IMMO-RENOV: 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-RENOV
Largest movements
- Receivables within one year +€56,628
up €56,628 (+195%), from €29,052 to €85,680
of which Other amounts receivable: +€28,794
- Tangible fixed assets +€12,701
new in 2025: €12,701
- Cash +€8,575
up €8,575 (+135%), from €6,371 to €14,946
mainly Trade debts (+€55,009) and Accrued charges and deferred income (+€9,000)
- Trade debts +€55,009
up €55,009 (+575%), from €9,574 to €64,583
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Tax, wage and social debts +€8,981
up €8,981 (+148%), from €6,050 to €15,031
of which Remuneration and social security: +€5,709
- Reserves +€5,164
up €5,164 (+49.3%), from €10,471 to €15,635
- Staff costs +€24,373
up €24,373 (+342%), from €7,118 to €31,491
- Gross operating margin +€16,436
up €16,436 (+71.6%), from €22,954 to €39,390
- Taxes -€2,520
down €2,520 (-58.9%), from €4,280 to €1,759
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 | €35,535 | €113,689 | +€78,154 | +220% |
| Fixed assets | 21/28 | €100 | €12,801 | +€12,701 | +12,701% |
| Tangible fixed assets | 22/27 | - | €12,701 | +€12,701 | |
| Furniture and vehicles | 24 | - | €12,701 | +€12,701 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €35,435 | €100,888 | +€65,453 | +185% |
| Amounts receivable within one year | 40/41 | €29,052 | €85,680 | +€56,628 | +195% |
| Trade receivables | 40 | €26,187 | €54,021 | +€27,834 | +106% |
| Other amounts receivable | 41 | €2,865 | €31,658 | +€28,794 | +1,005% |
| Cash at bank and in hand | 54/58 | €6,371 | €14,946 | +€8,575 | +135% |
| Deferred charges and accrued income | 490/1 | €12 | €262 | +€251 | +2,118% |
| Total equity and liabilities | 10/49 | €35,535 | €113,689 | +€78,154 | +220% |
| Equity | 10/15 | €19,911 | €25,075 | +€5,164 | +25.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,471 | €15,635 | +€5,164 | +49.3% |
| Distributable reserves | 133 | €10,471 | €15,635 | +€5,164 | +49.3% |
| Profit (loss) carried forward | 14 | €4,440 | €4,440 | = | 0.0% |
| Amounts payable | 17/49 | €15,624 | €88,614 | +€72,990 | +467% |
| Amounts payable within one year | 42/48 | €15,624 | €79,614 | +€63,990 | +410% |
| Trade debts | 44 | €9,574 | €64,583 | +€55,009 | +575% |
| Suppliers | 440/4 | €9,574 | €64,583 | +€55,009 | +575% |
| Taxes, remuneration and social security | 45 | €6,050 | €15,031 | +€8,981 | +148% |
| Taxes | 450/3 | €4,280 | €7,552 | +€3,272 | +76.5% |
| Remuneration and social security | 454/9 | €1,770 | €7,479 | +€5,709 | +322% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €7,118 | €31,491 | +€24,373 | +342% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €49 | +€49 | |
| Other operating charges | 640/8 | €1,033 | €768 | -€265 | -25.7% |
| Gross operating margin | 9900 | €22,954 | €39,390 | +€16,436 | +71.6% |
| Operating profit (loss) | 9901 | €14,803 | €7,082 | -€7,721 | -52.2% |
| Financial charges | 65/66B | €52 | €159 | +€107 | +203% |
| Recurring financial charges | 65 | €52 | €159 | +€107 | +203% |
| Profit (loss) for the period before taxes | 9903 | €14,750 | €6,923 | -€7,827 | -53.1% |
| Income taxes | 67/77 | €4,280 | €1,759 | -€2,520 | -58.9% |
| Profit (loss) for the period | 9904 | €10,471 | €5,164 | -€5,307 | -50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,471 | €5,164 | -€5,307 | -50.7% |
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 19 October 2026 via checked.be.