IMMO MARGIO: 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 MARGIO
Largest movements
- Tangible fixed assets -€32,600
down €32,600 (-10.9%), from €299,808 to €267,208
of which Land and buildings: -€26,435
- Financial fixed assets +€28,500
up €28,500 (+56.8%), from €50,200 to €78,700
- Receivables after one year +€23,408
new in 2025: €23,408
- Receivables within one year +€18,538
up €18,538 (+22.0%), from €84,425 to €102,963
of which Trade receivables: +€17,691
- Cash -€5,909
down €5,909 (-77.0%), from €7,679 to €1,770
mainly Investment in fixed assets (net) (-€28,500) and Receivables after one year (-€23,408)
- Profit (loss) carried forward +€60,630
up €60,630 (+31.7%), from -€191,086 to -€130,456
- Debts after one year -€14,031
down €14,031 (-2.6%), from €535,125 to €521,094
of which Financial debts: -€45,825
- Trade debts -€11,683
down €11,683 (-91.0%), from €12,838 to €1,155
- Staff costs -€19,617
down €19,617 (-54.6%), from €35,935 to €16,317
- Gross operating margin +€12,747
up €12,747 (+12.4%), from €102,719 to €115,465
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 | €447,533 | €477,047 | +€29,515 | +6.6% |
| Fixed assets | 21/28 | €350,008 | €345,908 | -€4,100 | -1.2% |
| Tangible fixed assets | 22/27 | €299,808 | €267,208 | -€32,600 | -10.9% |
| Land and buildings | 22 | €281,399 | €254,964 | -€26,435 | -9.4% |
| Plant, machinery and equipment | 23 | €6,686 | €4,457 | -€2,229 | -33.3% |
| Furniture and vehicles | 24 | €11,723 | €7,787 | -€3,936 | -33.6% |
| Financial fixed assets | 28 | €50,200 | €78,700 | +€28,500 | +56.8% |
| Current assets | 29/58 | €97,525 | €131,140 | +€33,615 | +34.5% |
| Amounts receivable after more than one year | 29 | - | €23,408 | +€23,408 | |
| Trade receivables | 290 | - | €23,408 | +€23,408 | |
| Amounts receivable within one year | 40/41 | €84,425 | €102,963 | +€18,538 | +22.0% |
| Trade receivables | 40 | €83,321 | €101,012 | +€17,691 | +21.2% |
| Other amounts receivable | 41 | €1,104 | €1,952 | +€848 | +76.8% |
| Cash at bank and in hand | 54/58 | €7,679 | €1,770 | -€5,909 | -77.0% |
| Deferred charges and accrued income | 490/1 | €5,421 | €2,999 | -€2,422 | -44.7% |
| Total equity and liabilities | 10/49 | €447,533 | €477,047 | +€29,515 | +6.6% |
| Equity | 10/15 | -€161,086 | -€100,456 | +€60,630 | +37.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€191,086 | -€130,456 | +€60,630 | +31.7% |
| Amounts payable | 17/49 | €608,619 | €577,503 | -€31,116 | -5.1% |
| Amounts payable after more than one year | 17 | €535,125 | €521,094 | -€14,031 | -2.6% |
| Financial debts | 170/4 | €144,125 | €98,300 | -€45,825 | -31.8% |
| Other amounts payable | 178/9 | €391,000 | €422,794 | +€31,794 | +8.1% |
| Amounts payable within one year | 42/48 | €72,514 | €56,410 | -€16,104 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €48,621 | €45,825 | -€2,795 | -5.7% |
| Trade debts | 44 | €12,838 | €1,155 | -€11,683 | -91.0% |
| Suppliers | 440/4 | €12,838 | €1,155 | -€11,683 | -91.0% |
| Taxes, remuneration and social security | 45 | €11,055 | €9,429 | -€1,626 | -14.7% |
| Taxes | 450/3 | €6,515 | €9,153 | +€2,639 | +40.5% |
| Remuneration and social security | 454/9 | €4,540 | €275 | -€4,265 | -93.9% |
| Accrued charges and deferred income | 492/3 | €980 | - | -€980 | |
| Remuneration, social security and pensions | 62 | €35,935 | €16,317 | -€19,617 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,702 | €32,600 | -€102 | -0.3% |
| Other operating charges | 640/8 | €2,305 | €2,372 | +€67 | +2.9% |
| Gross operating margin | 9900 | €102,719 | €115,465 | +€12,747 | +12.4% |
| Operating profit (loss) | 9901 | €31,777 | €64,176 | +€32,399 | +102.0% |
| Financial income | 75/76B | - | €381 | +€381 | |
| Recurring financial income | 75 | - | €381 | +€381 | |
| Financial charges | 65/66B | €4,053 | €3,786 | -€267 | -6.6% |
| Recurring financial charges | 65 | €4,053 | €3,786 | -€267 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €27,724 | €60,771 | +€33,047 | +119.2% |
| Income taxes | 67/77 | €128 | €141 | +€13 | +10.1% |
| Profit (loss) for the period | 9904 | €27,596 | €60,630 | +€33,034 | +119.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,596 | €60,630 | +€33,034 | +119.7% |
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 6 October 2026 via checked.be.