IMMO RAPPORT: 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 RAPPORT
Largest movements
- Tangible fixed assets +€61,366
up €61,366 (+15.0%), from €408,095 to €469,461
- Receivables within one year -€54,046
down €54,046 (-50.3%), from €107,527 to €53,481
of which Trade receivables: -€59,405
- Stocks and contracts -€11,362
down €11,362 (-5.0%), from €226,742 to €215,380
- Trade debts +€15,769
up €15,769 (+155.3%), from €10,153 to €25,921
- Debts after one year -€10,256
down €10,256 (-4.4%), from €233,765 to €223,509
- Gross operating margin -€41,697
down €41,697 (-72.8%), from €57,300 to €15,603
- Financial charges -€29,353
down €29,353 (-88.2%), from €33,274 to €3,921
- Depreciation -€6,476
down €6,476 (-48.2%), from €13,450 to €6,973
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 | €742,484 | €743,484 | +€1,000 | +0.1% |
| Fixed assets | 21/28 | €408,095 | €469,461 | +€61,366 | +15.0% |
| Tangible fixed assets | 22/27 | €408,095 | €469,461 | +€61,366 | +15.0% |
| Land and buildings | 22 | €408,095 | €469,461 | +€61,366 | +15.0% |
| Current assets | 29/58 | €334,389 | €274,022 | -€60,367 | -18.1% |
| Stocks and contracts in progress | 3 | €226,742 | €215,380 | -€11,362 | -5.0% |
| Stocks | 30/36 | €226,742 | €215,380 | -€11,362 | -5.0% |
| Amounts receivable within one year | 40/41 | €107,527 | €53,481 | -€54,046 | -50.3% |
| Trade receivables | 40 | €59,405 | €0 | -€59,405 | -100.0% |
| Other amounts receivable | 41 | €48,122 | €53,481 | +€5,358 | +11.1% |
| Cash at bank and in hand | 54/58 | €120 | €5,162 | +€5,042 | +4206.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €742,484 | €743,484 | +€1,000 | +0.1% |
| Equity | 10/15 | €68,437 | €66,810 | -€1,626 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €47,977 | €46,350 | -€1,626 | -3.4% |
| Amounts payable | 17/49 | €674,047 | €676,673 | +€2,626 | +0.4% |
| Amounts payable after more than one year | 17 | €233,765 | €223,509 | -€10,256 | -4.4% |
| Financial debts | 170/4 | €233,765 | €223,509 | -€10,256 | -4.4% |
| Amounts payable within one year | 42/48 | €431,565 | €447,101 | +€15,536 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €13,754 | €13,952 | +€198 | +1.4% |
| Financial debts | 43 | €399,998 | €399,998 | = | 0.0% |
| Credit institutions | 430/8 | €399,998 | €399,998 | = | 0.0% |
| Trade debts | 44 | €10,153 | €25,921 | +€15,769 | +155.3% |
| Suppliers | 440/4 | €10,153 | €25,921 | +€15,769 | +155.3% |
| Taxes, remuneration and social security | 45 | €2,126 | €1,695 | -€431 | -20.3% |
| Taxes | 450/3 | €2,126 | €1,695 | -€431 | -20.3% |
| Other amounts payable | 47/48 | €5,534 | €5,534 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,717 | €6,063 | -€2,654 | -30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,450 | €6,973 | -€6,476 | -48.2% |
| Other operating charges | 640/8 | €4,772 | €5,160 | +€388 | +8.1% |
| Gross operating margin | 9900 | €57,300 | €15,603 | -€41,697 | -72.8% |
| Operating profit (loss) | 9901 | €39,078 | €3,469 | -€35,609 | -91.1% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €33,274 | €3,921 | -€29,353 | -88.2% |
| Recurring financial charges | 65 | €33,274 | €3,921 | -€29,353 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | €5,804 | -€452 | -€6,256 | |
| Income taxes | 67/77 | €1,582 | €1,174 | -€407 | -25.8% |
| Profit (loss) for the period | 9904 | €4,222 | -€1,626 | -€5,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,222 | -€1,626 | -€5,848 |
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.