IMMO - EUROP: 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 - EUROP
Largest movements
- Tangible fixed assets -€25,622
down €25,622 (-8.2%), from €311,093 to €285,471
of which Land and buildings: -€25,622
- Receivables within one year -€7,470
down €7,470 (-42.3%), from €17,674 to €10,204
- Profit (loss) carried forward -€31,012
down €31,012 (-25.2%), from -€123,171 to -€154,184
- Gross operating margin +€3,156
up €3,156 (+29.3%), from €10,762 to €13,918
- Other operating charges +€866
up €866 (+7.6%), from €11,336 to €12,203
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 | €328,767 | €295,746 | -€33,020 | -10.0% |
| Fixed assets | 21/28 | €311,093 | €285,471 | -€25,622 | -8.2% |
| Tangible fixed assets | 22/27 | €311,093 | €285,471 | -€25,622 | -8.2% |
| Land and buildings | 22 | €309,201 | €283,580 | -€25,622 | -8.3% |
| Furniture and vehicles | 24 | €1,892 | €1,892 | = | 0.0% |
| Current assets | 29/58 | €17,674 | €10,275 | -€7,399 | -41.9% |
| Amounts receivable within one year | 40/41 | €17,674 | €10,204 | -€7,470 | -42.3% |
| Other amounts receivable | 41 | €17,674 | €10,204 | -€7,470 | -42.3% |
| Cash at bank and in hand | 54/58 | - | €71 | +€71 | |
| Total equity and liabilities | 10/49 | €328,767 | €295,746 | -€33,020 | -10.0% |
| Equity | 10/15 | €113,627 | €82,615 | -€31,012 | -27.3% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €63,273 | €63,273 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,692 | €24,692 | = | 0.0% |
| Legal reserve | 130 | €24,692 | €24,692 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,171 | -€154,184 | -€31,012 | -25.2% |
| Amounts payable | 17/49 | €215,139 | €213,132 | -€2,008 | -0.9% |
| Amounts payable within one year | 42/48 | €215,139 | €213,132 | -€2,008 | -0.9% |
| Financial debts | 43 | - | €129 | +€129 | |
| Credit institutions | 430/8 | - | €129 | +€129 | |
| Trade debts | 44 | €230 | €0 | -€230 | -100% |
| Suppliers | 440/4 | €230 | €0 | -€230 | -100% |
| Other amounts payable | 47/48 | €214,909 | €213,002 | -€1,907 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,122 | €32,122 | = | 0.0% |
| Other operating charges | 640/8 | €11,336 | €12,203 | +€866 | +7.6% |
| Gross operating margin | 9900 | €10,762 | €13,918 | +€3,156 | +29.3% |
| Operating profit (loss) | 9901 | -€32,695 | -€30,406 | +€2,289 | +7.0% |
| Financial charges | 65/66B | €624 | €606 | -€18 | -2.8% |
| Recurring financial charges | 65 | €624 | €606 | -€18 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,319 | -€31,012 | +€2,307 | +6.9% |
| Profit (loss) for the period | 9904 | -€33,319 | -€31,012 | +€2,307 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,319 | -€31,012 | +€2,307 | +6.9% |
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 31 October 2026 via checked.be.