IMMO PROJECT SERVICES: 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 PROJECT SERVICES
Largest movements
- Tangible fixed assets -€20,329
down €20,329 (-4.5%), from €449,586 to €429,257
- Receivables within one year +€14,224
up €14,224 (+64.9%), from €21,909 to €36,133
- Cash -€9,461
down €9,461 (-18.9%), from €50,101 to €40,640
mainly Other debts (-€17,883) and Receivables within one year (-€14,224)
- Other debts -€17,883
no longer reported in 2025 (was €17,883)
- Gross operating margin +€2,577
up €2,577 (+8.9%), from €28,872 to €31,450
- Financial charges -€1,557
down €1,557 (-57.7%), from €2,699 to €1,142
- Financial income +€537
up €537 (+55.9%), from €960 to €1,498
- Other operating charges +€442
up €442 (+5.0%), from €8,789 to €9,231
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 | €522,697 | €507,149 | -€15,548 | -3.0% |
| Fixed assets | 21/28 | €449,586 | €429,257 | -€20,329 | -4.5% |
| Tangible fixed assets | 22/27 | €449,586 | €429,257 | -€20,329 | -4.5% |
| Land and buildings | 22 | €449,586 | €429,257 | -€20,329 | -4.5% |
| Current assets | 29/58 | €73,111 | €77,892 | +€4,781 | +6.5% |
| Amounts receivable within one year | 40/41 | €21,909 | €36,133 | +€14,224 | +64.9% |
| Other amounts receivable | 41 | €21,909 | €36,133 | +€14,224 | +64.9% |
| Cash at bank and in hand | 54/58 | €50,101 | €40,640 | -€9,461 | -18.9% |
| Deferred charges and accrued income | 490/1 | €1,101 | €1,118 | +€17 | +1.6% |
| Total equity and liabilities | 10/49 | €522,697 | €507,149 | -€15,548 | -3.0% |
| Equity | 10/15 | €497,136 | €499,381 | +€2,245 | +0.5% |
| Contributions | 10/11 | €389,552 | €389,552 | = | 0.0% |
| Capital | 10 | €276,650 | €276,650 | = | 0.0% |
| Issued capital | 100 | €276,650 | €276,650 | = | 0.0% |
| Outside capital | 11 | €112,902 | €112,902 | = | 0.0% |
| Share premium | 1100/10 | €112,902 | €112,902 | = | 0.0% |
| Reserves | 13 | €107,584 | €109,829 | +€2,245 | +2.1% |
| Non-distributable reserves | 130/1 | €27,665 | €27,665 | = | 0.0% |
| Legal reserve | 130 | €27,665 | €27,665 | = | 0.0% |
| Distributable reserves | 133 | €79,919 | €82,164 | +€2,245 | +2.8% |
| Amounts payable | 17/49 | €25,561 | €7,768 | -€17,793 | -69.6% |
| Amounts payable within one year | 42/48 | €21,495 | €3,701 | -€17,795 | -82.8% |
| Trade debts | 44 | €2,915 | €3,476 | +€561 | +19.2% |
| Suppliers | 440/4 | €2,915 | €3,476 | +€561 | +19.2% |
| Taxes, remuneration and social security | 45 | €697 | €225 | -€472 | -67.8% |
| Taxes | 450/3 | €697 | €225 | -€472 | -67.8% |
| Other amounts payable | 47/48 | €17,883 | - | -€17,883 | |
| Accrued charges and deferred income | 492/3 | €4,066 | €4,067 | +€1 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,329 | €20,329 | = | 0.0% |
| Other operating charges | 640/8 | €8,789 | €9,231 | +€442 | +5.0% |
| Gross operating margin | 9900 | €28,872 | €31,450 | +€2,577 | +8.9% |
| Operating profit (loss) | 9901 | -€246 | €1,889 | +€2,135 | |
| Financial income | 75/76B | €960 | €1,498 | +€537 | +55.9% |
| Recurring financial income | 75 | €960 | €1,498 | +€537 | +55.9% |
| Financial charges | 65/66B | €2,699 | €1,142 | -€1,557 | -57.7% |
| Recurring financial charges | 65 | €2,699 | €1,142 | -€1,557 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,985 | €2,245 | +€4,230 | |
| Profit (loss) for the period | 9904 | -€1,985 | €2,245 | +€4,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,985 | €2,245 | +€4,230 |
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 3 October 2026 via checked.be.