IMMO FORUM: 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 FORUM
Largest movements
- Cash +€432,272
up €432,272 (+1479.1%), from €29,226 to €461,498
mainly Advances received (+€505,540) and Net result for the year (+€300,447)
- Stocks and contracts +€181,612
up €181,612 (+66.6%), from €272,495 to €454,107
- Receivables within one year +€89,301
up €89,301 (+2016.7%), from €4,428 to €93,729
of which Trade receivables: +€89,299
- Advances received +€505,540
up €505,540 (+18898.7%), from €2,675 to €508,215
- Reserves +€258,439
up €258,439 (+13902.0%), from €1,859 to €260,298
of which Tax-exempt reserves: +€258,439
- Other debts -€211,655
down €211,655 (-93.5%), from €226,478 to €14,823
- Tax, wage and social debts +€202,267
up €202,267 (+3023.9%), from €6,689 to €208,956
- Debts after one year -€77,782
no longer reported in 2025 (was €77,782)
- Gross operating margin +€395,002
up €395,002 (+1167.0%), from €33,847 to €428,849
- Taxes +€125,090
up €125,090 (+89992.8%), from €139 to €125,229
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 | €310,959 | €1,013,228 | +€702,269 | +225.8% |
| Fixed assets | 21/28 | €1,138 | €3,894 | +€2,756 | +242.2% |
| Tangible fixed assets | 22/27 | €1,039 | €3,795 | +€2,756 | +265.3% |
| Furniture and vehicles | 24 | €1,039 | €3,795 | +€2,756 | +265.3% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €309,821 | €1,009,334 | +€699,513 | +225.8% |
| Stocks and contracts in progress | 3 | €272,495 | €454,107 | +€181,612 | +66.6% |
| Stocks | 30/36 | €272,495 | €454,107 | +€181,612 | +66.6% |
| Amounts receivable within one year | 40/41 | €4,428 | €93,729 | +€89,301 | +2016.7% |
| Trade receivables | 40 | €4,428 | €93,727 | +€89,299 | +2016.7% |
| Other amounts receivable | 41 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €29,226 | €461,498 | +€432,272 | +1479.1% |
| Deferred charges and accrued income | 490/1 | €3,672 | - | -€3,672 | |
| Total equity and liabilities | 10/49 | €310,959 | €1,013,228 | +€702,269 | +225.8% |
| Equity | 10/15 | -€21,557 | €278,890 | +€300,447 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €260,298 | +€258,439 | +13902.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €258,439 | +€258,439 | |
| Profit (loss) carried forward | 14 | -€42,008 | - | +€42,008 | |
| Amounts payable | 17/49 | €332,516 | €734,338 | +€401,822 | +120.8% |
| Amounts payable after more than one year | 17 | €77,782 | - | -€77,782 | |
| Financial debts | 170/4 | €77,782 | - | -€77,782 | |
| Amounts payable within one year | 42/48 | €254,734 | €734,338 | +€479,604 | +188.3% |
| Trade debts | 44 | €18,892 | €2,344 | -€16,548 | -87.6% |
| Suppliers | 440/4 | €18,892 | €2,344 | -€16,548 | -87.6% |
| Advances received on contracts in progress | 46 | €2,675 | €508,215 | +€505,540 | +18898.7% |
| Taxes, remuneration and social security | 45 | €6,689 | €208,956 | +€202,267 | +3023.9% |
| Taxes | 450/3 | €6,689 | €208,956 | +€202,267 | +3023.9% |
| Other amounts payable | 47/48 | €226,478 | €14,823 | -€211,655 | -93.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €283 | €512 | +€229 | +80.9% |
| Other operating charges | 640/8 | €561 | - | -€561 | |
| Non-recurring operating charges | 66A | €600 | €380 | -€220 | -36.7% |
| Gross operating margin | 9900 | €33,847 | €428,849 | +€395,002 | +1167.0% |
| Operating profit (loss) | 9901 | €32,403 | €427,957 | +€395,554 | +1220.7% |
| Financial income | 75/76B | €218 | €119 | -€99 | -45.4% |
| Recurring financial income | 75 | €218 | €119 | -€99 | -45.4% |
| Financial charges | 65/66B | €1,074 | €2,400 | +€1,326 | +123.5% |
| Recurring financial charges | 65 | €1,074 | €2,400 | +€1,326 | +123.5% |
| Profit (loss) for the period before taxes | 9903 | €31,547 | €425,676 | +€394,129 | +1249.3% |
| Income taxes | 67/77 | €139 | €125,229 | +€125,090 | +89992.8% |
| Profit (loss) for the period | 9904 | €31,408 | €300,447 | +€269,039 | +856.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,408 | €300,447 | +€269,039 | +856.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.