Immo M en G: 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 en G
Largest movements
- Cash -€252,267
down €252,267 (-84.4%), from €298,722 to €46,455
mainly Debts after one year (-€493,017) and Investment in fixed assets (net) (-€314,030)
- Tangible fixed assets +€186,876
up €186,876 (+12.5%), from €1.5m to €1.7m
- Receivables within one year -€142,375
down €142,375 (-99.8%), from €142,671 to €296
- Debts after one year -€493,017
down €493,017 (-50.3%), from €980,780 to €487,763
of which Financial debts: -€478,671
- Reserves +€314,155
up €314,155 (+83.8%), from €374,990 to €689,145
of which Tax-exempt reserves: +€409,223
- Revaluation surpluses -€188,257
down €188,257 (-40.8%), from €461,430 to €273,173
- Provisions +€136,408
up €136,408 (+196%), from €69,476 to €205,883
- Profit (loss) carried forward +€78,608
up €78,608, from -€78,608 to €0
- Gross operating margin +€549,717
up €549,717 (+642%), from €85,626 to €635,343
- Taxes -€15,294
down €15,294 (-100%), from €15,294 to €0
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 | €1,934,889 | €1,727,123 | -€207,766 | -10.7% |
| Fixed assets | 21/28 | €1,493,496 | €1,680,372 | +€186,876 | +12.5% |
| Tangible fixed assets | 22/27 | €1,493,496 | €1,680,372 | +€186,876 | +12.5% |
| Land and buildings | 22 | €1,493,496 | €1,680,372 | +€186,876 | +12.5% |
| Current assets | 29/58 | €441,392 | €46,751 | -€394,642 | -89.4% |
| Amounts receivable within one year | 40/41 | €142,671 | €296 | -€142,375 | -99.8% |
| Other amounts receivable | 41 | €142,671 | €296 | -€142,375 | -99.8% |
| Cash at bank and in hand | 54/58 | €298,722 | €46,455 | -€252,267 | -84.4% |
| Total equity and liabilities | 10/49 | €1,934,889 | €1,727,123 | -€207,766 | -10.7% |
| Equity | 10/15 | €819,812 | €1,024,318 | +€204,506 | +24.9% |
| 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% |
| Revaluation surpluses | 12 | €461,430 | €273,173 | -€188,257 | -40.8% |
| Reserves | 13 | €374,990 | €689,145 | +€314,155 | +83.8% |
| Non-distributable reserves | 130/1 | €2,701 | €2,701 | = | 0.0% |
| Legal reserve | 130 | €2,701 | €2,701 | = | 0.0% |
| Tax-exempt reserves | 132 | €208,428 | €617,650 | +€409,223 | +196% |
| Distributable reserves | 133 | €163,861 | €68,794 | -€95,068 | -58.0% |
| Profit (loss) carried forward | 14 | -€78,608 | €0 | +€78,608 | |
| Provisions and deferred taxes | 16 | €69,476 | €205,883 | +€136,408 | +196% |
| Deferred taxes | 168 | €69,476 | €205,883 | +€136,408 | +196% |
| Amounts payable | 17/49 | €1,045,601 | €496,921 | -€548,679 | -52.5% |
| Amounts payable after more than one year | 17 | €980,780 | €487,763 | -€493,017 | -50.3% |
| Financial debts | 170/4 | €478,671 | €0 | -€478,671 | -100% |
| Other amounts payable | 178/9 | €502,108 | €487,763 | -€14,345 | -2.9% |
| Amounts payable within one year | 42/48 | €64,821 | €9,159 | -€55,662 | -85.9% |
| Current portion of amounts payable after more than one year | 42 | €40,145 | €0 | -€40,145 | -100% |
| Trade debts | 44 | €7,629 | €7,946 | +€317 | +4.2% |
| Suppliers | 440/4 | €7,629 | €7,946 | +€317 | +4.2% |
| Advances received on contracts in progress | 46 | €1,753 | €0 | -€1,753 | -100% |
| Taxes, remuneration and social security | 45 | €15,294 | €0 | -€15,294 | -100% |
| Taxes | 450/3 | €15,294 | €0 | -€15,294 | -100% |
| Other amounts payable | 47/48 | - | €1,213 | +€1,213 | |
| Non-recurring operating income | 76A | - | €579,881 | +€579,881 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,315 | €127,154 | +€4,839 | +4.0% |
| Other operating charges | 640/8 | €18,777 | €13,683 | -€5,094 | -27.1% |
| Gross operating margin | 9900 | €85,626 | €635,343 | +€549,717 | +642% |
| Operating profit (loss) | 9901 | -€55,467 | €494,506 | +€549,972 | |
| Financial income | 75/76B | €492 | €0 | -€492 | -100% |
| Recurring financial income | 75 | €492 | €0 | -€492 | -100% |
| Financial charges | 65/66B | €12,438 | €7,631 | -€4,808 | -38.7% |
| Recurring financial charges | 65 | €12,438 | €7,631 | -€4,808 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€67,413 | €486,875 | +€554,288 | |
| Transfer from deferred taxes | 780 | €27,198 | €3,896 | -€23,302 | -85.7% |
| Transfer to deferred taxes | 680 | - | €140,303 | +€140,303 | |
| Income taxes | 67/77 | €15,294 | €0 | -€15,294 | -100% |
| Profit (loss) for the period | 9904 | -€55,509 | €350,468 | +€405,977 | |
| Transfer from tax-exempt reserves | 789 | €45,283 | €11,687 | -€33,596 | -74.2% |
| Transfer to tax-exempt reserves | 689 | - | €420,910 | +€420,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,226 | -€58,755 | -€48,529 | -475% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.