IMMO-NAMUR: 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-NAMUR
Largest movements
- Receivables after one year -€13,250
down €13,250 (-7.1%), from €185,500 to €172,250
- Accrued charges and deferred income -€13,250
down €13,250 (-6.7%), from €198,750 to €185,500
- Gross operating margin -€636
down €636 (-15.7%), from €4,041 to €3,405
- Taxes -€258
down €258 (-26.7%), from €966 to €708
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 | €375,809 | €364,721 | -€11,087 | -3.0% |
| Fixed assets | 21/28 | €171,704 | €171,704 | = | 0.0% |
| Tangible fixed assets | 22/27 | €171,704 | €171,704 | = | 0.0% |
| Land and buildings | 22 | €171,704 | €171,704 | = | 0.0% |
| Current assets | 29/58 | €204,105 | €193,018 | -€11,087 | -5.4% |
| Amounts receivable after more than one year | 29 | €185,500 | €172,250 | -€13,250 | -7.1% |
| Other amounts receivable | 291 | €185,500 | €172,250 | -€13,250 | -7.1% |
| Amounts receivable within one year | 40/41 | €13,250 | €13,250 | = | 0.0% |
| Other amounts receivable | 41 | €13,250 | €13,250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,064 | €7,227 | +€2,163 | +42.7% |
| Deferred charges and accrued income | 490/1 | €290 | €290 | = | 0.0% |
| Total equity and liabilities | 10/49 | €375,809 | €364,721 | -€11,087 | -3.0% |
| Equity | 10/15 | €174,771 | €176,716 | +€1,945 | +1.1% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Capital | 10 | €66,000 | €66,000 | = | 0.0% |
| Issued capital | 100 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €6,600 | €6,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,600 | €6,600 | = | 0.0% |
| Legal reserve | 130 | €6,600 | €6,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,171 | €104,116 | +€1,945 | +1.9% |
| Amounts payable | 17/49 | €201,038 | €188,005 | -€13,032 | -6.5% |
| Amounts payable within one year | 42/48 | €2,288 | €2,505 | +€218 | +9.5% |
| Trade debts | 44 | €470 | €894 | +€423 | +90.0% |
| Suppliers | 440/4 | €470 | €894 | +€423 | +90.0% |
| Taxes, remuneration and social security | 45 | €1,817 | €1,611 | -€206 | -11.3% |
| Taxes | 450/3 | €1,817 | €1,611 | -€206 | -11.3% |
| Accrued charges and deferred income | 492/3 | €198,750 | €185,500 | -€13,250 | -6.7% |
| Other operating charges | 640/8 | €567 | €584 | +€16 | +2.9% |
| Gross operating margin | 9900 | €4,041 | €3,405 | -€636 | -15.7% |
| Operating profit (loss) | 9901 | €3,474 | €2,822 | -€652 | -18.8% |
| Financial charges | 65/66B | €159 | €168 | +€9 | +5.8% |
| Recurring financial charges | 65 | €159 | €168 | +€9 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €3,315 | €2,653 | -€661 | -20.0% |
| Income taxes | 67/77 | €966 | €708 | -€258 | -26.7% |
| Profit (loss) for the period | 9904 | €2,349 | €1,945 | -€404 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,349 | €1,945 | -€404 | -17.2% |
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 20 October 2026 via checked.be.