IMMO QMP: 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 QMP
Largest movements
- Tangible fixed assets +€92,774
up €92,774 (+11.7%), from €793,471 to €886,245
- Other debts +€121,878
up €121,878 (+79.2%), from €153,979 to €275,857
- Profit (loss) carried forward -€26,921
down €26,921 (-140.8%), from -€19,119 to -€46,040
- Gross operating margin -€13,130
down €13,130 (-54.8%), from €23,947 to €10,817
- Depreciation +€7,291
up €7,291 (+32.4%), from €22,509 to €29,800
- Other operating charges -€2,713
down €2,713 (-39.1%), from €6,943 to €4,230
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 | €850,160 | €945,117 | +€94,957 | +11.2% |
| Formation expenses | 20 | €13,769 | €12,526 | -€1,243 | -9.0% |
| Fixed assets | 21/28 | €793,471 | €886,245 | +€92,774 | +11.7% |
| Tangible fixed assets | 22/27 | €793,471 | €886,245 | +€92,774 | +11.7% |
| Land and buildings | 22 | €793,471 | €886,245 | +€92,774 | +11.7% |
| Current assets | 29/58 | €42,920 | €46,346 | +€3,426 | +8.0% |
| Cash at bank and in hand | 54/58 | €42,920 | €46,346 | +€3,426 | +8.0% |
| Total equity and liabilities | 10/49 | €850,160 | €945,117 | +€94,957 | +11.2% |
| Equity | 10/15 | €696,181 | €669,260 | -€26,921 | -3.9% |
| Contributions | 10/11 | €715,300 | €715,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,119 | -€46,040 | -€26,921 | -140.8% |
| Amounts payable | 17/49 | €153,979 | €275,857 | +€121,878 | +79.2% |
| Amounts payable within one year | 42/48 | €153,979 | €275,857 | +€121,878 | +79.2% |
| Other amounts payable | 47/48 | €153,979 | €275,857 | +€121,878 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,509 | €29,800 | +€7,291 | +32.4% |
| Other operating charges | 640/8 | €6,943 | €4,230 | -€2,713 | -39.1% |
| Non-recurring operating charges | 66A | €3,669 | €3,669 | = | 0.0% |
| Gross operating margin | 9900 | €23,947 | €10,817 | -€13,130 | -54.8% |
| Operating profit (loss) | 9901 | -€9,174 | -€26,882 | -€17,708 | -193.0% |
| Financial charges | 65/66B | -€20 | €39 | +€59 | |
| Recurring financial charges | 65 | -€20 | €39 | +€59 | |
| Profit (loss) for the period before taxes | 9903 | -€9,155 | -€26,921 | -€17,766 | -194.1% |
| Profit (loss) for the period | 9904 | -€9,155 | -€26,921 | -€17,766 | -194.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,155 | -€26,921 | -€17,766 | -194.1% |
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 5 October 2026 via checked.be.