IMMO - R.J.: 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.J.
Largest movements
- Cash -€41,503
down €41,503 (-95.1%), from €43,663 to €2,160
mainly Current investments (-€35,000) and Debts after one year (-€8,378)
- Current investments +€35,000
new in 2025: €35,000
- Tangible fixed assets -€5,959
down €5,959 (-9.5%), from €62,760 to €56,801
of which Plant, machinery and equipment: -€5,959
- Debts after one year -€8,378
down €8,378 (-37.9%), from €22,117 to €13,739
of which Financial debts: -€8,378
- Profit (loss) carried forward -€4,097
down €4,097 (-15.3%), from -€26,840 to -€30,937
- Gross operating margin -€44,775
down €44,775 (-89.6%), from €49,984 to €5,209
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 | €112,318 | €99,367 | -€12,951 | -11.5% |
| Fixed assets | 21/28 | €62,760 | €56,801 | -€5,959 | -9.5% |
| Tangible fixed assets | 22/27 | €62,760 | €56,801 | -€5,959 | -9.5% |
| Land and buildings | 22 | €39,316 | €39,316 | = | 0.0% |
| Plant, machinery and equipment | 23 | €23,444 | €17,485 | -€5,959 | -25.4% |
| Current assets | 29/58 | €49,558 | €42,566 | -€6,992 | -14.1% |
| Current investments | 50/53 | - | €35,000 | +€35,000 | |
| Cash at bank and in hand | 54/58 | €43,663 | €2,160 | -€41,503 | -95.1% |
| Deferred charges and accrued income | 490/1 | €5,895 | €5,406 | -€489 | -8.3% |
| Total equity and liabilities | 10/49 | €112,318 | €99,367 | -€12,951 | -11.5% |
| Equity | 10/15 | €66,981 | €62,884 | -€4,097 | -6.1% |
| Contributions | 10/11 | €93,821 | €93,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,840 | -€30,937 | -€4,097 | -15.3% |
| Amounts payable | 17/49 | €45,337 | €36,483 | -€8,854 | -19.5% |
| Amounts payable after more than one year | 17 | €22,117 | €13,739 | -€8,378 | -37.9% |
| Financial debts | 170/4 | €14,832 | €6,454 | -€8,378 | -56.5% |
| Other amounts payable | 178/9 | €7,285 | €7,285 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,720 | €22,244 | -€476 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €8,126 | €8,378 | +€252 | +3.1% |
| Trade debts | 44 | €727 | - | -€727 | |
| Suppliers | 440/4 | €727 | - | -€727 | |
| Other amounts payable | 47/48 | €13,867 | €13,866 | -€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €500 | €500 | = | 0.0% |
| Non-recurring operating income | 76A | €45,538 | - | -€45,538 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,959 | €5,959 | = | 0.0% |
| Other operating charges | 640/8 | €2,437 | €2,445 | +€8 | +0.3% |
| Gross operating margin | 9900 | €49,984 | €5,209 | -€44,775 | -89.6% |
| Operating profit (loss) | 9901 | €41,588 | -€3,195 | -€44,783 | |
| Financial charges | 65/66B | €1,156 | €902 | -€254 | -22.0% |
| Recurring financial charges | 65 | €1,156 | €902 | -€254 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €40,432 | -€4,097 | -€44,529 | |
| Profit (loss) for the period | 9904 | €40,432 | -€4,097 | -€44,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,432 | -€4,097 | -€44,529 |
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.