IMMO-MAR: 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-MAR
Largest movements
- Stocks and contracts -€727,615
down €727,615 (-98.4%), from €739,472 to €11,857
- Tangible fixed assets +€447,316
new in 2025: €447,316
- Other debts -€324,516
down €324,516 (-62.3%), from €520,907 to €196,391
- Profit (loss) carried forward +€48,101
up €48,101, from -€9,934 to €38,167
- Trade debts -€44,150
down €44,150 (-79.6%), from €55,445 to €11,295
- Tax, wage and social debts +€39,599
up €39,599 (+100.4%), from €39,430 to €79,029
- Gross operating margin +€126,778
up €126,778, from -€55,479 to €71,299
- Depreciation +€7,117
new in 2025: €7,117
- Write-downs +€4,153
new in 2025: €4,153
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 | €759,872 | €480,071 | -€279,801 | -36.8% |
| Fixed assets | 21/28 | - | €447,316 | +€447,316 | |
| Tangible fixed assets | 22/27 | - | €447,316 | +€447,316 | |
| Land and buildings | 22 | - | €447,316 | +€447,316 | |
| Current assets | 29/58 | €759,872 | €32,755 | -€727,117 | -95.7% |
| Stocks and contracts in progress | 3 | €739,472 | €11,857 | -€727,615 | -98.4% |
| Stocks | 30/36 | €739,472 | €11,857 | -€727,615 | -98.4% |
| Amounts receivable within one year | 40/41 | €17,825 | €11,832 | -€5,993 | -33.6% |
| Trade receivables | 40 | €17,825 | €10,323 | -€7,502 | -42.1% |
| Other amounts receivable | 41 | - | €1,508 | +€1,508 | |
| Cash at bank and in hand | 54/58 | €2,575 | €9,067 | +€6,491 | +252.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €759,872 | €480,071 | -€279,801 | -36.8% |
| Equity | 10/15 | €144,055 | €192,156 | +€48,101 | +33.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €3,989 | €3,989 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,989 | €3,989 | = | 0.0% |
| Legal reserve | 130 | €3,989 | €3,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,934 | €38,167 | +€48,101 | |
| Amounts payable | 17/49 | €615,817 | €287,915 | -€327,902 | -53.2% |
| Amounts payable within one year | 42/48 | €615,782 | €286,715 | -€329,067 | -53.4% |
| Trade debts | 44 | €55,445 | €11,295 | -€44,150 | -79.6% |
| Suppliers | 440/4 | €55,445 | €11,295 | -€44,150 | -79.6% |
| Taxes, remuneration and social security | 45 | €39,430 | €79,029 | +€39,599 | +100.4% |
| Taxes | 450/3 | €39,430 | €79,029 | +€39,599 | +100.4% |
| Other amounts payable | 47/48 | €520,907 | €196,391 | -€324,516 | -62.3% |
| Accrued charges and deferred income | 492/3 | €35 | €1,200 | +€1,165 | +3313.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,117 | +€7,117 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,153 | +€4,153 | |
| Other operating charges | 640/8 | €1,130 | €1,515 | +€386 | +34.1% |
| Non-recurring operating charges | 66A | - | €1,509 | +€1,509 | |
| Gross operating margin | 9900 | -€55,479 | €71,299 | +€126,778 | |
| Operating profit (loss) | 9901 | -€56,608 | €57,005 | +€113,613 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €9,218 | €8,904 | -€314 | -3.4% |
| Recurring financial charges | 65 | €9,218 | €8,904 | -€314 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | -€65,827 | €48,101 | +€113,927 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€65,827 | €48,101 | +€113,927 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,827 | €48,101 | +€113,927 |
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 9 October 2026 via checked.be.