Immo R & I: 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 R & I
Largest movements
- Cash -€76,584
down €76,584 (-12.4%), from €617,639 to €541,055
mainly Contributions, distributions and other (-€359,161) and Debts after one year (-€114,826)
- Other debts +€359,161
new in 2025: €359,161
- Reserves -€345,383
no longer reported in 2025 (was €345,383)
- Debts after one year -€114,826
down €114,826 (-14.9%), from €773,097 to €658,271
- Financial income -€60,726
down €60,726 (-96.3%), from €63,055 to €2,329
of which Financial income: -€60,726
- Gross operating margin -€2,796
down €2,796 (-4.1%), from €68,154 to €65,358
- Other operating charges +€1,659
up €1,659 (+1,238%), from €134 to €1,793
- Financial charges -€1,085
down €1,085 (-11.7%), from €9,263 to €8,178
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 | €2,738,510 | €2,638,553 | -€99,957 | -3.7% |
| Fixed assets | 21/28 | €1,584,408 | €1,561,035 | -€23,373 | -1.5% |
| Tangible fixed assets | 22/27 | €1,583,208 | €1,559,835 | -€23,373 | -1.5% |
| Land and buildings | 22 | €1,583,208 | €1,545,387 | -€37,821 | -2.4% |
| Plant, machinery and equipment | 23 | - | €14,448 | +€14,448 | |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €1,154,102 | €1,077,518 | -€76,584 | -6.6% |
| Current investments | 50/53 | €536,463 | €536,463 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €617,639 | €541,055 | -€76,584 | -12.4% |
| Total equity and liabilities | 10/49 | €2,738,510 | €2,638,553 | -€99,957 | -3.7% |
| Equity | 10/15 | €1,845,383 | €1,500,000 | -€345,383 | -18.7% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €345,383 | - | -€345,383 | |
| Distributable reserves | 133 | €345,383 | - | -€345,383 | |
| Amounts payable | 17/49 | €893,127 | €1,138,553 | +€245,426 | +27.5% |
| Amounts payable after more than one year | 17 | €773,097 | €658,271 | -€114,826 | -14.9% |
| Financial debts | 170/4 | €773,097 | €658,271 | -€114,826 | -14.9% |
| Amounts payable within one year | 42/48 | €120,030 | €480,282 | +€360,252 | +300% |
| Current portion of amounts payable after more than one year | 42 | €113,904 | €114,823 | +€919 | +0.8% |
| Taxes, remuneration and social security | 45 | €6,126 | €6,298 | +€172 | +2.8% |
| Taxes | 450/3 | €6,126 | €6,298 | +€172 | +2.8% |
| Other amounts payable | 47/48 | - | €359,161 | +€359,161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,820 | €37,820 | = | 0.0% |
| Other operating charges | 640/8 | €134 | €1,793 | +€1,659 | +1,238% |
| Gross operating margin | 9900 | €68,154 | €65,358 | -€2,796 | -4.1% |
| Operating profit (loss) | 9901 | €30,200 | €25,745 | -€4,455 | -14.8% |
| Financial income | 75/76B | €63,055 | €2,329 | -€60,726 | -96.3% |
| Recurring financial income | 75 | €63,055 | €2,329 | -€60,726 | -96.3% |
| Non-recurring financial income | 76B | €63,055 | €2,329 | -€60,726 | -96.3% |
| Financial charges | 65/66B | €9,263 | €8,178 | -€1,085 | -11.7% |
| Recurring financial charges | 65 | €9,263 | €8,178 | -€1,085 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €83,992 | €19,896 | -€64,096 | -76.3% |
| Income taxes | 67/77 | €6,126 | €6,118 | -€8 | -0.1% |
| Profit (loss) for the period | 9904 | €77,866 | €13,778 | -€64,088 | -82.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,866 | €13,778 | -€64,088 | -82.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.