IMMO IBC: 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 IBC
Largest movements
- Tangible fixed assets +€67,034
up €67,034 (+7.0%), from €962,527 to €1.0m
of which Assets under construction and advance payments: +€106,000
- Cash +€43,413
up €43,413 (+531.7%), from €8,165 to €51,578
mainly Trade debts (+€43,600) and Depreciation (+€38,966)
- Trade debts +€43,600
up €43,600 (+444.9%), from €9,800 to €53,400
of which Suppliers: +€53,400
- Debts after one year +€33,526
up €33,526 (+10.2%), from €329,935 to €363,462
- Gross operating margin +€22,873
up €22,873 (+36.6%), from €62,507 to €85,380
- Taxes -€19,775
down €19,775 (-48.2%), from €41,000 to €21,225
- Other operating charges -€2,809
down €2,809 (-96.3%), from €2,918 to €109
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 | €1,089,674 | €1,191,721 | +€102,047 | +9.4% |
| Fixed assets | 21/28 | €962,527 | €1,029,560 | +€67,034 | +7.0% |
| Tangible fixed assets | 22/27 | €962,527 | €1,029,560 | +€67,034 | +7.0% |
| Land and buildings | 22 | €847,288 | €832,779 | -€14,509 | -1.7% |
| Other tangible fixed assets | 26 | €115,239 | €90,781 | -€24,458 | -21.2% |
| Assets under construction and advance payments | 27 | - | €106,000 | +€106,000 | |
| Current assets | 29/58 | €127,147 | €162,160 | +€35,013 | +27.5% |
| Amounts receivable within one year | 40/41 | €118,982 | €110,582 | -€8,400 | -7.1% |
| Other amounts receivable | 41 | €118,982 | €110,582 | -€8,400 | -7.1% |
| Cash at bank and in hand | 54/58 | €8,165 | €51,578 | +€43,413 | +531.7% |
| Total equity and liabilities | 10/49 | €1,089,674 | €1,191,721 | +€102,047 | +9.4% |
| Equity | 10/15 | €684,920 | €696,003 | +€11,083 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €563,000 | €563,000 | = | 0.0% |
| Reserves | 13 | €187,509 | €187,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €185,649 | €185,649 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,188 | -€73,106 | +€11,083 | +13.2% |
| Amounts payable | 17/49 | €404,754 | €495,718 | +€90,964 | +22.5% |
| Amounts payable after more than one year | 17 | €329,935 | €363,462 | +€33,526 | +10.2% |
| Financial debts | 170/4 | €329,935 | €363,462 | +€33,526 | +10.2% |
| Amounts payable within one year | 42/48 | €74,818 | €132,256 | +€57,438 | +76.8% |
| Current portion of amounts payable after more than one year | 42 | €63,758 | €67,847 | +€4,089 | +6.4% |
| Trade debts | 44 | €9,800 | €53,400 | +€43,600 | +444.9% |
| Suppliers | 440/4 | - | €53,400 | +€53,400 | |
| Bills of exchange payable | 441 | €9,800 | - | -€9,800 | |
| Other amounts payable | 47/48 | €1,260 | €11,009 | +€9,749 | +773.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,231 | €38,966 | -€265 | -0.7% |
| Other operating charges | 640/8 | €2,918 | €109 | -€2,809 | -96.3% |
| Gross operating margin | 9900 | €62,507 | €85,380 | +€22,873 | +36.6% |
| Operating profit (loss) | 9901 | €20,358 | €46,305 | +€25,946 | +127.4% |
| Financial charges | 65/66B | €14,715 | €13,997 | -€718 | -4.9% |
| Recurring financial charges | 65 | €14,715 | €13,997 | -€718 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €5,643 | €32,308 | +€26,665 | +472.5% |
| Income taxes | 67/77 | €41,000 | €21,225 | -€19,775 | -48.2% |
| Profit (loss) for the period | 9904 | -€35,357 | €11,083 | +€46,440 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,357 | €11,083 | +€46,440 |
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 11 October 2026 via checked.be.