IMMO POLKA: 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 POLKA
Largest movements
- Tangible fixed assets -€86,416
down €86,416 (-7.8%), from €1.1m to €1.0m
of which Land and buildings: -€84,740
- Receivables within one year -€12,347
down €12,347 (-100.0%), from €12,347 to €0
- Profit (loss) carried forward -€37,957
down €37,957 (-27.5%), from -€138,045 to -€176,002
- Other debts -€27,840
down €27,840 (-6.6%), from €422,951 to €395,111
- Tax, wage and social debts -€16,665
down €16,665 (-53.9%), from €30,913 to €14,247
- Advances received -€11,616
down €11,616 (-100.0%), from €11,616 to €0
- Gross operating margin +€16,471
up €16,471 (+28.9%), from €56,982 to €73,453
- Depreciation -€12,018
down €12,018 (-14.2%), from €84,530 to €72,512
- Financial charges -€11,418
down €11,418 (-28.7%), from €39,791 to €28,373
- Other operating charges +€1,113
up €1,113 (+11.8%), from €9,413 to €10,526
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 | €1,149,922 | €1,058,616 | -€91,306 | -7.9% |
| Fixed assets | 21/28 | €1,113,264 | €1,026,848 | -€86,416 | -7.8% |
| Tangible fixed assets | 22/27 | €1,112,614 | €1,026,198 | -€86,416 | -7.8% |
| Land and buildings | 22 | €1,109,187 | €1,024,447 | -€84,740 | -7.6% |
| Plant, machinery and equipment | 23 | €3,426 | €1,750 | -€1,676 | -48.9% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €36,659 | €31,769 | -€4,890 | -13.3% |
| Amounts receivable within one year | 40/41 | €12,347 | €0 | -€12,347 | -100.0% |
| Trade receivables | 40 | €12,347 | €0 | -€12,347 | -100.0% |
| Cash at bank and in hand | 54/58 | €22,023 | €24,909 | +€2,886 | +13.1% |
| Deferred charges and accrued income | 490/1 | €2,290 | €6,860 | +€4,570 | +199.6% |
| Total equity and liabilities | 10/49 | €1,149,922 | €1,058,616 | -€91,306 | -7.9% |
| Equity | 10/15 | €681,821 | €643,864 | -€37,957 | -5.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €757,893 | €757,893 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €751,695 | €751,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,045 | -€176,002 | -€37,957 | -27.5% |
| Amounts payable | 17/49 | €468,101 | €414,752 | -€53,349 | -11.4% |
| Amounts payable within one year | 42/48 | €467,601 | €414,752 | -€52,849 | -11.3% |
| Trade debts | 44 | €2,121 | €5,394 | +€3,272 | +154.2% |
| Suppliers | 440/4 | €2,121 | €5,394 | +€3,272 | +154.2% |
| Advances received on contracts in progress | 46 | €11,616 | €0 | -€11,616 | -100.0% |
| Taxes, remuneration and social security | 45 | €30,913 | €14,247 | -€16,665 | -53.9% |
| Taxes | 450/3 | €30,913 | €14,247 | -€16,665 | -53.9% |
| Other amounts payable | 47/48 | €422,951 | €395,111 | -€27,840 | -6.6% |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,530 | €72,512 | -€12,018 | -14.2% |
| Other operating charges | 640/8 | €9,413 | €10,526 | +€1,113 | +11.8% |
| Gross operating margin | 9900 | €56,982 | €73,453 | +€16,471 | +28.9% |
| Operating profit (loss) | 9901 | -€36,962 | -€9,585 | +€27,377 | +74.1% |
| Financial income | 75/76B | €2 | €1 | -€1 | -59.5% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -59.5% |
| Financial charges | 65/66B | €39,791 | €28,373 | -€11,418 | -28.7% |
| Recurring financial charges | 65 | €39,791 | €28,373 | -€11,418 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€76,751 | -€37,957 | +€38,794 | +50.5% |
| Profit (loss) for the period | 9904 | -€76,751 | -€37,957 | +€38,794 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€76,751 | -€37,957 | +€38,794 | +50.5% |
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 9 October 2026 via checked.be.