IMMO MARTINET: 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 MARTINET
Largest movements
- Cash -€136,997
down €136,997 (-45.5%), from €300,847 to €163,850
mainly Tax, wage and social debts (-€119,493) and Stocks and contracts (-€24,118)
- Stocks and contracts +€24,118
up €24,118 (+7.4%), from €325,000 to €349,118
- Tax, wage and social debts -€119,493
down €119,493 (-99.2%), from €120,493 to €1,000
- Gross operating margin -€249,581
down €249,581 (-98.5%), from €253,338 to €3,757
- Taxes -€48,359
down €48,359 (-98.0%), from €49,359 to €1,000
- Financial charges -€45,045
no longer reported in 2025 (was €45,045)
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 | €627,954 | €513,654 | -€114,299 | -18.2% |
| Current assets | 29/58 | €627,954 | €513,654 | -€114,299 | -18.2% |
| Stocks and contracts in progress | 3 | €325,000 | €349,118 | +€24,118 | +7.4% |
| Stocks | 30/36 | €325,000 | €349,118 | +€24,118 | +7.4% |
| Amounts receivable within one year | 40/41 | €641 | €686 | +€45 | +7.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €641 | €686 | +€45 | +7.0% |
| Cash at bank and in hand | 54/58 | €300,847 | €163,850 | -€136,997 | -45.5% |
| Deferred charges and accrued income | 490/1 | €1,465 | €0 | -€1,465 | -100% |
| Total equity and liabilities | 10/49 | €627,954 | €513,654 | -€114,299 | -18.2% |
| Equity | 10/15 | €364,214 | €366,971 | +€2,757 | +0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345,614 | €348,371 | +€2,757 | +0.8% |
| Amounts payable | 17/49 | €263,740 | €146,684 | -€117,056 | -44.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €263,740 | €145,094 | -€118,646 | -45.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €281 | €50 | -€231 | -82.2% |
| Suppliers | 440/4 | €281 | €50 | -€231 | -82.2% |
| Taxes, remuneration and social security | 45 | €120,493 | €1,000 | -€119,493 | -99.2% |
| Taxes | 450/3 | €120,493 | €1,000 | -€119,493 | -99.2% |
| Other amounts payable | 47/48 | €142,965 | €144,044 | +€1,078 | +0.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,590 | +€1,590 | |
| Gross operating margin | 9900 | €253,338 | €3,757 | -€249,581 | -98.5% |
| Operating profit (loss) | 9901 | €253,338 | €3,757 | -€249,581 | -98.5% |
| Financial charges | 65/66B | €45,045 | - | -€45,045 | |
| Recurring financial charges | 65 | €45,045 | - | -€45,045 | |
| Profit (loss) for the period before taxes | 9903 | €208,293 | €3,757 | -€204,536 | -98.2% |
| Income taxes | 67/77 | €49,359 | €1,000 | -€48,359 | -98.0% |
| Profit (loss) for the period | 9904 | €158,934 | €2,757 | -€156,177 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €158,934 | €2,757 | -€156,177 | -98.3% |
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 16 October 2026 via checked.be.