IMMO FOCUS: 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 FOCUS
Largest movements
- Receivables within one year -€2,811
down €2,811 (-10.0%), from €28,095 to €25,284
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,472
up €4,472 (+69.2%), from -€6,461 to -€1,989
- Other operating charges -€125
no longer reported in 2025 (was €125)
- Financial charges -€82
down €82 (-83.2%), from €98 to €17
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 | €232,268 | €229,444 | -€2,824 | -1.2% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,000 | €10,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €222,268 | €219,444 | -€2,824 | -1.3% |
| Stocks and contracts in progress | 3 | €194,103 | €194,103 | = | 0.0% |
| Stocks | 30/36 | €194,103 | €194,103 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,095 | €25,284 | -€2,811 | -10.0% |
| Other amounts receivable | 41 | €28,095 | €25,284 | -€2,811 | -10.0% |
| Cash at bank and in hand | 54/58 | €71 | €58 | -€13 | -18.4% |
| Total equity and liabilities | 10/49 | €232,268 | €229,444 | -€2,824 | -1.2% |
| Equity | 10/15 | -€3,684 | -€5,690 | -€2,006 | -54.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,684 | -€8,690 | -€2,006 | -30.0% |
| Amounts payable | 17/49 | €235,953 | €235,134 | -€819 | -0.3% |
| Amounts payable within one year | 42/48 | €235,953 | €235,134 | -€819 | -0.3% |
| Trade debts | 44 | €953 | €1,134 | +€182 | +19.1% |
| Suppliers | 440/4 | €953 | €1,134 | +€182 | +19.1% |
| Other amounts payable | 47/48 | €235,000 | €234,000 | -€1,000 | -0.4% |
| Other operating charges | 640/8 | €125 | - | -€125 | |
| Gross operating margin | 9900 | -€6,461 | -€1,989 | +€4,472 | +69.2% |
| Operating profit (loss) | 9901 | -€6,586 | -€1,989 | +€4,597 | +69.8% |
| Financial charges | 65/66B | €98 | €17 | -€82 | -83.2% |
| Recurring financial charges | 65 | €98 | €17 | -€82 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,684 | -€2,006 | +€4,679 | +70.0% |
| Profit (loss) for the period | 9904 | -€6,684 | -€2,006 | +€4,679 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,684 | -€2,006 | +€4,679 | +70.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.