IMMO NIANCO: 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 NIANCO
Largest movements
- Current investments -€364,908
down €364,908 (-3.3%), from €11.1m to €10.7m
- Tax, wage and social debts -€807,865
down €807,865 (-95.7%), from €844,116 to €36,252
of which Taxes: -€811,387
- Reserves +€383,000
up €383,000 (+3.5%), from €11.1m to €11.5m
of which Distributable reserves: +€383,000
- Financial income -€8.8m
down €8.8m (-94.0%), from €9.3m to €558,522
- Taxes -€784,305
down €784,305 (-91.5%), from €856,897 to €72,592
- Financial charges +€117,864
up €117,864 (+2,658%), from €4,434 to €122,298
- Depreciation +€9,210
new in 2025: €9,210
- Gross operating margin +€6,423
up €6,423 (+26.8%), from €23,960 to €30,383
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 | €12,943,696 | €12,542,897 | -€400,800 | -3.1% |
| Fixed assets | 21/28 | €1,681,719 | €1,720,770 | +€39,051 | +2.3% |
| Tangible fixed assets | 22/27 | €107,595 | €146,646 | +€39,051 | +36.3% |
| Land and buildings | 22 | €107,595 | €107,595 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €3,354 | +€3,354 | |
| Furniture and vehicles | 24 | - | €35,697 | +€35,697 | |
| Financial fixed assets | 28 | €1,574,124 | €1,574,124 | = | 0.0% |
| Current assets | 29/58 | €11,261,977 | €10,822,127 | -€439,851 | -3.9% |
| Amounts receivable within one year | 40/41 | €150 | €12,734 | +€12,584 | +8,389% |
| Trade receivables | 40 | €150 | €12,734 | +€12,584 | +8,389% |
| Current investments | 50/53 | €11,103,634 | €10,738,726 | -€364,908 | -3.3% |
| Cash at bank and in hand | 54/58 | €153,795 | €64,430 | -€89,365 | -58.1% |
| Deferred charges and accrued income | 490/1 | €4,399 | €6,237 | +€1,838 | +41.8% |
| Total equity and liabilities | 10/49 | €12,943,696 | €12,542,897 | -€400,800 | -3.1% |
| Equity | 10/15 | €12,051,519 | €12,433,925 | +€382,406 | +3.2% |
| Contributions | 10/11 | €950,000 | €950,000 | = | 0.0% |
| Capital | 10 | €950,000 | €950,000 | = | 0.0% |
| Issued capital | 100 | €950,000 | €950,000 | = | 0.0% |
| Reserves | 13 | €11,100,662 | €11,483,662 | +€383,000 | +3.5% |
| Non-distributable reserves | 130/1 | €226,162 | €226,162 | = | 0.0% |
| Legal reserve | 130 | €226,162 | €226,162 | = | 0.0% |
| Distributable reserves | 133 | €10,874,500 | €11,257,500 | +€383,000 | +3.5% |
| Profit (loss) carried forward | 14 | €857 | €263 | -€594 | -69.3% |
| Amounts payable | 17/49 | €892,178 | €108,971 | -€783,206 | -87.8% |
| Amounts payable within one year | 42/48 | €892,178 | €108,971 | -€783,206 | -87.8% |
| Trade debts | 44 | €4,694 | €5,264 | +€570 | +12.1% |
| Suppliers | 440/4 | €4,694 | €5,264 | +€570 | +12.1% |
| Taxes, remuneration and social security | 45 | €844,116 | €36,252 | -€807,865 | -95.7% |
| Taxes | 450/3 | €844,116 | €32,729 | -€811,387 | -96.1% |
| Remuneration and social security | 454/9 | - | €3,522 | +€3,522 | |
| Other amounts payable | 47/48 | €43,367 | €67,455 | +€24,088 | +55.5% |
| Remuneration, social security and pensions | 62 | - | €184 | +€184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,210 | +€9,210 | |
| Other operating charges | 640/8 | €2,052 | €2,214 | +€162 | +7.9% |
| Gross operating margin | 9900 | €23,960 | €30,383 | +€6,423 | +26.8% |
| Operating profit (loss) | 9901 | €21,907 | €18,775 | -€3,132 | -14.3% |
| Financial income | 75/76B | €9,320,325 | €558,522 | -€8.8m | -94.0% |
| Recurring financial income | 75 | €9,320,325 | €558,522 | -€8.8m | -94.0% |
| Financial charges | 65/66B | €4,434 | €122,298 | +€117,864 | +2,658% |
| Recurring financial charges | 65 | €4,434 | €122,298 | +€117,864 | +2,658% |
| Profit (loss) for the period before taxes | 9903 | €9,337,798 | €454,998 | -€8.9m | -95.1% |
| Income taxes | 67/77 | €856,897 | €72,592 | -€784,305 | -91.5% |
| Profit (loss) for the period | 9904 | €8,480,901 | €382,406 | -€8.1m | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,480,901 | €382,406 | -€8.1m | -95.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.