Immo Neck: what changed
Two fiscal 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 Neck
Largest movements
- Current investments +€31,500
new in 2025: €31,500
- Tangible fixed assets -€26,926
down €26,926 (-3.2%), from €830,387 to €803,460
- Cash -€11,033
down €11,033 (-71.1%), from €15,524 to €4,492
mainly Debts after one year (-€36,872) and Current investments (-€31,500)
- Debts after one year -€36,872
down €36,872 (-6.0%), from €613,400 to €576,528
- Reserves +€29,913
up €29,913 (+25.1%), from €119,174 to €149,087
of which Distributable reserves: +€29,913
- Gross operating margin +€9,615
up €9,615 (+13.1%), from €73,233 to €82,849
- Other operating charges -€6,939
down €6,939 (-51.0%), from €13,615 to €6,676
- Taxes +€5,341
up €5,341 (+63.8%), from €8,376 to €13,717
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.
Cash bridge derived
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 | €861,325 | €853,485 | -€7,840 | -0.9% |
| Fixed assets | 21/28 | €831,236 | €804,310 | -€26,926 | -3.2% |
| Tangible fixed assets | 22/27 | €830,387 | €803,460 | -€26,926 | -3.2% |
| Land and buildings | 22 | €830,387 | €803,460 | -€26,926 | -3.2% |
| Financial fixed assets | 28 | €849 | €849 | = | 0.0% |
| Current assets | 29/58 | €30,089 | €49,176 | +€19,086 | +63.4% |
| Amounts receivable within one year | 40/41 | €4,839 | €4,394 | -€445 | -9.2% |
| Trade receivables | 40 | €2,715 | €3,709 | +€994 | +36.6% |
| Other amounts receivable | 41 | €2,124 | €685 | -€1,439 | -67.8% |
| Current investments | 50/53 | - | €31,500 | +€31,500 | |
| Cash at bank and in hand | 54/58 | €15,524 | €4,492 | -€11,033 | -71.1% |
| Deferred charges and accrued income | 490/1 | €9,726 | €8,790 | -€936 | -9.6% |
| Total equity and liabilities | 10/49 | €861,325 | €853,485 | -€7,840 | -0.9% |
| Equity | 10/15 | €200,392 | €229,583 | +€29,191 | +14.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €119,174 | €149,087 | +€29,913 | +25.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €112,974 | €142,887 | +€29,913 | +26.5% |
| Investment grants | 15 | €19,218 | €18,496 | -€722 | -3.8% |
| Amounts payable | 17/49 | €660,933 | €623,902 | -€37,031 | -5.6% |
| Amounts payable after more than one year | 17 | €613,400 | €576,528 | -€36,872 | -6.0% |
| Financial debts | 170/4 | €613,400 | €576,528 | -€36,872 | -6.0% |
| Amounts payable within one year | 42/48 | €40,833 | €40,563 | -€270 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €36,519 | €36,872 | +€353 | +1.0% |
| Financial debts | 43 | €0 | €0 | = | 0.0% |
| Credit institutions | 430/8 | €0 | €0 | = | 0.0% |
| Trade debts | 44 | €4,314 | - | -€4,314 | |
| Suppliers | 440/4 | €4,314 | - | -€4,314 | |
| Taxes, remuneration and social security | 45 | - | €3,691 | +€3,691 | |
| Taxes | 450/3 | - | €3,691 | +€3,691 | |
| Accrued charges and deferred income | 492/3 | €6,700 | €6,811 | +€111 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,926 | €26,926 | -€0 | 0.0% |
| Other operating charges | 640/8 | €13,615 | €6,676 | -€6,939 | -51.0% |
| Gross operating margin | 9900 | €73,233 | €82,849 | +€9,615 | +13.1% |
| Operating profit (loss) | 9901 | €32,692 | €49,246 | +€16,554 | +50.6% |
| Financial income | 75/76B | €722 | €810 | +€87 | +12.1% |
| Recurring financial income | 75 | €722 | €810 | +€87 | +12.1% |
| Financial charges | 65/66B | €6,567 | €6,426 | -€141 | -2.1% |
| Recurring financial charges | 65 | €6,567 | €6,426 | -€141 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €26,848 | €43,630 | +€16,783 | +62.5% |
| Income taxes | 67/77 | €8,376 | €13,717 | +€5,341 | +63.8% |
| Profit (loss) for the period | 9904 | €18,471 | €29,913 | +€11,442 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,471 | €29,913 | +€11,442 | +61.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.