IMMO N.G.V.: 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 N.G.V.
Largest movements
- Tangible fixed assets -€7,946
down €7,946 (-10.4%), from €76,163 to €68,217
of which Land and buildings: -€4,468
- Current investments +€3,018
up €3,018 (+32.0%), from €9,420 to €12,438
- Current portion of long-term debt -€2,703
no longer reported in 2025 (was €2,703)
- Trade debts -€2,599
down €2,599 (-73.1%), from €3,556 to €956
- Profit (loss) carried forward +€1,394
up €1,394 (+13.8%), from €10,123 to €11,517
- Gross operating margin +€1,231
up €1,231 (+10.9%), from €11,258 to €12,489
- Taxes +€374
up €374 (+39.7%), from €941 to €1,315
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,776 | €113,869 | -€3,908 | -3.3% |
| Fixed assets | 21/28 | €76,163 | €68,217 | -€7,946 | -10.4% |
| Tangible fixed assets | 22/27 | €76,163 | €68,217 | -€7,946 | -10.4% |
| Land and buildings | 22 | €71,907 | €67,439 | -€4,468 | -6.2% |
| Leasing and similar rights | 25 | €4,256 | €778 | -€3,478 | -81.7% |
| Current assets | 29/58 | €41,613 | €45,651 | +€4,038 | +9.7% |
| Amounts receivable within one year | 40/41 | €32,092 | €32,830 | +€738 | +2.3% |
| Other amounts receivable | 41 | €32,092 | €32,830 | +€738 | +2.3% |
| Current investments | 50/53 | €9,420 | €12,438 | +€3,018 | +32.0% |
| Deferred charges and accrued income | 490/1 | €102 | €384 | +€282 | +276% |
| Total equity and liabilities | 10/49 | €117,776 | €113,869 | -€3,908 | -3.3% |
| Equity | 10/15 | €111,518 | €112,912 | +€1,394 | +1.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €80,935 | €80,935 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,935 | €10,935 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,123 | €11,517 | +€1,394 | +13.8% |
| Amounts payable | 17/49 | €6,258 | €956 | -€5,302 | -84.7% |
| Amounts payable within one year | 42/48 | €6,258 | €956 | -€5,302 | -84.7% |
| Current portion of amounts payable after more than one year | 42 | €2,703 | - | -€2,703 | |
| Trade debts | 44 | €3,556 | €956 | -€2,599 | -73.1% |
| Suppliers | 440/4 | €3,556 | €956 | -€2,599 | -73.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,948 | €7,947 | -€1 | 0.0% |
| Other operating charges | 640/8 | €1,495 | €1,544 | +€48 | +3.2% |
| Gross operating margin | 9900 | €11,258 | €12,489 | +€1,231 | +10.9% |
| Operating profit (loss) | 9901 | €1,815 | €2,998 | +€1,183 | +65.2% |
| Financial charges | 65/66B | €384 | €290 | -€95 | -24.6% |
| Recurring financial charges | 65 | €384 | €290 | -€95 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €1,431 | €2,708 | +€1,278 | +89.3% |
| Income taxes | 67/77 | €941 | €1,315 | +€374 | +39.7% |
| Profit (loss) for the period | 9904 | €489 | €1,393 | +€904 | +185% |
| Profit (loss) for the period to be appropriated | 9905 | €489 | €1,393 | +€904 | +185% |
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 26 October 2026 via checked.be.