Immo Partners: 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 Partners
Largest movements
- Tangible fixed assets +€186,049
up €186,049 (+142%), from €131,420 to €317,469
- Cash +€10,744
up €10,744 (+15,979%), from €67 to €10,812
mainly Debts after one year (+€211,664) and Depreciation (+€36,127)
- Debts after one year +€211,664
up €211,664 (+223%), from €94,792 to €306,456
- Profit (loss) carried forward -€25,509
down €25,509 (-145%), from -€17,542 to -€43,051
- Current portion of long-term debt +€6,191
up €6,191 (+57.9%), from €10,694 to €16,884
- Other debts +€4,580
up €4,580 (+23.2%), from €19,761 to €24,341
- Depreciation +€29,090
up €29,090 (+413%), from €7,037 to €36,127
- Gross operating margin +€5,237
up €5,237 (+41.9%), from €12,506 to €17,743
- Financial charges -€835
down €835 (-15.0%), from €5,579 to €4,744
- Other operating charges +€743
up €743 (+45.4%), from €1,638 to €2,381
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 | €132,158 | €329,260 | +€197,102 | +149% |
| Fixed assets | 21/28 | €131,420 | €317,469 | +€186,049 | +142% |
| Tangible fixed assets | 22/27 | €131,420 | €317,469 | +€186,049 | +142% |
| Land and buildings | 22 | €131,420 | €317,469 | +€186,049 | +142% |
| Current assets | 29/58 | €737 | €11,791 | +€11,053 | +1,499% |
| Amounts receivable within one year | 40/41 | €670 | €979 | +€309 | +46.1% |
| Other amounts receivable | 41 | €670 | €979 | +€309 | +46.1% |
| Cash at bank and in hand | 54/58 | €67 | €10,812 | +€10,744 | +15,979% |
| Total equity and liabilities | 10/49 | €132,158 | €329,260 | +€197,102 | +149% |
| Equity | 10/15 | €870 | -€24,639 | -€25,509 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,413 | €8,413 | = | 0.0% |
| Distributable reserves | 133 | €8,413 | €8,413 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,542 | -€43,051 | -€25,509 | -145% |
| Amounts payable | 17/49 | €131,287 | €353,899 | +€222,611 | +170% |
| Amounts payable after more than one year | 17 | €94,792 | €306,456 | +€211,664 | +223% |
| Financial debts | 170/4 | €94,792 | €306,456 | +€211,664 | +223% |
| Amounts payable within one year | 42/48 | €36,095 | €47,043 | +€10,948 | +30.3% |
| Current portion of amounts payable after more than one year | 42 | €10,694 | €16,884 | +€6,191 | +57.9% |
| Trade debts | 44 | €5,640 | €5,817 | +€177 | +3.1% |
| Suppliers | 440/4 | €5,640 | €5,817 | +€177 | +3.1% |
| Other amounts payable | 47/48 | €19,761 | €24,341 | +€4,580 | +23.2% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,037 | €36,127 | +€29,090 | +413% |
| Other operating charges | 640/8 | €1,638 | €2,381 | +€743 | +45.4% |
| Gross operating margin | 9900 | €12,506 | €17,743 | +€5,237 | +41.9% |
| Operating profit (loss) | 9901 | €3,831 | -€20,765 | -€24,596 | |
| Financial charges | 65/66B | €5,579 | €4,744 | -€835 | -15.0% |
| Recurring financial charges | 65 | €5,579 | €4,744 | -€835 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,748 | -€25,509 | -€23,762 | -1,360% |
| Profit (loss) for the period | 9904 | -€1,748 | -€25,509 | -€23,762 | -1,360% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,748 | -€25,509 | -€23,762 | -1,360% |
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 19 October 2026 via checked.be.