Immo Ma-Ja: 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 Ma-Ja
Largest movements
- Current investments -€43,500
down €43,500 (-100.0%), from €43,500 to €0
- Cash +€21,823
up €21,823 (+404.8%), from €5,392 to €27,215
mainly Current investments (+€43,500) and Depreciation (+€12,270)
- Tangible fixed assets -€12,270
down €12,270 (-6.6%), from €185,413 to €173,143
- Other debts -€43,875
down €43,875 (-29.3%), from €150,000 to €106,125
- Reserves +€12,251
up €12,251 (+30.0%), from €40,772 to €53,023
- Financial charges -€3,136
down €3,136 (-25.8%), from €12,135 to €8,999
- Gross operating margin +€1,606
up €1,606 (+4.2%), from €37,960 to €39,566
- Financial income +€1,362
new in 2025: €1,362
- Taxes +€928
up €928 (+24.0%), from €3,868 to €4,797
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 | €239,666 | €208,102 | -€31,564 | -13.2% |
| Fixed assets | 21/28 | €185,413 | €173,143 | -€12,270 | -6.6% |
| Tangible fixed assets | 22/27 | €185,413 | €173,143 | -€12,270 | -6.6% |
| Land and buildings | 22 | €185,413 | €173,143 | -€12,270 | -6.6% |
| Current assets | 29/58 | €54,252 | €34,959 | -€19,294 | -35.6% |
| Amounts receivable within one year | 40/41 | €5,361 | €7,744 | +€2,383 | +44.5% |
| Other amounts receivable | 41 | €5,361 | €7,744 | +€2,383 | +44.5% |
| Current investments | 50/53 | €43,500 | €0 | -€43,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €5,392 | €27,215 | +€21,823 | +404.8% |
| Total equity and liabilities | 10/49 | €239,666 | €208,102 | -€31,564 | -13.2% |
| Equity | 10/15 | €80,772 | €93,023 | +€12,251 | +15.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €40,772 | €53,023 | +€12,251 | +30.0% |
| Distributable reserves | 133 | €40,772 | €53,023 | +€12,251 | +30.0% |
| Amounts payable | 17/49 | €158,894 | €115,079 | -€43,814 | -27.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €150,144 | €106,125 | -€44,019 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €144 | €0 | -€144 | -100.0% |
| Suppliers | 440/4 | €144 | €0 | -€144 | -100.0% |
| Other amounts payable | 47/48 | €150,000 | €106,125 | -€43,875 | -29.3% |
| Accrued charges and deferred income | 492/3 | €8,750 | €8,954 | +€204 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,270 | €12,270 | = | 0.0% |
| Other operating charges | 640/8 | €2,537 | €2,611 | +€74 | +2.9% |
| Gross operating margin | 9900 | €37,960 | €39,566 | +€1,606 | +4.2% |
| Operating profit (loss) | 9901 | €23,153 | €24,685 | +€1,532 | +6.6% |
| Financial income | 75/76B | - | €1,362 | +€1,362 | |
| Recurring financial income | 75 | - | €1,362 | +€1,362 | |
| Financial charges | 65/66B | €12,135 | €8,999 | -€3,136 | -25.8% |
| Recurring financial charges | 65 | €12,135 | €8,999 | -€3,136 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €11,018 | €17,047 | +€6,030 | +54.7% |
| Income taxes | 67/77 | €3,868 | €4,797 | +€928 | +24.0% |
| Profit (loss) for the period | 9904 | €7,149 | €12,251 | +€5,101 | +71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,149 | €12,251 | +€5,101 | +71.4% |
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.