IMMO MRG: 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.
What changed
IMMO MRG
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€95,621
2024 · €878-€96,499
Equity
€2.5m
2024 · €2.6m-€95,621
Cash
€1,375
2024 · €9,980-€8,605
Balance sheet total
€4.1m
2024 · €4.1m-€67,356
Largest movements
Assets
- Tangible fixed assets -€56,090
down €56,090 (-1.4%), from €4.1m to €4.1m
Equity and liabilities
- Profit (loss) carried forward -€95,621
down €95,621, from €92,703 to -€2,919
- Trade debts +€68,549
up €68,549 (+101%), from €68,142 to €136,691
- Debts after one year -€57,062
down €57,062 (-16.5%), from €345,861 to €288,799
Income statement
- Gross operating margin -€106,985
down €106,985, from €99,743 to -€7,242
- Other operating charges -€11,294
down €11,294 (-66.5%), from €16,988 to €5,694
- Depreciation +€1,735
up €1,735 (+2.6%), from €67,592 to €69,328
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.
Result 2024
€878
Gross operating margin
-€106,985
Depreciation
-€1,735
Other operating charges
+€11,294
Financial income
+€14
Financial charges
+€685
Taxes
+€228
Result 2025
-€95,621
raises the resultlowers the result
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.
From operations
+€75,813
Investment
-€13,237
Financing
-€71,181
Cash 2024
€9,980
From operations (derived)
+€75,813
Net result for the year
-€95,621
Depreciation
+€69,328
Receivables within one year
+€2,309
Deferred charges and accrued income
+€352
Trade debts
+€68,549
Tax, wage and social debts
+€11,150
Other debts
+€19,946
Accrued charges and deferred income
-€198
Investment (derived)
-€13,237
Investment in fixed assets (net)
-€13,237
Financing
-€71,181
Debts after one year
-€57,062
Current portion of long-term debt
-€14,119
Cash 2025
€1,375
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,146,375 | €4,079,019 | -€67,356 | -1.6% |
| Fixed assets | 21/28 | €4,108,414 | €4,052,323 | -€56,090 | -1.4% |
| Tangible fixed assets | 22/27 | €4,108,414 | €4,052,323 | -€56,090 | -1.4% |
| Land and buildings | 22 | €4,108,414 | €4,052,323 | -€56,090 | -1.4% |
| Current assets | 29/58 | €37,962 | €26,696 | -€11,266 | -29.7% |
| Amounts receivable within one year | 40/41 | €26,450 | €24,141 | -€2,309 | -8.7% |
| Trade receivables | 40 | €26,220 | €16,009 | -€10,211 | -38.9% |
| Other amounts receivable | 41 | €230 | €8,132 | +€7,902 | +3,430% |
| Cash at bank and in hand | 54/58 | €9,980 | €1,375 | -€8,605 | -86.2% |
| Deferred charges and accrued income | 490/1 | €1,531 | €1,179 | -€352 | -23.0% |
| Total equity and liabilities | 10/49 | €4,146,375 | €4,079,019 | -€67,356 | -1.6% |
| Equity | 10/15 | €2,620,400 | €2,524,778 | -€95,621 | -3.6% |
| Contributions | 10/11 | €2,527,697 | €2,527,697 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,703 | -€2,919 | -€95,621 | |
| Amounts payable | 17/49 | €1,525,976 | €1,554,241 | +€28,265 | +1.9% |
| Amounts payable after more than one year | 17 | €345,861 | €288,799 | -€57,062 | -16.5% |
| Financial debts | 170/4 | €345,861 | €288,799 | -€57,062 | -16.5% |
| Amounts payable within one year | 42/48 | €1,178,999 | €1,264,525 | +€85,526 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €71,905 | €57,787 | -€14,119 | -19.6% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €68,142 | €136,691 | +€68,549 | +101% |
| Suppliers | 440/4 | €68,142 | €136,691 | +€68,549 | +101% |
| Taxes, remuneration and social security | 45 | €1,558 | €12,708 | +€11,150 | +716% |
| Taxes | 450/3 | €1,558 | €12,708 | +€11,150 | +716% |
| Other amounts payable | 47/48 | €987,393 | €1,007,339 | +€19,946 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,116 | €917 | -€198 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,592 | €69,328 | +€1,735 | +2.6% |
| Other operating charges | 640/8 | €16,988 | €5,694 | -€11,294 | -66.5% |
| Gross operating margin | 9900 | €99,743 | -€7,242 | -€106,985 | |
| Operating profit (loss) | 9901 | €15,163 | -€82,263 | -€97,427 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €14,043 | €13,358 | -€685 | -4.9% |
| Recurring financial charges | 65 | €14,043 | €13,358 | -€685 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €1,120 | -€95,607 | -€96,727 | |
| Income taxes | 67/77 | €242 | €15 | -€228 | -93.9% |
| Profit (loss) for the period | 9904 | €878 | -€95,621 | -€96,499 | |
| Profit (loss) for the period to be appropriated | 9905 | €878 | -€95,621 | -€96,499 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.