IMMO N5: 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 N5
Largest movements
- Financial fixed assets -€18,000
down €18,000 (-48.6%), from €37,000 to €19,000
- Cash -€17,103
down €17,103 (-25.4%), from €67,226 to €50,123
mainly Current portion of long-term debt (-€13,277) and Other debts (-€7,952)
- Tangible fixed assets -€3,050
down €3,050 (-6.4%), from €47,809 to €44,759
of which Land and buildings: -€3,050
- Current portion of long-term debt -€13,277
no longer reported in 2025 (was €13,277)
- Other debts -€7,952
down €7,952 (-63.8%), from €12,458 to €4,506
- Tax, wage and social debts -€7,232
no longer reported in 2025 (was €7,232)
- Profit (loss) carried forward -€5,728
down €5,728 (-11.1%), from €51,547 to €45,819
- Trade debts -€4,383
down €4,383 (-92.8%), from €4,721 to €338
- Financial charges +€18,175
up €18,175 (+4,359%), from €417 to €18,592
of which Non-recurring financial charges: +€18,000
- Gross operating margin +€2,123
up €2,123 (+11.2%), from €18,895 to €21,018
- Taxes -€1,427
down €1,427 (-49.9%), from €2,861 to €1,434
- Depreciation -€859
down €859 (-22.0%), from €3,909 to €3,050
- Other operating charges +€546
up €546 (+17.5%), from €3,123 to €3,669
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 | €164,035 | €125,463 | -€38,572 | -23.5% |
| Fixed assets | 21/28 | €84,809 | €63,759 | -€21,050 | -24.8% |
| Tangible fixed assets | 22/27 | €47,809 | €44,759 | -€3,050 | -6.4% |
| Land and buildings | 22 | €47,809 | €44,759 | -€3,050 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Financial fixed assets | 28 | €37,000 | €19,000 | -€18,000 | -48.6% |
| Current assets | 29/58 | €79,226 | €61,703 | -€17,523 | -22.1% |
| Cash at bank and in hand | 54/58 | €67,226 | €50,123 | -€17,103 | -25.4% |
| Deferred charges and accrued income | 490/1 | €12,000 | €11,580 | -€420 | -3.5% |
| Total equity and liabilities | 10/49 | €164,035 | €125,463 | -€38,572 | -23.5% |
| Equity | 10/15 | €126,347 | €120,619 | -€5,728 | -4.5% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €6,800 | €6,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,547 | €45,819 | -€5,728 | -11.1% |
| Amounts payable | 17/49 | €37,688 | €4,844 | -€32,844 | -87.1% |
| Amounts payable within one year | 42/48 | €37,688 | €4,844 | -€32,844 | -87.1% |
| Current portion of amounts payable after more than one year | 42 | €13,277 | - | -€13,277 | |
| Trade debts | 44 | €4,721 | €338 | -€4,383 | -92.8% |
| Suppliers | 440/4 | €4,721 | €338 | -€4,383 | -92.8% |
| Taxes, remuneration and social security | 45 | €7,232 | - | -€7,232 | |
| Taxes | 450/3 | €7,232 | - | -€7,232 | |
| Other amounts payable | 47/48 | €12,458 | €4,506 | -€7,952 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,909 | €3,050 | -€859 | -22.0% |
| Other operating charges | 640/8 | €3,123 | €3,669 | +€546 | +17.5% |
| Gross operating margin | 9900 | €18,895 | €21,018 | +€2,123 | +11.2% |
| Operating profit (loss) | 9901 | €11,863 | €14,298 | +€2,435 | +20.5% |
| Financial charges | 65/66B | €417 | €18,592 | +€18,175 | +4,359% |
| Recurring financial charges | 65 | €417 | €592 | +€175 | +42.0% |
| Non-recurring financial charges | 66B | - | €18,000 | +€18,000 | |
| Profit (loss) for the period before taxes | 9903 | €11,446 | -€4,294 | -€15,740 | |
| Income taxes | 67/77 | €2,861 | €1,434 | -€1,427 | -49.9% |
| Profit (loss) for the period | 9904 | €8,585 | -€5,728 | -€14,313 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,585 | -€5,728 | -€14,313 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.