IMMO S.: 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 S.
Largest movements
- Cash -€77,351
down €77,351 (-16.3%), from €474,555 to €397,205
mainly Stocks and contracts (-€51,947) and Net result for the year (-€30,125)
- Stocks and contracts +€51,947
up €51,947 (+17.8%), from €291,201 to €343,148
- Profit (loss) carried forward -€30,125
down €30,125, from €0 to -€30,125
- Trade debts +€18,651
up €18,651 (+3992.4%), from €467 to €19,118
- Tax, wage and social debts -€18,119
down €18,119 (-100.0%), from €18,119 to €0
- Taxes -€219,327
down €219,327 (-100.0%), from €219,327 to €0
- Gross operating margin +€6,115
up €6,115 (+39.4%), from -€15,517 to -€9,402
- Financial income -€3,417
down €3,417 (-84.9%), from €4,024 to €608
- Other operating charges +€1,617
up €1,617 (+11.9%), from €13,609 to €15,226
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 | €879,064 | €849,288 | -€29,775 | -3.4% |
| Fixed assets | 21/28 | €105,916 | €100,088 | -€5,828 | -5.5% |
| Tangible fixed assets | 22/27 | €105,916 | €100,088 | -€5,828 | -5.5% |
| Land and buildings | 22 | €97,961 | €95,115 | -€2,846 | -2.9% |
| Other tangible fixed assets | 26 | €7,955 | €4,973 | -€2,982 | -37.5% |
| Current assets | 29/58 | €773,148 | €749,200 | -€23,948 | -3.1% |
| Stocks and contracts in progress | 3 | €291,201 | €343,148 | +€51,947 | +17.8% |
| Stocks | 30/36 | €291,201 | €343,148 | +€51,947 | +17.8% |
| Amounts receivable within one year | 40/41 | €5,484 | €5,000 | -€484 | -8.8% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €484 | €0 | -€484 | -100.0% |
| Cash at bank and in hand | 54/58 | €474,555 | €397,205 | -€77,351 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,907 | €3,848 | +€1,941 | +101.8% |
| Total equity and liabilities | 10/49 | €879,064 | €849,288 | -€29,775 | -3.4% |
| Equity | 10/15 | €859,963 | €829,839 | -€30,125 | -3.5% |
| Contributions | 10/11 | €336,950 | €336,950 | = | 0.0% |
| Reserves | 13 | €523,013 | €523,013 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €523,013 | €523,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€30,125 | -€30,125 | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €19,100 | €19,450 | +€350 | +1.8% |
| Amounts payable within one year | 42/48 | €18,713 | €19,450 | +€737 | +3.9% |
| Trade debts | 44 | €467 | €19,118 | +€18,651 | +3992.4% |
| Suppliers | 440/4 | €467 | €19,118 | +€18,651 | +3992.4% |
| Taxes, remuneration and social security | 45 | €18,119 | €0 | -€18,119 | -100.0% |
| Taxes | 450/3 | €18,119 | €0 | -€18,119 | -100.0% |
| Other amounts payable | 47/48 | €126 | €332 | +€206 | +162.9% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,828 | €5,828 | = | 0.0% |
| Other operating charges | 640/8 | €13,609 | €15,226 | +€1,617 | +11.9% |
| Gross operating margin | 9900 | -€15,517 | -€9,402 | +€6,115 | +39.4% |
| Operating profit (loss) | 9901 | -€34,953 | -€30,456 | +€4,498 | +12.9% |
| Financial income | 75/76B | €4,024 | €608 | -€3,417 | -84.9% |
| Recurring financial income | 75 | €4,024 | €608 | -€3,417 | -84.9% |
| Financial charges | 65/66B | €154 | €277 | +€123 | +79.9% |
| Recurring financial charges | 65 | €154 | €277 | +€123 | +79.9% |
| Profit (loss) for the period before taxes | 9903 | -€31,083 | -€30,125 | +€958 | +3.1% |
| Transfer from deferred taxes | 780 | €194,388 | €0 | -€194,388 | -100.0% |
| Income taxes | 67/77 | €219,327 | €0 | -€219,327 | -100.0% |
| Profit (loss) for the period | 9904 | -€56,022 | -€30,125 | +€25,897 | +46.2% |
| Transfer from tax-exempt reserves | 789 | €583,193 | €0 | -€583,193 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €527,171 | -€30,125 | -€557,296 |
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 2 October 2026 via checked.be.