IMMO IRGE: what changed
Two fiscal 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 IRGE
Largest movements
- Tangible fixed assets -€63,563
down €63,563 (-14.2%), from €447,735 to €384,173
of which Furniture and vehicles: -€42,200
- Cash -€30,350
down €30,350 (-59.8%), from €50,719 to €20,370
mainly Contributions, distributions and other (-€90,000) and Net result for the year (-€8,087)
- Reserves -€91,754
down €91,754 (-21.1%), from €435,622 to €343,868
of which Distributable reserves: -€90,000
- Profit (loss) carried forward -€6,333
down €6,333 (-563.6%), from -€1,124 to -€7,457
- Financial income -€14,073
down €14,073 (-99.9%), from €14,082 to €9
- Depreciation -€8,367
down €8,367 (-28.1%), from €29,730 to €21,362
- Gross operating margin -€6,634
down €6,634 (-26.9%), from €24,618 to €17,984
- Taxes -€1,531
down €1,531 (-79.3%), from €1,932 to €401
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 | €505,635 | €408,529 | -€97,106 | -19.2% |
| Fixed assets | 21/28 | €448,538 | €384,975 | -€63,563 | -14.2% |
| Tangible fixed assets | 22/27 | €447,735 | €384,173 | -€63,563 | -14.2% |
| Land and buildings | 22 | €405,535 | €384,173 | -€21,362 | -5.3% |
| Furniture and vehicles | 24 | €42,200 | - | -€42,200 | |
| Financial fixed assets | 28 | €802 | €802 | = | 0.0% |
| Current assets | 29/58 | €57,097 | €23,554 | -€33,543 | -58.7% |
| Amounts receivable within one year | 40/41 | €4,227 | €2,089 | -€2,138 | -50.6% |
| Other amounts receivable | 41 | €4,227 | €2,089 | -€2,138 | -50.6% |
| Cash at bank and in hand | 54/58 | €50,719 | €20,370 | -€30,350 | -59.8% |
| Deferred charges and accrued income | 490/1 | €2,151 | €1,096 | -€1,055 | -49.1% |
| Total equity and liabilities | 10/49 | €505,635 | €408,529 | -€97,106 | -19.2% |
| Equity | 10/15 | €496,499 | €398,411 | -€98,087 | -19.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €435,622 | €343,868 | -€91,754 | -21.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,559 | €22,804 | -€1,754 | -7.1% |
| Distributable reserves | 133 | €404,864 | €314,864 | -€90,000 | -22.2% |
| Profit (loss) carried forward | 14 | -€1,124 | -€7,457 | -€6,333 | -563.6% |
| Provisions and deferred taxes | 16 | €8,186 | €7,601 | -€585 | -7.1% |
| Deferred taxes | 168 | €8,186 | €7,601 | -€585 | -7.1% |
| Amounts payable | 17/49 | €950 | €2,517 | +€1,567 | +164.9% |
| Amounts payable within one year | 42/48 | - | €2,517 | +€2,517 | |
| Trade debts | 44 | - | €224 | +€224 | |
| Suppliers | 440/4 | - | €224 | +€224 | |
| Taxes, remuneration and social security | 45 | - | €401 | +€401 | |
| Taxes | 450/3 | - | €401 | +€401 | |
| Other amounts payable | 47/48 | - | €1,892 | +€1,892 | |
| Accrued charges and deferred income | 492/3 | €950 | - | -€950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,730 | €21,362 | -€8,367 | -28.1% |
| Other operating charges | 640/8 | €4,842 | €4,856 | +€14 | +0.3% |
| Gross operating margin | 9900 | €24,618 | €17,984 | -€6,634 | -26.9% |
| Operating profit (loss) | 9901 | -€9,954 | -€8,234 | +€1,720 | +17.3% |
| Financial income | 75/76B | €14,082 | €9 | -€14,073 | -99.9% |
| Recurring financial income | 75 | €14,082 | €9 | -€14,073 | -99.9% |
| Financial charges | 65/66B | €62 | €46 | -€16 | -25.7% |
| Recurring financial charges | 65 | €62 | €46 | -€16 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €4,066 | -€8,271 | -€12,337 | |
| Transfer from deferred taxes | 780 | €585 | €585 | = | 0.0% |
| Income taxes | 67/77 | €1,932 | €401 | -€1,531 | -79.3% |
| Profit (loss) for the period | 9904 | €2,718 | -€8,087 | -€10,806 | |
| Transfer from tax-exempt reserves | 789 | €1,754 | €1,754 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,472 | -€6,333 | -€10,806 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.