IMMO MARIANO: 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 MARIANO
Largest movements
- Cash -€11,870
down €11,870 (-22.2%), from €53,456 to €41,586
mainly Other debts (-€28,571) and Deferred charges and accrued income (-€2,283)
- Tangible fixed assets -€3,900
down €3,900 (-9.5%), from €41,056 to €37,156
- Deferred charges and accrued income +€2,283
up €2,283 (+17.8%), from €12,829 to €15,113
- Other debts -€28,571
no longer reported in 2025 (was €28,571)
- Reserves +€15,044
up €15,044 (+103%), from €14,656 to €29,700
of which Distributable reserves: +€11,833
- Other operating charges -€1,311
down €1,311 (-34.7%), from €3,778 to €2,466
- Taxes +€509
up €509 (+9.9%), from €5,126 to €5,635
- Gross operating margin +€421
up €421 (+1.7%), from €24,448 to €24,868
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 | €153,336 | €139,850 | -€13,486 | -8.8% |
| Fixed assets | 21/28 | €41,056 | €37,156 | -€3,900 | -9.5% |
| Tangible fixed assets | 22/27 | €41,056 | €37,156 | -€3,900 | -9.5% |
| Land and buildings | 22 | €41,056 | €37,156 | -€3,900 | -9.5% |
| Current assets | 29/58 | €112,280 | €102,694 | -€9,586 | -8.5% |
| Amounts receivable within one year | 40/41 | €45,995 | €45,995 | +€0 | 0.0% |
| Other amounts receivable | 41 | €45,995 | €45,995 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €53,456 | €41,586 | -€11,870 | -22.2% |
| Deferred charges and accrued income | 490/1 | €12,829 | €15,113 | +€2,283 | +17.8% |
| Total equity and liabilities | 10/49 | €153,336 | €139,850 | -€13,486 | -8.8% |
| Equity | 10/15 | €118,771 | €133,815 | +€15,044 | +12.7% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Reserves | 13 | €14,656 | €29,700 | +€15,044 | +103% |
| Non-distributable reserves | 130/1 | €7,200 | €10,411 | +€3,211 | +44.6% |
| Legal reserve | 130 | €7,200 | €10,411 | +€3,211 | +44.6% |
| Distributable reserves | 133 | €7,456 | €19,289 | +€11,833 | +159% |
| Amounts payable | 17/49 | €34,565 | €6,035 | -€28,530 | -82.5% |
| Amounts payable within one year | 42/48 | €33,697 | €5,635 | -€28,062 | -83.3% |
| Taxes, remuneration and social security | 45 | €5,126 | €5,635 | +€509 | +9.9% |
| Taxes | 450/3 | €5,126 | €5,635 | +€509 | +9.9% |
| Other amounts payable | 47/48 | €28,571 | - | -€28,571 | |
| Accrued charges and deferred income | 492/3 | €867 | €400 | -€467 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,900 | €3,900 | = | 0.0% |
| Other operating charges | 640/8 | €3,778 | €2,466 | -€1,311 | -34.7% |
| Gross operating margin | 9900 | €24,448 | €24,868 | +€421 | +1.7% |
| Operating profit (loss) | 9901 | €16,770 | €18,502 | +€1,732 | +10.3% |
| Financial income | 75/76B | €2,530 | €2,283 | -€246 | -9.7% |
| Recurring financial income | 75 | €2,530 | €2,283 | -€246 | -9.7% |
| Financial charges | 65/66B | €93 | €107 | +€14 | +15.4% |
| Recurring financial charges | 65 | €93 | €107 | +€14 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €19,207 | €20,679 | +€1,472 | +7.7% |
| Income taxes | 67/77 | €5,126 | €5,635 | +€509 | +9.9% |
| Profit (loss) for the period | 9904 | €14,081 | €15,044 | +€962 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,081 | €15,044 | +€962 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.