IMMO "M": 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 "M"
Largest movements
- Tangible fixed assets -€11,902
down €11,902 (-4.6%), from €257,187 to €245,285
- Cash +€6,612
up €6,612 (+85.5%), from €7,730 to €14,342
mainly Depreciation (+€11,902) and Accrued charges and deferred income (+€1)
- Profit (loss) carried forward -€4,757
down €4,757 (-5.4%), from -€87,688 to -€92,445
- Gross operating margin +€4,320
up €4,320 (+72.8%), from €5,931 to €10,252
- Depreciation +€530
up €530 (+4.7%), from €11,371 to €11,902
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 | €264,917 | €259,967 | -€4,949 | -1.9% |
| Fixed assets | 21/28 | €257,187 | €245,285 | -€11,902 | -4.6% |
| Tangible fixed assets | 22/27 | €257,187 | €245,285 | -€11,902 | -4.6% |
| Land and buildings | 22 | €257,187 | €245,285 | -€11,902 | -4.6% |
| Current assets | 29/58 | €7,730 | €14,682 | +€6,952 | +89.9% |
| Cash at bank and in hand | 54/58 | €7,730 | €14,342 | +€6,612 | +85.5% |
| Deferred charges and accrued income | 490/1 | - | €340 | +€340 | |
| Total equity and liabilities | 10/49 | €264,917 | €259,967 | -€4,949 | -1.9% |
| Equity | 10/15 | -€7,317 | -€12,074 | -€4,757 | -65.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €371 | €371 | = | 0.0% |
| Non-distributable reserves | 130/1 | €371 | €371 | = | 0.0% |
| Legal reserve | 130 | €371 | €371 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,688 | -€92,445 | -€4,757 | -5.4% |
| Amounts payable | 17/49 | €272,234 | €272,041 | -€192 | -0.1% |
| Amounts payable within one year | 42/48 | €272,168 | €271,974 | -€194 | -0.1% |
| Trade debts | 44 | €534 | €340 | -€194 | -36.3% |
| Suppliers | 440/4 | €534 | €340 | -€194 | -36.3% |
| Other amounts payable | 47/48 | €271,634 | €271,634 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,371 | €11,902 | +€530 | +4.7% |
| Other operating charges | 640/8 | €3,055 | €3,107 | +€52 | +1.7% |
| Gross operating margin | 9900 | €5,931 | €10,252 | +€4,320 | +72.8% |
| Operating profit (loss) | 9901 | -€8,495 | -€4,757 | +€3,738 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,495 | -€4,757 | +€3,738 | +44.0% |
| Profit (loss) for the period | 9904 | -€8,495 | -€4,757 | +€3,738 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,495 | -€4,757 | +€3,738 | +44.0% |
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 10 October 2026 via checked.be.