IMMO LOGIC: 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 LOGIC
Largest movements
- Cash -€6,669
down €6,669 (-21.0%), from €31,768 to €25,099
- Receivables within one year +€4,350
up €4,350 (+5.0%), from €87,335 to €91,685
- Tangible fixed assets -€3,257
down €3,257 (-4.7%), from €69,199 to €65,942
of which Land and buildings: -€12,401
- Intangible fixed assets -€2,000
down €2,000 (-66.7%), from €3,000 to €1,000
- Other debts -€24,101
down €24,101 (-48.6%), from €49,573 to €25,472
- Debts after one year +€9,582
up €9,582 (+883.3%), from €1,085 to €10,667
of which Financial debts: +€9,582
- Current portion of long-term debt +€3,945
new in 2025: €3,945
- Profit (loss) carried forward +€2,999
up €2,999 (+7.5%), from €40,063 to €43,062
- Gross operating margin +€12,242
up €12,242 (+220.4%), from €5,555 to €17,797
- Depreciation +€3,139
up €3,139 (+38.5%), from €8,153 to €11,292
- Other operating charges +€2,713
up €2,713 (+72.8%), from €3,730 to €6,443
- Financial charges +€749
up €749 (+366.3%), from €205 to €954
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €191,302 | €183,726 | -€7,576 | -4.0% |
| Fixed assets | 21/28 | €72,199 | €66,942 | -€5,257 | -7.3% |
| Intangible fixed assets | 21 | €3,000 | €1,000 | -€2,000 | -66.7% |
| Tangible fixed assets | 22/27 | €69,199 | €65,942 | -€3,257 | -4.7% |
| Land and buildings | 22 | €67,044 | €54,643 | -€12,401 | -18.5% |
| Other tangible fixed assets | 26 | €2,155 | €11,299 | +€9,144 | +424.4% |
| Current assets | 29/58 | €119,103 | €116,784 | -€2,319 | -1.9% |
| Amounts receivable within one year | 40/41 | €87,335 | €91,685 | +€4,350 | +5.0% |
| Other amounts receivable | 41 | €87,335 | €91,685 | +€4,350 | +5.0% |
| Cash at bank and in hand | 54/58 | €31,768 | €25,099 | -€6,669 | -21.0% |
| Total equity and liabilities | 10/49 | €191,302 | €183,726 | -€7,576 | -4.0% |
| Equity | 10/15 | €140,644 | €143,642 | +€2,999 | +2.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €80,580 | €80,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,580 | €68,580 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,063 | €43,062 | +€2,999 | +7.5% |
| Amounts payable | 17/49 | €50,658 | €40,084 | -€10,574 | -20.9% |
| Amounts payable after more than one year | 17 | €1,085 | €10,667 | +€9,582 | +883.3% |
| Financial debts | 170/4 | - | €9,582 | +€9,582 | |
| Other amounts payable | 178/9 | €1,085 | €1,085 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,573 | €29,417 | -€20,156 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,945 | +€3,945 | |
| Other amounts payable | 47/48 | €49,573 | €25,472 | -€24,101 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,153 | €11,292 | +€3,139 | +38.5% |
| Other operating charges | 640/8 | €3,730 | €6,443 | +€2,713 | +72.8% |
| Gross operating margin | 9900 | €5,555 | €17,797 | +€12,242 | +220.4% |
| Operating profit (loss) | 9901 | -€6,328 | €62 | +€6,390 | |
| Financial charges | 65/66B | €205 | €954 | +€749 | +366.3% |
| Recurring financial charges | 65 | €205 | €954 | +€749 | +366.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,532 | -€892 | +€5,641 | +86.3% |
| Profit (loss) for the period | 9904 | -€6,532 | -€892 | +€5,641 | +86.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,532 | -€892 | +€5,641 | +86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.