IMMO MAGO: what changed
Two fiscal 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 MAGO
Largest movements
- Tangible fixed assets -€21,138
down €21,138 (-3.6%), from €581,665 to €560,527
of which Land and buildings: -€20,043
- Cash -€13,344
down €13,344 (-62.8%), from €21,255 to €7,910
mainly Debts after one year (-€35,430) and Net result for the year (-€7,838)
- Debts after one year -€35,430
down €35,430 (-14.5%), from €244,571 to €209,141
- Accrued charges and deferred income +€8,233
up €8,233 (+25.3%), from €32,489 to €40,722
- Profit (loss) carried forward -€7,838
down €7,838 (-8.5%), from -€92,309 to -€100,147
- Gross operating margin +€1,883
up €1,883 (+7.5%), from €25,207 to €27,090
- Financial charges -€1,446
down €1,446 (-13.4%), from €10,764 to €9,318
- Depreciation -€482
down €482 (-2.2%), from €21,620 to €21,138
- Other operating charges -€453
down €453 (-9.5%), from €4,749 to €4,296
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 | €608,555 | €573,899 | -€34,656 | -5.7% |
| Fixed assets | 21/28 | €581,665 | €560,527 | -€21,138 | -3.6% |
| Tangible fixed assets | 22/27 | €581,665 | €560,527 | -€21,138 | -3.6% |
| Land and buildings | 22 | €577,854 | €557,810 | -€20,043 | -3.5% |
| Plant, machinery and equipment | 23 | €3,316 | €2,716 | -€600 | -18.1% |
| Furniture and vehicles | 24 | €495 | €0 | -€495 | -100.0% |
| Current assets | 29/58 | €26,890 | €13,373 | -€13,517 | -50.3% |
| Amounts receivable within one year | 40/41 | €687 | €514 | -€173 | -25.2% |
| Trade receivables | 40 | €0 | €482 | +€482 | |
| Other amounts receivable | 41 | €687 | €32 | -€655 | -95.3% |
| Current investments | 50/53 | €4,948 | €4,948 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,255 | €7,910 | -€13,344 | -62.8% |
| Total equity and liabilities | 10/49 | €608,555 | €573,899 | -€34,656 | -5.7% |
| Equity | 10/15 | €330,252 | €322,414 | -€7,838 | -2.4% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €147,561 | €147,561 | = | 0.0% |
| Distributable reserves | 133 | €147,561 | €147,561 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,309 | -€100,147 | -€7,838 | -8.5% |
| Amounts payable | 17/49 | €278,303 | €251,486 | -€26,818 | -9.6% |
| Amounts payable after more than one year | 17 | €244,571 | €209,141 | -€35,430 | -14.5% |
| Financial debts | 170/4 | €244,571 | €209,141 | -€35,430 | -14.5% |
| Amounts payable within one year | 42/48 | €1,243 | €1,622 | +€379 | +30.5% |
| Trade debts | 44 | €48 | €1,446 | +€1,398 | +2887.9% |
| Suppliers | 440/4 | €48 | €1,446 | +€1,398 | +2887.9% |
| Taxes, remuneration and social security | 45 | €1,195 | €176 | -€1,019 | -85.3% |
| Taxes | 450/3 | €1,195 | €176 | -€1,019 | -85.3% |
| Accrued charges and deferred income | 492/3 | €32,489 | €40,722 | +€8,233 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,620 | €21,138 | -€482 | -2.2% |
| Other operating charges | 640/8 | €4,749 | €4,296 | -€453 | -9.5% |
| Gross operating margin | 9900 | €25,207 | €27,090 | +€1,883 | +7.5% |
| Operating profit (loss) | 9901 | -€1,161 | €1,656 | +€2,817 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,764 | €9,318 | -€1,446 | -13.4% |
| Recurring financial charges | 65 | €10,764 | €9,318 | -€1,446 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,925 | -€7,662 | +€4,263 | +35.7% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€12,099 | -€7,838 | +€4,261 | +35.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,099 | -€7,838 | +€4,261 | +35.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.