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
- Receivables within one year +€76,955
up €76,955 (+55.3%), from €139,045 to €216,000
of which Trade receivables: +€131,155
- Cash +€23,271
up €23,271 (+64.3%), from €36,177 to €59,448
mainly Trade debts (+€86,554) and Tax, wage and social debts (+€61,965)
- Tangible fixed assets -€15,855
down €15,855 (-7.6%), from €207,767 to €191,912
of which Other tangible fixed assets: -€17,306
- Intangible fixed assets -€10,000
down €10,000 (-11.2%), from €88,909 to €78,909
- Trade debts +€86,554
up €86,554 (+63.6%), from €136,076 to €222,631
- Tax, wage and social debts +€61,965
up €61,965 (+53.7%), from €115,311 to €177,276
of which Taxes: +€41,693
- Other debts -€56,852
down €56,852 (-100%), from €56,852 to €0
- Debts after one year -€15,071
down €15,071 (-12.0%), from €125,131 to €110,060
- Profit (loss) carried forward +€7,914
up €7,914 (+46.8%), from €16,909 to €24,823
- Staff costs +€49,499
up €49,499 (+10.6%), from €465,172 to €514,671
- Gross operating margin +€45,825
up €45,825 (+8.5%), from €541,061 to €586,886
- Taxes -€18,401
down €18,401 (-76.8%), from €23,949 to €5,548
- Depreciation +€13,810
up €13,810 (+59.4%), from €23,238 to €37,048
- Financial charges +€6,557
up €6,557 (+64.6%), from €10,156 to €16,713
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 | €498,940 | €578,027 | +€79,087 | +15.9% |
| Fixed assets | 21/28 | €302,676 | €276,820 | -€25,855 | -8.5% |
| Intangible fixed assets | 21 | €88,909 | €78,909 | -€10,000 | -11.2% |
| Tangible fixed assets | 22/27 | €207,767 | €191,912 | -€15,855 | -7.6% |
| Plant, machinery and equipment | 23 | - | €2,612 | +€2,612 | |
| Furniture and vehicles | 24 | €27,988 | €26,827 | -€1,161 | -4.1% |
| Other tangible fixed assets | 26 | €179,779 | €162,473 | -€17,306 | -9.6% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €196,265 | €301,207 | +€104,942 | +53.5% |
| Amounts receivable within one year | 40/41 | €139,045 | €216,000 | +€76,955 | +55.3% |
| Trade receivables | 40 | €63,985 | €195,139 | +€131,155 | +205% |
| Other amounts receivable | 41 | €75,061 | €20,861 | -€54,200 | -72.2% |
| Cash at bank and in hand | 54/58 | €36,177 | €59,448 | +€23,271 | +64.3% |
| Deferred charges and accrued income | 490/1 | €21,042 | €25,758 | +€4,716 | +22.4% |
| Total equity and liabilities | 10/49 | €498,940 | €578,027 | +€79,087 | +15.9% |
| Equity | 10/15 | €41,909 | €49,823 | +€7,914 | +18.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,909 | €24,823 | +€7,914 | +46.8% |
| Amounts payable | 17/49 | €457,031 | €528,204 | +€71,173 | +15.6% |
| Amounts payable after more than one year | 17 | €125,131 | €110,060 | -€15,071 | -12.0% |
| Financial debts | 170/4 | €125,131 | €110,060 | -€15,071 | -12.0% |
| Amounts payable within one year | 42/48 | €322,688 | €414,978 | +€92,290 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €14,448 | €15,071 | +€623 | +4.3% |
| Trade debts | 44 | €136,076 | €222,631 | +€86,554 | +63.6% |
| Suppliers | 440/4 | €136,076 | €222,631 | +€86,554 | +63.6% |
| Taxes, remuneration and social security | 45 | €115,311 | €177,276 | +€61,965 | +53.7% |
| Taxes | 450/3 | €39,853 | €81,545 | +€41,693 | +105% |
| Remuneration and social security | 454/9 | €75,459 | €95,731 | +€20,272 | +26.9% |
| Other amounts payable | 47/48 | €56,852 | €0 | -€56,852 | -100% |
| Accrued charges and deferred income | 492/3 | €9,213 | €3,167 | -€6,046 | -65.6% |
| Non-recurring operating income | 76A | - | €4,458 | +€4,458 | |
| Remuneration, social security and pensions | 62 | €465,172 | €514,671 | +€49,499 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,238 | €37,048 | +€13,810 | +59.4% |
| Other operating charges | 640/8 | €7,520 | €7,284 | -€236 | -3.1% |
| Gross operating margin | 9900 | €541,061 | €586,886 | +€45,825 | +8.5% |
| Operating profit (loss) | 9901 | €45,130 | €27,883 | -€17,248 | -38.2% |
| Financial income | 75/76B | €5,884 | €2,292 | -€3,592 | -61.0% |
| Recurring financial income | 75 | €5,884 | €2,292 | -€3,592 | -61.0% |
| Financial charges | 65/66B | €10,156 | €16,713 | +€6,557 | +64.6% |
| Recurring financial charges | 65 | €10,156 | €16,713 | +€6,557 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €40,859 | €13,462 | -€27,396 | -67.1% |
| Income taxes | 67/77 | €23,949 | €5,548 | -€18,401 | -76.8% |
| Profit (loss) for the period | 9904 | €16,909 | €7,914 | -€8,995 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,909 | €7,914 | -€8,995 | -53.2% |
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 24 October 2026 via checked.be.