IMMO MARGRIET: 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 MARGRIET
Largest movements
- Cash +€105,235
up €105,235 (+39.7%), from €264,861 to €370,096
mainly Advances received (+€102,526) and Net result for the year (+€50,404)
- Receivables within one year -€23,341
down €23,341 (-55.1%), from €42,354 to €19,014
of which Other amounts receivable: -€12,726
- Tangible fixed assets -€13,096
down €13,096 (-21.1%), from €62,059 to €48,963
of which Leasing and similar rights: -€8,461
- Advances received +€102,526
up €102,526 (+252.4%), from €40,623 to €143,148
- Reserves -€22,570
down €22,570 (-11.6%), from €194,528 to €171,958
- Debts after one year -€19,592
down €19,592 (-56.0%), from €35,008 to €15,416
- Other debts +€6,386
up €6,386 (+20.1%), from €31,768 to €38,153
- Tax, wage and social debts +€5,242
up €5,242 (+26.8%), from €19,530 to €24,772
of which Taxes: +€3,402
- Gross operating margin +€2,123
up €2,123 (+2.1%), from €100,377 to €102,500
- Depreciation +€1,534
up €1,534 (+7.3%), from €20,985 to €22,519
- Other operating charges +€1,261
up €1,261 (+58.1%), from €2,170 to €3,431
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 | €370,228 | €438,949 | +€68,722 | +18.6% |
| Fixed assets | 21/28 | €62,059 | €48,963 | -€13,096 | -21.1% |
| Tangible fixed assets | 22/27 | €62,059 | €48,963 | -€13,096 | -21.1% |
| Land and buildings | 22 | €16,381 | €10,424 | -€5,957 | -36.4% |
| Plant, machinery and equipment | 23 | €15,183 | €18,985 | +€3,801 | +25.0% |
| Furniture and vehicles | 24 | €4,902 | €2,422 | -€2,480 | -50.6% |
| Leasing and similar rights | 25 | €25,593 | €17,131 | -€8,461 | -33.1% |
| Current assets | 29/58 | €308,168 | €389,986 | +€81,818 | +26.5% |
| Amounts receivable within one year | 40/41 | €42,354 | €19,014 | -€23,341 | -55.1% |
| Trade receivables | 40 | €12,088 | €1,473 | -€10,615 | -87.8% |
| Other amounts receivable | 41 | €30,266 | €17,541 | -€12,726 | -42.0% |
| Cash at bank and in hand | 54/58 | €264,861 | €370,096 | +€105,235 | +39.7% |
| Deferred charges and accrued income | 490/1 | €953 | €877 | -€76 | -8.0% |
| Total equity and liabilities | 10/49 | €370,228 | €438,949 | +€68,722 | +18.6% |
| Equity | 10/15 | €195,528 | €172,958 | -€22,570 | -11.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €194,528 | €171,958 | -€22,570 | -11.6% |
| Distributable reserves | 133 | €194,528 | €171,958 | -€22,570 | -11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €174,700 | €265,991 | +€91,291 | +52.3% |
| Amounts payable after more than one year | 17 | €35,008 | €15,416 | -€19,592 | -56.0% |
| Financial debts | 170/4 | €35,008 | €15,416 | -€19,592 | -56.0% |
| Amounts payable within one year | 42/48 | €139,692 | €250,575 | +€110,883 | +79.4% |
| Current portion of amounts payable after more than one year | 42 | €19,072 | €19,592 | +€520 | +2.7% |
| Financial debts | 43 | €22,012 | €17,139 | -€4,873 | -22.1% |
| Other loans | 439 | €22,012 | €17,139 | -€4,873 | -22.1% |
| Trade debts | 44 | €6,688 | €7,771 | +€1,083 | +16.2% |
| Suppliers | 440/4 | €6,688 | €7,771 | +€1,083 | +16.2% |
| Advances received on contracts in progress | 46 | €40,623 | €143,148 | +€102,526 | +252.4% |
| Taxes, remuneration and social security | 45 | €19,530 | €24,772 | +€5,242 | +26.8% |
| Taxes | 450/3 | €19,530 | €22,932 | +€3,402 | +17.4% |
| Remuneration and social security | 454/9 | - | €1,840 | +€1,840 | |
| Other amounts payable | 47/48 | €31,768 | €38,153 | +€6,386 | +20.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,985 | €22,519 | +€1,534 | +7.3% |
| Other operating charges | 640/8 | €2,170 | €3,431 | +€1,261 | +58.1% |
| Gross operating margin | 9900 | €100,377 | €102,500 | +€2,123 | +2.1% |
| Operating profit (loss) | 9901 | €77,222 | €76,550 | -€673 | -0.9% |
| Financial income | 75/76B | €674 | €476 | -€198 | -29.4% |
| Recurring financial income | 75 | €674 | €476 | -€198 | -29.4% |
| Financial charges | 65/66B | €2,193 | €1,754 | -€438 | -20.0% |
| Recurring financial charges | 65 | €2,193 | €1,754 | -€438 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €75,704 | €75,272 | -€432 | -0.6% |
| Income taxes | 67/77 | €25,638 | €24,867 | -€770 | -3.0% |
| Profit (loss) for the period | 9904 | €50,066 | €50,404 | +€338 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €50,066 | €50,404 | +€338 | +0.7% |
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 8 October 2026 via checked.be.