IMMO NANNAN: 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 NANNAN
Largest movements
- Stocks and contracts +€398,990
up €398,990 (+141%), from €282,212 to €681,201
- Cash -€136,896
down €136,896 (-86.7%), from €157,815 to €20,919
mainly Stocks and contracts (-€398,990) and Net result for the year (-€126,713)
- Receivables within one year +€32,190
up €32,190 (+1,210%), from €2,661 to €34,851
- Tangible fixed assets -€25,422
down €25,422 (-4.2%), from €611,004 to €585,582
of which Land and buildings: -€420,000
- Other debts +€457,733
up €457,733 (+53.0%), from €864,151 to €1.3m
- Profit (loss) carried forward -€126,713
down €126,713 (-74.6%), from -€169,826 to -€296,540
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts +€37,855
up €37,855 (+100,253%), from €38 to €37,893
- Gross operating margin -€59,492
down €59,492 (-116%), from -€51,173 to -€110,664
- Depreciation -€49,813
down €49,813 (-74.3%), from €67,035 to €17,222
- Financial charges -€9,038
down €9,038, from €7,574 to -€1,464
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 | €1,053,693 | €1,322,554 | +€268,861 | +25.5% |
| Fixed assets | 21/28 | €611,004 | €585,582 | -€25,422 | -4.2% |
| Tangible fixed assets | 22/27 | €611,004 | €585,582 | -€25,422 | -4.2% |
| Land and buildings | 22 | €543,044 | €123,044 | -€420,000 | -77.3% |
| Plant, machinery and equipment | 23 | €8,409 | €4,725 | -€3,685 | -43.8% |
| Furniture and vehicles | 24 | €59,551 | €46,013 | -€13,538 | -22.7% |
| Assets under construction and advance payments | 27 | - | €411,800 | +€411,800 | |
| Current assets | 29/58 | €442,688 | €736,972 | +€294,283 | +66.5% |
| Stocks and contracts in progress | 3 | €282,212 | €681,201 | +€398,990 | +141% |
| Stocks | 30/36 | €282,212 | €681,201 | +€398,990 | +141% |
| Amounts receivable within one year | 40/41 | €2,661 | €34,851 | +€32,190 | +1,210% |
| Other amounts receivable | 41 | €2,661 | €34,851 | +€32,190 | +1,210% |
| Cash at bank and in hand | 54/58 | €157,815 | €20,919 | -€136,896 | -86.7% |
| Total equity and liabilities | 10/49 | €1,053,693 | €1,322,554 | +€268,861 | +25.5% |
| Equity | 10/15 | €88,274 | -€38,440 | -€126,713 | |
| Contributions | 10/11 | €47,600 | €47,600 | = | 0.0% |
| Reserves | 13 | €210,500 | €210,500 | = | 0.0% |
| Distributable reserves | 133 | €210,500 | €210,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€169,826 | -€296,540 | -€126,713 | -74.6% |
| Amounts payable | 17/49 | €965,419 | €1,360,993 | +€395,574 | +41.0% |
| Amounts payable within one year | 42/48 | €965,419 | €1,360,993 | +€395,574 | +41.0% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €38 | €37,893 | +€37,855 | +100,253% |
| Suppliers | 440/4 | €38 | €37,893 | +€37,855 | +100,253% |
| Taxes, remuneration and social security | 45 | €1,231 | €1,216 | -€14 | -1.1% |
| Taxes | 450/3 | €28 | €16 | -€12 | -41.9% |
| Remuneration and social security | 454/9 | €1,202 | €1,200 | -€2 | -0.2% |
| Other amounts payable | 47/48 | €864,151 | €1,321,884 | +€457,733 | +53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,035 | €17,222 | -€49,813 | -74.3% |
| Other operating charges | 640/8 | €636 | €385 | -€250 | -39.4% |
| Gross operating margin | 9900 | -€51,173 | -€110,664 | -€59,492 | -116% |
| Operating profit (loss) | 9901 | -€118,843 | -€128,272 | -€9,429 | -7.9% |
| Financial charges | 65/66B | €7,574 | -€1,464 | -€9,038 | |
| Recurring financial charges | 65 | €7,574 | -€1,464 | -€9,038 | |
| Profit (loss) for the period before taxes | 9903 | -€126,418 | -€126,808 | -€390 | -0.3% |
| Income taxes | 67/77 | - | -€95 | -€95 | |
| Profit (loss) for the period | 9904 | -€126,418 | -€126,713 | -€296 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,418 | -€126,713 | -€296 | -0.2% |
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.