IMMO-PRO: 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-PRO
Largest movements
- Receivables within one year +€105,923
up €105,923 (+45.2%), from €234,375 to €340,299
of which Trade receivables: +€80,974
- Cash -€58,479
down €58,479 (-69.8%), from €83,762 to €25,283
mainly Receivables within one year (-€105,923) and Contributions, distributions and other (-€60,000)
- Tangible fixed assets -€41,655
down €41,655 (-7.1%), from €584,762 to €543,107
of which Land and buildings: -€29,037
- Reserves +€85,918
up €85,918 (+115%), from €74,587 to €160,506
- Other debts +€63,844
up €63,844 (+30.4%), from €210,159 to €274,004
- Profit (loss) carried forward -€60,000
down €60,000 (-7.3%), from €817,874 to €757,874
- Debts after one year -€55,081
down €55,081 (-13.9%), from €397,699 to €342,618
- Current portion of long-term debt -€23,507
down €23,507 (-29.9%), from €78,589 to €55,081
- Financial income -€98,351
down €98,351 (-95.9%), from €102,548 to €4,197
- Staff costs +€48,313
new in 2025: €48,313
- Gross operating margin +€38,615
up €38,615 (+18.5%), from €208,798 to €247,414
- Taxes +€4,017
up €4,017 (+11.2%), from €35,837 to €39,854
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 | €1,699,191 | €1,706,055 | +€6,864 | +0.4% |
| Fixed assets | 21/28 | €1,375,990 | €1,334,335 | -€41,655 | -3.0% |
| Tangible fixed assets | 22/27 | €584,762 | €543,107 | -€41,655 | -7.1% |
| Land and buildings | 22 | €560,741 | €531,704 | -€29,037 | -5.2% |
| Furniture and vehicles | 24 | €24,021 | €11,403 | -€12,618 | -52.5% |
| Financial fixed assets | 28 | €791,228 | €791,228 | = | 0.0% |
| Current assets | 29/58 | €323,201 | €371,720 | +€48,520 | +15.0% |
| Amounts receivable within one year | 40/41 | €234,375 | €340,299 | +€105,923 | +45.2% |
| Trade receivables | 40 | €154,553 | €235,527 | +€80,974 | +52.4% |
| Other amounts receivable | 41 | €79,822 | €104,771 | +€24,949 | +31.3% |
| Cash at bank and in hand | 54/58 | €83,762 | €25,283 | -€58,479 | -69.8% |
| Deferred charges and accrued income | 490/1 | €5,063 | €6,139 | +€1,076 | +21.2% |
| Total equity and liabilities | 10/49 | €1,699,191 | €1,706,055 | +€6,864 | +0.4% |
| Equity | 10/15 | €911,062 | €936,980 | +€25,918 | +2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,587 | €160,506 | +€85,918 | +115% |
| Distributable reserves | 133 | €74,587 | €160,506 | +€85,918 | +115% |
| Profit (loss) carried forward | 14 | €817,874 | €757,874 | -€60,000 | -7.3% |
| Amounts payable | 17/49 | €788,129 | €769,075 | -€19,054 | -2.4% |
| Amounts payable after more than one year | 17 | €397,699 | €342,618 | -€55,081 | -13.9% |
| Financial debts | 170/4 | €397,699 | €342,618 | -€55,081 | -13.9% |
| Amounts payable within one year | 42/48 | €386,840 | €421,907 | +€35,067 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €78,589 | €55,081 | -€23,507 | -29.9% |
| Financial debts | 43 | €7,948 | €1,297 | -€6,651 | -83.7% |
| Credit institutions | 430/8 | €7,948 | €1,297 | -€6,651 | -83.7% |
| Trade debts | 44 | €40,264 | €38,784 | -€1,480 | -3.7% |
| Suppliers | 440/4 | €40,264 | €38,784 | -€1,480 | -3.7% |
| Taxes, remuneration and social security | 45 | €49,880 | €52,740 | +€2,861 | +5.7% |
| Taxes | 450/3 | €49,880 | €28,712 | -€21,168 | -42.4% |
| Remuneration and social security | 454/9 | - | €24,029 | +€24,029 | |
| Other amounts payable | 47/48 | €210,159 | €274,004 | +€63,844 | +30.4% |
| Accrued charges and deferred income | 492/3 | €3,590 | €4,550 | +€960 | +26.7% |
| Remuneration, social security and pensions | 62 | - | €48,313 | +€48,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,180 | €55,075 | +€1,896 | +3.6% |
| Other operating charges | 640/8 | €1,115 | €1,148 | +€34 | +3.0% |
| Gross operating margin | 9900 | €208,798 | €247,414 | +€38,615 | +18.5% |
| Operating profit (loss) | 9901 | €154,504 | €142,877 | -€11,627 | -7.5% |
| Financial income | 75/76B | €102,548 | €4,197 | -€98,351 | -95.9% |
| Recurring financial income | 75 | €102,548 | €4,197 | -€98,351 | -95.9% |
| Financial charges | 65/66B | €21,918 | €21,301 | -€617 | -2.8% |
| Recurring financial charges | 65 | €21,918 | €21,301 | -€617 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €235,134 | €125,773 | -€109,362 | -46.5% |
| Income taxes | 67/77 | €35,837 | €39,854 | +€4,017 | +11.2% |
| Profit (loss) for the period | 9904 | €199,297 | €85,918 | -€113,379 | -56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €199,297 | €85,918 | -€113,379 | -56.9% |
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 26 October 2026 via checked.be.