IMMO MARMA: 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 MARMA
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+173.7%), from €654,054 to €1.8m
of which Land and buildings: +€1.1m
- Cash +€54,367
up €54,367 (+99.8%), from €54,462 to €108,829
mainly Contributions, distributions and other (+€1.2m) and Net result for the year (+€62,255)
- Current investments -€20,001
no longer reported in 2025 (was €20,001)
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Reserves +€62,255
up €62,255 (+49.9%), from €124,690 to €186,945
of which Distributable reserves: +€62,255
- Other debts -€19,259
down €19,259 (-11.1%), from €172,793 to €153,534
- Financial charges -€5,103
down €5,103 (-40.5%), from €12,609 to €7,506
- Taxes +€3,268
new in 2025: €3,268
- Gross operating margin +€2,981
up €2,981 (+2.9%), from €101,712 to €104,694
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 | €730,967 | €1,898,860 | +€1.2m | +159.8% |
| Fixed assets | 21/28 | €654,054 | €1,790,031 | +€1.1m | +173.7% |
| Tangible fixed assets | 22/27 | €654,054 | €1,790,031 | +€1.1m | +173.7% |
| Land and buildings | 22 | €654,054 | €1,787,181 | +€1.1m | +173.2% |
| Other tangible fixed assets | 26 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €76,913 | €108,829 | +€31,916 | +41.5% |
| Amounts receivable within one year | 40/41 | €80 | €0 | -€80 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €80 | €0 | -€80 | -100.0% |
| Current investments | 50/53 | €20,001 | - | -€20,001 | |
| Cash at bank and in hand | 54/58 | €54,462 | €108,829 | +€54,367 | +99.8% |
| Deferred charges and accrued income | 490/1 | €2,370 | €0 | -€2,370 | -100.0% |
| Total equity and liabilities | 10/49 | €730,967 | €1,898,860 | +€1.2m | +159.8% |
| Equity | 10/15 | €448,809 | €1,661,064 | +€1.2m | +270.1% |
| Contributions | 10/11 | €324,119 | €324,119 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,150,000 | +€1.2m | |
| Reserves | 13 | €124,690 | €186,945 | +€62,255 | +49.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €124,690 | €186,945 | +€62,255 | +49.9% |
| Amounts payable | 17/49 | €282,158 | €237,796 | -€44,362 | -15.7% |
| Amounts payable after more than one year | 17 | €82,249 | €66,583 | -€15,667 | -19.0% |
| Financial debts | 170/4 | €82,249 | €66,583 | -€15,667 | -19.0% |
| Amounts payable within one year | 42/48 | €196,320 | €171,213 | -€25,107 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €15,667 | €15,667 | = | 0.0% |
| Trade debts | 44 | €7,861 | €440 | -€7,420 | -94.4% |
| Suppliers | 440/4 | €7,861 | €440 | -€7,420 | -94.4% |
| Taxes, remuneration and social security | 45 | €0 | €1,572 | +€1,572 | |
| Taxes | 450/3 | €0 | €1,572 | +€1,572 | |
| Other amounts payable | 47/48 | €172,793 | €153,534 | -€19,259 | -11.1% |
| Accrued charges and deferred income | 492/3 | €3,588 | €0 | -€3,588 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,873 | €16,873 | +€0 | 0.0% |
| Other operating charges | 640/8 | €14,889 | €14,901 | +€11 | +0.1% |
| Gross operating margin | 9900 | €101,712 | €104,694 | +€2,981 | +2.9% |
| Operating profit (loss) | 9901 | €69,950 | €72,920 | +€2,970 | +4.2% |
| Financial income | 75/76B | €233 | €110 | -€123 | -52.8% |
| Recurring financial income | 75 | €233 | €110 | -€123 | -52.8% |
| Financial charges | 65/66B | €12,609 | €7,506 | -€5,103 | -40.5% |
| Recurring financial charges | 65 | €12,609 | €7,506 | -€5,103 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €57,574 | €65,523 | +€7,950 | +13.8% |
| Income taxes | 67/77 | - | €3,268 | +€3,268 | |
| Profit (loss) for the period | 9904 | €57,574 | €62,255 | +€4,681 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,574 | €62,255 | +€4,681 | +8.1% |
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 7 October 2026 via checked.be.