IMMO PP: 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 PP
Largest movements
- Cash +€397,615
up €397,615 (+3268.4%), from €12,165 to €409,781
mainly Debts after one year (+€192,778) and Net result for the year (+€82,954)
- Tangible fixed assets -€81,249
down €81,249 (-6.1%), from €1.3m to €1.2m
of which Land and buildings: -€178,192
- Debts after one year +€192,778
up €192,778 (+16.0%), from €1.2m to €1.4m
- Reserves +€82,954
up €82,954 (+137.1%), from €60,510 to €143,464
of which Tax-exempt reserves: +€99,346
- Provisions +€33,115
new in 2024: €33,115
- Gross operating margin +€153,321
up €153,321 (+16940.8%), from €905 to €154,226
- Depreciation -€3,999
down €3,999 (-11.2%), from €35,789 to €31,790
- Taxes +€2,795
up €2,795 (+1272.9%), from €220 to €3,014
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,345,733 | €1,656,498 | +€310,765 | +23.1% |
| Fixed assets | 21/28 | €1,326,355 | €1,245,107 | -€81,249 | -6.1% |
| Tangible fixed assets | 22/27 | €1,326,355 | €1,245,107 | -€81,249 | -6.1% |
| Land and buildings | 22 | €1,325,024 | €1,146,831 | -€178,192 | -13.4% |
| Furniture and vehicles | 24 | €1,332 | €595 | -€736 | -55.3% |
| Assets under construction and advance payments | 27 | - | €97,680 | +€97,680 | |
| Current assets | 29/58 | €19,377 | €411,391 | +€392,013 | +2023.1% |
| Amounts receivable within one year | 40/41 | €6,822 | €1,206 | -€5,616 | -82.3% |
| Trade receivables | 40 | €6,630 | €116 | -€6,514 | -98.2% |
| Other amounts receivable | 41 | €192 | €1,090 | +€898 | +467.4% |
| Cash at bank and in hand | 54/58 | €12,165 | €409,781 | +€397,615 | +3268.4% |
| Deferred charges and accrued income | 490/1 | €390 | €404 | +€14 | +3.5% |
| Total equity and liabilities | 10/49 | €1,345,733 | €1,656,498 | +€310,765 | +23.1% |
| Equity | 10/15 | €137,574 | €220,528 | +€82,954 | +60.3% |
| Contributions | 10/11 | €77,000 | €77,000 | = | 0.0% |
| Capital | 10 | €77,000 | €77,000 | = | 0.0% |
| Issued capital | 100 | €77,000 | €77,000 | = | 0.0% |
| Reserves | 13 | €60,510 | €143,464 | +€82,954 | +137.1% |
| Non-distributable reserves | 130/1 | €7,700 | €7,700 | = | 0.0% |
| Legal reserve | 130 | €7,700 | €7,700 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €99,346 | +€99,346 | |
| Distributable reserves | 133 | €52,810 | €36,418 | -€16,392 | -31.0% |
| Profit (loss) carried forward | 14 | €64 | €64 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €33,115 | +€33,115 | |
| Deferred taxes | 168 | - | €33,115 | +€33,115 | |
| Amounts payable | 17/49 | €1,208,158 | €1,402,854 | +€194,696 | +16.1% |
| Amounts payable after more than one year | 17 | €1,205,759 | €1,398,537 | +€192,778 | +16.0% |
| Other amounts payable | 178/9 | €1,205,759 | €1,398,537 | +€192,778 | +16.0% |
| Amounts payable within one year | 42/48 | €2,400 | €4,317 | +€1,917 | +79.9% |
| Trade debts | 44 | €1,252 | €997 | -€255 | -20.4% |
| Suppliers | 440/4 | €1,252 | €997 | -€255 | -20.4% |
| Taxes, remuneration and social security | 45 | €221 | €3,235 | +€3,014 | +1366.7% |
| Taxes | 450/3 | €221 | €3,235 | +€3,014 | +1366.7% |
| Other amounts payable | 47/48 | €927 | €84 | -€842 | -90.9% |
| Non-recurring operating income | 76A | - | €142,975 | +€142,975 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,789 | €31,790 | -€3,999 | -11.2% |
| Other operating charges | 640/8 | €2,990 | €3,217 | +€227 | +7.6% |
| Gross operating margin | 9900 | €905 | €154,226 | +€153,321 | +16940.8% |
| Operating profit (loss) | 9901 | -€37,874 | €119,219 | +€157,093 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €101 | €135 | +€34 | +34.1% |
| Recurring financial charges | 65 | €101 | €135 | +€34 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€37,974 | €119,084 | +€157,058 | |
| Transfer from deferred taxes | 780 | - | €2,628 | +€2,628 | |
| Transfer to deferred taxes | 680 | - | €35,744 | +€35,744 | |
| Income taxes | 67/77 | €220 | €3,014 | +€2,795 | +1272.9% |
| Profit (loss) for the period | 9904 | -€38,194 | €82,954 | +€121,148 | |
| Transfer from tax-exempt reserves | 789 | - | €7,885 | +€7,885 | |
| Transfer to tax-exempt reserves | 689 | - | €107,231 | +€107,231 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,194 | -€16,392 | +€21,802 | +57.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.