IMMO M.C.R.: 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.C.R.
Largest movements
- Tangible fixed assets -€9,273
down €9,273 (-5.9%), from €156,270 to €146,997
of which Land and buildings: -€8,608
- Cash +€2,506
up €2,506 (+80.8%), from €3,103 to €5,610
mainly Other debts (+€39,229) and Depreciation (+€9,273)
- Other debts +€39,229
up €39,229 (+561%), from €6,991 to €46,220
- Profit (loss) carried forward -€24,534
down €24,534 (-87.7%), from -€27,977 to -€52,511
- Debts after one year -€9,861
down €9,861 (-19.6%), from €50,361 to €40,500
of which Financial debts: -€9,861
- Current portion of long-term debt -€9,285
down €9,285 (-48.5%), from €19,146 to €9,861
- Accrued charges and deferred income -€3,440
down €3,440 (-100%), from €3,440 to €0
- Gross operating margin -€6,186
down €6,186 (-327%), from -€1,891 to -€8,077
- Other operating charges +€1,195
up €1,195 (+107%), from €1,118 to €2,312
- Financial charges -€379
down €379 (-7.2%), from €5,252 to €4,872
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.
Derived cash bridge
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 | €177,306 | €170,359 | -€6,947 | -3.9% |
| Fixed assets | 21/28 | €173,641 | €164,368 | -€9,273 | -5.3% |
| Tangible fixed assets | 22/27 | €156,270 | €146,997 | -€9,273 | -5.9% |
| Land and buildings | 22 | €151,164 | €142,556 | -€8,608 | -5.7% |
| Plant, machinery and equipment | 23 | €5,105 | €4,441 | -€665 | -13.0% |
| Financial fixed assets | 28 | €17,372 | €17,372 | = | 0.0% |
| Current assets | 29/58 | €3,665 | €5,991 | +€2,326 | +63.5% |
| Cash at bank and in hand | 54/58 | €3,103 | €5,610 | +€2,506 | +80.8% |
| Deferred charges and accrued income | 490/1 | €562 | €381 | -€181 | -32.1% |
| Total equity and liabilities | 10/49 | €177,306 | €170,359 | -€6,947 | -3.9% |
| Equity | 10/15 | €97,202 | €72,669 | -€24,534 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,580 | €106,580 | = | 0.0% |
| Distributable reserves | 133 | €106,580 | €106,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,977 | -€52,511 | -€24,534 | -87.7% |
| Amounts payable | 17/49 | €80,104 | €97,690 | +€17,586 | +22.0% |
| Amounts payable after more than one year | 17 | €50,361 | €40,500 | -€9,861 | -19.6% |
| Financial debts | 170/4 | €9,861 | €0 | -€9,861 | -100% |
| Other amounts payable | 178/9 | €40,500 | €40,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,302 | €57,190 | +€30,888 | +117% |
| Current portion of amounts payable after more than one year | 42 | €19,146 | €9,861 | -€9,285 | -48.5% |
| Trade debts | 44 | €165 | €177 | +€12 | +7.4% |
| Suppliers | 440/4 | €165 | €177 | +€12 | +7.4% |
| Taxes, remuneration and social security | 45 | - | €932 | +€932 | |
| Taxes | 450/3 | - | €932 | +€932 | |
| Other amounts payable | 47/48 | €6,991 | €46,220 | +€39,229 | +561% |
| Accrued charges and deferred income | 492/3 | €3,440 | €0 | -€3,440 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,247 | €9,273 | +€25 | +0.3% |
| Other operating charges | 640/8 | €1,118 | €2,312 | +€1,195 | +107% |
| Gross operating margin | 9900 | -€1,891 | -€8,077 | -€6,186 | -327% |
| Operating profit (loss) | 9901 | -€12,256 | -€19,662 | -€7,406 | -60.4% |
| Financial charges | 65/66B | €5,252 | €4,872 | -€379 | -7.2% |
| Recurring financial charges | 65 | €5,252 | €4,872 | -€379 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,508 | -€24,534 | -€7,026 | -40.1% |
| Profit (loss) for the period | 9904 | -€17,508 | -€24,534 | -€7,026 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,508 | -€24,534 | -€7,026 | -40.1% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.