Immo MP: 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 MP
Largest movements
- Cash -€54,021
down €54,021 (-17.7%), from €305,167 to €251,147
mainly Other debts (-€35,761) and Contributions, distributions and other (-€34,311)
- Tangible fixed assets -€11,742
down €11,742 (-4.1%), from €283,862 to €272,120
of which Land and buildings: -€14,678
- Other debts -€35,761
down €35,761 (-8.4%), from €427,558 to €391,797
- Reserves -€24,311
down €24,311 (-31.8%), from €76,532 to €52,221
of which Distributable reserves: -€24,311
- Debts after one year -€17,133
down €17,133 (-14.6%), from €117,160 to €100,027
- Current portion of long-term debt +€7,539
up €7,539 (+366%), from €2,060 to €9,599
- Staff costs -€33,020
down €33,020 (-63.1%), from €52,367 to €19,347
- Gross operating margin -€32,822
down €32,822 (-32.1%), from €102,122 to €69,301
- Depreciation -€3,822
down €3,822 (-12.6%), from €30,258 to €26,436
- Taxes +€3,052
up €3,052 (+135%), from €2,253 to €5,304
- Financial charges -€1,186
down €1,186 (-30.9%), from €3,840 to €2,655
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 | €633,532 | €565,984 | -€67,548 | -10.7% |
| Fixed assets | 21/28 | €283,862 | €272,120 | -€11,742 | -4.1% |
| Tangible fixed assets | 22/27 | €283,862 | €272,120 | -€11,742 | -4.1% |
| Land and buildings | 22 | €215,519 | €200,840 | -€14,678 | -6.8% |
| Plant, machinery and equipment | 23 | €375 | €8,599 | +€8,224 | +2,192% |
| Furniture and vehicles | 24 | €2,102 | €3,411 | +€1,310 | +62.3% |
| Leasing and similar rights | 25 | €12,356 | €10,818 | -€1,539 | -12.5% |
| Other tangible fixed assets | 26 | €53,510 | €48,451 | -€5,059 | -9.5% |
| Current assets | 29/58 | €349,671 | €293,865 | -€55,806 | -16.0% |
| Amounts receivable within one year | 40/41 | €36,928 | €35,143 | -€1,785 | -4.8% |
| Trade receivables | 40 | €7,400 | €5,279 | -€2,121 | -28.7% |
| Other amounts receivable | 41 | €29,528 | €29,864 | +€336 | +1.1% |
| Current investments | 50/53 | €5,575 | €5,575 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €305,167 | €251,147 | -€54,021 | -17.7% |
| Deferred charges and accrued income | 490/1 | €2,001 | €2,001 | = | 0.0% |
| Total equity and liabilities | 10/49 | €633,532 | €565,984 | -€67,548 | -10.7% |
| Equity | 10/15 | €78,859 | €56,190 | -€22,668 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,532 | €52,221 | -€24,311 | -31.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,672 | €50,361 | -€24,311 | -32.6% |
| Profit (loss) carried forward | 14 | -€16,273 | -€14,630 | +€1,643 | +10.1% |
| Amounts payable | 17/49 | €554,674 | €509,794 | -€44,880 | -8.1% |
| Amounts payable after more than one year | 17 | €117,160 | €100,027 | -€17,133 | -14.6% |
| Financial debts | 170/4 | €117,160 | €100,027 | -€17,133 | -14.6% |
| Amounts payable within one year | 42/48 | €437,513 | €409,767 | -€27,747 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €2,060 | €9,599 | +€7,539 | +366% |
| Trade debts | 44 | €1,382 | €632 | -€750 | -54.2% |
| Suppliers | 440/4 | €1,382 | €632 | -€750 | -54.2% |
| Taxes, remuneration and social security | 45 | €6,513 | €7,738 | +€1,225 | +18.8% |
| Taxes | 450/3 | €528 | €4,694 | +€4,166 | +789% |
| Remuneration and social security | 454/9 | €5,985 | €3,044 | -€2,941 | -49.1% |
| Other amounts payable | 47/48 | €427,558 | €391,797 | -€35,761 | -8.4% |
| Remuneration, social security and pensions | 62 | €52,367 | €19,347 | -€33,020 | -63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,258 | €26,436 | -€3,822 | -12.6% |
| Other operating charges | 640/8 | €4,862 | €3,970 | -€892 | -18.3% |
| Gross operating margin | 9900 | €102,122 | €69,301 | -€32,822 | -32.1% |
| Operating profit (loss) | 9901 | €14,635 | €19,548 | +€4,913 | +33.6% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €3,840 | €2,655 | -€1,186 | -30.9% |
| Recurring financial charges | 65 | €3,840 | €2,655 | -€1,186 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €10,795 | €16,947 | +€6,152 | +57.0% |
| Income taxes | 67/77 | €2,253 | €5,304 | +€3,052 | +135% |
| Profit (loss) for the period | 9904 | €8,542 | €11,643 | +€3,101 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,542 | €11,643 | +€3,101 | +36.3% |
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 13 October 2026 via checked.be.