IMMO MERODE: 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 MERODE
Largest movements
- Tangible fixed assets -€23,580
down €23,580 (-4.3%), from €547,597 to €524,017
- Receivables within one year -€8,943
down €8,943 (-89.0%), from €10,054 to €1,110
of which Trade receivables: -€9,173
- Debts after one year -€22,689
down €22,689 (-4.3%), from €524,832 to €502,143
- Trade debts -€9,252
down €9,252 (-92.5%), from €9,997 to €745
- Gross operating margin +€1,538
up €1,538 (+3.2%), from €48,215 to €49,753
- Financial charges -€720
down €720 (-3.7%), from €19,444 to €18,724
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 | €565,358 | €537,927 | -€27,430 | -4.9% |
| Fixed assets | 21/28 | €547,597 | €524,017 | -€23,580 | -4.3% |
| Tangible fixed assets | 22/27 | €547,597 | €524,017 | -€23,580 | -4.3% |
| Land and buildings | 22 | €547,597 | €524,017 | -€23,580 | -4.3% |
| Current assets | 29/58 | €17,761 | €13,910 | -€3,851 | -21.7% |
| Amounts receivable within one year | 40/41 | €10,054 | €1,110 | -€8,943 | -89.0% |
| Trade receivables | 40 | €10,054 | €881 | -€9,173 | -91.2% |
| Other amounts receivable | 41 | - | €229 | +€229 | |
| Cash at bank and in hand | 54/58 | €7,707 | €12,800 | +€5,093 | +66.1% |
| Total equity and liabilities | 10/49 | €565,358 | €537,927 | -€27,430 | -4.9% |
| Equity | 10/15 | -€72,733 | -€68,988 | +€3,745 | +5.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,233 | -€71,488 | +€3,745 | +5.0% |
| Amounts payable | 17/49 | €638,091 | €606,916 | -€31,175 | -4.9% |
| Amounts payable after more than one year | 17 | €524,832 | €502,143 | -€22,689 | -4.3% |
| Financial debts | 170/4 | €524,832 | €502,143 | -€22,689 | -4.3% |
| Amounts payable within one year | 42/48 | €113,259 | €104,773 | -€8,486 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €21,924 | €22,689 | +€766 | +3.5% |
| Trade debts | 44 | €9,997 | €745 | -€9,252 | -92.5% |
| Suppliers | 440/4 | €9,997 | €745 | -€9,252 | -92.5% |
| Other amounts payable | 47/48 | €81,338 | €81,338 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,552 | €23,580 | +€27 | +0.1% |
| Other operating charges | 640/8 | €3,755 | €3,804 | +€48 | +1.3% |
| Gross operating margin | 9900 | €48,215 | €49,753 | +€1,538 | +3.2% |
| Operating profit (loss) | 9901 | €20,907 | €22,369 | +€1,462 | +7.0% |
| Financial income | 75/76B | - | €100 | +€100 | |
| Recurring financial income | 75 | - | €100 | +€100 | |
| Financial charges | 65/66B | €19,444 | €18,724 | -€720 | -3.7% |
| Recurring financial charges | 65 | €19,444 | €18,724 | -€720 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,463 | €3,745 | +€2,282 | +155.9% |
| Profit (loss) for the period | 9904 | €1,463 | €3,745 | +€2,282 | +155.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,463 | €3,745 | +€2,282 | +155.9% |
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 8 October 2026 via checked.be.