IMMO FIVE: 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 FIVE
Largest movements
- Cash +€643,821
up €643,821 (+2761.4%), from €23,315 to €667,135
mainly Net result for the year (+€261,458) and Other debts (+€255,000)
- Financial fixed assets -€402,250
down €402,250 (-100.0%), from €402,250 to €0
- Tangible fixed assets +€319,949
up €319,949 (+18.7%), from €1.7m to €2.0m
of which Land and buildings: +€340,306
- Profit (loss) carried forward +€261,458
up €261,458 (+63.6%), from €410,891 to €672,348
- Other debts +€255,000
up €255,000 (+1275.0%), from €20,000 to €275,000
- Trade debts +€36,422
up €36,422 (+199.2%), from €18,284 to €54,706
- Tax, wage and social debts +€36,343
up €36,343 (+119.9%), from €30,319 to €66,662
- Financial income +€48,920
up €48,920 (+47417.3%), from €103 to €49,024
- Taxes +€12,158
up €12,158 (+16.1%), from €75,471 to €87,629
- Financial charges +€11,250
up €11,250 (+22.0%), from €51,057 to €62,307
- Gross operating margin +€11,082
up €11,082 (+2.6%), from €418,757 to €429,839
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 | €2,159,843 | €2,737,336 | +€577,493 | +26.7% |
| Fixed assets | 21/28 | €2,111,615 | €2,029,314 | -€82,301 | -3.9% |
| Tangible fixed assets | 22/27 | €1,709,365 | €2,029,314 | +€319,949 | +18.7% |
| Land and buildings | 22 | €1,658,856 | €1,999,162 | +€340,306 | +20.5% |
| Furniture and vehicles | 24 | €50,509 | €30,152 | -€20,357 | -40.3% |
| Financial fixed assets | 28 | €402,250 | €0 | -€402,250 | -100.0% |
| Current assets | 29/58 | €48,228 | €708,022 | +€659,794 | +1368.1% |
| Amounts receivable within one year | 40/41 | €3,752 | €5,800 | +€2,048 | +54.6% |
| Trade receivables | 40 | €1,116 | €0 | -€1,116 | -100.0% |
| Other amounts receivable | 41 | €2,636 | €5,800 | +€3,164 | +120.0% |
| Cash at bank and in hand | 54/58 | €23,315 | €667,135 | +€643,821 | +2761.4% |
| Deferred charges and accrued income | 490/1 | €21,162 | €35,087 | +€13,925 | +65.8% |
| Total equity and liabilities | 10/49 | €2,159,843 | €2,737,336 | +€577,493 | +26.7% |
| Equity | 10/15 | €827,342 | €1,088,800 | +€261,458 | +31.6% |
| Contributions | 10/11 | €82,820 | €82,820 | = | 0.0% |
| Capital | 10 | €82,820 | €82,820 | = | 0.0% |
| Issued capital | 100 | €82,820 | €82,820 | = | 0.0% |
| Reserves | 13 | €333,632 | €333,632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,282 | €24,282 | = | 0.0% |
| Legal reserve | 130 | €24,282 | €24,282 | = | 0.0% |
| Distributable reserves | 133 | €309,350 | €309,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,891 | €672,348 | +€261,458 | +63.6% |
| Amounts payable | 17/49 | €1,332,501 | €1,648,536 | +€316,035 | +23.7% |
| Amounts payable after more than one year | 17 | €970,515 | €976,402 | +€5,887 | +0.6% |
| Financial debts | 170/4 | €968,040 | €976,402 | +€8,362 | +0.9% |
| Other amounts payable | 178/9 | €2,475 | €0 | -€2,475 | -100.0% |
| Amounts payable within one year | 42/48 | €349,661 | €652,388 | +€302,727 | +86.6% |
| Current portion of amounts payable after more than one year | 42 | €281,058 | €256,019 | -€25,038 | -8.9% |
| Trade debts | 44 | €18,284 | €54,706 | +€36,422 | +199.2% |
| Suppliers | 440/4 | €18,284 | €54,706 | +€36,422 | +199.2% |
| Taxes, remuneration and social security | 45 | €30,319 | €66,662 | +€36,343 | +119.9% |
| Taxes | 450/3 | €30,319 | €66,662 | +€36,343 | +119.9% |
| Other amounts payable | 47/48 | €20,000 | €275,000 | +€255,000 | +1275.0% |
| Accrued charges and deferred income | 492/3 | €12,325 | €19,747 | +€7,422 | +60.2% |
| Non-recurring operating income | 76A | - | €76,971 | +€76,971 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,556 | €60,993 | +€2,437 | +4.2% |
| Other operating charges | 640/8 | €7,355 | €6,474 | -€881 | -12.0% |
| Gross operating margin | 9900 | €418,757 | €429,839 | +€11,082 | +2.6% |
| Operating profit (loss) | 9901 | €352,845 | €362,371 | +€9,526 | +2.7% |
| Financial income | 75/76B | €103 | €49,024 | +€48,920 | +47417.3% |
| Recurring financial income | 75 | €103 | €49,024 | +€48,920 | +47417.3% |
| Financial charges | 65/66B | €51,057 | €62,307 | +€11,250 | +22.0% |
| Recurring financial charges | 65 | €51,057 | €62,307 | +€11,250 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €301,891 | €349,087 | +€47,196 | +15.6% |
| Income taxes | 67/77 | €75,471 | €87,629 | +€12,158 | +16.1% |
| Profit (loss) for the period | 9904 | €226,420 | €261,458 | +€35,037 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €226,420 | €261,458 | +€35,037 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.