IMMO EXCLUSIVE: 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 EXCLUSIVE
Largest movements
- Cash -€423,314
down €423,314 (-93.3%), from €453,828 to €30,514
mainly Debts after one year (-€251,878) and Contributions, distributions and other (-€130,700)
- Receivables within one year +€110,165
up €110,165 (+108.3%), from €101,762 to €211,927
of which Other amounts receivable: +€56,301
- Tangible fixed assets -€75,481
down €75,481 (-6.9%), from €1.1m to €1.0m
of which Land and buildings: -€66,300
- Current investments +€68,591
up €68,591 (+3.1%), from €2.2m to €2.3m
- Debts after one year -€251,878
down €251,878 (-34.2%), from €735,902 to €484,025
- Profit (loss) carried forward +€117,492
no longer reported in 2025 (was -€117,492)
- Reserves -€103,438
down €103,438 (-4.9%), from €2.1m to €2.0m
of which Distributable reserves: -€78,749
- Other debts -€53,847
down €53,847 (-11.7%), from €462,151 to €408,304
- Trade debts -€50,249
down €50,249 (-95.8%), from €52,472 to €2,223
- Financial income +€50,240
up €50,240 (+192.1%), from €26,157 to €76,397
of which Financial income: +€28,538
- Financial charges +€34,520
up €34,520 (+172.3%), from €20,034 to €54,553
- Gross operating margin -€28,952
down €28,952 (-10.2%), from €284,350 to €255,398
- Taxes -€21,478
down €21,478 (-30.5%), from €70,389 to €48,910
- Other operating charges +€2,986
up €2,986 (+30.4%), from €9,817 to €12,803
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 | €3,875,717 | €3,534,722 | -€340,996 | -8.8% |
| Fixed assets | 21/28 | €1,095,727 | €1,020,246 | -€75,481 | -6.9% |
| Tangible fixed assets | 22/27 | €1,095,727 | €1,020,246 | -€75,481 | -6.9% |
| Land and buildings | 22 | €1,065,478 | €999,178 | -€66,300 | -6.2% |
| Plant, machinery and equipment | 23 | €27,668 | €21,068 | -€6,600 | -23.9% |
| Furniture and vehicles | 24 | €2,581 | - | -€2,581 | |
| Current assets | 29/58 | €2,779,990 | €2,514,475 | -€265,515 | -9.6% |
| Amounts receivable within one year | 40/41 | €101,762 | €211,927 | +€110,165 | +108.3% |
| Trade receivables | 40 | €78,800 | €132,663 | +€53,863 | +68.4% |
| Other amounts receivable | 41 | €22,962 | €79,264 | +€56,301 | +245.2% |
| Current investments | 50/53 | €2,200,000 | €2,268,591 | +€68,591 | +3.1% |
| Cash at bank and in hand | 54/58 | €453,828 | €30,514 | -€423,314 | -93.3% |
| Deferred charges and accrued income | 490/1 | €24,400 | €3,444 | -€20,956 | -85.9% |
| Total equity and liabilities | 10/49 | €3,875,717 | €3,534,722 | -€340,996 | -8.8% |
| Equity | 10/15 | €2,065,158 | €2,079,212 | +€14,054 | +0.7% |
| 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 | €2,120,650 | €2,017,212 | -€103,438 | -4.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,595,759 | €1,571,070 | -€24,690 | -1.5% |
| Distributable reserves | 133 | €518,691 | €439,942 | -€78,749 | -15.2% |
| Profit (loss) carried forward | 14 | -€117,492 | - | +€117,492 | |
| Provisions and deferred taxes | 16 | €398,940 | €392,767 | -€6,172 | -1.5% |
| Deferred taxes | 168 | €398,940 | €392,767 | -€6,172 | -1.5% |
| Amounts payable | 17/49 | €1,411,620 | €1,062,742 | -€348,877 | -24.7% |
| Amounts payable after more than one year | 17 | €735,902 | €484,025 | -€251,878 | -34.2% |
| Financial debts | 170/4 | €735,902 | €484,025 | -€251,878 | -34.2% |
| Amounts payable within one year | 42/48 | €668,095 | €547,569 | -€120,526 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €128,825 | €114,458 | -€14,367 | -11.2% |
| Trade debts | 44 | €52,472 | €2,223 | -€50,249 | -95.8% |
| Suppliers | 440/4 | €52,472 | €2,223 | -€50,249 | -95.8% |
| Taxes, remuneration and social security | 45 | €24,647 | €22,584 | -€2,063 | -8.4% |
| Taxes | 450/3 | €22,088 | €20,059 | -€2,029 | -9.2% |
| Remuneration and social security | 454/9 | €2,559 | €2,525 | -€34 | -1.3% |
| Other amounts payable | 47/48 | €462,151 | €408,304 | -€53,847 | -11.7% |
| Accrued charges and deferred income | 492/3 | €7,622 | €31,149 | +€23,527 | +308.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,937 | €76,947 | +€9 | 0.0% |
| Other operating charges | 640/8 | €9,817 | €12,803 | +€2,986 | +30.4% |
| Gross operating margin | 9900 | €284,350 | €255,398 | -€28,952 | -10.2% |
| Operating profit (loss) | 9901 | €197,595 | €165,648 | -€31,947 | -16.2% |
| Financial income | 75/76B | €26,157 | €76,397 | +€50,240 | +192.1% |
| Recurring financial income | 75 | €25,020 | €53,558 | +€28,538 | +114.1% |
| Non-recurring financial income | 76B | €1,137 | €22,839 | +€21,702 | +1908.2% |
| Financial charges | 65/66B | €20,034 | €54,553 | +€34,520 | +172.3% |
| Recurring financial charges | 65 | €20,034 | €54,553 | +€34,520 | +172.3% |
| Profit (loss) for the period before taxes | 9903 | €203,719 | €187,492 | -€16,227 | -8.0% |
| Transfer from deferred taxes | 780 | €6,009 | €6,172 | +€163 | +2.7% |
| Income taxes | 67/77 | €70,389 | €48,910 | -€21,478 | -30.5% |
| Profit (loss) for the period | 9904 | €139,339 | €144,754 | +€5,415 | +3.9% |
| Transfer from tax-exempt reserves | 789 | €24,036 | €24,690 | +€654 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,375 | €169,444 | +€6,068 | +3.7% |
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 2 October 2026 via checked.be.