IMMO NURO: what changed
Two fiscal 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 NURO
Largest movements
- Tangible fixed assets -€46,876
down €46,876 (-4.3%), from €1.1m to €1.1m
- Debts after one year -€56,781
down €56,781 (-8.2%), from €695,083 to €638,302
- Other debts +€50,000
up €50,000 (+60.1%), from €83,214 to €133,214
- Reserves -€28,764
down €28,764 (-14.6%), from €196,649 to €167,885
of which Distributable reserves: -€25,807
- Gross operating margin +€23,258
up €23,258 (+90.9%), from €25,590 to €48,848
- Other operating charges +€13,123
up €13,123 (+217.5%), from €6,035 to €19,158
- Financial charges -€538
down €538 (-4.1%), from €13,102 to €12,564
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.
Cash bridge derived
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 | €1,113,359 | €1,074,784 | -€38,576 | -3.5% |
| Fixed assets | 21/28 | €1,098,223 | €1,051,347 | -€46,876 | -4.3% |
| Tangible fixed assets | 22/27 | €1,098,223 | €1,051,347 | -€46,876 | -4.3% |
| Land and buildings | 22 | €1,098,223 | €1,051,347 | -€46,876 | -4.3% |
| Current assets | 29/58 | €15,136 | €23,437 | +€8,301 | +54.8% |
| Amounts receivable within one year | 40/41 | €3,762 | - | -€3,762 | |
| Trade receivables | 40 | €3,762 | - | -€3,762 | |
| Cash at bank and in hand | 54/58 | €11,140 | €22,044 | +€10,904 | +97.9% |
| Deferred charges and accrued income | 490/1 | €234 | €1,393 | +€1,159 | +495.0% |
| Total equity and liabilities | 10/49 | €1,113,359 | €1,074,784 | -€38,576 | -3.5% |
| Equity | 10/15 | €258,649 | €229,885 | -€28,764 | -11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €196,649 | €167,885 | -€28,764 | -14.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,399 | €38,442 | -€2,957 | -7.1% |
| Distributable reserves | 133 | €149,049 | €123,242 | -€25,807 | -17.3% |
| Provisions and deferred taxes | 16 | €13,800 | €12,814 | -€986 | -7.1% |
| Deferred taxes | 168 | €13,800 | €12,814 | -€986 | -7.1% |
| Amounts payable | 17/49 | €840,911 | €832,085 | -€8,826 | -1.0% |
| Amounts payable after more than one year | 17 | €695,083 | €638,302 | -€56,781 | -8.2% |
| Financial debts | 170/4 | €695,083 | €638,302 | -€56,781 | -8.2% |
| Amounts payable within one year | 42/48 | €144,778 | €192,733 | +€47,955 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €55,868 | €56,781 | +€913 | +1.6% |
| Trade debts | 44 | €5,696 | €2,541 | -€3,155 | -55.4% |
| Suppliers | 440/4 | €5,696 | €2,541 | -€3,155 | -55.4% |
| Taxes, remuneration and social security | 45 | - | €197 | +€197 | |
| Taxes | 450/3 | - | €197 | +€197 | |
| Other amounts payable | 47/48 | €83,214 | €133,214 | +€50,000 | +60.1% |
| Accrued charges and deferred income | 492/3 | €1,050 | €1,050 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,876 | €46,876 | = | 0.0% |
| Other operating charges | 640/8 | €6,035 | €19,158 | +€13,123 | +217.5% |
| Gross operating margin | 9900 | €25,590 | €48,848 | +€23,258 | +90.9% |
| Operating profit (loss) | 9901 | -€27,321 | -€17,186 | +€10,135 | +37.1% |
| Financial charges | 65/66B | €13,102 | €12,564 | -€538 | -4.1% |
| Recurring financial charges | 65 | €13,102 | €12,564 | -€538 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | -€40,423 | -€29,750 | +€10,673 | +26.4% |
| Transfer from deferred taxes | 780 | €986 | €986 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€39,437 | -€28,764 | +€10,673 | +27.1% |
| Transfer from tax-exempt reserves | 789 | €2,957 | €2,957 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,480 | -€25,807 | +€10,673 | +29.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.