IMMO-S CONCEPT: 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-S CONCEPT
Largest movements
- Cash -€30,060
down €30,060 (-48.0%), from €62,581 to €32,522
mainly Net result for the year (-€28,308) and Investment in fixed assets (net) (-€20,139)
- Tangible fixed assets +€9,614
up €9,614 (+19.9%), from €48,415 to €58,029
of which Other tangible fixed assets: +€6,451
- Profit (loss) carried forward -€28,308
down €28,308 (-49.5%), from €57,142 to €28,834
- Other debts +€7,902
up €7,902 (+99.7%), from €7,923 to €15,825
- Tax, wage and social debts -€1,356
down €1,356 (-12.4%), from €10,910 to €9,554
- Trade debts +€1,239
new in 2025: €1,239
- Gross operating margin -€39,705
down €39,705 (-75.6%), from €52,550 to €12,844
- Taxes -€10,910
no longer reported in 2025 (was €10,910)
- Depreciation -€4,238
down €4,238 (-28.7%), from €14,763 to €10,525
- Other operating charges +€3,942
up €3,942 (+237%), from €1,666 to €5,608
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 | €116,984 | €96,462 | -€20,522 | -17.5% |
| Fixed assets | 21/28 | €48,415 | €58,029 | +€9,614 | +19.9% |
| Tangible fixed assets | 22/27 | €48,415 | €58,029 | +€9,614 | +19.9% |
| Furniture and vehicles | 24 | €48,415 | €51,578 | +€3,163 | +6.5% |
| Other tangible fixed assets | 26 | - | €6,451 | +€6,451 | |
| Current assets | 29/58 | €68,569 | €38,434 | -€30,136 | -43.9% |
| Amounts receivable within one year | 40/41 | €5,988 | €5,912 | -€76 | -1.3% |
| Trade receivables | 40 | €5,008 | €4,997 | -€11 | -0.2% |
| Other amounts receivable | 41 | €980 | €915 | -€65 | -6.6% |
| Cash at bank and in hand | 54/58 | €62,581 | €32,522 | -€30,060 | -48.0% |
| Total equity and liabilities | 10/49 | €116,984 | €96,462 | -€20,522 | -17.5% |
| Equity | 10/15 | €98,151 | €69,844 | -€28,308 | -28.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €34,510 | €34,510 | = | 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% |
| Distributable reserves | 133 | €32,650 | €32,650 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,142 | €28,834 | -€28,308 | -49.5% |
| Amounts payable | 17/49 | €18,833 | €26,619 | +€7,786 | +41.3% |
| Amounts payable within one year | 42/48 | €18,833 | €26,619 | +€7,786 | +41.3% |
| Trade debts | 44 | - | €1,239 | +€1,239 | |
| Suppliers | 440/4 | - | €1,239 | +€1,239 | |
| Taxes, remuneration and social security | 45 | €10,910 | €9,554 | -€1,356 | -12.4% |
| Taxes | 450/3 | €10,910 | €9,554 | -€1,356 | -12.4% |
| Other amounts payable | 47/48 | €7,923 | €15,825 | +€7,902 | +99.7% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,763 | €10,525 | -€4,238 | -28.7% |
| Other operating charges | 640/8 | €1,666 | €5,608 | +€3,942 | +237% |
| Non-recurring operating charges | 66A | - | €24,848 | +€24,848 | |
| Gross operating margin | 9900 | €52,550 | €12,844 | -€39,705 | -75.6% |
| Operating profit (loss) | 9901 | €36,121 | -€28,138 | -€64,258 | |
| Financial charges | 65/66B | €153 | €170 | +€17 | +11.1% |
| Recurring financial charges | 65 | €153 | €170 | +€17 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €35,967 | -€28,308 | -€64,275 | |
| Income taxes | 67/77 | €10,910 | - | -€10,910 | |
| Profit (loss) for the period | 9904 | €25,058 | -€28,308 | -€53,365 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,058 | -€28,308 | -€53,365 |
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 15 October 2026 via checked.be.