IMMO PRIMAVERA: 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 PRIMAVERA
Largest movements
- Tangible fixed assets -€36,668
down €36,668 (-5.3%), from €690,152 to €653,484
of which Land and buildings: -€30,137
- Receivables within one year -€15,405
down €15,405 (-92.6%), from €16,629 to €1,224
of which Trade receivables: -€10,410
- Receivables after one year +€13,662
up €13,662 (+22.2%), from €61,483 to €75,145
- Debts after one year -€28,490
down €28,490 (-4.5%), from €634,084 to €605,594
- Gross operating margin -€2,791
down €2,791 (-5.3%), from €52,237 to €49,445
- Depreciation +€2,105
up €2,105 (+6.1%), from €34,563 to €36,668
- Other operating charges -€1,636
down €1,636 (-57.7%), from €2,838 to €1,202
- Financial charges +€1,385
up €1,385 (+9.4%), from €14,677 to €16,062
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 | €774,440 | €739,499 | -€34,941 | -4.5% |
| Fixed assets | 21/28 | €690,152 | €653,484 | -€36,668 | -5.3% |
| Tangible fixed assets | 22/27 | €690,152 | €653,484 | -€36,668 | -5.3% |
| Land and buildings | 22 | €652,296 | €622,160 | -€30,137 | -4.6% |
| Plant, machinery and equipment | 23 | €8,807 | €8,069 | -€738 | -8.4% |
| Furniture and vehicles | 24 | €29,049 | €23,256 | -€5,793 | -19.9% |
| Current assets | 29/58 | €84,288 | €86,015 | +€1,727 | +2.0% |
| Amounts receivable after more than one year | 29 | €61,483 | €75,145 | +€13,662 | +22.2% |
| Other amounts receivable | 291 | €61,483 | €75,145 | +€13,662 | +22.2% |
| Amounts receivable within one year | 40/41 | €16,629 | €1,224 | -€15,405 | -92.6% |
| Trade receivables | 40 | €11,634 | €1,224 | -€10,410 | -89.5% |
| Other amounts receivable | 41 | €4,995 | - | -€4,995 | |
| Cash at bank and in hand | 54/58 | €4,051 | €4,040 | -€11 | -0.3% |
| Deferred charges and accrued income | 490/1 | €2,125 | €5,607 | +€3,481 | +163.8% |
| Total equity and liabilities | 10/49 | €774,440 | €739,499 | -€34,941 | -4.5% |
| Equity | 10/15 | €18,970 | €15,807 | -€3,162 | -16.7% |
| Reserves | 13 | €18,970 | €15,807 | -€3,162 | -16.7% |
| Distributable reserves | 133 | €18,970 | €15,807 | -€3,162 | -16.7% |
| Amounts payable | 17/49 | €755,471 | €723,692 | -€31,779 | -4.2% |
| Amounts payable after more than one year | 17 | €634,084 | €605,594 | -€28,490 | -4.5% |
| Financial debts | 170/4 | €634,084 | €605,594 | -€28,490 | -4.5% |
| Amounts payable within one year | 42/48 | €120,939 | €117,650 | -€3,289 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €29,972 | €28,490 | -€1,482 | -4.9% |
| Taxes, remuneration and social security | 45 | €2,495 | €351 | -€2,145 | -86.0% |
| Taxes | 450/3 | €2,495 | €351 | -€2,145 | -86.0% |
| Other amounts payable | 47/48 | €88,472 | €88,810 | +€338 | +0.4% |
| Accrued charges and deferred income | 492/3 | €448 | €448 | = | 0.0% |
| Non-recurring operating income | 76A | - | €14,050 | +€14,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,563 | €36,668 | +€2,105 | +6.1% |
| Other operating charges | 640/8 | €2,838 | €1,202 | -€1,636 | -57.7% |
| Gross operating margin | 9900 | €52,237 | €49,445 | -€2,791 | -5.3% |
| Operating profit (loss) | 9901 | €14,835 | €11,575 | -€3,260 | -22.0% |
| Financial income | 75/76B | €1,040 | €1,500 | +€460 | +44.2% |
| Recurring financial income | 75 | €1,040 | €1,500 | +€460 | +44.2% |
| Financial charges | 65/66B | €14,677 | €16,062 | +€1,385 | +9.4% |
| Recurring financial charges | 65 | €14,677 | €16,062 | +€1,385 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €1,198 | -€2,986 | -€4,185 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | €1,024 | -€3,162 | -€4,186 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,024 | -€3,162 | -€4,186 |
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 9 October 2026 via checked.be.