IMMO-NSK: 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-NSK
Largest movements
- Cash -€13,528
down €13,528 (-51.2%), from €26,418 to €12,890
mainly Other debts (-€29,554) and Receivables within one year (-€5,462)
- Receivables within one year +€5,462
up €5,462 (+29.4%), from €18,604 to €24,066
of which Other amounts receivable: +€6,770
- Deferred charges and accrued income +€2,029
new in 2025: €2,029
- Tangible fixed assets -€2,019
down €2,019 (-26.6%), from €7,582 to €5,563
- Other debts -€29,554
down €29,554 (-98.5%), from €30,000 to €446
- Trade debts +€14,680
up €14,680 (+18,378%), from €80 to €14,760
- Profit (loss) carried forward +€8,189
up €8,189 (+447%), from €1,831 to €10,020
- Tax, wage and social debts -€1,371
down €1,371 (-8.7%), from €15,693 to €14,322
of which Taxes: -€3,888
- Gross operating margin -€24,259
down €24,259 (-50.7%), from €47,887 to €23,629
- Other operating charges +€2,971
up €2,971 (+767%), from €387 to €3,358
- Depreciation +€2,660
up €2,660 (+112%), from €2,382 to €5,042
- Taxes -€2,184
down €2,184 (-25.7%), from €8,500 to €6,316
- Financial charges +€679
up €679 (+1,505%), from €45 to €724
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 | €52,604 | €44,547 | -€8,056 | -15.3% |
| Fixed assets | 21/28 | €7,582 | €5,563 | -€2,019 | -26.6% |
| Tangible fixed assets | 22/27 | €7,582 | €5,563 | -€2,019 | -26.6% |
| Furniture and vehicles | 24 | €7,582 | €5,563 | -€2,019 | -26.6% |
| Current assets | 29/58 | €45,022 | €38,985 | -€6,037 | -13.4% |
| Amounts receivable within one year | 40/41 | €18,604 | €24,066 | +€5,462 | +29.4% |
| Trade receivables | 40 | €18,374 | €17,066 | -€1,308 | -7.1% |
| Other amounts receivable | 41 | €230 | €7,000 | +€6,770 | +2,940% |
| Cash at bank and in hand | 54/58 | €26,418 | €12,890 | -€13,528 | -51.2% |
| Deferred charges and accrued income | 490/1 | - | €2,029 | +€2,029 | |
| Total equity and liabilities | 10/49 | €52,604 | €44,547 | -€8,056 | -15.3% |
| Equity | 10/15 | €6,831 | €15,020 | +€8,189 | +120% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,831 | €10,020 | +€8,189 | +447% |
| Amounts payable | 17/49 | €45,773 | €29,528 | -€16,245 | -35.5% |
| Amounts payable within one year | 42/48 | €45,773 | €29,528 | -€16,245 | -35.5% |
| Trade debts | 44 | €80 | €14,760 | +€14,680 | +18,378% |
| Suppliers | 440/4 | €80 | €14,760 | +€14,680 | +18,378% |
| Taxes, remuneration and social security | 45 | €15,693 | €14,322 | -€1,371 | -8.7% |
| Taxes | 450/3 | €15,693 | €11,805 | -€3,888 | -24.8% |
| Remuneration and social security | 454/9 | - | €2,517 | +€2,517 | |
| Other amounts payable | 47/48 | €30,000 | €446 | -€29,554 | -98.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,382 | €5,042 | +€2,660 | +112% |
| Other operating charges | 640/8 | €387 | €3,358 | +€2,971 | +767% |
| Gross operating margin | 9900 | €47,887 | €23,629 | -€24,259 | -50.7% |
| Operating profit (loss) | 9901 | €45,118 | €15,229 | -€29,889 | -66.2% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €45 | €724 | +€679 | +1,505% |
| Recurring financial charges | 65 | €45 | €724 | +€679 | +1,505% |
| Profit (loss) for the period before taxes | 9903 | €45,086 | €14,505 | -€30,581 | -67.8% |
| Income taxes | 67/77 | €8,500 | €6,316 | -€2,184 | -25.7% |
| Profit (loss) for the period | 9904 | €36,586 | €8,189 | -€28,397 | -77.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,586 | €8,189 | -€28,397 | -77.6% |
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 16 October 2026 via checked.be.