IMMO-QUALITY: 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-QUALITY
Largest movements
- Deferred charges and accrued income -€20,449
down €20,449 (-96.5%), from €21,181 to €732
- Cash -€10,650
down €10,650 (-28.2%), from €37,751 to €27,101
mainly Net result for the year (-€42,157) and Investment in fixed assets (net) (-€3,225)
- Tangible fixed assets -€5,929
down €5,929 (-16.5%), from €35,837 to €29,909
of which Other tangible fixed assets: -€4,751
- Receivables within one year -€1,716
down €1,716 (-5.4%), from €31,619 to €29,902
of which Other amounts receivable: -€2,272
- Profit (loss) carried forward -€42,157
new in 2025: -€42,157
- Trade debts +€4,380
up €4,380 (+78.8%), from €5,560 to €9,940
- Gross operating margin -€61,953
down €61,953, from €26,542 to -€35,411
- Taxes -€7,117
down €7,117, from €5,180 to -€1,937
- Other operating charges -€1,060
down €1,060 (-75.6%), from €1,402 to €342
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 | €127,303 | €89,668 | -€37,635 | -29.6% |
| Fixed assets | 21/28 | €36,752 | €31,933 | -€4,819 | -13.1% |
| Intangible fixed assets | 21 | €915 | €2,024 | +€1,109 | +121% |
| Tangible fixed assets | 22/27 | €35,837 | €29,909 | -€5,929 | -16.5% |
| Land and buildings | 22 | €2,155 | €1,805 | -€350 | -16.2% |
| Furniture and vehicles | 24 | €4,148 | €3,320 | -€827 | -19.9% |
| Other tangible fixed assets | 26 | €29,535 | €24,783 | -€4,751 | -16.1% |
| Current assets | 29/58 | €90,551 | €57,735 | -€32,816 | -36.2% |
| Amounts receivable within one year | 40/41 | €31,619 | €29,902 | -€1,716 | -5.4% |
| Trade receivables | 40 | €2,905 | €3,461 | +€555 | +19.1% |
| Other amounts receivable | 41 | €28,713 | €26,442 | -€2,272 | -7.9% |
| Cash at bank and in hand | 54/58 | €37,751 | €27,101 | -€10,650 | -28.2% |
| Deferred charges and accrued income | 490/1 | €21,181 | €732 | -€20,449 | -96.5% |
| Total equity and liabilities | 10/49 | €127,303 | €89,668 | -€37,635 | -29.6% |
| Equity | 10/15 | €113,992 | €71,835 | -€42,157 | -37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €95,392 | €95,392 | = | 0.0% |
| Distributable reserves | 133 | €95,392 | €95,392 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€42,157 | -€42,157 | |
| Amounts payable | 17/49 | €13,311 | €17,833 | +€4,522 | +34.0% |
| Amounts payable within one year | 42/48 | €13,143 | €17,833 | +€4,690 | +35.7% |
| Trade debts | 44 | €5,560 | €9,940 | +€4,380 | +78.8% |
| Suppliers | 440/4 | €5,560 | €9,940 | +€4,380 | +78.8% |
| Taxes, remuneration and social security | 45 | €7,522 | €7,893 | +€371 | +4.9% |
| Taxes | 450/3 | €7,522 | €7,893 | +€371 | +4.9% |
| Other amounts payable | 47/48 | €61 | - | -€61 | |
| Accrued charges and deferred income | 492/3 | €168 | - | -€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,208 | €8,044 | -€165 | -2.0% |
| Other operating charges | 640/8 | €1,402 | €342 | -€1,060 | -75.6% |
| Gross operating margin | 9900 | €26,542 | -€35,411 | -€61,953 | |
| Operating profit (loss) | 9901 | €16,932 | -€43,796 | -€60,728 | |
| Financial income | 75/76B | €42 | €213 | +€170 | +402% |
| Recurring financial income | 75 | €42 | €213 | +€170 | +402% |
| Financial charges | 65/66B | €581 | €510 | -€71 | -12.3% |
| Recurring financial charges | 65 | €581 | €510 | -€71 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €16,393 | -€44,094 | -€60,487 | |
| Income taxes | 67/77 | €5,180 | -€1,937 | -€7,117 | |
| Profit (loss) for the period | 9904 | €11,213 | -€42,157 | -€53,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,213 | -€42,157 | -€53,369 |
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 18 October 2026 via checked.be.