IMMO NOSTRA: 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 NOSTRA
Largest movements
- Receivables within one year +€41,274
up €41,274 (+59.9%), from €68,906 to €110,180
of which Other amounts receivable: +€44,107
- Cash +€30,727
up €30,727 (+38.9%), from €78,934 to €109,661
mainly Contributions, distributions and other (+€165,824) and Depreciation (+€88,125)
- Tangible fixed assets -€18,193
down €18,193 (-2.5%), from €717,671 to €699,478
of which Plant, machinery and equipment: -€12,716
- Reserves +€96,344
up €96,344 (+20.2%), from €476,080 to €572,424
- Profit (loss) carried forward -€43,134
down €43,134 (-15.2%), from -€283,820 to -€326,954
- Provisions +€32,115
up €32,115 (+20.2%), from €158,693 to €190,808
- Debts after one year -€31,200
down €31,200 (-6.8%), from €457,175 to €425,975
of which Financial debts: -€32,850
- Gross operating margin +€41,918
up €41,918 (+65.8%), from -€63,718 to -€21,800
- Write-downs -€35,023
no longer reported in 2025 (was €35,023)
- Depreciation +€20,252
up €20,252 (+29.8%), from €67,872 to €88,125
- Other operating charges +€8,510
up €8,510 (+108%), from €7,868 to €16,377
- Financial income +€2,762
up €2,762 (+139%), from €1,993 to €4,755
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 | €866,030 | €919,956 | +€53,927 | +6.2% |
| Fixed assets | 21/28 | €717,671 | €699,478 | -€18,193 | -2.5% |
| Tangible fixed assets | 22/27 | €717,671 | €699,478 | -€18,193 | -2.5% |
| Land and buildings | 22 | €140,819 | €136,330 | -€4,489 | -3.2% |
| Plant, machinery and equipment | 23 | €574,466 | €561,750 | -€12,716 | -2.2% |
| Furniture and vehicles | 24 | €2,386 | €1,398 | -€988 | -41.4% |
| Current assets | 29/58 | €148,359 | €220,478 | +€72,119 | +48.6% |
| Amounts receivable within one year | 40/41 | €68,906 | €110,180 | +€41,274 | +59.9% |
| Trade receivables | 40 | €3,223 | €390 | -€2,833 | -87.9% |
| Other amounts receivable | 41 | €65,683 | €109,790 | +€44,107 | +67.2% |
| Cash at bank and in hand | 54/58 | €78,934 | €109,661 | +€30,727 | +38.9% |
| Deferred charges and accrued income | 490/1 | €519 | €638 | +€119 | +22.9% |
| Total equity and liabilities | 10/49 | €866,030 | €919,956 | +€53,927 | +6.2% |
| Equity | 10/15 | €210,739 | €263,950 | +€53,210 | +25.2% |
| Contributions | 10/11 | €18,480 | €18,480 | = | 0.0% |
| Capital | 10 | €18,480 | - | -€18,480 | |
| Issued capital | 100 | €18,480 | - | -€18,480 | |
| Reserves | 13 | €476,080 | €572,424 | +€96,344 | +20.2% |
| Tax-exempt reserves | 132 | €476,080 | €572,424 | +€96,344 | +20.2% |
| Profit (loss) carried forward | 14 | -€283,820 | -€326,954 | -€43,134 | -15.2% |
| Provisions and deferred taxes | 16 | €158,693 | €190,808 | +€32,115 | +20.2% |
| Deferred taxes | 168 | €158,693 | €190,808 | +€32,115 | +20.2% |
| Amounts payable | 17/49 | €496,597 | €465,199 | -€31,398 | -6.3% |
| Amounts payable after more than one year | 17 | €457,175 | €425,975 | -€31,200 | -6.8% |
| Financial debts | 170/4 | €455,120 | €422,270 | -€32,850 | -7.2% |
| Other amounts payable | 178/9 | €2,055 | €3,705 | +€1,650 | +80.3% |
| Amounts payable within one year | 42/48 | €39,422 | €39,224 | -€198 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €34,325 | €35,398 | +€1,072 | +3.1% |
| Trade debts | 44 | €5,096 | €3,826 | -€1,270 | -24.9% |
| Suppliers | 440/4 | €5,096 | €3,826 | -€1,270 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,872 | €88,125 | +€20,252 | +29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €35,023 | - | -€35,023 | |
| Other operating charges | 640/8 | €7,868 | €16,377 | +€8,510 | +108% |
| Gross operating margin | 9900 | -€63,718 | -€21,800 | +€41,918 | +65.8% |
| Operating profit (loss) | 9901 | -€174,481 | -€126,301 | +€48,179 | +27.6% |
| Financial income | 75/76B | €1,993 | €4,755 | +€2,762 | +139% |
| Recurring financial income | 75 | €1,993 | €4,755 | +€2,762 | +139% |
| Financial charges | 65/66B | €15,021 | €14,227 | -€793 | -5.3% |
| Recurring financial charges | 65 | €15,021 | €14,227 | -€793 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€187,508 | -€135,774 | +€51,734 | +27.6% |
| Transfer from deferred taxes | 780 | €17,633 | €23,160 | +€5,527 | +31.3% |
| Profit (loss) for the period | 9904 | -€169,876 | -€112,614 | +€57,262 | +33.7% |
| Transfer from tax-exempt reserves | 789 | €52,898 | €69,480 | +€16,582 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,978 | -€43,134 | +€73,844 | +63.1% |
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 13 October 2026 via checked.be.