Immo - Maréchal: 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 - Maréchal
Largest movements
- Current investments -€144,597
down €144,597 (-99.9%), from €144,685 to €88
- Receivables within one year +€82,179
up €82,179 (+28494.0%), from €288 to €82,468
of which Other amounts receivable: +€82,288
- Cash +€51,511
up €51,511 (+112.5%), from €45,794 to €97,305
mainly Current investments (+€144,597) and Trade debts (+€16,646)
- Tangible fixed assets +€18,001
up €18,001 (+39.4%), from €45,715 to €63,716
of which Land and buildings: +€10,188
- Trade debts +€16,646
up €16,646 (+2821.4%), from €590 to €17,236
- Other debts -€6,706
no longer reported in 2025 (was €6,706)
- Profit (loss) carried forward -€3,384
down €3,384 (-2.6%), from €132,250 to €128,866
- Financial income +€1,069
up €1,069 (+436.1%), from €245 to €1,314
- Depreciation +€1,059
up €1,059 (+60.7%), from €1,744 to €2,803
- Gross operating margin -€829
down €829 (-9.0%), from €9,234 to €8,405
- Other operating charges +€655
up €655 (+7.1%), from €9,258 to €9,913
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 | €238,099 | €245,271 | +€7,172 | +3.0% |
| Fixed assets | 21/28 | €45,715 | €63,716 | +€18,001 | +39.4% |
| Tangible fixed assets | 22/27 | €45,715 | €63,716 | +€18,001 | +39.4% |
| Land and buildings | 22 | €40,208 | €50,396 | +€10,188 | +25.3% |
| Plant, machinery and equipment | 23 | €5,507 | €13,320 | +€7,813 | +141.9% |
| Current assets | 29/58 | €192,384 | €181,555 | -€10,829 | -5.6% |
| Amounts receivable within one year | 40/41 | €288 | €82,468 | +€82,179 | +28494.0% |
| Trade receivables | 40 | €109 | - | -€109 | |
| Other amounts receivable | 41 | €180 | €82,468 | +€82,288 | +45741.0% |
| Current investments | 50/53 | €144,685 | €88 | -€144,597 | -99.9% |
| Cash at bank and in hand | 54/58 | €45,794 | €97,305 | +€51,511 | +112.5% |
| Deferred charges and accrued income | 490/1 | €1,616 | €1,693 | +€78 | +4.8% |
| Total equity and liabilities | 10/49 | €238,099 | €245,271 | +€7,172 | +3.0% |
| Equity | 10/15 | €228,244 | €224,860 | -€3,384 | -1.5% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €51,373 | €51,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,462 | €4,462 | = | 0.0% |
| Distributable reserves | 133 | €46,910 | €46,910 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,250 | €128,866 | -€3,384 | -2.6% |
| Amounts payable | 17/49 | €9,855 | €20,411 | +€10,556 | +107.1% |
| Amounts payable after more than one year | 17 | - | €1,936 | +€1,936 | |
| Other amounts payable | 178/9 | - | €1,936 | +€1,936 | |
| Amounts payable within one year | 42/48 | €7,296 | €17,236 | +€9,940 | +136.2% |
| Trade debts | 44 | €590 | €17,236 | +€16,646 | +2821.4% |
| Suppliers | 440/4 | €590 | €17,236 | +€16,646 | +2821.4% |
| Other amounts payable | 47/48 | €6,706 | - | -€6,706 | |
| Accrued charges and deferred income | 492/3 | €2,559 | €1,239 | -€1,320 | -51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,744 | €2,803 | +€1,059 | +60.7% |
| Other operating charges | 640/8 | €9,258 | €9,913 | +€655 | +7.1% |
| Gross operating margin | 9900 | €9,234 | €8,405 | -€829 | -9.0% |
| Operating profit (loss) | 9901 | -€1,767 | -€4,310 | -€2,543 | -143.9% |
| Financial income | 75/76B | €245 | €1,314 | +€1,069 | +436.1% |
| Recurring financial income | 75 | €245 | €1,314 | +€1,069 | +436.1% |
| Financial charges | 65/66B | €468 | €389 | -€79 | -16.9% |
| Recurring financial charges | 65 | €468 | €389 | -€79 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,990 | -€3,384 | -€1,394 | -70.1% |
| Profit (loss) for the period | 9904 | -€1,990 | -€3,384 | -€1,394 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,990 | -€3,384 | -€1,394 | -70.1% |
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 12 October 2026 via checked.be.