IMMO R.M.: 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.M.
Largest movements
- Tangible fixed assets -€12,138
down €12,138 (-27.7%), from €43,899 to €31,760
of which Land and buildings: -€7,298
- Cash -€3,060
down €3,060 (-48.5%), from €6,306 to €3,246
mainly Net result for the year (-€14,980) and Receivables within one year (-€2,879)
- Receivables within one year +€2,879
up €2,879 (+9.5%), from €30,286 to €33,165
of which Trade receivables: +€2,879
- Deferred charges and accrued income +€818
new in 2025: €818
- Profit (loss) carried forward -€14,980
down €14,980 (-7.5%), from -€200,818 to -€215,797
- Trade debts +€2,349
up €2,349 (+35.8%), from €6,569 to €8,917
- Other debts +€1,130
up €1,130 (+2.0%), from €56,480 to €57,610
- Gross operating margin -€55,318
down €55,318 (-82.2%), from €67,334 to €12,016
- Write-downs -€55,000
down €55,000 (-84.6%), from €65,000 to €10,000
- Depreciation -€24,039
down €24,039 (-66.4%), from €36,177 to €12,138
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 | €80,491 | €68,990 | -€11,501 | -14.3% |
| Fixed assets | 21/28 | €43,899 | €31,760 | -€12,138 | -27.7% |
| Tangible fixed assets | 22/27 | €43,899 | €31,760 | -€12,138 | -27.7% |
| Land and buildings | 22 | €31,626 | €24,328 | -€7,298 | -23.1% |
| Plant, machinery and equipment | 23 | €12,272 | €7,432 | -€4,840 | -39.4% |
| Current assets | 29/58 | €36,593 | €37,230 | +€637 | +1.7% |
| Amounts receivable within one year | 40/41 | €30,286 | €33,165 | +€2,879 | +9.5% |
| Trade receivables | 40 | - | €2,879 | +€2,879 | |
| Other amounts receivable | 41 | €30,286 | €30,286 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,306 | €3,246 | -€3,060 | -48.5% |
| Deferred charges and accrued income | 490/1 | - | €818 | +€818 | |
| Total equity and liabilities | 10/49 | €80,491 | €68,990 | -€11,501 | -14.3% |
| Equity | 10/15 | €17,443 | €2,463 | -€14,980 | -85.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €205,760 | €205,760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €203,900 | €203,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€200,818 | -€215,797 | -€14,980 | -7.5% |
| Amounts payable | 17/49 | €63,049 | €66,527 | +€3,478 | +5.5% |
| Amounts payable within one year | 42/48 | €63,049 | €66,527 | +€3,478 | +5.5% |
| Trade debts | 44 | €6,569 | €8,917 | +€2,349 | +35.8% |
| Suppliers | 440/4 | €6,569 | €8,917 | +€2,349 | +35.8% |
| Other amounts payable | 47/48 | €56,480 | €57,610 | +€1,130 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,177 | €12,138 | -€24,039 | -66.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €65,000 | €10,000 | -€55,000 | -84.6% |
| Other operating charges | 640/8 | €2,802 | €3,457 | +€655 | +23.4% |
| Gross operating margin | 9900 | €67,334 | €12,016 | -€55,318 | -82.2% |
| Operating profit (loss) | 9901 | -€36,646 | -€13,580 | +€23,066 | +62.9% |
| Financial income | 75/76B | €594 | €0 | -€594 | -100% |
| Recurring financial income | 75 | €594 | €0 | -€594 | -100% |
| Financial charges | 65/66B | €1,406 | €1,400 | -€6 | -0.4% |
| Recurring financial charges | 65 | €1,406 | €1,400 | -€6 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,458 | -€14,980 | +€22,478 | +60.0% |
| Profit (loss) for the period | 9904 | -€37,458 | -€14,980 | +€22,478 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,458 | -€14,980 | +€22,478 | +60.0% |
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 14 October 2026 via checked.be.