Immo Fusion Plus: 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 Fusion Plus
Largest movements
- Tangible fixed assets -€85,313
no longer reported in 2025 (was €85,313)
- Debts after one year -€151,706
down €151,706 (-48.4%), from €313,409 to €161,703
- Profit (loss) carried forward +€71,652
up €71,652 (+26.0%), from -€275,175 to -€203,523
- Debts within one year -€7,474
down €7,474 (-25.9%), from €28,873 to €21,399
- Reserves +€1,860
new in 2025: €1,860
- Depreciation -€16,211
down €16,211 (-82.2%), from €19,724 to €3,513
- Financial charges +€9,431
new in 2025: €9,431
- Turnover -€8,969
down €8,969 (-48.7%), from €18,400 to €9,431
- Gross operating margin -€8,969
down €8,969 (-48.7%), from €18,400 to €9,431
- Other operating charges +€1,305
new in 2025: €1,305
From the 2020 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,707 | €39 | -€85,668 | -100.0% |
| Fixed assets | 21/28 | €85,313 | - | -€85,313 | |
| Tangible fixed assets | 22/27 | €85,313 | - | -€85,313 | |
| Current assets | 29/58 | €394 | €39 | -€355 | -90.1% |
| Cash at bank and in hand | 54/58 | €394 | €39 | -€355 | -90.1% |
| Total equity and liabilities | 10/49 | €85,707 | €39 | -€85,668 | -100.0% |
| Equity | 10/15 | -€256,575 | -€183,063 | +€73,512 | +28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | - | €18,600 | +€18,600 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Reserves | 13 | - | €1,860 | +€1,860 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€275,175 | -€203,523 | +€71,652 | +26.0% |
| Amounts payable | 17/49 | €342,282 | €183,102 | -€159,180 | -46.5% |
| Amounts payable after more than one year | 17 | €313,409 | €161,703 | -€151,706 | -48.4% |
| Financial debts | 170/4 | - | €161,703 | +€161,703 | |
| Amounts payable within one year | 42/48 | €28,873 | €21,399 | -€7,474 | -25.9% |
| Trade debts | 44 | - | €4,846 | +€4,846 | |
| Suppliers | 440/4 | - | €4,846 | +€4,846 | |
| Other amounts payable | 47/48 | - | €16,553 | +€16,553 | |
| Turnover | 70 | €18,400 | €9,431 | -€8,969 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,724 | €3,513 | -€16,211 | -82.2% |
| Other operating charges | 640/8 | - | €1,305 | +€1,305 | |
| Gross operating margin | 9900 | €18,400 | €9,431 | -€8,969 | -48.7% |
| Operating profit (loss) | 9901 | -€3,565 | €4,613 | +€8,178 | |
| Financial charges | 65/66B | - | €9,431 | +€9,431 | |
| Recurring financial charges | 65 | €18,278 | €9,431 | -€8,847 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,843 | -€4,818 | +€17,025 | +77.9% |
| Profit (loss) for the period | 9904 | -€21,843 | -€4,818 | +€17,025 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,843 | -€4,818 | +€17,025 | +77.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 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.