Immo MKP: 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 MKP
Largest movements
- Cash +€227,599
up €227,599 (+44.0%), from €516,740 to €744,338
mainly Depreciation (+€293,298) and Tax, wage and social debts (+€90,449)
- Tangible fixed assets -€163,232
down €163,232 (-4.1%), from €4.0m to €3.9m
- Trade debts -€137,533
down €137,533 (-86.7%), from €158,561 to €21,028
- Reserves +€135,316
up €135,316 (+6.2%), from €2.2m to €2.3m
of which Tax-exempt reserves: +€135,316
- Profit (loss) carried forward -€90,649
down €90,649 (-25.2%), from €359,725 to €269,077
- Tax, wage and social debts +€90,449
up €90,449 (+293.4%), from €30,827 to €121,276
- Gross operating margin +€346,511
up €346,511 (+254.3%), from €136,268 to €482,779
- Depreciation -€16,852
down €16,852 (-5.4%), from €310,150 to €293,298
- Financial charges +€15,044
up €15,044 (+1646.8%), from €914 to €15,958
- Taxes +€13,389
up €13,389 (+29.7%), from €45,095 to €58,484
- Other operating charges -€10,210
down €10,210 (-25.2%), from €40,515 to €30,305
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 | €4,772,277 | €4,837,957 | +€65,680 | +1.4% |
| Fixed assets | 21/28 | €4,022,685 | €3,859,453 | -€163,232 | -4.1% |
| Tangible fixed assets | 22/27 | €4,022,685 | €3,859,453 | -€163,232 | -4.1% |
| Land and buildings | 22 | €4,022,685 | €3,859,453 | -€163,232 | -4.1% |
| Current assets | 29/58 | €749,592 | €978,504 | +€228,912 | +30.5% |
| Amounts receivable within one year | 40/41 | €232,853 | €234,166 | +€1,313 | +0.6% |
| Trade receivables | 40 | €229,850 | €230,941 | +€1,092 | +0.5% |
| Other amounts receivable | 41 | €3,003 | €3,224 | +€221 | +7.4% |
| Cash at bank and in hand | 54/58 | €516,740 | €744,338 | +€227,599 | +44.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,772,277 | €4,837,957 | +€65,680 | +1.4% |
| Equity | 10/15 | €3,278,723 | €3,323,391 | +€44,668 | +1.4% |
| Contributions | 10/11 | €718,332 | €718,332 | = | 0.0% |
| Capital | 10 | €717,482 | €717,482 | = | 0.0% |
| Issued capital | 100 | €717,482 | €717,482 | = | 0.0% |
| Outside capital | 11 | €849 | €849 | = | 0.0% |
| Share premium | 1100/10 | €849 | €849 | = | 0.0% |
| Revaluation surpluses | 12 | €1,881 | €1,881 | = | 0.0% |
| Reserves | 13 | €2,198,785 | €2,334,102 | +€135,316 | +6.2% |
| Non-distributable reserves | 130/1 | €71,748 | €71,748 | = | 0.0% |
| Legal reserve | 130 | €71,748 | €71,748 | = | 0.0% |
| Tax-exempt reserves | 132 | €770,022 | €905,339 | +€135,316 | +17.6% |
| Distributable reserves | 133 | €1,357,015 | €1,357,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €359,725 | €269,077 | -€90,649 | -25.2% |
| Provisions and deferred taxes | 16 | €291,674 | €336,780 | +€45,105 | +15.5% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €35,000 | €35,000 | = | 0.0% |
| Deferred taxes | 168 | €256,674 | €301,780 | +€45,105 | +17.6% |
| Amounts payable | 17/49 | €1,201,880 | €1,177,787 | -€24,093 | -2.0% |
| Amounts payable after more than one year | 17 | €759,755 | €784,173 | +€24,418 | +3.2% |
| Financial debts | 170/4 | €409,755 | €434,173 | +€24,418 | +6.0% |
| Other amounts payable | 178/9 | €350,000 | €350,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €442,125 | €393,614 | -€48,511 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €49,372 | €47,944 | -€1,427 | -2.9% |
| Trade debts | 44 | €158,561 | €21,028 | -€137,533 | -86.7% |
| Suppliers | 440/4 | €158,561 | €21,028 | -€137,533 | -86.7% |
| Taxes, remuneration and social security | 45 | €30,827 | €121,276 | +€90,449 | +293.4% |
| Taxes | 450/3 | €30,827 | €121,276 | +€90,449 | +293.4% |
| Other amounts payable | 47/48 | €203,365 | €203,365 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €284,016 | +€284,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €310,150 | €293,298 | -€16,852 | -5.4% |
| Other operating charges | 640/8 | €40,515 | €30,305 | -€10,210 | -25.2% |
| Gross operating margin | 9900 | €136,268 | €482,779 | +€346,511 | +254.3% |
| Operating profit (loss) | 9901 | -€214,397 | €159,176 | +€373,573 | |
| Financial income | 75/76B | €4 | €5,039 | +€5,035 | +113134.8% |
| Recurring financial income | 75 | €4 | €5,039 | +€5,035 | +113134.8% |
| Financial charges | 65/66B | €914 | €15,958 | +€15,044 | +1646.8% |
| Recurring financial charges | 65 | €914 | €15,958 | +€15,044 | +1646.8% |
| Profit (loss) for the period before taxes | 9903 | -€215,306 | €148,258 | +€363,563 | |
| Transfer from deferred taxes | 780 | €17,675 | €25,899 | +€8,224 | +46.5% |
| Transfer to deferred taxes | 680 | €0 | €71,004 | +€71,004 | |
| Income taxes | 67/77 | €45,095 | €58,484 | +€13,389 | +29.7% |
| Profit (loss) for the period | 9904 | -€242,727 | €44,668 | +€287,394 | |
| Transfer from tax-exempt reserves | 789 | €53,024 | €77,696 | +€24,672 | +46.5% |
| Transfer to tax-exempt reserves | 689 | €0 | €213,012 | +€213,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€189,703 | -€90,649 | +€99,054 | +52.2% |
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 1 October 2026 via checked.be.