IMMO-K: 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-K
Largest movements
- Receivables within one year -€134,723
down €134,723 (-67.6%), from €199,312 to €64,589
of which Other amounts receivable: -€125,470
- Tangible fixed assets -€128,596
down €128,596 (-37.0%), from €347,397 to €218,801
of which Leasing and similar rights: -€113,265
- Cash +€6,692
up €6,692 (+20.9%), from €32,071 to €38,763
mainly Receivables within one year (+€134,723) and Investment in fixed assets (net) (+€113,265)
- Current portion of long-term debt -€202,772
down €202,772 (-94.5%), from €214,684 to €11,912
- Debts after one year -€61,473
no longer reported in 2025 (was €61,473)
- Reserves +€15,301
up €15,301 (+16.0%), from €95,615 to €110,916
of which Distributable reserves: +€50,000
- Provisions -€11,566
no longer reported in 2025 (was €11,566)
- Depreciation -€185,912
down €185,912 (-92.4%), from €201,243 to €15,330
- Financial charges +€16,358
up €16,358 (+101.6%), from €16,106 to €32,464
- Other operating charges +€8,018
up €8,018 (+29.1%), from €27,583 to €35,601
- Taxes +€5,000
new in 2025: €5,000
- Gross operating margin -€1,500
down €1,500 (-1.6%), from €94,580 to €93,080
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 | €578,779 | €322,153 | -€256,626 | -44.3% |
| Fixed assets | 21/28 | €347,397 | €218,801 | -€128,596 | -37.0% |
| Tangible fixed assets | 22/27 | €347,397 | €218,801 | -€128,596 | -37.0% |
| Land and buildings | 22 | €234,132 | €218,801 | -€15,330 | -6.5% |
| Leasing and similar rights | 25 | €113,265 | - | -€113,265 | |
| Current assets | 29/58 | €231,382 | €103,352 | -€128,030 | -55.3% |
| Amounts receivable within one year | 40/41 | €199,312 | €64,589 | -€134,723 | -67.6% |
| Trade receivables | 40 | €11,007 | €1,755 | -€9,253 | -84.1% |
| Other amounts receivable | 41 | €188,304 | €62,834 | -€125,470 | -66.6% |
| Cash at bank and in hand | 54/58 | €32,071 | €38,763 | +€6,692 | +20.9% |
| Total equity and liabilities | 10/49 | €578,779 | €322,153 | -€256,626 | -44.3% |
| Equity | 10/15 | €288,990 | €305,241 | +€16,251 | +5.6% |
| Contributions | 10/11 | €109,873 | €109,873 | = | 0.0% |
| Capital | 10 | €109,873 | €109,873 | = | 0.0% |
| Issued capital | 100 | €109,873 | €109,873 | = | 0.0% |
| Reserves | 13 | €95,615 | €110,916 | +€15,301 | +16.0% |
| Non-distributable reserves | 130/1 | €916 | €916 | = | 0.0% |
| Legal reserve | 130 | €916 | €916 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,699 | - | -€34,699 | |
| Distributable reserves | 133 | €60,000 | €110,000 | +€50,000 | +83.3% |
| Profit (loss) carried forward | 14 | €83,502 | €84,453 | +€951 | +1.1% |
| Provisions and deferred taxes | 16 | €11,566 | - | -€11,566 | |
| Deferred taxes | 168 | €11,566 | - | -€11,566 | |
| Amounts payable | 17/49 | €278,223 | €16,912 | -€261,311 | -93.9% |
| Amounts payable after more than one year | 17 | €61,473 | - | -€61,473 | |
| Financial debts | 170/4 | €61,473 | - | -€61,473 | |
| Amounts payable within one year | 42/48 | €216,750 | €16,912 | -€199,838 | -92.2% |
| Current portion of amounts payable after more than one year | 42 | €214,684 | €11,912 | -€202,772 | -94.5% |
| Trade debts | 44 | €2,065 | - | -€2,065 | |
| Suppliers | 440/4 | €2,065 | - | -€2,065 | |
| Taxes, remuneration and social security | 45 | - | €5,000 | +€5,000 | |
| Taxes | 450/3 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,243 | €15,330 | -€185,912 | -92.4% |
| Other operating charges | 640/8 | €27,583 | €35,601 | +€8,018 | +29.1% |
| Gross operating margin | 9900 | €94,580 | €93,080 | -€1,500 | -1.6% |
| Operating profit (loss) | 9901 | -€134,246 | €42,149 | +€176,395 | |
| Financial charges | 65/66B | €16,106 | €32,464 | +€16,358 | +101.6% |
| Recurring financial charges | 65 | €16,106 | €32,464 | +€16,358 | +101.6% |
| Profit (loss) for the period before taxes | 9903 | -€150,352 | €9,685 | +€160,037 | |
| Transfer from deferred taxes | 780 | €23,133 | €11,566 | -€11,566 | -50.0% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | -€127,219 | €16,251 | +€143,470 | |
| Transfer from tax-exempt reserves | 789 | €69,399 | €34,699 | -€34,699 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,820 | €50,951 | +€108,771 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.