IMMO KORTENBERG: 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 KORTENBERG
Largest movements
- Cash +€4,655
up €4,655 (+7.8%), from €59,629 to €64,284
mainly Net result for the year (+€24,101) and Other debts (+€2,500)
- Tangible fixed assets -€1,126
down €1,126 (-3.8%), from €29,295 to €28,169
- Other debts +€2,500
up €2,500 (+11.6%), from €21,500 to €24,000
- Tax, wage and social debts +€942
up €942, from €0 to €942
- Gross operating margin +€3,204
up €3,204 (+9.5%), from €33,681 to €36,885
- Taxes +€833
up €833 (+11.6%), from €7,201 to €8,034
- Depreciation -€519
down €519 (-31.5%), from €1,645 to €1,126
- Other operating charges +€380
up €380 (+10.8%), from €3,520 to €3,900
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 | €89,830 | €93,372 | +€3,543 | +3.9% |
| Fixed assets | 21/28 | €29,295 | €28,169 | -€1,126 | -3.8% |
| Tangible fixed assets | 22/27 | €29,295 | €28,169 | -€1,126 | -3.8% |
| Land and buildings | 22 | €29,295 | €28,169 | -€1,126 | -3.8% |
| Current assets | 29/58 | €60,535 | €65,204 | +€4,669 | +7.7% |
| Amounts receivable within one year | 40/41 | €394 | €394 | = | 0.0% |
| Other amounts receivable | 41 | €394 | €394 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,629 | €64,284 | +€4,655 | +7.8% |
| Deferred charges and accrued income | 490/1 | €512 | €525 | +€14 | +2.7% |
| Total equity and liabilities | 10/49 | €89,830 | €93,372 | +€3,543 | +3.9% |
| Equity | 10/15 | €68,330 | €68,431 | +€101 | +0.1% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €130 | €231 | +€101 | +77.8% |
| Amounts payable | 17/49 | €21,500 | €24,942 | +€3,442 | +16.0% |
| Amounts payable within one year | 42/48 | €21,500 | €24,942 | +€3,442 | +16.0% |
| Taxes, remuneration and social security | 45 | €0 | €942 | +€942 | |
| Taxes | 450/3 | €0 | €942 | +€942 | |
| Other amounts payable | 47/48 | €21,500 | €24,000 | +€2,500 | +11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €1,126 | -€519 | -31.5% |
| Other operating charges | 640/8 | €3,520 | €3,900 | +€380 | +10.8% |
| Gross operating margin | 9900 | €33,681 | €36,885 | +€3,204 | +9.5% |
| Operating profit (loss) | 9901 | €28,516 | €31,859 | +€3,342 | +11.7% |
| Financial income | 75/76B | €315 | €306 | -€9 | -2.9% |
| Recurring financial income | 75 | €315 | €306 | -€9 | -2.9% |
| Financial charges | 65/66B | €29 | €30 | +€2 | +5.3% |
| Recurring financial charges | 65 | €29 | €30 | +€2 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €28,803 | €32,135 | +€3,332 | +11.6% |
| Income taxes | 67/77 | €7,201 | €8,034 | +€833 | +11.6% |
| Profit (loss) for the period | 9904 | €21,602 | €24,101 | +€2,499 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,602 | €24,101 | +€2,499 | +11.6% |
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 12 October 2026 via checked.be.