Immo Noor & Co: 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 Noor & Co
Largest movements
- Cash -€38,909
down €38,909 (-94.0%), from €41,410 to €2,501
mainly Debts after one year (-€33,624) and Other debts (-€25,356)
- Deferred charges and accrued income +€16,050
up €16,050 (+4,587%), from €350 to €16,400
- Tangible fixed assets -€8,013
down €8,013 (-3.6%), from €220,631 to €212,618
- Profit (loss) carried forward +€34,083
new in 2025: €34,083
- Debts after one year -€33,624
down €33,624 (-30.6%), from €110,026 to €76,402
- Other debts -€25,356
down €25,356 (-91.3%), from €27,780 to €2,424
- Accrued charges and deferred income -€12,029
no longer reported in 2025 (was €12,029)
- Trade debts +€4,349
up €4,349 (+369%), from €1,179 to €5,528
- Gross operating margin +€4,132
up €4,132 (+7.1%), from €58,234 to €62,366
- Other operating charges +€708
up €708 (+10.5%), from €6,729 to €7,437
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 | €265,073 | €234,558 | -€30,514 | -11.5% |
| Fixed assets | 21/28 | €220,631 | €212,618 | -€8,013 | -3.6% |
| Tangible fixed assets | 22/27 | €220,631 | €212,618 | -€8,013 | -3.6% |
| Land and buildings | 22 | €220,631 | €212,618 | -€8,013 | -3.6% |
| Current assets | 29/58 | €44,442 | €21,940 | -€22,502 | -50.6% |
| Amounts receivable within one year | 40/41 | €2,682 | €3,039 | +€357 | +13.3% |
| Trade receivables | 40 | €2,682 | €3,039 | +€357 | +13.3% |
| Cash at bank and in hand | 54/58 | €41,410 | €2,501 | -€38,909 | -94.0% |
| Deferred charges and accrued income | 490/1 | €350 | €16,400 | +€16,050 | +4,587% |
| Total equity and liabilities | 10/49 | €265,073 | €234,558 | -€30,514 | -11.5% |
| Equity | 10/15 | €65,867 | €99,950 | +€34,083 | +51.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €63,867 | €63,867 | = | 0.0% |
| Distributable reserves | 133 | €63,867 | €63,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €34,083 | +€34,083 | |
| Amounts payable | 17/49 | €199,206 | €134,609 | -€64,597 | -32.4% |
| Amounts payable after more than one year | 17 | €110,026 | €76,402 | -€33,624 | -30.6% |
| Financial debts | 170/4 | €110,026 | €76,402 | -€33,624 | -30.6% |
| Amounts payable within one year | 42/48 | €77,151 | €58,207 | -€18,944 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €32,631 | €33,624 | +€993 | +3.0% |
| Trade debts | 44 | €1,179 | €5,528 | +€4,349 | +369% |
| Suppliers | 440/4 | €1,179 | €5,528 | +€4,349 | +369% |
| Taxes, remuneration and social security | 45 | €15,561 | €16,631 | +€1,070 | +6.9% |
| Taxes | 450/3 | €15,561 | €16,631 | +€1,070 | +6.9% |
| Other amounts payable | 47/48 | €27,780 | €2,424 | -€25,356 | -91.3% |
| Accrued charges and deferred income | 492/3 | €12,029 | - | -€12,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,726 | €8,013 | +€286 | +3.7% |
| Other operating charges | 640/8 | €6,729 | €7,437 | +€708 | +10.5% |
| Gross operating margin | 9900 | €58,234 | €62,366 | +€4,132 | +7.1% |
| Operating profit (loss) | 9901 | €43,778 | €46,917 | +€3,138 | +7.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €4,923 | €4,320 | -€603 | -12.3% |
| Recurring financial charges | 65 | €4,923 | €4,320 | -€603 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €38,855 | €42,604 | +€3,748 | +9.6% |
| Income taxes | 67/77 | €8,111 | €8,521 | +€410 | +5.1% |
| Profit (loss) for the period | 9904 | €30,745 | €34,083 | +€3,338 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,745 | €34,083 | +€3,338 | +10.9% |
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 28 October 2026 via checked.be.