IMMO M.D.: 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.D.
Largest movements
- Tangible fixed assets -€24,227
down €24,227 (-5.2%), from €463,677 to €439,450
of which Land and buildings: -€33,708
- Cash -€14,190
down €14,190 (-66.4%), from €21,386 to €7,196
mainly Net result for the year (-€29,678) and Tax, wage and social debts (-€4,208)
- Profit (loss) carried forward -€29,678
new in 2026: -€29,678
- Taxes -€129,208
no longer reported in 2026 (was €129,208)
- Financial income -€64,727
no longer reported in 2026 (was €64,727)
of which Financial income: -€64,727
- Gross operating margin +€20,130
up €20,130 (+93.0%), from -€21,644 to -€1,514
- Other operating charges -€1,750
down €1,750 (-44.3%), from €3,953 to €2,203
- Financial charges -€1,089
down €1,089 (-88.3%), from €1,233 to €144
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,224 | €446,807 | -€38,417 | -7.9% |
| Fixed assets | 21/28 | €463,677 | €439,450 | -€24,227 | -5.2% |
| Tangible fixed assets | 22/27 | €463,677 | €439,450 | -€24,227 | -5.2% |
| Land and buildings | 22 | €463,556 | €429,848 | -€33,708 | -7.3% |
| Plant, machinery and equipment | 23 | - | €9,541 | +€9,541 | |
| Furniture and vehicles | 24 | €121 | €61 | -€60 | -49.6% |
| Current assets | 29/58 | €21,547 | €7,357 | -€14,190 | -65.9% |
| Amounts receivable within one year | 40/41 | €161 | €161 | = | 0.0% |
| Other amounts receivable | 41 | €161 | €161 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,386 | €7,196 | -€14,190 | -66.4% |
| Total equity and liabilities | 10/49 | €485,224 | €446,807 | -€38,417 | -7.9% |
| Equity | 10/15 | €318,972 | €289,294 | -€29,678 | -9.3% |
| 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 | €256,972 | €256,972 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €250,772 | €250,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€29,678 | -€29,678 | |
| Amounts payable | 17/49 | €166,252 | €157,513 | -€8,739 | -5.3% |
| Amounts payable within one year | 42/48 | €165,587 | €157,513 | -€8,074 | -4.9% |
| Trade debts | 44 | €2,866 | - | -€2,866 | |
| Suppliers | 440/4 | €2,866 | - | -€2,866 | |
| Taxes, remuneration and social security | 45 | €4,208 | - | -€4,208 | |
| Taxes | 450/3 | €4,208 | - | -€4,208 | |
| Other amounts payable | 47/48 | €158,513 | €157,513 | -€1,000 | -0.6% |
| Accrued charges and deferred income | 492/3 | €665 | - | -€665 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,831 | €25,817 | +€986 | +4.0% |
| Other operating charges | 640/8 | €3,953 | €2,203 | -€1,750 | -44.3% |
| Gross operating margin | 9900 | -€21,644 | -€1,514 | +€20,130 | +93.0% |
| Operating profit (loss) | 9901 | -€50,428 | -€29,534 | +€20,894 | +41.4% |
| Financial income | 75/76B | €64,727 | - | -€64,727 | |
| Recurring financial income | 75 | €64,727 | - | -€64,727 | |
| Non-recurring financial income | 76B | €64,727 | - | -€64,727 | |
| Financial charges | 65/66B | €1,233 | €144 | -€1,089 | -88.3% |
| Recurring financial charges | 65 | €1,233 | €144 | -€1,089 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €13,066 | -€29,678 | -€42,744 | |
| Transfer from deferred taxes | 780 | €129,208 | - | -€129,208 | |
| Income taxes | 67/77 | €129,208 | - | -€129,208 | |
| Profit (loss) for the period | 9904 | €13,066 | -€29,678 | -€42,744 | |
| Transfer from tax-exempt reserves | 789 | €250,927 | - | -€250,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €263,993 | -€29,678 | -€293,671 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.