IMMO - MIMAD: 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 - MIMAD
Largest movements
- Cash +€11,047
up €11,047 (+15.5%), from €71,453 to €82,500
mainly Other debts (+€10,780) and Depreciation (+€9,455)
- Tangible fixed assets -€9,455
down €9,455 (-11.7%), from €81,124 to €71,669
of which Land and buildings: -€7,949
- Other debts +€10,780
up €10,780 (+26.2%), from €41,085 to €51,865
- Reserves -€6,110
down €6,110 (-17.7%), from €34,457 to €28,346
of which Distributable reserves: -€6,110
- Accrued charges and deferred income -€2,830
down €2,830 (-75.9%), from €3,730 to €900
- Revaluation surpluses -€2,649
down €2,649 (-17.5%), from €15,147 to €12,498
- Tax, wage and social debts +€2,513
new in 2025: €2,513
- Gross operating margin +€6,101
up €6,101 (+27.1%), from €22,505 to €28,606
- Taxes +€3,424
up €3,424 (+164%), from €2,089 to €5,513
- Financial charges -€3,160
down €3,160 (-95.5%), from €3,310 to €150
- Depreciation -€1,784
down €1,784 (-15.9%), from €11,239 to €9,455
- Other operating charges +€483
up €483 (+11.1%), from €4,352 to €4,836
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 | €156,582 | €158,286 | +€1,704 | +1.1% |
| Fixed assets | 21/28 | €81,124 | €71,669 | -€9,455 | -11.7% |
| Tangible fixed assets | 22/27 | €81,124 | €71,669 | -€9,455 | -11.7% |
| Land and buildings | 22 | €79,207 | €71,258 | -€7,949 | -10.0% |
| Furniture and vehicles | 24 | €1,917 | €411 | -€1,506 | -78.6% |
| Current assets | 29/58 | €75,458 | €86,617 | +€11,159 | +14.8% |
| Amounts receivable within one year | 40/41 | €4,005 | €4,117 | +€112 | +2.8% |
| Other amounts receivable | 41 | €4,005 | €4,117 | +€112 | +2.8% |
| Cash at bank and in hand | 54/58 | €71,453 | €82,500 | +€11,047 | +15.5% |
| Total equity and liabilities | 10/49 | €156,582 | €158,286 | +€1,704 | +1.1% |
| Equity | 10/15 | €111,767 | €103,008 | -€8,759 | -7.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €15,147 | €12,498 | -€2,649 | -17.5% |
| Reserves | 13 | €34,457 | €28,346 | -€6,110 | -17.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €28,257 | €22,146 | -€6,110 | -21.6% |
| Profit (loss) carried forward | 14 | €164 | €164 | +€0 | +0.2% |
| Amounts payable | 17/49 | €44,815 | €55,278 | +€10,463 | +23.3% |
| Amounts payable within one year | 42/48 | €41,085 | €54,378 | +€13,293 | +32.4% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €2,513 | +€2,513 | |
| Taxes | 450/3 | - | €2,513 | +€2,513 | |
| Other amounts payable | 47/48 | €41,085 | €51,865 | +€10,780 | +26.2% |
| Accrued charges and deferred income | 492/3 | €3,730 | €900 | -€2,830 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,239 | €9,455 | -€1,784 | -15.9% |
| Other operating charges | 640/8 | €4,352 | €4,836 | +€483 | +11.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €22,505 | €28,606 | +€6,101 | +27.1% |
| Operating profit (loss) | 9901 | €6,914 | €14,316 | +€7,401 | +107% |
| Financial income | 75/76B | €35 | €289 | +€254 | +733% |
| Recurring financial income | 75 | €35 | €289 | +€254 | +733% |
| Financial charges | 65/66B | €3,310 | €150 | -€3,160 | -95.5% |
| Recurring financial charges | 65 | €3,310 | €150 | -€3,160 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €3,639 | €14,454 | +€10,815 | +297% |
| Income taxes | 67/77 | €2,089 | €5,513 | +€3,424 | +164% |
| Profit (loss) for the period | 9904 | €1,550 | €8,941 | +€7,391 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €1,550 | €8,941 | +€7,391 | +477% |
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 16 October 2026 via checked.be.