Immo Paint: 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 Paint
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+47.3%), from €2.2m to €3.3m
of which Land and buildings: +€998,553
- Cash +€179,020
up €179,020 (+182.7%), from €97,961 to €276,981
mainly Other debts (+€801,714) and Net result for the year (+€261,713)
- Receivables within one year -€166,892
down €166,892 (-58.4%), from €285,745 to €118,853
of which Other amounts receivable: -€150,913
- Other debts +€801,714
new in 2025: €801,714
- Reserves +€132,311
up €132,311 (+11.6%), from €1.1m to €1.3m
of which Tax-exempt reserves: +€132,311
- Profit (loss) carried forward +€129,402
up €129,402 (+12.3%), from €1.0m to €1.2m
- Current portion of long-term debt -€41,157
no longer reported in 2025 (was €41,157)
- Gross operating margin +€306,564
up €306,564 (+166.5%), from €184,148 to €490,711
- Taxes +€15,613
up €15,613 (+51.1%), from €30,548 to €46,160
- Financial income +€12,588
up €12,588 (+52690.7%), from €24 to €12,612
- Depreciation +€11,293
up €11,293 (+9.9%), from €114,208 to €125,501
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 | €3,051,707 | €4,110,099 | +€1.1m | +34.7% |
| Fixed assets | 21/28 | €2,668,001 | €3,714,264 | +€1.0m | +39.2% |
| Tangible fixed assets | 22/27 | €2,213,001 | €3,259,264 | +€1.0m | +47.3% |
| Land and buildings | 22 | €2,187,510 | €3,186,063 | +€998,553 | +45.6% |
| Furniture and vehicles | 24 | €25,491 | €69,202 | +€43,711 | +171.5% |
| Other tangible fixed assets | 26 | - | €4,000 | +€4,000 | |
| Financial fixed assets | 28 | €455,000 | €455,000 | = | 0.0% |
| Current assets | 29/58 | €383,706 | €395,834 | +€12,128 | +3.2% |
| Amounts receivable within one year | 40/41 | €285,745 | €118,853 | -€166,892 | -58.4% |
| Trade receivables | 40 | €134,832 | €118,853 | -€15,979 | -11.9% |
| Other amounts receivable | 41 | €150,913 | - | -€150,913 | |
| Cash at bank and in hand | 54/58 | €97,961 | €276,981 | +€179,020 | +182.7% |
| Total equity and liabilities | 10/49 | €3,051,707 | €4,110,099 | +€1.1m | +34.7% |
| Equity | 10/15 | €2,342,637 | €2,604,350 | +€261,713 | +11.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,144,812 | €1,277,123 | +€132,311 | +11.6% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €600,358 | €732,669 | +€132,311 | +22.0% |
| Distributable reserves | 133 | €529,454 | €529,454 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,047,825 | €1,177,227 | +€129,402 | +12.3% |
| Provisions and deferred taxes | 16 | €231,369 | €266,516 | +€35,148 | +15.2% |
| Deferred taxes | 168 | €231,369 | €266,516 | +€35,148 | +15.2% |
| Amounts payable | 17/49 | €477,702 | €1,239,233 | +€761,531 | +159.4% |
| Amounts payable after more than one year | 17 | €362,232 | €361,538 | -€694 | -0.2% |
| Financial debts | 170/4 | €362,232 | €361,538 | -€694 | -0.2% |
| Amounts payable within one year | 42/48 | €115,470 | €877,694 | +€762,224 | +660.1% |
| Current portion of amounts payable after more than one year | 42 | €41,157 | - | -€41,157 | |
| Trade debts | 44 | €40,662 | €20,583 | -€20,079 | -49.4% |
| Suppliers | 440/4 | €40,662 | €20,583 | -€20,079 | -49.4% |
| Taxes, remuneration and social security | 45 | €33,651 | €55,398 | +€21,747 | +64.6% |
| Taxes | 450/3 | €33,651 | €55,398 | +€21,747 | +64.6% |
| Other amounts payable | 47/48 | - | €801,714 | +€801,714 | |
| Remuneration, social security and pensions | 62 | €883 | €1,232 | +€349 | +39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,208 | €125,501 | +€11,293 | +9.9% |
| Other operating charges | 640/8 | €26,551 | €22,107 | -€4,444 | -16.7% |
| Gross operating margin | 9900 | €184,148 | €490,711 | +€306,564 | +166.5% |
| Operating profit (loss) | 9901 | €42,506 | €341,871 | +€299,365 | +704.3% |
| Financial income | 75/76B | €24 | €12,612 | +€12,588 | +52690.7% |
| Recurring financial income | 75 | €24 | €12,612 | +€12,588 | +52690.7% |
| Financial charges | 65/66B | €12,143 | €11,462 | -€681 | -5.6% |
| Recurring financial charges | 65 | €12,143 | €11,462 | -€681 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €30,386 | €343,021 | +€312,634 | +1028.9% |
| Transfer from deferred taxes | 780 | €25,375 | €27,247 | +€1,872 | +7.4% |
| Transfer to deferred taxes | 680 | - | €62,395 | +€62,395 | |
| Income taxes | 67/77 | €30,548 | €46,160 | +€15,613 | +51.1% |
| Profit (loss) for the period | 9904 | €25,214 | €261,713 | +€236,499 | +938.0% |
| Transfer from tax-exempt reserves | 789 | €49,258 | €54,873 | +€5,616 | +11.4% |
| Transfer to tax-exempt reserves | 689 | - | €187,184 | +€187,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,472 | €129,402 | +€54,930 | +73.8% |
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 8 October 2026 via checked.be.