €121,500 | = | 0.0% |
| Issued capital | 100 | €121,500 | €121,500 | = | 0.0% |
| Reserves | 13 | €17,645 | €22,680 | +€5,035 | +28.5% |
| Non-distributable reserves | 130/1 | €7,115 | €12,150 | +€5,035 | +70.8% |
| Legal reserve | 130 | €7,115 | €12,150 | +€5,035 | +70.8% |
| Distributable reserves | 133 | €10,530 | €10,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,559 | €20,689 | +€11,130 | +116% |
| Amounts payable | 17/49 | - | €24,054 | +€24,054 | |
| Amounts payable within one year | 42/48 | - | €24,054 | +€24,054 | |
| Taxes, remuneration and social security | 45 | - | €13,554 | +€13,554 | |
| Taxes | 450/3 | - | €13,554 | +€13,554 | |
| Other amounts payable | 47/48 | - | €10,500 | +€10,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,754 | €2,754 | = | 0.0% |
| Other operating charges | 640/8 | €8,089 | €8,328 | +€239 | +3.0% |
| Gross operating margin | 9900 | €4,629 | €50,792 | +€46,163 | +997% |
| Operating profit (loss) | 9901 | -€6,214 | €39,710 | +€45,924 | |
| Financial income | 75/76B | - | €571 | +€571 | |
| Recurring financial income | 75 | - | €571 | +€571 | |
| Financial charges | 65/66B | €63 | €57 | -€6 | -9.4% |
| Recurring financial charges | 65 | €63 | €57 | -€6 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€6,277 | €40,224 | +€46,501 | |
| Income taxes | 67/77 | - | €9,059 | +€9,059 | |
| Profit (loss) for the period | 9904 | -€6,277 | €31,165 | +€37,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,277 | €31,165 | +€37,442 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.