IMMO INDECO: 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 INDECO
Largest movements
- Stocks and contracts -€12,851
down €12,851 (-12.8%), from €100,072 to €87,221
- Tangible fixed assets -€8,087
down €8,087 (-10.8%), from €74,572 to €66,485
of which Plant, machinery and equipment: -€7,787
- Trade debts -€14,604
down €14,604 (-78.1%), from €18,703 to €4,098
- Other debts -€9,418
down €9,418 (-14.4%), from €65,223 to €55,805
- Tax, wage and social debts +€7,429
up €7,429 (+38.8%), from €19,144 to €26,573
of which Taxes: +€9,969
- Reserves -€3,045
down €3,045 (-2.7%), from €112,130 to €109,085
- Gross operating margin -€11,065
down €11,065 (-7.9%), from €140,210 to €129,145
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 | €245,199 | €225,561 | -€19,638 | -8.0% |
| Fixed assets | 21/28 | €74,572 | €66,485 | -€8,087 | -10.8% |
| Tangible fixed assets | 22/27 | €74,572 | €66,485 | -€8,087 | -10.8% |
| Land and buildings | 22 | €58,048 | €58,048 | = | 0.0% |
| Plant, machinery and equipment | 23 | €15,057 | €7,271 | -€7,787 | -51.7% |
| Furniture and vehicles | 24 | €1,467 | €1,167 | -€300 | -20.4% |
| Current assets | 29/58 | €170,628 | €159,076 | -€11,552 | -6.8% |
| Stocks and contracts in progress | 3 | €100,072 | €87,221 | -€12,851 | -12.8% |
| Stocks | 30/36 | €100,072 | €87,221 | -€12,851 | -12.8% |
| Amounts receivable within one year | 40/41 | €84 | €68 | -€15 | -18.4% |
| Trade receivables | 40 | €63 | €48 | -€15 | -24.5% |
| Other amounts receivable | 41 | €21 | €21 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,839 | €68,809 | +€970 | +1.4% |
| Deferred charges and accrued income | 490/1 | €2,632 | €2,977 | +€345 | +13.1% |
| Total equity and liabilities | 10/49 | €245,199 | €225,561 | -€19,638 | -8.0% |
| Equity | 10/15 | €142,130 | €139,085 | -€3,045 | -2.1% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €112,130 | €109,085 | -€3,045 | -2.7% |
| Distributable reserves | 133 | €112,130 | €109,085 | -€3,045 | -2.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €103,070 | €86,476 | -€16,594 | -16.1% |
| Amounts payable within one year | 42/48 | €103,070 | €86,476 | -€16,594 | -16.1% |
| Trade debts | 44 | €18,703 | €4,098 | -€14,604 | -78.1% |
| Suppliers | 440/4 | €18,703 | €4,098 | -€14,604 | -78.1% |
| Taxes, remuneration and social security | 45 | €19,144 | €26,573 | +€7,429 | +38.8% |
| Taxes | 450/3 | €10,090 | €20,060 | +€9,969 | +98.8% |
| Remuneration and social security | 454/9 | €9,054 | €6,513 | -€2,541 | -28.1% |
| Other amounts payable | 47/48 | €65,223 | €55,805 | -€9,418 | -14.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €35,118 | €36,325 | +€1,207 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,075 | €8,087 | +€11 | +0.1% |
| Other operating charges | 640/8 | €10,091 | €10,131 | +€40 | +0.4% |
| Gross operating margin | 9900 | €140,210 | €129,145 | -€11,065 | -7.9% |
| Operating profit (loss) | 9901 | €86,926 | €74,602 | -€12,324 | -14.2% |
| Financial income | 75/76B | €1 | €44 | +€43 | +3,046% |
| Recurring financial income | 75 | €1 | €44 | +€43 | +3,046% |
| Financial charges | 65/66B | €926 | €838 | -€88 | -9.5% |
| Recurring financial charges | 65 | €926 | €838 | -€88 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €86,002 | €73,808 | -€12,193 | -14.2% |
| Income taxes | 67/77 | €21,397 | €21,048 | -€349 | -1.6% |
| Profit (loss) for the period | 9904 | €64,605 | €52,760 | -€11,845 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,605 | €52,760 | -€11,845 | -18.3% |
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 18 October 2026 via checked.be.