IMMO RETAIL: 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 RETAIL
Largest movements
- Financial fixed assets +€1.2m
up €1.2m (+26.8%), from €4.5m to €5.7m
- Receivables within one year -€160,000
down €160,000 (-88.9%), from €180,000 to €20,000
of which Other amounts receivable: -€170,000
- Other debts +€857,939
up €857,939 (+60.6%), from €1.4m to €2.3m
- Profit (loss) carried forward +€187,282
up €187,282 (+6.5%), from €2.9m to €3.1m
- Financial income -€600,000
down €600,000 (-77.9%), from €770,000 to €170,000
- Financial charges -€39,095
down €39,095 (-42.7%), from €91,455 to €52,360
- Gross operating margin -€35,760
down €35,760 (-33.4%), from €106,961 to €71,201
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 | €4,768,373 | €5,813,339 | +€1.0m | +21.9% |
| Fixed assets | 21/28 | €4,524,082 | €5,737,078 | +€1.2m | +26.8% |
| Financial fixed assets | 28 | €4,524,082 | €5,737,078 | +€1.2m | +26.8% |
| Current assets | 29/58 | €244,291 | €76,261 | -€168,030 | -68.8% |
| Amounts receivable within one year | 40/41 | €180,000 | €20,000 | -€160,000 | -88.9% |
| Trade receivables | 40 | €10,000 | €20,000 | +€10,000 | +100.0% |
| Other amounts receivable | 41 | €170,000 | €0 | -€170,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,291 | €56,261 | -€8,030 | -12.5% |
| Total equity and liabilities | 10/49 | €4,768,373 | €5,813,339 | +€1.0m | +21.9% |
| Equity | 10/15 | €3,350,940 | €3,538,223 | +€187,282 | +5.6% |
| Contributions | 10/11 | €422,817 | €422,817 | = | 0.0% |
| Capital | 10 | €405,083 | €405,083 | = | 0.0% |
| Issued capital | 100 | €405,083 | €405,083 | = | 0.0% |
| Outside capital | 11 | €17,734 | €17,734 | = | 0.0% |
| Share premium | 1100/10 | €17,734 | €17,734 | = | 0.0% |
| Reserves | 13 | €40,508 | €40,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €40,508 | €40,508 | = | 0.0% |
| Legal reserve | 130 | €40,508 | €40,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,887,615 | €3,074,897 | +€187,282 | +6.5% |
| Amounts payable | 17/49 | €1,417,432 | €2,275,117 | +€857,684 | +60.5% |
| Amounts payable within one year | 42/48 | €1,417,432 | €2,275,117 | +€857,684 | +60.5% |
| Trade debts | 44 | €2,586 | €2,331 | -€255 | -9.9% |
| Suppliers | 440/4 | €2,586 | €2,331 | -€255 | -9.9% |
| Other amounts payable | 47/48 | €1,414,846 | €2,272,785 | +€857,939 | +60.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €1,275 | €1,559 | +€284 | +22.2% |
| Gross operating margin | 9900 | €106,961 | €71,201 | -€35,760 | -33.4% |
| Operating profit (loss) | 9901 | €105,686 | €69,642 | -€36,044 | -34.1% |
| Financial income | 75/76B | €770,000 | €170,000 | -€600,000 | -77.9% |
| Recurring financial income | 75 | €770,000 | €170,000 | -€600,000 | -77.9% |
| Financial charges | 65/66B | €91,455 | €52,360 | -€39,095 | -42.7% |
| Recurring financial charges | 65 | €91,455 | €52,360 | -€39,095 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €784,231 | €187,282 | -€596,949 | -76.1% |
| Profit (loss) for the period | 9904 | €784,231 | €187,282 | -€596,949 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €784,231 | €187,282 | -€596,949 | -76.1% |
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 8 October 2026 via checked.be.