IMMO MD: 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 MD
Largest movements
- Stocks and contracts +€1.4m
new in 2025: €1.4m
- Receivables within one year -€77,149
down €77,149 (-100.0%), from €77,149 to €0
- Cash +€23,187
up €23,187 (+1167.8%), from €1,986 to €25,173
mainly Contributions, distributions and other (+€991,519) and Debts after one year (+€385,000)
- Contributions +€1.1m
up €1.1m (+5647.6%), from €18,592 to €1.1m
- Debts after one year +€385,000
new in 2025: €385,000
- Reserves -€58,481
down €58,481 (-96.9%), from €60,340 to €1,859
of which Distributable reserves: -€56,622
- Financial charges +€6,254
up €6,254, from €0 to €6,254
- Gross operating margin +€3,363
up €3,363, from -€998 to €2,365
- Other operating charges +€3,062
up €3,062 (+487.4%), from €628 to €3,691
- Financial income -€1,875
down €1,875 (-98.3%), from €1,907 to €32
- Taxes -€77
down €77 (-100.0%), from €77 to €0
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 | €79,135 | €1,455,966 | +€1.4m | +1739.9% |
| Current assets | 29/58 | €79,135 | €1,455,966 | +€1.4m | +1739.9% |
| Stocks and contracts in progress | 3 | - | €1,430,430 | +€1.4m | |
| Stocks | 30/36 | - | €1,430,430 | +€1.4m | |
| Amounts receivable within one year | 40/41 | €77,149 | €0 | -€77,149 | -100.0% |
| Other amounts receivable | 41 | €77,149 | €0 | -€77,149 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,986 | €25,173 | +€23,187 | +1167.8% |
| Deferred charges and accrued income | 490/1 | - | €363 | +€363 | |
| Total equity and liabilities | 10/49 | €79,135 | €1,455,966 | +€1.4m | +1739.9% |
| Equity | 10/15 | €78,932 | €1,062,904 | +€983,972 | +1246.6% |
| Contributions | 10/11 | €18,592 | €1,068,592 | +€1.1m | +5647.6% |
| Reserves | 13 | €60,340 | €1,859 | -€58,481 | -96.9% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Distributable reserves | 133 | €58,481 | €1,859 | -€56,622 | -96.8% |
| Profit (loss) carried forward | 14 | €0 | -€7,547 | -€7,547 | |
| Amounts payable | 17/49 | €203 | €393,062 | +€392,859 | +193937.4% |
| Amounts payable after more than one year | 17 | - | €385,000 | +€385,000 | |
| Financial debts | 170/4 | - | €385,000 | +€385,000 | |
| Amounts payable within one year | 42/48 | €203 | €1,946 | +€1,744 | +860.9% |
| Trade debts | 44 | €126 | €1,946 | +€1,820 | +1444.8% |
| Suppliers | 440/4 | €126 | €1,946 | +€1,820 | +1444.8% |
| Taxes, remuneration and social security | 45 | €77 | €0 | -€77 | -100.0% |
| Taxes | 450/3 | €77 | €0 | -€77 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €6,115 | +€6,115 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Other operating charges | 640/8 | €628 | €3,691 | +€3,062 | +487.4% |
| Gross operating margin | 9900 | -€998 | €2,365 | +€3,363 | |
| Operating profit (loss) | 9901 | -€1,626 | -€1,326 | +€300 | +18.5% |
| Financial income | 75/76B | €1,907 | €32 | -€1,875 | -98.3% |
| Recurring financial income | 75 | €1,907 | €32 | -€1,875 | -98.3% |
| Financial charges | 65/66B | €0 | €6,254 | +€6,254 | |
| Recurring financial charges | 65 | €0 | €6,254 | +€6,254 | |
| Profit (loss) for the period before taxes | 9903 | €281 | -€7,547 | -€7,828 | |
| Income taxes | 67/77 | €77 | €0 | -€77 | -100.0% |
| Profit (loss) for the period | 9904 | €204 | -€7,547 | -€7,752 | |
| Profit (loss) for the period to be appropriated | 9905 | €204 | -€7,547 | -€7,752 |
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.