IMMO MARC: 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 MARC
Largest movements
- Cash +€59,624
up €59,624 (+10.0%), from €594,233 to €653,857
mainly Depreciation (+€39,425) and Net result for the year (+€32,680)
- Receivables within one year -€18,475
down €18,475 (-6.2%), from €297,095 to €278,620
of which Trade receivables: -€18,459
- Reserves +€32,680
up €32,680 (+13.7%), from €239,070 to €271,749
of which Distributable reserves: +€32,680
- Gross operating margin +€41,812
up €41,812 (+95.3%), from €43,879 to €85,691
- Taxes +€12,148
up €12,148 (+460%), from €2,639 to €14,787
- Depreciation +€1,078
up €1,078 (+2.8%), from €38,347 to €39,425
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 | €1,399,395 | €1,432,449 | +€33,055 | +2.4% |
| Fixed assets | 21/28 | €488,461 | €477,768 | -€10,693 | -2.2% |
| Tangible fixed assets | 22/27 | €488,461 | €477,768 | -€10,693 | -2.2% |
| Land and buildings | 22 | €438,641 | €421,375 | -€17,267 | -3.9% |
| Plant, machinery and equipment | 23 | €1,538 | €166 | -€1,372 | -89.2% |
| Furniture and vehicles | 24 | €48,282 | €56,228 | +€7,946 | +16.5% |
| Current assets | 29/58 | €910,934 | €954,681 | +€43,748 | +4.8% |
| Amounts receivable within one year | 40/41 | €297,095 | €278,620 | -€18,475 | -6.2% |
| Trade receivables | 40 | €47,079 | €28,620 | -€18,459 | -39.2% |
| Other amounts receivable | 41 | €250,016 | €250,000 | -€16 | 0.0% |
| Cash at bank and in hand | 54/58 | €594,233 | €653,857 | +€59,624 | +10.0% |
| Deferred charges and accrued income | 490/1 | €19,605 | €22,204 | +€2,599 | +13.3% |
| Total equity and liabilities | 10/49 | €1,399,395 | €1,432,449 | +€33,055 | +2.4% |
| Equity | 10/15 | €1,042,497 | €1,075,177 | +€32,680 | +3.1% |
| Contributions | 10/11 | €802,000 | €802,000 | = | 0.0% |
| Reserves | 13 | €239,070 | €271,749 | +€32,680 | +13.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €220,320 | €252,999 | +€32,680 | +14.8% |
| Profit (loss) carried forward | 14 | €1,428 | €1,428 | = | 0.0% |
| Amounts payable | 17/49 | €356,897 | €357,272 | +€375 | +0.1% |
| Amounts payable within one year | 42/48 | €356,897 | €357,272 | +€375 | +0.1% |
| Trade debts | 44 | €14,652 | €11,935 | -€2,717 | -18.5% |
| Suppliers | 440/4 | €14,652 | €11,935 | -€2,717 | -18.5% |
| Taxes, remuneration and social security | 45 | €21,534 | €30,486 | +€8,952 | +41.6% |
| Taxes | 450/3 | €21,534 | €30,486 | +€8,952 | +41.6% |
| Other amounts payable | 47/48 | €320,711 | €314,852 | -€5,859 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,347 | €39,425 | +€1,078 | +2.8% |
| Other operating charges | 640/8 | €4,578 | €4,894 | +€316 | +6.9% |
| Gross operating margin | 9900 | €43,879 | €85,691 | +€41,812 | +95.3% |
| Operating profit (loss) | 9901 | €954 | €41,372 | +€40,418 | +4,237% |
| Financial income | 75/76B | €6,093 | €6,669 | +€577 | +9.5% |
| Recurring financial income | 75 | €6,093 | €6,669 | +€577 | +9.5% |
| Financial charges | 65/66B | €375 | €574 | +€199 | +53.0% |
| Recurring financial charges | 65 | €375 | €574 | +€199 | +53.0% |
| Profit (loss) for the period before taxes | 9903 | €6,671 | €47,467 | +€40,795 | +612% |
| Income taxes | 67/77 | €2,639 | €14,787 | +€12,148 | +460% |
| Profit (loss) for the period | 9904 | €4,032 | €32,680 | +€28,648 | +711% |
| Profit (loss) for the period to be appropriated | 9905 | €4,032 | €32,680 | +€28,648 | +711% |
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 14 October 2026 via checked.be.