IMMO MARSI: 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 MARSI
Largest movements
- Stocks and contracts +€159,645
up €159,645 (+38.2%), from €418,456 to €578,101
- Cash -€50,679
down €50,679 (-96.9%), from €52,314 to €1,635
mainly Stocks and contracts (-€159,645) and Trade debts (-€130,900)
- Other debts +€270,008
up €270,008 (+79.4%), from €339,980 to €609,988
- Trade debts -€130,900
down €130,900 (-100.0%), from €130,900 to €0
- Profit (loss) carried forward -€30,569
down €30,569 (-67302.2%), from -€45 to -€30,614
- Gross operating margin -€28,997
new in 2025: -€28,997
- Purchases and services +€28,997
new in 2025: €28,997
- Financial charges +€1,396
up €1,396 (+3073.6%), from €45 to €1,441
of which Financial charges: +€1,395
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 | €471,180 | €579,845 | +€108,665 | +23.1% |
| Current assets | 29/58 | €471,180 | €579,845 | +€108,665 | +23.1% |
| Stocks and contracts in progress | 3 | €418,456 | €578,101 | +€159,645 | +38.2% |
| Stocks | 30/36 | €418,456 | €578,101 | +€159,645 | +38.2% |
| Amounts receivable within one year | 40/41 | €410 | €0 | -€410 | -100.0% |
| Other amounts receivable | 41 | €410 | €0 | -€410 | -100.0% |
| Cash at bank and in hand | 54/58 | €52,314 | €1,635 | -€50,679 | -96.9% |
| Deferred charges and accrued income | 490/1 | - | €109 | +€109 | |
| Total equity and liabilities | 10/49 | €471,180 | €579,845 | +€108,665 | +23.1% |
| Equity | 10/15 | €255 | -€30,314 | -€30,569 | |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45 | -€30,614 | -€30,569 | -67302.2% |
| Amounts payable | 17/49 | €470,925 | €610,159 | +€139,234 | +29.6% |
| Amounts payable within one year | 42/48 | €470,925 | €610,159 | +€139,234 | +29.6% |
| Trade debts | 44 | €130,900 | €0 | -€130,900 | -100.0% |
| Suppliers | 440/4 | €130,900 | €0 | -€130,900 | -100.0% |
| Taxes, remuneration and social security | 45 | €46 | €171 | +€125 | +275.5% |
| Taxes | 450/3 | €46 | €171 | +€125 | +275.5% |
| Other amounts payable | 47/48 | €339,980 | €609,988 | +€270,008 | +79.4% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €28,997 | +€28,997 | |
| Other operating charges | 640/8 | - | €130 | +€130 | |
| Gross operating margin | 9900 | - | -€28,997 | -€28,997 | |
| Operating profit (loss) | 9901 | - | -€29,127 | -€29,127 | |
| Financial charges | 65/66B | €45 | €1,441 | +€1,396 | +3073.6% |
| Recurring financial charges | 65 | €45 | €1,440 | +€1,395 | +3070.3% |
| Non-recurring financial charges | 66B | - | €2 | +€2 | |
| Profit (loss) for the period before taxes | 9903 | -€45 | -€30,569 | -€30,523 | -67202.2% |
| Profit (loss) for the period | 9904 | -€45 | -€30,569 | -€30,523 | -67202.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45 | -€30,569 | -€30,523 | -67202.2% |
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 10 October 2026 via checked.be.