IMMO MATRIX-KOLUM: 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 MATRIX-KOLUM
Largest movements
- Intangible fixed assets +€184,785
new in 2025: €184,785
- Receivables within one year +€7,394
up €7,394 (+66.0%), from €11,210 to €18,604
of which Trade receivables: +€10,521
- Tangible fixed assets -€6,307
down €6,307 (-11.0%), from €57,541 to €51,234
of which Furniture and vehicles: -€4,377
- Cash +€5,913
up €5,913 (+5.5%), from €107,542 to €113,454
mainly Debts after one year (+€123,883) and Net result for the year (+€53,533)
- Debts after one year +€123,883
new in 2025: €123,883
- Reserves +€53,533
up €53,533 (+45.8%), from €116,995 to €170,528
- Current portion of long-term debt +€38,678
new in 2025: €38,678
- Accrued charges and deferred income -€9,351
no longer reported in 2025 (was €9,351)
- Trade debts -€8,067
down €8,067 (-42.0%), from €19,204 to €11,137
- Gross operating margin +€102,383
up €102,383 (+77.7%), from €131,756 to €234,139
- Staff costs +€41,231
up €41,231 (+38.6%), from €106,949 to €148,180
- Depreciation +€14,396
up €14,396 (+139%), from €10,337 to €24,733
- Financial charges +€6,231
up €6,231 (+1,884%), from €331 to €6,561
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 | €177,650 | €372,716 | +€195,066 | +110% |
| Fixed assets | 21/28 | €58,441 | €236,919 | +€178,478 | +305% |
| Intangible fixed assets | 21 | - | €184,785 | +€184,785 | |
| Tangible fixed assets | 22/27 | €57,541 | €51,234 | -€6,307 | -11.0% |
| Plant, machinery and equipment | 23 | €2,622 | €2,098 | -€524 | -20.0% |
| Furniture and vehicles | 24 | €12,795 | €8,418 | -€4,377 | -34.2% |
| Other tangible fixed assets | 26 | €42,124 | €39,199 | -€2,924 | -6.9% |
| Assets under construction and advance payments | 27 | - | €1,519 | +€1,519 | |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €119,208 | €135,797 | +€16,589 | +13.9% |
| Amounts receivable within one year | 40/41 | €11,210 | €18,604 | +€7,394 | +66.0% |
| Trade receivables | 40 | €8,083 | €18,604 | +€10,521 | +130% |
| Other amounts receivable | 41 | €3,127 | - | -€3,127 | |
| Cash at bank and in hand | 54/58 | €107,542 | €113,454 | +€5,913 | +5.5% |
| Deferred charges and accrued income | 490/1 | €457 | €3,738 | +€3,282 | +718% |
| Total equity and liabilities | 10/49 | €177,650 | €372,716 | +€195,066 | +110% |
| Equity | 10/15 | €135,587 | €189,120 | +€53,533 | +39.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €116,995 | €170,528 | +€53,533 | +45.8% |
| Distributable reserves | 133 | €116,995 | €170,528 | +€53,533 | +45.8% |
| Amounts payable | 17/49 | €42,063 | €183,596 | +€141,534 | +336% |
| Amounts payable after more than one year | 17 | - | €123,883 | +€123,883 | |
| Financial debts | 170/4 | - | €123,883 | +€123,883 | |
| Amounts payable within one year | 42/48 | €32,711 | €59,713 | +€27,001 | +82.5% |
| Current portion of amounts payable after more than one year | 42 | - | €38,678 | +€38,678 | |
| Financial debts | 43 | €650 | - | -€650 | |
| Credit institutions | 430/8 | €650 | - | -€650 | |
| Trade debts | 44 | €19,204 | €11,137 | -€8,067 | -42.0% |
| Suppliers | 440/4 | €19,204 | €11,137 | -€8,067 | -42.0% |
| Taxes, remuneration and social security | 45 | €12,857 | €9,898 | -€2,959 | -23.0% |
| Taxes | 450/3 | €332 | €1,754 | +€1,421 | +428% |
| Remuneration and social security | 454/9 | €12,525 | €8,144 | -€4,381 | -35.0% |
| Accrued charges and deferred income | 492/3 | €9,351 | - | -€9,351 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €106,949 | €148,180 | +€41,231 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,337 | €24,733 | +€14,396 | +139% |
| Other operating charges | 640/8 | €2,006 | €1,712 | -€294 | -14.7% |
| Gross operating margin | 9900 | €131,756 | €234,139 | +€102,383 | +77.7% |
| Operating profit (loss) | 9901 | €12,465 | €59,514 | +€47,050 | +377% |
| Financial income | 75/76B | €1,127 | €904 | -€224 | -19.8% |
| Recurring financial income | 75 | €1,127 | €904 | -€224 | -19.8% |
| Financial charges | 65/66B | €331 | €6,561 | +€6,231 | +1,884% |
| Recurring financial charges | 65 | €331 | €6,561 | +€6,231 | +1,884% |
| Profit (loss) for the period before taxes | 9903 | €13,261 | €53,857 | +€40,595 | +306% |
| Income taxes | 67/77 | €665 | €324 | -€341 | -51.3% |
| Profit (loss) for the period | 9904 | €12,596 | €53,533 | +€40,936 | +325% |
| Profit (loss) for the period to be appropriated | 9905 | €12,596 | €53,533 | +€40,936 | +325% |
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 21 October 2026 via checked.be.