IMMO NADS: 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 NADS
Largest movements
- Cash -€13,953
down €13,953 (-43.2%), from €32,330 to €18,377
mainly Net result for the year (-€17,575) and Receivables within one year (-€379)
- Tangible fixed assets -€3,889
down €3,889 (-7.0%), from €55,644 to €51,755
of which Land and buildings: -€3,445
- Profit (loss) carried forward -€17,575
down €17,575 (-157%), from -€11,188 to -€28,763
- Gross operating margin -€2,477
down €2,477 (-27.1%), from -€9,133 to -€11,610
- Financial income +€379
new in 2025: €379
- Financial charges +€260
new in 2025: €260
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 | €94,826 | €77,323 | -€17,502 | -18.5% |
| Fixed assets | 21/28 | €55,684 | €51,755 | -€3,929 | -7.1% |
| Tangible fixed assets | 22/27 | €55,644 | €51,755 | -€3,889 | -7.0% |
| Land and buildings | 22 | €55,200 | €51,755 | -€3,445 | -6.2% |
| Plant, machinery and equipment | 23 | €445 | €0 | -€445 | -100% |
| Financial fixed assets | 28 | €40 | €0 | -€40 | -100% |
| Current assets | 29/58 | €39,142 | €25,568 | -€13,573 | -34.7% |
| Amounts receivable within one year | 40/41 | €6,812 | €7,192 | +€379 | +5.6% |
| Other amounts receivable | 41 | €6,812 | €7,192 | +€379 | +5.6% |
| Cash at bank and in hand | 54/58 | €32,330 | €18,377 | -€13,953 | -43.2% |
| Total equity and liabilities | 10/49 | €94,826 | €77,323 | -€17,502 | -18.5% |
| Equity | 10/15 | €94,637 | €77,062 | -€17,575 | -18.6% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Contributions outside capital | 11 | €66,000 | €66,000 | = | 0.0% |
| Other | 1109/19 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €39,825 | €39,825 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,600 | €6,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,864 | €4,864 | = | 0.0% |
| Distributable reserves | 133 | €28,361 | €28,361 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,188 | -€28,763 | -€17,575 | -157% |
| Amounts payable | 17/49 | €188 | €261 | +€73 | +38.7% |
| Amounts payable within one year | 42/48 | €188 | €0 | -€188 | -100% |
| Trade debts | 44 | €188 | €0 | -€188 | -100% |
| Suppliers | 440/4 | €188 | €0 | -€188 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €261 | +€261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €3,889 | = | 0.0% |
| Other operating charges | 640/8 | €2,130 | €2,196 | +€65 | +3.1% |
| Gross operating margin | 9900 | -€9,133 | -€11,610 | -€2,477 | -27.1% |
| Operating profit (loss) | 9901 | -€15,152 | -€17,694 | -€2,542 | -16.8% |
| Financial income | 75/76B | - | €379 | +€379 | |
| Recurring financial income | 75 | - | €379 | +€379 | |
| Financial charges | 65/66B | - | €260 | +€260 | |
| Recurring financial charges | 65 | - | €260 | +€260 | |
| Profit (loss) for the period before taxes | 9903 | -€15,152 | -€17,575 | -€2,423 | -16.0% |
| Profit (loss) for the period | 9904 | -€15,152 | -€17,575 | -€2,423 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,152 | -€17,575 | -€2,423 | -16.0% |
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 17 October 2026 via checked.be.