Immo MANASCK: 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 MANASCK
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+156%), from €721,932 to €1.8m
of which Land and buildings: +€1.1m
- Debts after one year +€702,289
up €702,289 (+196%), from €357,645 to €1.1m
of which Financial debts: +€702,289
- Other debts +€389,734
up €389,734 (+422%), from €92,419 to €482,153
- Current portion of long-term debt +€37,413
up €37,413 (+108%), from €34,620 to €72,033
- Financial charges +€16,745
up €16,745 (+258%), from €6,479 to €23,224
- Depreciation +€10,064
up €10,064 (+45.1%), from €22,319 to €32,384
- Taxes -€6,382
down €6,382 (-86.5%), from €7,378 to €996
- Other operating charges +€2,870
up €2,870 (+44.9%), from €6,387 to €9,257
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 | €741,110 | €1,882,420 | +€1.1m | +154% |
| Fixed assets | 21/28 | €723,132 | €1,847,639 | +€1.1m | +156% |
| Tangible fixed assets | 22/27 | €721,932 | €1,846,439 | +€1.1m | +156% |
| Land and buildings | 22 | €720,256 | €1,820,940 | +€1.1m | +153% |
| Furniture and vehicles | 24 | €1,675 | €1,008 | -€668 | -39.9% |
| Other tangible fixed assets | 26 | - | €24,491 | +€24,491 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €17,978 | €34,782 | +€16,804 | +93.5% |
| Amounts receivable within one year | 40/41 | €14,641 | €31,120 | +€16,479 | +113% |
| Trade receivables | 40 | €5,130 | - | -€5,130 | |
| Other amounts receivable | 41 | €9,511 | €31,120 | +€21,609 | +227% |
| Cash at bank and in hand | 54/58 | €1,665 | €1,558 | -€107 | -6.4% |
| Deferred charges and accrued income | 490/1 | €1,672 | €2,104 | +€432 | +25.8% |
| Total equity and liabilities | 10/49 | €741,110 | €1,882,420 | +€1.1m | +154% |
| Equity | 10/15 | €234,402 | €233,519 | -€884 | -0.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,402 | €33,519 | -€884 | -2.6% |
| Amounts payable | 17/49 | €506,707 | €1,648,902 | +€1.1m | +225% |
| Amounts payable after more than one year | 17 | €357,645 | €1,059,933 | +€702,289 | +196% |
| Financial debts | 170/4 | €354,795 | €1,057,083 | +€702,289 | +198% |
| Other amounts payable | 178/9 | €2,850 | €2,850 | = | 0.0% |
| Amounts payable within one year | 42/48 | €149,063 | €587,862 | +€438,799 | +294% |
| Current portion of amounts payable after more than one year | 42 | €34,620 | €72,033 | +€37,413 | +108% |
| Financial debts | 43 | - | €7,064 | +€7,064 | |
| Credit institutions | 430/8 | - | €7,064 | +€7,064 | |
| Trade debts | 44 | €927 | €5,523 | +€4,596 | +496% |
| Suppliers | 440/4 | €927 | €5,523 | +€4,596 | +496% |
| Taxes, remuneration and social security | 45 | €21,097 | €21,089 | -€8 | 0.0% |
| Taxes | 450/3 | €13,697 | €13,689 | -€8 | -0.1% |
| Remuneration and social security | 454/9 | €7,400 | €7,400 | = | 0.0% |
| Other amounts payable | 47/48 | €92,419 | €482,153 | +€389,734 | +422% |
| Accrued charges and deferred income | 492/3 | - | €1,107 | +€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,319 | €32,384 | +€10,064 | +45.1% |
| Other operating charges | 640/8 | €6,387 | €9,257 | +€2,870 | +44.9% |
| Gross operating margin | 9900 | €65,077 | €64,976 | -€100 | -0.2% |
| Operating profit (loss) | 9901 | €36,370 | €23,336 | -€13,035 | -35.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,479 | €23,224 | +€16,745 | +258% |
| Recurring financial charges | 65 | €6,479 | €23,224 | +€16,745 | +258% |
| Profit (loss) for the period before taxes | 9903 | €29,892 | €112 | -€29,780 | -99.6% |
| Income taxes | 67/77 | €7,378 | €996 | -€6,382 | -86.5% |
| Profit (loss) for the period | 9904 | €22,514 | -€884 | -€23,398 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,514 | -€884 | -€23,398 |
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 16 October 2026 via checked.be.