IMMO-FINANCES A.D.: 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-FINANCES A.D.
Largest movements
- Cash -€35,719
down €35,719 (-27.2%), from €131,080 to €95,361
mainly Investment in fixed assets (net) (-€31,551) and Debts after one year (-€24,259)
- Debts after one year -€24,259
down €24,259 (-7.5%), from €321,512 to €297,253
- Reserves -€22,357
down €22,357 (-2.8%), from €799,082 to €776,724
of which Tax-exempt reserves: -€22,357
- Gross operating margin -€6,793
down €6,793 (-15.4%), from €44,019 to €37,226
- Depreciation +€3,814
up €3,814 (+9.7%), from €39,425 to €43,239
- Taxes +€1,241
new in 2025: €1,241
- Financial charges -€1,035
down €1,035 (-10.9%), from €9,470 to €8,435
- Other operating charges -€677
down €677 (-7.6%), from €8,953 to €8,276
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 | €1,470,756 | €1,426,004 | -€44,752 | -3.0% |
| Fixed assets | 21/28 | €1,299,531 | €1,287,843 | -€11,688 | -0.9% |
| Tangible fixed assets | 22/27 | €1,299,531 | €1,287,843 | -€11,688 | -0.9% |
| Land and buildings | 22 | €1,299,105 | €1,287,701 | -€11,404 | -0.9% |
| Furniture and vehicles | 24 | €427 | €142 | -€284 | -66.6% |
| Current assets | 29/58 | €171,225 | €138,161 | -€33,063 | -19.3% |
| Amounts receivable within one year | 40/41 | €40,145 | €42,800 | +€2,655 | +6.6% |
| Trade receivables | 40 | €273 | €4,496 | +€4,223 | +1,545% |
| Other amounts receivable | 41 | €39,872 | €38,304 | -€1,567 | -3.9% |
| Cash at bank and in hand | 54/58 | €131,080 | €95,361 | -€35,719 | -27.2% |
| Total equity and liabilities | 10/49 | €1,470,756 | €1,426,004 | -€44,752 | -3.0% |
| Equity | 10/15 | €825,894 | €812,575 | -€13,319 | -1.6% |
| Contributions | 10/11 | €36,812 | €36,812 | = | 0.0% |
| Reserves | 13 | €799,082 | €776,724 | -€22,357 | -2.8% |
| Tax-exempt reserves | 132 | €695,082 | €672,724 | -€22,357 | -3.2% |
| Distributable reserves | 133 | €104,000 | €104,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,000 | -€962 | +€9,039 | +90.4% |
| Provisions and deferred taxes | 16 | €291,805 | €282,414 | -€9,391 | -3.2% |
| Deferred taxes | 168 | €291,805 | €282,414 | -€9,391 | -3.2% |
| Amounts payable | 17/49 | €353,057 | €331,016 | -€22,042 | -6.2% |
| Amounts payable after more than one year | 17 | €321,512 | €297,253 | -€24,259 | -7.5% |
| Financial debts | 170/4 | €321,512 | €297,253 | -€24,259 | -7.5% |
| Amounts payable within one year | 42/48 | €29,691 | €31,159 | +€1,468 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €25,325 | €27,619 | +€2,294 | +9.1% |
| Trade debts | 44 | €3,566 | €708 | -€2,858 | -80.1% |
| Suppliers | 440/4 | €3,566 | €708 | -€2,858 | -80.1% |
| Advances received on contracts in progress | 46 | €800 | €1,590 | +€790 | +98.7% |
| Taxes, remuneration and social security | 45 | - | €1,241 | +€1,241 | |
| Taxes | 450/3 | - | €1,241 | +€1,241 | |
| Accrued charges and deferred income | 492/3 | €1,854 | €2,604 | +€750 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,425 | €43,239 | +€3,814 | +9.7% |
| Other operating charges | 640/8 | €8,953 | €8,276 | -€677 | -7.6% |
| Gross operating margin | 9900 | €44,019 | €37,226 | -€6,793 | -15.4% |
| Operating profit (loss) | 9901 | -€4,359 | -€14,289 | -€9,930 | -228% |
| Financial income | 75/76B | €662 | €1,256 | +€594 | +89.7% |
| Recurring financial income | 75 | €662 | €1,256 | +€594 | +89.7% |
| Financial charges | 65/66B | €9,470 | €8,435 | -€1,035 | -10.9% |
| Recurring financial charges | 65 | €9,470 | €8,435 | -€1,035 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,167 | -€21,469 | -€8,301 | -63.0% |
| Transfer from deferred taxes | 780 | €9,391 | €9,391 | = | 0.0% |
| Income taxes | 67/77 | - | €1,241 | +€1,241 | |
| Profit (loss) for the period | 9904 | -€3,776 | -€13,319 | -€9,543 | -253% |
| Transfer from tax-exempt reserves | 789 | €22,357 | €22,357 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,581 | €9,039 | -€9,543 | -51.4% |
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 27 October 2026 via checked.be.