IMMO LINK: 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 LINK
Largest movements
- Receivables after one year -€89,394
no longer reported in 2025 (was €89,394)
- Receivables within one year +€51,796
up €51,796 (+258.9%), from €20,005 to €71,800
of which Other amounts receivable: +€42,660
- Tangible fixed assets -€8,388
down €8,388 (-6.8%), from €123,766 to €115,378
of which Land and buildings: -€6,774
- Profit (loss) carried forward -€34,080
down €34,080 (-57.9%), from €58,848 to €24,768
- Current portion of long-term debt -€16,767
no longer reported in 2025 (was €16,767)
- Other debts +€5,000
up €5,000 (+14.3%), from €35,000 to €40,000
- Trade debts -€4,740
down €4,740 (-97.9%), from €4,840 to €100
- Gross operating margin -€8,078
down €8,078 (-22.4%), from €36,052 to €27,974
- Financial charges +€6,529
up €6,529 (+253.2%), from €2,579 to €9,108
- Taxes +€2,232
new in 2025: €2,232
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 | €264,594 | €216,449 | -€48,145 | -18.2% |
| Fixed assets | 21/28 | €124,666 | €116,278 | -€8,388 | -6.7% |
| Tangible fixed assets | 22/27 | €123,766 | €115,378 | -€8,388 | -6.8% |
| Land and buildings | 22 | €122,152 | €115,378 | -€6,774 | -5.5% |
| Plant, machinery and equipment | 23 | €823 | - | -€823 | |
| Furniture and vehicles | 24 | €791 | - | -€791 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €139,927 | €100,170 | -€39,757 | -28.4% |
| Amounts receivable after more than one year | 29 | €89,394 | - | -€89,394 | |
| Other amounts receivable | 291 | €89,394 | - | -€89,394 | |
| Amounts receivable within one year | 40/41 | €20,005 | €71,800 | +€51,796 | +258.9% |
| Trade receivables | 40 | €20,005 | €29,140 | +€9,136 | +45.7% |
| Other amounts receivable | 41 | - | €42,660 | +€42,660 | |
| Cash at bank and in hand | 54/58 | €30,529 | €28,370 | -€2,158 | -7.1% |
| Total equity and liabilities | 10/49 | €264,594 | €216,449 | -€48,145 | -18.2% |
| Equity | 10/15 | €206,887 | €172,807 | -€34,080 | -16.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €123,039 | €123,039 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,707 | €6,707 | = | 0.0% |
| Distributable reserves | 133 | €116,332 | €116,332 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,848 | €24,768 | -€34,080 | -57.9% |
| Amounts payable | 17/49 | €57,707 | €43,642 | -€14,065 | -24.4% |
| Amounts payable within one year | 42/48 | €57,707 | €43,642 | -€14,065 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €16,767 | - | -€16,767 | |
| Trade debts | 44 | €4,840 | €100 | -€4,740 | -97.9% |
| Suppliers | 440/4 | €4,840 | €100 | -€4,740 | -97.9% |
| Taxes, remuneration and social security | 45 | €1,100 | €3,542 | +€2,442 | +222.0% |
| Taxes | 450/3 | €1,100 | €3,542 | +€2,442 | +222.0% |
| Other amounts payable | 47/48 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,497 | €8,388 | -€109 | -1.3% |
| Other operating charges | 640/8 | €2,803 | €2,569 | -€233 | -8.3% |
| Gross operating margin | 9900 | €36,052 | €27,974 | -€8,078 | -22.4% |
| Operating profit (loss) | 9901 | €24,752 | €17,017 | -€7,735 | -31.3% |
| Financial income | 75/76B | €2 | €243 | +€241 | +13861.5% |
| Recurring financial income | 75 | €2 | €243 | +€241 | +13861.5% |
| Financial charges | 65/66B | €2,579 | €9,108 | +€6,529 | +253.2% |
| Recurring financial charges | 65 | €2,579 | €9,108 | +€6,529 | +253.2% |
| Profit (loss) for the period before taxes | 9903 | €22,175 | €8,152 | -€14,023 | -63.2% |
| Income taxes | 67/77 | - | €2,232 | +€2,232 | |
| Profit (loss) for the period | 9904 | €22,175 | €5,920 | -€16,255 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,175 | €5,920 | -€16,255 | -73.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.