IMMO GENERATION: 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 GENERATION
Largest movements
- Tangible fixed assets -€16,680
down €16,680 (-19.5%), from €85,404 to €68,723
- Debts after one year -€21,225
down €21,225 (-27.5%), from €77,190 to €55,965
- Profit (loss) carried forward +€2,288
up €2,288 (+7.0%), from -€32,617 to -€30,328
- Trade debts +€2,140
new in 2025: €2,140
- Depreciation -€13,855
down €13,855 (-45.4%), from €30,535 to €16,680
- Gross operating margin -€3,492
down €3,492 (-13.0%), from €26,855 to €23,362
- Financial charges -€1,146
down €1,146 (-38.2%), from €3,000 to €1,854
of which Non-recurring financial charges: -€715
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 | €88,152 | €71,044 | -€17,109 | -19.4% |
| Fixed assets | 21/28 | €85,404 | €68,723 | -€16,680 | -19.5% |
| Tangible fixed assets | 22/27 | €85,404 | €68,723 | -€16,680 | -19.5% |
| Land and buildings | 22 | €85,404 | €68,723 | -€16,680 | -19.5% |
| Current assets | 29/58 | €2,749 | €2,320 | -€429 | -15.6% |
| Cash at bank and in hand | 54/58 | €749 | €191 | -€558 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,000 | €2,129 | +€129 | +6.5% |
| Total equity and liabilities | 10/49 | €88,152 | €71,044 | -€17,109 | -19.4% |
| Equity | 10/15 | -€11,157 | -€8,868 | +€2,288 | +20.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,617 | -€30,328 | +€2,288 | +7.0% |
| Amounts payable | 17/49 | €99,309 | €79,912 | -€19,397 | -19.5% |
| Amounts payable after more than one year | 17 | €77,190 | €55,965 | -€21,225 | -27.5% |
| Financial debts | 170/4 | €77,190 | €55,965 | -€21,225 | -27.5% |
| Amounts payable within one year | 42/48 | €22,119 | €23,947 | +€1,828 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €22,119 | €21,807 | -€312 | -1.4% |
| Trade debts | 44 | - | €2,140 | +€2,140 | |
| Suppliers | 440/4 | - | €2,140 | +€2,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,535 | €16,680 | -€13,855 | -45.4% |
| Other operating charges | 640/8 | €2,462 | €2,540 | +€78 | +3.2% |
| Gross operating margin | 9900 | €26,855 | €23,362 | -€3,492 | -13.0% |
| Operating profit (loss) | 9901 | -€6,142 | €4,142 | +€10,285 | |
| Financial charges | 65/66B | €3,000 | €1,854 | -€1,146 | -38.2% |
| Recurring financial charges | 65 | €2,284 | €1,854 | -€431 | -18.8% |
| Non-recurring financial charges | 66B | €715 | - | -€715 | |
| Profit (loss) for the period before taxes | 9903 | -€9,142 | €2,288 | +€11,430 | |
| Profit (loss) for the period | 9904 | -€9,142 | €2,288 | +€11,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,142 | €2,288 | +€11,430 |
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 15 October 2026 via checked.be.