IMMO NINO: 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 NINO
Largest movements
- Tangible fixed assets -€102,700
down €102,700 (-8.4%), from €1.2m to €1.1m
- Receivables within one year +€23,618
up €23,618 (+62.6%), from €37,754 to €61,372
of which Trade receivables: +€26,146
- Current portion of long-term debt -€171,603
down €171,603 (-78.6%), from €218,286 to €46,683
- Debts after one year +€66,377
up €66,377 (+10.0%), from €661,910 to €728,286
of which Other amounts payable: +€221,117
- Trade debts +€13,395
up €13,395 (+12.3%), from €109,022 to €122,417
- Financial charges +€6,595
up €6,595 (+12.7%), from €51,912 to €58,507
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 | €1,259,195 | €1,180,149 | -€79,046 | -6.3% |
| Fixed assets | 21/28 | €1,221,441 | €1,118,742 | -€102,700 | -8.4% |
| Tangible fixed assets | 22/27 | €1,221,441 | €1,118,742 | -€102,700 | -8.4% |
| Land and buildings | 22 | €1,221,441 | €1,118,742 | -€102,700 | -8.4% |
| Current assets | 29/58 | €37,754 | €61,407 | +€23,653 | +62.7% |
| Amounts receivable within one year | 40/41 | €37,754 | €61,372 | +€23,618 | +62.6% |
| Trade receivables | 40 | €35,226 | €61,372 | +€26,146 | +74.2% |
| Other amounts receivable | 41 | €2,528 | - | -€2,528 | |
| Cash at bank and in hand | 54/58 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €1,259,195 | €1,180,149 | -€79,046 | -6.3% |
| Equity | 10/15 | €87,966 | €95,478 | +€7,512 | +8.5% |
| Contributions | 10/11 | €42,000 | €42,000 | = | 0.0% |
| Reserves | 13 | €45,966 | €53,478 | +€7,512 | +16.3% |
| Distributable reserves | 133 | €45,966 | €53,478 | +€7,512 | +16.3% |
| Amounts payable | 17/49 | €1,171,229 | €1,084,671 | -€86,559 | -7.4% |
| Amounts payable after more than one year | 17 | €661,910 | €728,286 | +€66,377 | +10.0% |
| Financial debts | 170/4 | €474,583 | €319,843 | -€154,740 | -32.6% |
| Other amounts payable | 178/9 | €187,327 | €408,444 | +€221,117 | +118.0% |
| Amounts payable within one year | 42/48 | €509,320 | €356,384 | -€152,935 | -30.0% |
| Current portion of amounts payable after more than one year | 42 | €218,286 | €46,683 | -€171,603 | -78.6% |
| Financial debts | 43 | €28 | - | -€28 | |
| Credit institutions | 430/8 | €28 | - | -€28 | |
| Trade debts | 44 | €109,022 | €122,417 | +€13,395 | +12.3% |
| Suppliers | 440/4 | €109,022 | €122,417 | +€13,395 | +12.3% |
| Taxes, remuneration and social security | 45 | €7,483 | €12,784 | +€5,301 | +70.8% |
| Taxes | 450/3 | €7,483 | €12,784 | +€5,301 | +70.8% |
| Other amounts payable | 47/48 | €174,500 | €174,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,700 | €102,700 | +€0 | 0.0% |
| Other operating charges | 640/8 | €42,258 | €42,397 | +€139 | +0.3% |
| Gross operating margin | 9900 | €215,096 | €216,614 | +€1,519 | +0.7% |
| Operating profit (loss) | 9901 | €70,138 | €71,518 | +€1,379 | +2.0% |
| Financial charges | 65/66B | €51,912 | €58,507 | +€6,595 | +12.7% |
| Recurring financial charges | 65 | €51,912 | €58,507 | +€6,595 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €18,226 | €13,010 | -€5,216 | -28.6% |
| Income taxes | 67/77 | €7,286 | €5,498 | -€1,788 | -24.5% |
| Profit (loss) for the period | 9904 | €10,940 | €7,512 | -€3,428 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,940 | €7,512 | -€3,428 | -31.3% |
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 12 October 2026 via checked.be.