IMMO-QP: 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-QP
Largest movements
- Cash +€226,326
up €226,326 (+351.1%), from €64,456 to €290,782
mainly Other debts (+€116,886) and Tax, wage and social debts (+€87,735)
- Tangible fixed assets -€33,158
down €33,158 (-30.2%), from €109,623 to €76,465
of which Land and buildings: -€25,218
- Receivables within one year +€26,634
up €26,634 (+3.0%), from €878,983 to €905,617
of which Other amounts receivable: +€125,891
- Other debts +€116,886
up €116,886 (+30.0%), from €390,241 to €507,127
- Tax, wage and social debts +€87,735
up €87,735 (+257.1%), from €34,125 to €121,860
of which Taxes: +€87,523
- Profit (loss) carried forward +€62,645
up €62,645, from -€29,477 to €33,169
- Accrued charges and deferred income -€27,671
down €27,671 (-99.9%), from €27,709 to €39
- Debts after one year -€25,199
down €25,199 (-10.3%), from €245,062 to €219,863
- Turnover +€883,352
new in 2025: €883,352
- Purchases and services +€126,880
up €126,880 (+20.0%), from €635,331 to €762,210
- Gross operating margin +€52,908
up €52,908 (+37.1%), from €142,769 to €195,676
- Taxes +€20,411
up €20,411 (+263.2%), from €7,753 to €28,164
- Financial charges -€13,031
down €13,031 (-47.4%), from €27,482 to €14,451
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 | €1,074,729 | €1,289,886 | +€215,157 | +20.0% |
| Fixed assets | 21/28 | €118,737 | €85,579 | -€33,158 | -27.9% |
| Tangible fixed assets | 22/27 | €109,623 | €76,465 | -€33,158 | -30.2% |
| Land and buildings | 22 | €90,745 | €65,527 | -€25,218 | -27.8% |
| Plant, machinery and equipment | 23 | €8,355 | €6,194 | -€2,160 | -25.9% |
| Furniture and vehicles | 24 | €10,523 | €4,743 | -€5,780 | -54.9% |
| Financial fixed assets | 28 | €9,114 | €9,114 | = | 0.0% |
| Current assets | 29/58 | €955,992 | €1,204,307 | +€248,315 | +26.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €878,983 | €905,617 | +€26,634 | +3.0% |
| Trade receivables | 40 | €256,258 | €157,002 | -€99,257 | -38.7% |
| Other amounts receivable | 41 | €622,724 | €748,615 | +€125,891 | +20.2% |
| Cash at bank and in hand | 54/58 | €64,456 | €290,782 | +€226,326 | +351.1% |
| Deferred charges and accrued income | 490/1 | €12,552 | €7,908 | -€4,645 | -37.0% |
| Total equity and liabilities | 10/49 | €1,074,729 | €1,289,886 | +€215,157 | +20.0% |
| Equity | 10/15 | €17,885 | €80,531 | +€62,645 | +350.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €26,902 | €26,902 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,902 | €26,902 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,477 | €33,169 | +€62,645 | |
| Amounts payable | 17/49 | €1,056,843 | €1,209,355 | +€152,512 | +14.4% |
| Amounts payable after more than one year | 17 | €245,062 | €219,863 | -€25,199 | -10.3% |
| Financial debts | 170/4 | €245,062 | €219,863 | -€25,199 | -10.3% |
| Amounts payable within one year | 42/48 | €784,073 | €989,454 | +€205,381 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €25,174 | €27,554 | +€2,380 | +9.5% |
| Financial debts | 43 | €202,010 | €203,290 | +€1,280 | +0.6% |
| Credit institutions | 430/8 | €202,010 | €203,290 | +€1,280 | +0.6% |
| Trade debts | 44 | €132,522 | €129,623 | -€2,898 | -2.2% |
| Suppliers | 440/4 | €132,522 | €129,623 | -€2,898 | -2.2% |
| Taxes, remuneration and social security | 45 | €34,125 | €121,860 | +€87,735 | +257.1% |
| Taxes | 450/3 | €26,303 | €113,825 | +€87,523 | +332.7% |
| Remuneration and social security | 454/9 | €7,823 | €8,035 | +€212 | +2.7% |
| Other amounts payable | 47/48 | €390,241 | €507,127 | +€116,886 | +30.0% |
| Accrued charges and deferred income | 492/3 | €27,709 | €39 | -€27,671 | -99.9% |
| Turnover | 70 | - | €883,352 | +€883,352 | |
| Goods, raw materials, services and sundry goods | 60/61 | €635,331 | €762,210 | +€126,880 | +20.0% |
| Remuneration, social security and pensions | 62 | €56,817 | €60,778 | +€3,961 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,320 | €33,158 | -€3,161 | -8.7% |
| Other operating charges | 640/8 | €7,562 | €3,297 | -€4,265 | -56.4% |
| Gross operating margin | 9900 | €142,769 | €195,676 | +€52,908 | +37.1% |
| Operating profit (loss) | 9901 | €42,070 | €98,443 | +€56,372 | +134.0% |
| Financial income | 75/76B | €5,393 | €6,818 | +€1,425 | +26.4% |
| Recurring financial income | 75 | €5,393 | €6,818 | +€1,425 | +26.4% |
| Financial charges | 65/66B | €27,482 | €14,451 | -€13,031 | -47.4% |
| Recurring financial charges | 65 | €27,482 | €14,451 | -€13,031 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €19,981 | €90,810 | +€70,829 | +354.5% |
| Income taxes | 67/77 | €7,753 | €28,164 | +€20,411 | +263.2% |
| Profit (loss) for the period | 9904 | €12,228 | €62,645 | +€50,418 | +412.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,228 | €62,645 | +€50,418 | +412.3% |
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.