IMMO MGM: 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 MGM
Largest movements
- Cash +€54,328
up €54,328 (+172.0%), from €31,594 to €85,922
mainly Net result for the year (+€44,516) and Tax, wage and social debts (+€9,929)
- Tangible fixed assets +€8,308
up €8,308 (+232.6%), from €3,571 to €11,879
of which Other tangible fixed assets: +€5,730
- Receivables within one year -€6,050
down €6,050 (-100.0%), from €6,050 to €0
- Profit (loss) carried forward +€44,516
up €44,516 (+199.4%), from €22,325 to €66,841
- Tax, wage and social debts +€9,929
up €9,929 (+71.9%), from €13,801 to €23,730
- Trade debts +€1,967
up €1,967 (+80.8%), from €2,435 to €4,402
- Gross operating margin +€33,064
up €33,064 (+118.4%), from €27,921 to €60,985
- Taxes +€6,958
up €6,958 (+117.3%), from €5,932 to €12,890
- Depreciation +€2,613
up €2,613 (+5395.5%), from €48 to €2,661
- Financial income -€707
down €707 (-77.9%), from €907 to €200
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 | €41,561 | €98,437 | +€56,876 | +136.8% |
| Fixed assets | 21/28 | €3,571 | €11,879 | +€8,308 | +232.6% |
| Tangible fixed assets | 22/27 | €3,571 | €11,879 | +€8,308 | +232.6% |
| Plant, machinery and equipment | 23 | - | €1,524 | +€1,524 | |
| Furniture and vehicles | 24 | €3,571 | €4,624 | +€1,053 | +29.5% |
| Other tangible fixed assets | 26 | - | €5,730 | +€5,730 | |
| Current assets | 29/58 | €37,990 | €86,558 | +€48,568 | +127.8% |
| Amounts receivable within one year | 40/41 | €6,050 | €0 | -€6,050 | -100.0% |
| Trade receivables | 40 | €6,050 | €0 | -€6,050 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,594 | €85,922 | +€54,328 | +172.0% |
| Deferred charges and accrued income | 490/1 | €346 | €636 | +€290 | +83.8% |
| Total equity and liabilities | 10/49 | €41,561 | €98,437 | +€56,876 | +136.8% |
| Equity | 10/15 | €25,325 | €69,841 | +€44,516 | +175.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,325 | €66,841 | +€44,516 | +199.4% |
| Amounts payable | 17/49 | €16,236 | €28,596 | +€12,360 | +76.1% |
| Amounts payable within one year | 42/48 | €16,236 | €28,596 | +€12,360 | +76.1% |
| Trade debts | 44 | €2,435 | €4,402 | +€1,967 | +80.8% |
| Suppliers | 440/4 | €2,435 | €4,402 | +€1,967 | +80.8% |
| Taxes, remuneration and social security | 45 | €13,801 | €23,730 | +€9,929 | +71.9% |
| Taxes | 450/3 | €13,801 | €23,730 | +€9,929 | +71.9% |
| Other amounts payable | 47/48 | - | €464 | +€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48 | €2,661 | +€2,613 | +5395.5% |
| Other operating charges | 640/8 | €515 | €687 | +€172 | +33.4% |
| Gross operating margin | 9900 | €27,921 | €60,985 | +€33,064 | +118.4% |
| Operating profit (loss) | 9901 | €27,358 | €57,637 | +€30,279 | +110.7% |
| Financial income | 75/76B | €907 | €200 | -€707 | -77.9% |
| Recurring financial income | 75 | €907 | €200 | -€707 | -77.9% |
| Financial charges | 65/66B | €7 | €431 | +€423 | +5896.4% |
| Recurring financial charges | 65 | €7 | €431 | +€423 | +5896.4% |
| Profit (loss) for the period before taxes | 9903 | €28,258 | €57,406 | +€29,149 | +103.2% |
| Income taxes | 67/77 | €5,932 | €12,890 | +€6,958 | +117.3% |
| Profit (loss) for the period | 9904 | €22,325 | €44,516 | +€22,190 | +99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,325 | €44,516 | +€22,190 | +99.4% |
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 4 October 2026 via checked.be.