Immo master: 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 master
Largest movements
- Receivables within one year -€66,198
down €66,198 (-15.7%), from €421,142 to €354,945
of which Trade receivables: -€209,842
- Cash +€15,467
up €15,467 (+255.0%), from €6,065 to €21,532
mainly Receivables within one year (+€66,198) and Deferred charges and accrued income (+€58)
- Tax, wage and social debts -€36,857
down €36,857 (-99.9%), from €36,891 to €34
- Trade debts -€11,694
no longer reported in 2025 (was €11,694)
- Gross operating margin -€169,153
down €169,153, from €167,439 to -€1,714
- Taxes -€35,967
no longer reported in 2025 (was €35,967)
- Financial income -€7,564
down €7,564 (-78.0%), from €9,694 to €2,130
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 | €433,671 | €382,883 | -€50,788 | -11.7% |
| Current assets | 29/58 | €433,671 | €382,883 | -€50,788 | -11.7% |
| Amounts receivable within one year | 40/41 | €421,142 | €354,945 | -€66,198 | -15.7% |
| Trade receivables | 40 | €209,842 | - | -€209,842 | |
| Other amounts receivable | 41 | €211,300 | €354,945 | +€143,645 | +68.0% |
| Cash at bank and in hand | 54/58 | €6,065 | €21,532 | +€15,467 | +255.0% |
| Deferred charges and accrued income | 490/1 | €6,463 | €6,406 | -€58 | -0.9% |
| Total equity and liabilities | 10/49 | €433,671 | €382,883 | -€50,788 | -11.7% |
| Equity | 10/15 | €385,085 | €382,849 | -€2,237 | -0.6% |
| Contributions | 10/11 | €28,817 | €28,817 | = | 0.0% |
| Reserves | 13 | €356,268 | €354,032 | -€2,237 | -0.6% |
| Non-distributable reserves | 130/1 | €2,882 | €2,882 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,882 | €2,882 | = | 0.0% |
| Distributable reserves | 133 | €353,386 | €351,150 | -€2,237 | -0.6% |
| Amounts payable | 17/49 | €48,586 | €34 | -€48,552 | -99.9% |
| Amounts payable within one year | 42/48 | €48,586 | €34 | -€48,552 | -99.9% |
| Trade debts | 44 | €11,694 | - | -€11,694 | |
| Suppliers | 440/4 | €11,694 | - | -€11,694 | |
| Taxes, remuneration and social security | 45 | €36,891 | €34 | -€36,857 | -99.9% |
| Taxes | 450/3 | €36,891 | €34 | -€36,857 | -99.9% |
| Non-recurring operating income | 76A | €176,354 | - | -€176,354 | |
| Other operating charges | 640/8 | €3,258 | €2,555 | -€703 | -21.6% |
| Non-recurring operating charges | 66A | €34,342 | - | -€34,342 | |
| Gross operating margin | 9900 | €167,439 | -€1,714 | -€169,153 | |
| Operating profit (loss) | 9901 | €129,839 | -€4,268 | -€134,108 | |
| Financial income | 75/76B | €9,694 | €2,130 | -€7,564 | -78.0% |
| Recurring financial income | 75 | €9,694 | €2,130 | -€7,564 | -78.0% |
| Financial charges | 65/66B | €633 | €99 | -€534 | -84.4% |
| Recurring financial charges | 65 | €633 | €99 | -€534 | -84.4% |
| Profit (loss) for the period before taxes | 9903 | €138,901 | -€2,237 | -€141,137 | |
| Income taxes | 67/77 | €35,967 | - | -€35,967 | |
| Profit (loss) for the period | 9904 | €102,934 | -€2,237 | -€105,170 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,934 | -€2,237 | -€105,170 |
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 28 September 2026 via checked.be.