IMMO IBRA: 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 IBRA
Largest movements
- Receivables within one year +€5,207
new in 2025: €5,207
of which Trade receivables: +€5,194
- Cash +€4,267
up €4,267 (+43.0%), from €9,932 to €14,199
mainly Trade debts (+€6,386) and Net result for the year (+€4,614)
- Tangible fixed assets +€1,707
up €1,707 (+116.6%), from €1,465 to €3,172
of which Plant, machinery and equipment: +€885
- Trade debts +€6,386
up €6,386 (+7501.2%), from €85 to €6,472
- Profit (loss) carried forward +€4,614
up €4,614 (+71.3%), from €6,469 to €11,083
- Gross operating margin -€1,325
down €1,325 (-15.0%), from €8,812 to €7,487
- Depreciation +€996
up €996 (+683.6%), from €146 to €1,142
- Taxes -€517
down €517 (-31.0%), from €1,669 to €1,152
- Other operating charges +€138
up €138 (+35.7%), from €387 to €525
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 | €11,396 | €22,578 | +€11,181 | +98.1% |
| Fixed assets | 21/28 | €1,465 | €3,172 | +€1,707 | +116.6% |
| Tangible fixed assets | 22/27 | €1,465 | €3,172 | +€1,707 | +116.6% |
| Plant, machinery and equipment | 23 | - | €885 | +€885 | |
| Furniture and vehicles | 24 | €1,465 | €2,287 | +€822 | +56.2% |
| Current assets | 29/58 | €9,932 | €19,406 | +€9,474 | +95.4% |
| Amounts receivable within one year | 40/41 | - | €5,207 | +€5,207 | |
| Trade receivables | 40 | - | €5,194 | +€5,194 | |
| Other amounts receivable | 41 | - | €13 | +€13 | |
| Cash at bank and in hand | 54/58 | €9,932 | €14,199 | +€4,267 | +43.0% |
| Total equity and liabilities | 10/49 | €11,396 | €22,578 | +€11,181 | +98.1% |
| Equity | 10/15 | €9,469 | €14,083 | +€4,614 | +48.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,469 | €11,083 | +€4,614 | +71.3% |
| Amounts payable | 17/49 | €1,927 | €8,495 | +€6,568 | +340.7% |
| Amounts payable within one year | 42/48 | €1,927 | €8,495 | +€6,568 | +340.7% |
| Trade debts | 44 | €85 | €6,472 | +€6,386 | +7501.2% |
| Suppliers | 440/4 | €85 | €6,472 | +€6,386 | +7501.2% |
| Taxes, remuneration and social security | 45 | €1,842 | €2,023 | +€181 | +9.8% |
| Taxes | 450/3 | €1,842 | €2,023 | +€181 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146 | €1,142 | +€996 | +683.6% |
| Other operating charges | 640/8 | €387 | €525 | +€138 | +35.7% |
| Gross operating margin | 9900 | €8,812 | €7,487 | -€1,325 | -15.0% |
| Operating profit (loss) | 9901 | €8,279 | €5,820 | -€2,459 | -29.7% |
| Financial charges | 65/66B | €141 | €54 | -€87 | -61.6% |
| Recurring financial charges | 65 | €141 | €54 | -€87 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €8,138 | €5,766 | -€2,372 | -29.1% |
| Income taxes | 67/77 | €1,669 | €1,152 | -€517 | -31.0% |
| Profit (loss) for the period | 9904 | €6,469 | €4,614 | -€1,855 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,469 | €4,614 | -€1,855 | -28.7% |
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 10 October 2026 via checked.be.