IMMO PLAN MANAGEMENT: 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 PLAN MANAGEMENT
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+101%), from €2.1m to €4.3m
of which Trade receivables: +€3.2m
- Stocks and contracts +€1.4m
up €1.4m (+20,913%), from €6,755 to €1.4m
- Deferred charges and accrued income +€1.1m
up €1.1m (+14,326%), from €7,607 to €1.1m
- Cash +€624,826
up €624,826 (+20,653%), from €3,025 to €627,851
mainly Trade debts (+€3.3m) and Tax, wage and social debts (+€1.1m)
- Trade debts +€3.3m
up €3.3m (+24,106%), from €13,753 to €3.3m
- Tax, wage and social debts +€1.1m
up €1.1m (+5,100%), from €21,072 to €1.1m
- Short-term financial debts +€480,000
new in 2025: €480,000
- Reserves +€459,507
up €459,507 (+26.3%), from €1.7m to €2.2m
of which Distributable reserves: +€459,507
- Gross operating margin +€629,038
up €629,038, from -€47,181 to €581,857
- Taxes +€168,283
up €168,283, from -€413 to €167,870
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 | €2,470,183 | €7,748,144 | +€5.3m | +214% |
| Fixed assets | 21/28 | €305,459 | €287,119 | -€18,340 | -6.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €305,459 | €287,114 | -€18,346 | -6.0% |
| Land and buildings | 22 | €304,608 | €286,642 | -€17,966 | -5.9% |
| Furniture and vehicles | 24 | €851 | €472 | -€380 | -44.6% |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €2,164,724 | €7,461,025 | +€5.3m | +245% |
| Stocks and contracts in progress | 3 | €6,755 | €1,419,347 | +€1.4m | +20,913% |
| Stocks | 30/36 | €6,755 | €1,419,347 | +€1.4m | +20,913% |
| Amounts receivable within one year | 40/41 | €2,147,337 | €4,316,353 | +€2.2m | +101% |
| Trade receivables | 40 | €6,795 | €3,211,793 | +€3.2m | +47,167% |
| Other amounts receivable | 41 | €2,140,542 | €1,104,560 | -€1.0m | -48.4% |
| Cash at bank and in hand | 54/58 | €3,025 | €627,851 | +€624,826 | +20,653% |
| Deferred charges and accrued income | 490/1 | €7,607 | €1,097,474 | +€1.1m | +14,326% |
| Total equity and liabilities | 10/49 | €2,470,183 | €7,748,144 | +€5.3m | +214% |
| Equity | 10/15 | €1,880,193 | €2,339,700 | +€459,507 | +24.4% |
| Contributions | 10/11 | €131,384 | €131,384 | = | 0.0% |
| Capital | 10 | €131,384 | €131,384 | = | 0.0% |
| Issued capital | 100 | €131,384 | €131,384 | = | 0.0% |
| Reserves | 13 | €1,748,810 | €2,208,317 | +€459,507 | +26.3% |
| Non-distributable reserves | 130/1 | €13,138 | €13,138 | = | 0.0% |
| Legal reserve | 130 | €13,138 | €13,138 | = | 0.0% |
| Distributable reserves | 133 | €1,735,671 | €2,195,178 | +€459,507 | +26.5% |
| Amounts payable | 17/49 | €589,990 | €5,408,444 | +€4.8m | +817% |
| Amounts payable after more than one year | 17 | €355,775 | €304,950 | -€50,825 | -14.3% |
| Financial debts | 170/4 | €355,775 | €304,950 | -€50,825 | -14.3% |
| Amounts payable within one year | 42/48 | €226,866 | €5,096,293 | +€4.9m | +2,146% |
| Current portion of amounts payable after more than one year | 42 | €50,825 | €50,825 | = | 0.0% |
| Financial debts | 43 | - | €480,000 | +€480,000 | |
| Credit institutions | 430/8 | - | €480,000 | +€480,000 | |
| Trade debts | 44 | €13,753 | €3,329,169 | +€3.3m | +24,106% |
| Suppliers | 440/4 | €13,753 | €3,329,169 | +€3.3m | +24,106% |
| Taxes, remuneration and social security | 45 | €21,072 | €1,095,778 | +€1.1m | +5,100% |
| Taxes | 450/3 | €21,072 | €1,095,778 | +€1.1m | +5,100% |
| Other amounts payable | 47/48 | €141,216 | €140,521 | -€695 | -0.5% |
| Accrued charges and deferred income | 492/3 | €7,349 | €7,200 | -€149 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,166 | €18,346 | -€2,820 | -13.3% |
| Other operating charges | 640/8 | €10,318 | €10,634 | +€315 | +3.1% |
| Non-recurring operating charges | 66A | €19,892 | €0 | -€19,892 | -100% |
| Gross operating margin | 9900 | -€47,181 | €581,857 | +€629,038 | |
| Operating profit (loss) | 9901 | -€98,557 | €552,878 | +€651,435 | |
| Financial income | 75/76B | €90,710 | €85,711 | -€4,999 | -5.5% |
| Recurring financial income | 75 | €90,710 | €85,711 | -€4,999 | -5.5% |
| Financial charges | 65/66B | €8,586 | €11,212 | +€2,626 | +30.6% |
| Recurring financial charges | 65 | €8,586 | €11,212 | +€2,626 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,433 | €627,377 | +€643,810 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | -€413 | €167,870 | +€168,283 | |
| Profit (loss) for the period | 9904 | -€16,020 | €459,507 | +€475,527 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,020 | €459,507 | +€475,527 |
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 15 October 2026 via checked.be.