IMMO-MANAGEMENT: 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-MANAGEMENT
Largest movements
- Tangible fixed assets -€20,561
down €20,561 (-3.8%), from €534,239 to €513,678
- Debts after one year -€33,292
down €33,292 (-5.4%), from €617,867 to €584,575
- Other debts +€8,846
up €8,846 (+203.7%), from €4,344 to €13,189
- Reserves -€6,832
down €6,832 (-78.6%), from €8,692 to €1,860
of which Distributable reserves: -€6,832
- Gross operating margin -€28,638
down €28,638 (-40.2%), from €71,244 to €42,606
- Financial charges -€3,324
down €3,324 (-26.7%), from €12,444 to €9,120
- Other operating charges -€2,598
down €2,598 (-26.5%), from €9,790 to €7,192
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 | €545,626 | €517,919 | -€27,707 | -5.1% |
| Fixed assets | 21/28 | €534,239 | €513,678 | -€20,561 | -3.8% |
| Tangible fixed assets | 22/27 | €534,239 | €513,678 | -€20,561 | -3.8% |
| Land and buildings | 22 | €534,239 | €513,678 | -€20,561 | -3.8% |
| Current assets | 29/58 | €11,387 | €4,241 | -€7,146 | -62.8% |
| Amounts receivable within one year | 40/41 | €4,909 | €26 | -€4,884 | -99.5% |
| Trade receivables | 40 | €4,202 | €26 | -€4,176 | -99.4% |
| Other amounts receivable | 41 | €707 | - | -€707 | |
| Cash at bank and in hand | 54/58 | €6,455 | €4,215 | -€2,239 | -34.7% |
| Deferred charges and accrued income | 490/1 | €23 | - | -€23 | |
| Total equity and liabilities | 10/49 | €545,626 | €517,919 | -€27,707 | -5.1% |
| Equity | 10/15 | -€122,484 | -€124,048 | -€1,564 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €8,692 | €1,860 | -€6,832 | -78.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €6,832 | - | -€6,832 | |
| Profit (loss) carried forward | 14 | -€149,776 | -€144,508 | +€5,268 | +3.5% |
| Amounts payable | 17/49 | €668,110 | €641,967 | -€26,143 | -3.9% |
| Amounts payable after more than one year | 17 | €617,867 | €584,575 | -€33,292 | -5.4% |
| Financial debts | 170/4 | €617,867 | €584,575 | -€33,292 | -5.4% |
| Amounts payable within one year | 42/48 | €50,240 | €57,363 | +€7,123 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €32,853 | €33,292 | +€439 | +1.3% |
| Trade debts | 44 | €11,668 | €10,179 | -€1,489 | -12.8% |
| Suppliers | 440/4 | €11,668 | €10,179 | -€1,489 | -12.8% |
| Taxes, remuneration and social security | 45 | €1,376 | €703 | -€673 | -48.9% |
| Taxes | 450/3 | €1,376 | €703 | -€673 | -48.9% |
| Other amounts payable | 47/48 | €4,344 | €13,189 | +€8,846 | +203.7% |
| Accrued charges and deferred income | 492/3 | €3 | €29 | +€26 | +1037.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,056 | €21,026 | -€31 | -0.1% |
| Other operating charges | 640/8 | €9,790 | €7,192 | -€2,598 | -26.5% |
| Gross operating margin | 9900 | €71,244 | €42,606 | -€28,638 | -40.2% |
| Operating profit (loss) | 9901 | €40,398 | €14,388 | -€26,010 | -64.4% |
| Financial income | 75/76B | €267 | - | -€267 | |
| Recurring financial income | 75 | €267 | - | -€267 | |
| Financial charges | 65/66B | €12,444 | €9,120 | -€3,324 | -26.7% |
| Recurring financial charges | 65 | €12,444 | €9,120 | -€3,324 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €28,222 | €5,268 | -€22,953 | -81.3% |
| Profit (loss) for the period | 9904 | €28,222 | €5,268 | -€22,953 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,222 | €5,268 | -€22,953 | -81.3% |
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 7 October 2026 via checked.be.