IMMO FACADE: 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 FACADE
Largest movements
- Receivables within one year +€106,639
up €106,639 (+51.6%), from €206,765 to €313,405
of which Trade receivables: +€110,213
- Cash -€14,649
down €14,649 (-13.9%), from €105,093 to €90,444
mainly Receivables within one year (-€106,639) and Current portion of long-term debt (-€24,476)
- Tangible fixed assets -€10,704
down €10,704 (-34.5%), from €31,045 to €20,341
of which Furniture and vehicles: -€10,335
- Trade debts +€51,389
up €51,389 (+58.3%), from €88,197 to €139,585
- Profit (loss) carried forward +€41,016
up €41,016 (+23.5%), from €174,356 to €215,372
- Tax, wage and social debts +€29,009
up €29,009 (+103%), from €28,241 to €57,250
of which Taxes: +€29,870
- Current portion of long-term debt -€24,476
down €24,476 (-61.6%), from €39,738 to €15,262
- Debts after one year -€15,262
no longer reported in 2025 (was €15,262)
- Other operating charges -€126,689
down €126,689 (-72.6%), from €174,455 to €47,766
- Taxes +€74,121
up €74,121, from -€45,561 to €28,559
- Gross operating margin +€57,685
up €57,685 (+17.4%), from €332,376 to €390,061
- Staff costs -€14,027
down €14,027 (-5.2%), from €267,753 to €253,725
- Write-downs -€9,570
no longer reported in 2025 (was €9,570)
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 | €366,246 | €447,922 | +€81,676 | +22.3% |
| Fixed assets | 21/28 | €37,415 | €26,711 | -€10,704 | -28.6% |
| Tangible fixed assets | 22/27 | €31,045 | €20,341 | -€10,704 | -34.5% |
| Plant, machinery and equipment | 23 | €1,108 | €738 | -€369 | -33.3% |
| Furniture and vehicles | 24 | €29,937 | €19,603 | -€10,335 | -34.5% |
| Financial fixed assets | 28 | €6,370 | €6,370 | = | 0.0% |
| Current assets | 29/58 | €328,831 | €421,211 | +€92,380 | +28.1% |
| Amounts receivable within one year | 40/41 | €206,765 | €313,405 | +€106,639 | +51.6% |
| Trade receivables | 40 | €161,272 | €271,485 | +€110,213 | +68.3% |
| Other amounts receivable | 41 | €45,494 | €41,920 | -€3,574 | -7.9% |
| Cash at bank and in hand | 54/58 | €105,093 | €90,444 | -€14,649 | -13.9% |
| Deferred charges and accrued income | 490/1 | €16,973 | €17,362 | +€389 | +2.3% |
| Total equity and liabilities | 10/49 | €366,246 | €447,922 | +€81,676 | +22.3% |
| Equity | 10/15 | €194,808 | €235,824 | +€41,016 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,356 | €215,372 | +€41,016 | +23.5% |
| Amounts payable | 17/49 | €171,438 | €212,097 | +€40,660 | +23.7% |
| Amounts payable after more than one year | 17 | €15,262 | - | -€15,262 | |
| Financial debts | 170/4 | €15,262 | - | -€15,262 | |
| Amounts payable within one year | 42/48 | €156,176 | €212,097 | +€55,922 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €39,738 | €15,262 | -€24,476 | -61.6% |
| Trade debts | 44 | €88,197 | €139,585 | +€51,389 | +58.3% |
| Suppliers | 440/4 | €88,197 | €139,585 | +€51,389 | +58.3% |
| Taxes, remuneration and social security | 45 | €28,241 | €57,250 | +€29,009 | +103% |
| Taxes | 450/3 | €18,072 | €47,942 | +€29,870 | +165% |
| Remuneration and social security | 454/9 | €10,169 | €9,308 | -€861 | -8.5% |
| Remuneration, social security and pensions | 62 | €267,753 | €253,725 | -€14,027 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,328 | €12,206 | +€877 | +7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,570 | - | -€9,570 | |
| Other operating charges | 640/8 | €174,455 | €47,766 | -€126,689 | -72.6% |
| Gross operating margin | 9900 | €332,376 | €390,061 | +€57,685 | +17.4% |
| Operating profit (loss) | 9901 | -€130,730 | €76,364 | +€207,094 | |
| Financial income | 75/76B | €669 | €1,454 | +€785 | +117% |
| Recurring financial income | 75 | €669 | €1,454 | +€785 | +117% |
| Financial charges | 65/66B | €3,166 | €8,242 | +€5,076 | +160% |
| Recurring financial charges | 65 | €3,166 | €8,242 | +€5,076 | +160% |
| Profit (loss) for the period before taxes | 9903 | -€133,227 | €69,576 | +€202,803 | |
| Income taxes | 67/77 | -€45,561 | €28,559 | +€74,121 | |
| Profit (loss) for the period | 9904 | -€87,666 | €41,016 | +€128,682 | |
| Transfer from tax-exempt reserves | 789 | €27,950 | - | -€27,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€59,716 | €41,016 | +€100,732 |
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 20 October 2026 via checked.be.