IMMO NOORD: 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 NOORD
Largest movements
- Current investments +€64,882
new in 2025: €64,882
- Cash -€55,281
down €55,281 (-74.3%), from €74,429 to €19,147
mainly Current investments (-€64,882) and Trade debts (-€566)
- Tangible fixed assets -€3,630
down €3,630 (-12.2%), from €29,667 to €26,037
of which Other tangible fixed assets: -€2,208
- Reserves +€6,880
up €6,880 (+115%), from €5,978 to €12,858
of which Distributable reserves: +€6,536
- Gross operating margin +€3,286
up €3,286 (+32.2%), from €10,208 to €13,494
- Other operating charges +€226
up €226 (+7.9%), from €2,863 to €3,089
- Taxes +€153
new in 2025: €153
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 | €129,419 | €135,389 | +€5,970 | +4.6% |
| Fixed assets | 21/28 | €29,667 | €26,037 | -€3,630 | -12.2% |
| Tangible fixed assets | 22/27 | €29,667 | €26,037 | -€3,630 | -12.2% |
| Land and buildings | 22 | €22,492 | €21,069 | -€1,422 | -6.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €7,175 | €4,967 | -€2,208 | -30.8% |
| Current assets | 29/58 | €99,752 | €109,352 | +€9,600 | +9.6% |
| Stocks and contracts in progress | 3 | €25,215 | €25,215 | = | 0.0% |
| Stocks | 30/36 | €25,215 | €25,215 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €108 | €108 | = | 0.0% |
| Other amounts receivable | 41 | €108 | €108 | = | 0.0% |
| Current investments | 50/53 | - | €64,882 | +€64,882 | |
| Cash at bank and in hand | 54/58 | €74,429 | €19,147 | -€55,281 | -74.3% |
| Total equity and liabilities | 10/49 | €129,419 | €135,389 | +€5,970 | +4.6% |
| Equity | 10/15 | €105,135 | €112,015 | +€6,880 | +6.5% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €5,978 | €12,858 | +€6,880 | +115% |
| Non-distributable reserves | 130/1 | €2,459 | €2,803 | +€344 | +14.0% |
| Legal reserve | 130 | €2,459 | €2,803 | +€344 | +14.0% |
| Distributable reserves | 133 | €3,519 | €10,055 | +€6,536 | +186% |
| Amounts payable | 17/49 | €24,284 | €23,374 | -€910 | -3.7% |
| Amounts payable within one year | 42/48 | €24,284 | €22,975 | -€1,310 | -5.4% |
| Trade debts | 44 | €628 | €62 | -€566 | -90.1% |
| Suppliers | 440/4 | €628 | €62 | -€566 | -90.1% |
| Taxes, remuneration and social security | 45 | €411 | €36 | -€375 | -91.3% |
| Taxes | 450/3 | €411 | €36 | -€375 | -91.3% |
| Other amounts payable | 47/48 | €23,245 | €22,877 | -€368 | -1.6% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,630 | €3,630 | = | 0.0% |
| Other operating charges | 640/8 | €2,863 | €3,089 | +€226 | +7.9% |
| Gross operating margin | 9900 | €10,208 | €13,494 | +€3,286 | +32.2% |
| Operating profit (loss) | 9901 | €3,715 | €6,774 | +€3,059 | +82.4% |
| Financial income | 75/76B | €360 | €392 | +€31 | +8.6% |
| Recurring financial income | 75 | €360 | €392 | +€31 | +8.6% |
| Financial charges | 65/66B | €154 | €133 | -€21 | -13.7% |
| Recurring financial charges | 65 | €154 | €133 | -€21 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €3,922 | €7,033 | +€3,111 | +79.3% |
| Income taxes | 67/77 | - | €153 | +€153 | |
| Profit (loss) for the period | 9904 | €3,922 | €6,880 | +€2,958 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,922 | €6,880 | +€2,958 | +75.4% |
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 21 October 2026 via checked.be.