IMMO OLBRECHTS: 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 OLBRECHTS
Largest movements
- Receivables after one year +€4,277
up €4,277 (+5.6%), from €76,784 to €81,061
- Reserves +€4,356
up €4,356 (+7.6%), from €57,519 to €61,875
of which Non-distributable reserves: +€6,200
- Other debts -€1,623
down €1,623 (-97.4%), from €1,666 to €43
- Gross operating margin +€1,904
up €1,904 (+99.9%), from €1,907 to €3,811
- Other operating charges +€411
up €411 (+41.5%), from €989 to €1,400
- Taxes +€309
up €309 (+18.4%), from €1,685 to €1,994
- Financial income -€240
down €240 (-5.3%), from €4,517 to €4,277
- Financial charges +€73
up €73 (+27.4%), from €265 to €338
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 | €122,112 | €126,102 | +€3,989 | +3.3% |
| Fixed assets | 21/28 | €44,621 | €44,621 | = | 0.0% |
| Tangible fixed assets | 22/27 | €44,621 | €44,621 | = | 0.0% |
| Land and buildings | 22 | €44,621 | €44,621 | = | 0.0% |
| Current assets | 29/58 | €77,492 | €81,481 | +€3,989 | +5.1% |
| Amounts receivable after more than one year | 29 | €76,784 | €81,061 | +€4,277 | +5.6% |
| Other amounts receivable | 291 | €76,784 | €81,061 | +€4,277 | +5.6% |
| Amounts receivable within one year | 40/41 | €631 | €0 | -€631 | -100% |
| Other amounts receivable | 41 | €631 | €0 | -€631 | -100% |
| Cash at bank and in hand | 54/58 | €76 | €420 | +€344 | +451% |
| Total equity and liabilities | 10/49 | €122,112 | €126,102 | +€3,989 | +3.3% |
| Equity | 10/15 | €119,519 | €123,875 | +€4,356 | +3.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | - | €62,000 | +€62,000 | |
| Issued capital | 100 | - | €62,000 | +€62,000 | |
| Reserves | 13 | €57,519 | €61,875 | +€4,356 | +7.6% |
| Non-distributable reserves | 130/1 | - | €6,200 | +€6,200 | |
| Legal reserve | 130 | - | €6,200 | +€6,200 | |
| Distributable reserves | 133 | €57,519 | €55,675 | -€1,844 | -3.2% |
| Amounts payable | 17/49 | €2,594 | €2,226 | -€367 | -14.2% |
| Amounts payable within one year | 42/48 | €2,594 | €2,226 | -€367 | -14.2% |
| Trade debts | 44 | €442 | €904 | +€462 | +104% |
| Suppliers | 440/4 | €442 | €904 | +€462 | +104% |
| Taxes, remuneration and social security | 45 | €485 | €1,279 | +€794 | +164% |
| Taxes | 450/3 | €485 | €1,279 | +€794 | +164% |
| Other amounts payable | 47/48 | €1,666 | €43 | -€1,623 | -97.4% |
| Other operating charges | 640/8 | €989 | €1,400 | +€411 | +41.5% |
| Gross operating margin | 9900 | €1,907 | €3,811 | +€1,904 | +99.9% |
| Operating profit (loss) | 9901 | €918 | €2,412 | +€1,494 | +163% |
| Financial income | 75/76B | €4,517 | €4,277 | -€240 | -5.3% |
| Recurring financial income | 75 | €4,517 | €4,277 | -€240 | -5.3% |
| Financial charges | 65/66B | €265 | €338 | +€73 | +27.4% |
| Recurring financial charges | 65 | €265 | €338 | +€73 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €5,169 | €6,350 | +€1,181 | +22.9% |
| Income taxes | 67/77 | €1,685 | €1,994 | +€309 | +18.4% |
| Profit (loss) for the period | 9904 | €3,484 | €4,356 | +€872 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,484 | €4,356 | +€872 | +25.0% |
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 14 October 2026 via checked.be.