IMMO-EXPERTS: 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-EXPERTS
Largest movements
- Receivables within one year +€47,205
up €47,205 (+211.8%), from €22,290 to €69,496
of which Trade receivables: +€42,023
- Cash +€22,948
up €22,948 (+49.5%), from €46,374 to €69,322
mainly Trade debts (+€50,699) and Tax, wage and social debts (+€16,071)
- Intangible fixed assets -€4,284
down €4,284 (-15.6%), from €27,503 to €23,219
- Trade debts +€50,699
up €50,699 (+181.5%), from €27,927 to €78,626
- Tax, wage and social debts +€16,071
up €16,071 (+276.8%), from €5,805 to €21,876
of which Remuneration and social security: +€8,637
- Staff costs +€78,706
up €78,706 (+303.6%), from €25,925 to €104,631
- Gross operating margin +€64,578
up €64,578 (+116.8%), from €55,313 to €119,891
- Taxes -€4,797
down €4,797, from €4,575 to -€222
- Depreciation +€4,575
up €4,575 (+49.8%), from €9,185 to €13,760
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 | €96,167 | €163,642 | +€67,475 | +70.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €27,503 | €23,219 | -€4,284 | -15.6% |
| Intangible fixed assets | 21 | €27,503 | €23,219 | -€4,284 | -15.6% |
| Current assets | 29/58 | €68,664 | €140,423 | +€71,759 | +104.5% |
| Amounts receivable within one year | 40/41 | €22,290 | €69,496 | +€47,205 | +211.8% |
| Trade receivables | 40 | €14,048 | €56,071 | +€42,023 | +299.1% |
| Other amounts receivable | 41 | €8,242 | €13,425 | +€5,182 | +62.9% |
| Cash at bank and in hand | 54/58 | €46,374 | €69,322 | +€22,948 | +49.5% |
| Deferred charges and accrued income | 490/1 | - | €1,606 | +€1,606 | |
| Total equity and liabilities | 10/49 | €96,167 | €163,642 | +€67,475 | +70.2% |
| Equity | 10/15 | €62,103 | €62,808 | +€705 | +1.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €59,103 | €59,808 | +€705 | +1.2% |
| Distributable reserves | 133 | €59,103 | €59,808 | +€705 | +1.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €34,064 | €100,834 | +€66,770 | +196.0% |
| Amounts payable within one year | 42/48 | €34,064 | €100,834 | +€66,770 | +196.0% |
| Trade debts | 44 | €27,927 | €78,626 | +€50,699 | +181.5% |
| Suppliers | 440/4 | €27,927 | €78,626 | +€50,699 | +181.5% |
| Taxes, remuneration and social security | 45 | €5,805 | €21,876 | +€16,071 | +276.8% |
| Taxes | 450/3 | €2,572 | €10,006 | +€7,434 | +289.1% |
| Remuneration and social security | 454/9 | €3,234 | €11,870 | +€8,637 | +267.1% |
| Other amounts payable | 47/48 | €332 | €332 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €25,925 | €104,631 | +€78,706 | +303.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,185 | €13,760 | +€4,575 | +49.8% |
| Other operating charges | 640/8 | €505 | €608 | +€102 | +20.3% |
| Gross operating margin | 9900 | €55,313 | €119,891 | +€64,578 | +116.8% |
| Operating profit (loss) | 9901 | €19,698 | €893 | -€18,805 | -95.5% |
| Financial income | 75/76B | €146 | €26 | -€120 | -82.1% |
| Recurring financial income | 75 | €146 | €26 | -€120 | -82.1% |
| Financial charges | 65/66B | €211 | €435 | +€223 | +105.7% |
| Recurring financial charges | 65 | €211 | €435 | +€223 | +105.7% |
| Profit (loss) for the period before taxes | 9903 | €19,632 | €484 | -€19,148 | -97.5% |
| Income taxes | 67/77 | €4,575 | -€222 | -€4,797 | |
| Profit (loss) for the period | 9904 | €15,056 | €705 | -€14,351 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,056 | €705 | -€14,351 | -95.3% |
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 4 October 2026 via checked.be.