IMMO-REYERS: 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-REYERS
Largest movements
- Tangible fixed assets -€79,933
down €79,933 (-5.5%), from €1.5m to €1.4m
of which Land and buildings: -€60,601
- Receivables within one year +€21,386
up €21,386 (+164%), from €13,060 to €34,446
of which Trade receivables: +€20,983
- Debts after one year -€125,707
down €125,707 (-13.3%), from €944,823 to €819,116
- Trade debts +€58,069
up €58,069 (+98.5%), from €58,958 to €117,027
- Current portion of long-term debt +€15,823
up €15,823 (+13.8%), from €114,946 to €130,768
- Gross operating margin -€11,260
down €11,260 (-6.6%), from €170,541 to €159,281
- Depreciation -€5,069
down €5,069 (-5.9%), from €85,659 to €80,590
- Other operating charges +€4,418
up €4,418 (+12.7%), from €34,804 to €39,222
- Financial charges -€3,789
down €3,789 (-12.2%), from €30,952 to €27,163
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 | €1,475,561 | €1,428,763 | -€46,798 | -3.2% |
| Fixed assets | 21/28 | €1,462,500 | €1,382,567 | -€79,933 | -5.5% |
| Tangible fixed assets | 22/27 | €1,462,500 | €1,382,567 | -€79,933 | -5.5% |
| Land and buildings | 22 | €1,320,581 | €1,259,980 | -€60,601 | -4.6% |
| Other tangible fixed assets | 26 | €141,920 | €122,588 | -€19,332 | -13.6% |
| Current assets | 29/58 | €13,060 | €46,195 | +€33,135 | +254% |
| Amounts receivable within one year | 40/41 | €13,060 | €34,446 | +€21,386 | +164% |
| Trade receivables | 40 | €3,495 | €24,478 | +€20,983 | +600% |
| Other amounts receivable | 41 | €9,565 | €9,969 | +€404 | +4.2% |
| Cash at bank and in hand | 54/58 | - | €11,749 | +€11,749 | |
| Total equity and liabilities | 10/49 | €1,475,561 | €1,428,763 | -€46,798 | -3.2% |
| Equity | 10/15 | €151,235 | €158,335 | +€7,100 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,635 | €139,735 | +€7,100 | +5.4% |
| 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 | €130,775 | €137,875 | +€7,100 | +5.4% |
| Amounts payable | 17/49 | €1,324,325 | €1,270,427 | -€53,898 | -4.1% |
| Amounts payable after more than one year | 17 | €944,823 | €819,116 | -€125,707 | -13.3% |
| Financial debts | 170/4 | €944,823 | €819,116 | -€125,707 | -13.3% |
| Amounts payable within one year | 42/48 | €375,850 | €449,255 | +€73,405 | +19.5% |
| Current portion of amounts payable after more than one year | 42 | €114,946 | €130,768 | +€15,823 | +13.8% |
| Financial debts | 43 | €6,261 | - | -€6,261 | |
| Credit institutions | 430/8 | €6,261 | - | -€6,261 | |
| Trade debts | 44 | €58,958 | €117,027 | +€58,069 | +98.5% |
| Suppliers | 440/4 | €58,958 | €117,027 | +€58,069 | +98.5% |
| Taxes, remuneration and social security | 45 | €8,641 | €10,460 | +€1,819 | +21.1% |
| Taxes | 450/3 | €8,641 | €10,460 | +€1,819 | +21.1% |
| Other amounts payable | 47/48 | €187,045 | €191,000 | +€3,955 | +2.1% |
| Accrued charges and deferred income | 492/3 | €3,652 | €2,056 | -€1,595 | -43.7% |
| Non-recurring operating income | 76A | - | €657 | +€657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,659 | €80,590 | -€5,069 | -5.9% |
| Other operating charges | 640/8 | €34,804 | €39,222 | +€4,418 | +12.7% |
| Gross operating margin | 9900 | €170,541 | €159,281 | -€11,260 | -6.6% |
| Operating profit (loss) | 9901 | €50,078 | €39,469 | -€10,609 | -21.2% |
| Financial charges | 65/66B | €30,952 | €27,163 | -€3,789 | -12.2% |
| Recurring financial charges | 65 | €30,952 | €27,163 | -€3,789 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €19,126 | €12,306 | -€6,820 | -35.7% |
| Income taxes | 67/77 | €6,898 | €5,206 | -€1,692 | -24.5% |
| Profit (loss) for the period | 9904 | €12,228 | €7,100 | -€5,128 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,228 | €7,100 | -€5,128 | -41.9% |
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 29 October 2026 via checked.be.