IMMO PROJECTS & PARTNERS: 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 PROJECTS & PARTNERS
Largest movements
- Cash -€15,117
down €15,117 (-68.4%), from €22,115 to €6,998
mainly Net result for the year (-€16,275) and Receivables within one year (-€5,371)
- Receivables within one year +€5,371
up €5,371 (+301.6%), from €1,781 to €7,152
of which Trade receivables: +€6,750
- Tangible fixed assets -€4,925
down €4,925 (-41.0%), from €12,000 to €7,075
of which Furniture and vehicles: -€3,136
- Profit (loss) carried forward -€16,275
down €16,275, from €1,012 to -€15,263
- Trade debts +€2,649
up €2,649 (+1038.8%), from €255 to €2,904
- Other debts -€1,024
down €1,024 (-77.5%), from €1,321 to €297
- Gross operating margin -€42,654
down €42,654, from €32,346 to -€10,308
- Turnover -€40,921
down €40,921 (-63.8%), from €64,137 to €23,216
- Taxes -€8,688
down €8,688 (-98.8%), from €8,793 to €105
- Purchases and services +€1,733
up €1,733 (+5.5%), from €31,791 to €33,524
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 | €37,648 | €23,148 | -€14,500 | -38.5% |
| Fixed assets | 21/28 | €12,000 | €7,075 | -€4,925 | -41.0% |
| Tangible fixed assets | 22/27 | €12,000 | €7,075 | -€4,925 | -41.0% |
| Plant, machinery and equipment | 23 | €8,157 | €6,368 | -€1,789 | -21.9% |
| Furniture and vehicles | 24 | €3,843 | €707 | -€3,136 | -81.6% |
| Current assets | 29/58 | €25,648 | €16,073 | -€9,575 | -37.3% |
| Amounts receivable within one year | 40/41 | €1,781 | €7,152 | +€5,371 | +301.6% |
| Trade receivables | 40 | - | €6,750 | +€6,750 | |
| Other amounts receivable | 41 | €1,781 | €402 | -€1,379 | -77.4% |
| Cash at bank and in hand | 54/58 | €22,115 | €6,998 | -€15,117 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,923 | +€171 | +9.8% |
| Total equity and liabilities | 10/49 | €37,648 | €23,148 | -€14,500 | -38.5% |
| Equity | 10/15 | €36,072 | €19,797 | -€16,275 | -45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,860 | €28,860 | = | 0.0% |
| Distributable reserves | 133 | €28,860 | €28,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,012 | -€15,263 | -€16,275 | |
| Amounts payable | 17/49 | €1,576 | €3,351 | +€1,775 | +112.6% |
| Amounts payable within one year | 42/48 | €1,576 | €3,351 | +€1,775 | +112.6% |
| Trade debts | 44 | €255 | €2,904 | +€2,649 | +1038.8% |
| Suppliers | 440/4 | €255 | €2,904 | +€2,649 | +1038.8% |
| Taxes, remuneration and social security | 45 | - | €150 | +€150 | |
| Taxes | 450/3 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €1,321 | €297 | -€1,024 | -77.5% |
| Turnover | 70 | €64,137 | €23,216 | -€40,921 | -63.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €31,791 | €33,524 | +€1,733 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,477 | €4,925 | -€552 | -10.1% |
| Other operating charges | 640/8 | €882 | €766 | -€116 | -13.2% |
| Gross operating margin | 9900 | €32,346 | -€10,308 | -€42,654 | |
| Operating profit (loss) | 9901 | €25,987 | -€15,999 | -€41,986 | |
| Financial charges | 65/66B | €164 | €171 | +€7 | +4.3% |
| Recurring financial charges | 65 | €164 | €171 | +€7 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €25,823 | -€16,170 | -€41,993 | |
| Income taxes | 67/77 | €8,793 | €105 | -€8,688 | -98.8% |
| Profit (loss) for the period | 9904 | €17,030 | -€16,275 | -€33,305 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,030 | -€16,275 | -€33,305 |
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 11 October 2026 via checked.be.