Immo MARTIN: 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 MARTIN
Largest movements
- Tangible fixed assets -€6,187
down €6,187 (-14.6%), from €42,261 to €36,075
- Cash +€4,204
up €4,204 (+15.6%), from €26,995 to €31,198
mainly Depreciation (+€7,351)
- Profit (loss) carried forward -€1,983
down €1,983 (-4.4%), from -€44,987 to -€46,970
- Gross operating margin +€98
up €98 (+1.4%), from €6,963 to €7,061
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 | €69,276 | €67,293 | -€1,983 | -2.9% |
| Fixed assets | 21/28 | €42,281 | €36,095 | -€6,187 | -14.6% |
| Tangible fixed assets | 22/27 | €42,261 | €36,075 | -€6,187 | -14.6% |
| Land and buildings | 22 | €42,261 | €36,075 | -€6,187 | -14.6% |
| Financial fixed assets | 28 | €20 | €20 | = | 0.0% |
| Current assets | 29/58 | €26,995 | €31,198 | +€4,204 | +15.6% |
| Cash at bank and in hand | 54/58 | €26,995 | €31,198 | +€4,204 | +15.6% |
| Total equity and liabilities | 10/49 | €69,276 | €67,293 | -€1,983 | -2.9% |
| Equity | 10/15 | €69,276 | €67,293 | -€1,983 | -2.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €95,713 | €95,713 | = | 0.0% |
| Distributable reserves | 133 | €95,713 | €95,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,987 | -€46,970 | -€1,983 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,283 | €7,351 | +€68 | +0.9% |
| Other operating charges | 640/8 | €1,575 | €1,625 | +€50 | +3.1% |
| Gross operating margin | 9900 | €6,963 | €7,061 | +€98 | +1.4% |
| Operating profit (loss) | 9901 | -€1,895 | -€1,915 | -€20 | -1.0% |
| Financial charges | 65/66B | €67 | €68 | +€1 | +1.1% |
| Recurring financial charges | 65 | €67 | €68 | +€1 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,962 | -€1,983 | -€21 | -1.1% |
| Profit (loss) for the period | 9904 | -€1,962 | -€1,983 | -€21 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,962 | -€1,983 | -€21 | -1.1% |
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.