IMMO PRIMO: 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 PRIMO
Largest movements
- Cash +€161,190
up €161,190 (+689.7%), from €23,372 to €184,562
mainly Net result for the year (+€183,130) and Investment in fixed assets (net) (+€66,422)
- Tangible fixed assets -€72,048
down €72,048 (-19.7%), from €365,136 to €293,088
of which Land and buildings: -€72,577
- Receivables within one year -€11,031
down €11,031 (-48.1%), from €22,951 to €11,920
of which Other amounts receivable: -€8,564
- Reserves +€183,883
up €183,883 (+273.0%), from €67,364 to €251,247
of which Tax-exempt reserves: +€147,425
- Short-term financial debts -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Provisions +€49,142
new in 2025: €49,142
- Debts after one year -€12,876
down €12,876 (-11.6%), from €111,459 to €98,583
- Tax, wage and social debts +€12,038
up €12,038 (+403.5%), from €2,983 to €15,021
- Gross operating margin +€227,259
up €227,259 (+539.3%), from €42,136 to €269,395
- Depreciation -€19,431
down €19,431 (-77.5%), from €25,057 to €5,626
- Taxes +€17,163
up €17,163 (+2536.7%), from €677 to €17,839
- Financial charges -€3,887
down €3,887 (-29.3%), from €13,259 to €9,372
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 | €412,459 | €492,875 | +€80,417 | +19.5% |
| Fixed assets | 21/28 | €365,136 | €293,088 | -€72,048 | -19.7% |
| Tangible fixed assets | 22/27 | €365,136 | €293,088 | -€72,048 | -19.7% |
| Land and buildings | 22 | €359,700 | €287,122 | -€72,577 | -20.2% |
| Plant, machinery and equipment | 23 | €97 | €2,689 | +€2,592 | +2679.1% |
| Furniture and vehicles | 24 | €5,339 | €3,276 | -€2,063 | -38.6% |
| Current assets | 29/58 | €47,323 | €199,788 | +€152,464 | +322.2% |
| Amounts receivable within one year | 40/41 | €22,951 | €11,920 | -€11,031 | -48.1% |
| Trade receivables | 40 | €14,386 | €11,920 | -€2,466 | -17.1% |
| Other amounts receivable | 41 | €8,564 | €0 | -€8,564 | -100.0% |
| Current investments | 50/53 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,372 | €184,562 | +€161,190 | +689.7% |
| Deferred charges and accrued income | 490/1 | - | €2,305 | +€2,305 | |
| Total equity and liabilities | 10/49 | €412,459 | €492,875 | +€80,417 | +19.5% |
| Equity | 10/15 | €87,746 | €271,630 | +€183,883 | +209.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,364 | €251,247 | +€183,883 | +273.0% |
| Tax-exempt reserves | 132 | - | €147,425 | +€147,425 | |
| Distributable reserves | 133 | €67,364 | €103,822 | +€36,458 | +54.1% |
| Profit (loss) carried forward | 14 | €1,782 | €1,782 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €49,142 | +€49,142 | |
| Deferred taxes | 168 | - | €49,142 | +€49,142 | |
| Amounts payable | 17/49 | €324,712 | €172,104 | -€152,608 | -47.0% |
| Amounts payable after more than one year | 17 | €111,459 | €98,583 | -€12,876 | -11.6% |
| Financial debts | 170/4 | €111,459 | €98,583 | -€12,876 | -11.6% |
| Amounts payable within one year | 42/48 | €213,253 | €73,521 | -€139,733 | -65.5% |
| Current portion of amounts payable after more than one year | 42 | €12,593 | €12,876 | +€282 | +2.2% |
| Financial debts | 43 | €150,000 | €0 | -€150,000 | -100.0% |
| Credit institutions | 430/8 | €150,000 | €0 | -€150,000 | -100.0% |
| Trade debts | 44 | €10,417 | €6,762 | -€3,654 | -35.1% |
| Suppliers | 440/4 | €10,417 | €6,762 | -€3,654 | -35.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,983 | €15,021 | +€12,038 | +403.5% |
| Taxes | 450/3 | €2,983 | €15,021 | +€12,038 | +403.5% |
| Other amounts payable | 47/48 | €37,260 | €38,862 | +€1,602 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,057 | €5,626 | -€19,431 | -77.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,757 | €1,969 | +€211 | +12.0% |
| Other operating charges | 640/8 | €3,099 | €1,872 | -€1,227 | -39.6% |
| Gross operating margin | 9900 | €42,136 | €269,395 | +€227,259 | +539.3% |
| Operating profit (loss) | 9901 | €12,223 | €259,928 | +€247,705 | +2026.6% |
| Financial income | 75/76B | €4 | €308 | +€304 | +7991.9% |
| Recurring financial income | 75 | €4 | €308 | +€304 | +7991.9% |
| Financial charges | 65/66B | €13,259 | €9,372 | -€3,887 | -29.3% |
| Recurring financial charges | 65 | €13,259 | €9,372 | -€3,887 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,032 | €250,864 | +€251,896 | |
| Transfer to deferred taxes | 680 | - | €49,895 | +€49,895 | |
| Income taxes | 67/77 | €677 | €17,839 | +€17,163 | +2536.7% |
| Profit (loss) for the period | 9904 | -€1,709 | €183,130 | +€184,838 | |
| Transfer from tax-exempt reserves | 789 | - | €3,014 | +€3,014 | |
| Transfer to tax-exempt reserves | 689 | - | €149,685 | +€149,685 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,709 | €36,458 | +€38,167 |
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 12 October 2026 via checked.be.