IMMO NAPOLEON: 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 NAPOLEON
Largest movements
- Tangible fixed assets -€82,443
down €82,443 (-6.6%), from €1.2m to €1.2m
- Cash +€13,336
up €13,336 (+151%), from €8,833 to €22,169
mainly Depreciation (+€86,281) and Current portion of long-term debt (+€625)
- Profit (loss) carried forward -€27,124
down €27,124 (-5.9%), from -€461,390 to -€488,514
- Debts after one year -€26,948
down €26,948 (-12.6%), from €213,132 to €186,184
- Other debts -€14,662
down €14,662 (-3.1%), from €473,408 to €458,747
- Gross operating margin +€5,747
up €5,747 (+8.7%), from €65,754 to €71,502
- Financial charges -€2,213
down €2,213 (-27.9%), from €7,930 to €5,717
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 | €1,260,016 | €1,191,863 | -€68,154 | -5.4% |
| Fixed assets | 21/28 | €1,248,944 | €1,166,501 | -€82,443 | -6.6% |
| Tangible fixed assets | 22/27 | €1,248,944 | €1,166,501 | -€82,443 | -6.6% |
| Land and buildings | 22 | €1,248,944 | €1,166,501 | -€82,443 | -6.6% |
| Current assets | 29/58 | €11,072 | €25,361 | +€14,289 | +129% |
| Cash at bank and in hand | 54/58 | €8,833 | €22,169 | +€13,336 | +151% |
| Deferred charges and accrued income | 490/1 | €2,240 | €3,192 | +€953 | +42.5% |
| Total equity and liabilities | 10/49 | €1,260,016 | €1,191,863 | -€68,154 | -5.4% |
| Equity | 10/15 | €546,610 | €519,486 | -€27,124 | -5.0% |
| Contributions | 10/11 | €1,008,000 | €1,008,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€461,390 | -€488,514 | -€27,124 | -5.9% |
| Amounts payable | 17/49 | €713,407 | €672,377 | -€41,030 | -5.8% |
| Amounts payable after more than one year | 17 | €213,132 | €186,184 | -€26,948 | -12.6% |
| Financial debts | 170/4 | €213,132 | €186,184 | -€26,948 | -12.6% |
| Amounts payable within one year | 42/48 | €499,732 | €485,695 | -€14,036 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €26,323 | €26,948 | +€625 | +2.4% |
| Other amounts payable | 47/48 | €473,408 | €458,747 | -€14,662 | -3.1% |
| Accrued charges and deferred income | 492/3 | €543 | €498 | -€45 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,099 | €86,281 | +€182 | +0.2% |
| Other operating charges | 640/8 | €6,426 | €6,628 | +€202 | +3.1% |
| Gross operating margin | 9900 | €65,754 | €71,502 | +€5,747 | +8.7% |
| Operating profit (loss) | 9901 | -€26,770 | -€21,407 | +€5,363 | +20.0% |
| Financial charges | 65/66B | €7,930 | €5,717 | -€2,213 | -27.9% |
| Recurring financial charges | 65 | €7,930 | €5,717 | -€2,213 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€34,700 | -€27,124 | +€7,576 | +21.8% |
| Profit (loss) for the period | 9904 | -€34,700 | -€27,124 | +€7,576 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,700 | -€27,124 | +€7,576 | +21.8% |
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 22 October 2026 via checked.be.