Immo Inro: 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 Inro
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€119,991
up €119,991 (+6.9%), from €1.7m to €1.9m
of which Distributable reserves: +€119,991
- Debts after one year -€107,841
down €107,841 (-51.8%), from €208,229 to €100,387
- Depreciation -€33,464
down €33,464 (-61.2%), from €54,686 to €21,222
- Taxes +€10,348
up €10,348 (+22.3%), from €46,451 to €56,799
- Financial charges -€6,947
down €6,947 (-40.9%), from €16,966 to €10,019
- Gross operating margin -€4,671
down €4,671 (-2.0%), from €229,054 to €224,384
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 | €2,336,283 | €2,344,344 | +€8,062 | +0.3% |
| Fixed assets | 21/28 | €2,144,455 | €2,123,232 | -€21,222 | -1.0% |
| Tangible fixed assets | 22/27 | €1,177,168 | €1,155,945 | -€21,222 | -1.8% |
| Land and buildings | 22 | €1,177,168 | €1,155,945 | -€21,222 | -1.8% |
| Financial fixed assets | 28 | €967,287 | €967,287 | = | 0.0% |
| Current assets | 29/58 | €191,828 | €221,112 | +€29,284 | +15.3% |
| Amounts receivable after more than one year | 29 | €128,766 | €137,560 | +€8,793 | +6.8% |
| Other amounts receivable | 291 | €128,766 | €137,560 | +€8,793 | +6.8% |
| Amounts receivable within one year | 40/41 | €17,257 | €34,192 | +€16,935 | +98.1% |
| Trade receivables | 40 | €14,606 | €2,947 | -€11,659 | -79.8% |
| Other amounts receivable | 41 | €2,652 | €31,245 | +€28,593 | +1,078% |
| Cash at bank and in hand | 54/58 | €45,804 | €49,360 | +€3,556 | +7.8% |
| Total equity and liabilities | 10/49 | €2,336,283 | €2,344,344 | +€8,062 | +0.3% |
| Equity | 10/15 | €1,814,354 | €1,934,346 | +€119,991 | +6.6% |
| Contributions | 10/11 | €64,441 | €64,441 | = | 0.0% |
| Capital | 10 | €64,441 | €64,441 | = | 0.0% |
| Issued capital | 100 | €64,441 | €64,441 | = | 0.0% |
| Reserves | 13 | €1,749,914 | €1,869,905 | +€119,991 | +6.9% |
| Non-distributable reserves | 130/1 | €136,444 | €136,444 | = | 0.0% |
| Legal reserve | 130 | €136,444 | €136,444 | = | 0.0% |
| Distributable reserves | 133 | €1,613,469 | €1,733,461 | +€119,991 | +7.4% |
| Amounts payable | 17/49 | €521,928 | €409,999 | -€111,930 | -21.4% |
| Amounts payable after more than one year | 17 | €208,229 | €100,387 | -€107,841 | -51.8% |
| Financial debts | 170/4 | €208,229 | €100,387 | -€107,841 | -51.8% |
| Amounts payable within one year | 42/48 | €313,700 | €309,611 | -€4,088 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €113,977 | €114,174 | +€197 | +0.2% |
| Trade debts | 44 | €7,085 | €8,919 | +€1,835 | +25.9% |
| Suppliers | 440/4 | €7,085 | €8,919 | +€1,835 | +25.9% |
| Taxes, remuneration and social security | 45 | €27,421 | €38,309 | +€10,888 | +39.7% |
| Taxes | 450/3 | €27,421 | €38,309 | +€10,888 | +39.7% |
| Other amounts payable | 47/48 | €165,217 | €148,210 | -€17,007 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,686 | €21,222 | -€33,464 | -61.2% |
| Other operating charges | 640/8 | €23,870 | €25,145 | +€1,275 | +5.3% |
| Gross operating margin | 9900 | €229,054 | €224,384 | -€4,671 | -2.0% |
| Operating profit (loss) | 9901 | €150,498 | €178,016 | +€27,518 | +18.3% |
| Financial income | 75/76B | €10,349 | €8,793 | -€1,555 | -15.0% |
| Recurring financial income | 75 | €10,349 | €8,793 | -€1,555 | -15.0% |
| Financial charges | 65/66B | €16,966 | €10,019 | -€6,947 | -40.9% |
| Recurring financial charges | 65 | €16,966 | €10,019 | -€6,947 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €143,881 | €176,790 | +€32,909 | +22.9% |
| Transfer from deferred taxes | 780 | €519 | - | -€519 | |
| Income taxes | 67/77 | €46,451 | €56,799 | +€10,348 | +22.3% |
| Profit (loss) for the period | 9904 | €97,949 | €119,991 | +€22,043 | +22.5% |
| Transfer from tax-exempt reserves | 789 | €1,008 | - | -€1,008 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,957 | €119,991 | +€21,035 | +21.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.