IMMO MTS: 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 MTS
Largest movements
- Current investments -€718,686
down €718,686 (-96.1%), from €747,601 to €28,914
- Tangible fixed assets +€355,310
up €355,310 (+22.3%), from €1.6m to €1.9m
of which Land and buildings: +€361,162
- Receivables within one year -€298,230
down €298,230 (-94.0%), from €317,312 to €19,081
of which Trade receivables: -€312,392
- Cash +€270,254
up €270,254 (+60.6%), from €446,120 to €716,374
mainly Current investments (+€718,686) and Receivables within one year (+€298,230)
- Trade debts -€306,921
down €306,921 (-96.8%), from €316,984 to €10,063
- Reserves -€47,279
down €47,279 (-1.9%), from €2.4m to €2.4m
of which Tax-exempt reserves: -€50,082
- Gross operating margin -€559,081
down €559,081 (-84.2%), from €663,647 to €104,566
- Depreciation +€40,451
up €40,451 (+32.6%), from €124,134 to €164,585
- Financial charges +€13,143
up €13,143 (+84.1%), from -€15,635 to -€2,492
- Taxes -€8,085
down €8,085 (-72.2%), from €11,193 to €3,108
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 | €3,105,102 | €2,715,810 | -€389,292 | -12.5% |
| Fixed assets | 21/28 | €1,592,198 | €1,947,508 | +€355,310 | +22.3% |
| Tangible fixed assets | 22/27 | €1,592,198 | €1,947,508 | +€355,310 | +22.3% |
| Land and buildings | 22 | €1,581,744 | €1,942,906 | +€361,162 | +22.8% |
| Furniture and vehicles | 24 | €10,454 | €4,602 | -€5,852 | -56.0% |
| Current assets | 29/58 | €1,512,904 | €768,302 | -€744,602 | -49.2% |
| Amounts receivable within one year | 40/41 | €317,312 | €19,081 | -€298,230 | -94.0% |
| Trade receivables | 40 | €312,392 | - | -€312,392 | |
| Other amounts receivable | 41 | €4,920 | €19,081 | +€14,162 | +288% |
| Current investments | 50/53 | €747,601 | €28,914 | -€718,686 | -96.1% |
| Cash at bank and in hand | 54/58 | €446,120 | €716,374 | +€270,254 | +60.6% |
| Deferred charges and accrued income | 490/1 | €1,871 | €3,932 | +€2,061 | +110% |
| Total equity and liabilities | 10/49 | €3,105,102 | €2,715,810 | -€389,292 | -12.5% |
| Equity | 10/15 | €2,555,049 | €2,507,770 | -€47,279 | -1.9% |
| Contributions | 10/11 | €123,473 | €123,473 | = | 0.0% |
| Capital | 10 | €123,473 | €123,473 | = | 0.0% |
| Issued capital | 100 | €123,473 | €123,473 | = | 0.0% |
| Reserves | 13 | €2,431,576 | €2,384,296 | -€47,279 | -1.9% |
| Non-distributable reserves | 130/1 | €30,397 | €30,397 | = | 0.0% |
| Legal reserve | 130 | €30,397 | €30,397 | = | 0.0% |
| Tax-exempt reserves | 132 | €729,070 | €678,988 | -€50,082 | -6.9% |
| Distributable reserves | 133 | €1,672,108 | €1,674,911 | +€2,803 | +0.2% |
| Provisions and deferred taxes | 16 | €203,185 | €187,683 | -€15,502 | -7.6% |
| Deferred taxes | 168 | €203,185 | €187,683 | -€15,502 | -7.6% |
| Amounts payable | 17/49 | €346,868 | €20,358 | -€326,510 | -94.1% |
| Amounts payable after more than one year | 17 | - | €120 | +€120 | |
| Other amounts payable | 178/9 | - | €120 | +€120 | |
| Amounts payable within one year | 42/48 | €340,726 | €20,238 | -€320,488 | -94.1% |
| Trade debts | 44 | €316,984 | €10,063 | -€306,921 | -96.8% |
| Suppliers | 440/4 | €316,984 | €10,063 | -€306,921 | -96.8% |
| Taxes, remuneration and social security | 45 | €3,940 | - | -€3,940 | |
| Taxes | 450/3 | €3,940 | - | -€3,940 | |
| Other amounts payable | 47/48 | €19,802 | €10,175 | -€9,627 | -48.6% |
| Accrued charges and deferred income | 492/3 | €6,142 | - | -€6,142 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,134 | €164,585 | +€40,451 | +32.6% |
| Other operating charges | 640/8 | €19,438 | €18,493 | -€945 | -4.9% |
| Gross operating margin | 9900 | €663,647 | €104,566 | -€559,081 | -84.2% |
| Operating profit (loss) | 9901 | €520,075 | -€78,513 | -€598,588 | |
| Financial income | 75/76B | €20,546 | €16,347 | -€4,199 | -20.4% |
| Recurring financial income | 75 | €20,546 | €16,347 | -€4,199 | -20.4% |
| Financial charges | 65/66B | -€15,635 | -€2,492 | +€13,143 | +84.1% |
| Recurring financial charges | 65 | -€15,635 | -€2,492 | +€13,143 | +84.1% |
| Profit (loss) for the period before taxes | 9903 | €556,256 | -€59,673 | -€615,930 | |
| Transfer from deferred taxes | 780 | €15,213 | €15,502 | +€289 | +1.9% |
| Transfer to deferred taxes | 680 | €142,310 | - | -€142,310 | |
| Income taxes | 67/77 | €11,193 | €3,108 | -€8,085 | -72.2% |
| Profit (loss) for the period | 9904 | €417,966 | -€47,279 | -€465,246 | |
| Transfer from tax-exempt reserves | 789 | €49,215 | €50,082 | +€867 | +1.8% |
| Transfer to tax-exempt reserves | 689 | €426,929 | - | -€426,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,252 | €2,803 | -€37,449 | -93.0% |
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 22 October 2026 via checked.be.