IMMO MEZZA: 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 MEZZA
Largest movements
- Stocks and contracts +€223,441
up €223,441 (+66.2%), from €337,479 to €560,920
- Receivables within one year -€29,358
down €29,358 (-3.0%), from €993,309 to €963,952
of which Other amounts receivable: -€22,610
- Cash -€17,165
down €17,165 (-66.4%), from €25,841 to €8,676
mainly Stocks and contracts (-€223,441) and Debts after one year (-€14,884)
- Other debts +€94,569
up €94,569 (+8.9%), from €1.1m to €1.2m
- Short-term financial debts +€84,000
up €84,000 (+400.0%), from €21,000 to €105,000
- Financial charges +€13,289
up €13,289 (+327.4%), from €4,060 to €17,349
- Gross operating margin +€13,126
up €13,126 (+77.8%), from €16,872 to €29,998
- Other operating charges +€1,607
up €1,607 (+178.5%), from €901 to €2,508
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 | €1,392,870 | €1,569,053 | +€176,184 | +12.6% |
| Fixed assets | 21/28 | €36,240 | €35,506 | -€734 | -2.0% |
| Tangible fixed assets | 22/27 | €36,240 | €35,506 | -€734 | -2.0% |
| Land and buildings | 22 | €35,000 | €35,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,240 | €506 | -€734 | -59.2% |
| Current assets | 29/58 | €1,356,629 | €1,533,547 | +€176,918 | +13.0% |
| Stocks and contracts in progress | 3 | €337,479 | €560,920 | +€223,441 | +66.2% |
| Stocks | 30/36 | €337,479 | €560,920 | +€223,441 | +66.2% |
| Amounts receivable within one year | 40/41 | €993,309 | €963,952 | -€29,358 | -3.0% |
| Trade receivables | 40 | €8,665 | €1,918 | -€6,747 | -77.9% |
| Other amounts receivable | 41 | €984,644 | €962,034 | -€22,610 | -2.3% |
| Cash at bank and in hand | 54/58 | €25,841 | €8,676 | -€17,165 | -66.4% |
| Total equity and liabilities | 10/49 | €1,392,870 | €1,569,053 | +€176,184 | +12.6% |
| Equity | 10/15 | €240,535 | €249,126 | +€8,591 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,935 | €230,526 | +€8,591 | +3.9% |
| Distributable reserves | 133 | €221,935 | €230,526 | +€8,591 | +3.9% |
| Amounts payable | 17/49 | €1,152,334 | €1,319,927 | +€167,592 | +14.5% |
| Amounts payable after more than one year | 17 | €40,072 | €25,188 | -€14,884 | -37.1% |
| Financial debts | 170/4 | €40,072 | €25,188 | -€14,884 | -37.1% |
| Amounts payable within one year | 42/48 | €1,110,012 | €1,292,554 | +€182,542 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €14,139 | €14,884 | +€746 | +5.3% |
| Financial debts | 43 | €21,000 | €105,000 | +€84,000 | +400.0% |
| Credit institutions | 430/8 | €21,000 | €105,000 | +€84,000 | +400.0% |
| Trade debts | 44 | €6,128 | €8,496 | +€2,368 | +38.6% |
| Suppliers | 440/4 | €6,128 | €8,496 | +€2,368 | +38.6% |
| Taxes, remuneration and social security | 45 | €1,008 | €1,867 | +€859 | +85.2% |
| Taxes | 450/3 | €1,008 | €1,867 | +€859 | +85.2% |
| Other amounts payable | 47/48 | €1,067,737 | €1,162,306 | +€94,569 | +8.9% |
| Accrued charges and deferred income | 492/3 | €2,250 | €2,185 | -€65 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €734 | -€87 | -10.6% |
| Other operating charges | 640/8 | €901 | €2,508 | +€1,607 | +178.5% |
| Gross operating margin | 9900 | €16,872 | €29,998 | +€13,126 | +77.8% |
| Operating profit (loss) | 9901 | €15,150 | €26,756 | +€11,606 | +76.6% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €4,060 | €17,349 | +€13,289 | +327.4% |
| Recurring financial charges | 65 | €4,060 | €17,349 | +€13,289 | +327.4% |
| Profit (loss) for the period before taxes | 9903 | €11,091 | €9,450 | -€1,640 | -14.8% |
| Income taxes | 67/77 | €1,008 | €859 | -€149 | -14.8% |
| Profit (loss) for the period | 9904 | €10,083 | €8,591 | -€1,491 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,083 | €8,591 | -€1,491 | -14.8% |
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.