IMMO S.O.: 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.O.
Largest movements
- Cash +€83,009
up €83,009 (+6,764%), from €1,227 to €84,236
mainly Receivables within one year (+€79,096) and Other debts (+€45,846)
- Receivables within one year -€79,096
down €79,096 (-67.2%), from €117,676 to €38,579
of which Trade receivables: -€45,533
- Tangible fixed assets -€25,525
down €25,525 (-5.9%), from €431,447 to €405,922
of which Land and buildings: -€24,995
- Trade debts -€50,751
down €50,751 (-74.4%), from €68,235 to €17,484
- Other debts +€45,846
up €45,846 (+41.2%), from €111,355 to €157,201
- Debts after one year -€28,710
down €28,710 (-10.1%), from €285,197 to €256,487
- Profit (loss) carried forward +€8,466
up €8,466 (+26.2%), from €32,368 to €40,834
- Gross operating margin +€21,326
up €21,326 (+49.5%), from €43,092 to €64,418
- Write-downs +€13,125
new in 2025: €13,125
- Other operating charges -€4,672
down €4,672 (-36.7%), from €12,731 to €8,060
- Taxes +€2,116
new in 2025: €2,116
- Financial charges -€1,744
down €1,744 (-20.9%), from €8,354 to €6,609
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 | €556,640 | €530,257 | -€26,382 | -4.7% |
| Fixed assets | 21/28 | €433,189 | €407,147 | -€26,042 | -6.0% |
| Intangible fixed assets | 21 | €1,742 | €1,226 | -€517 | -29.6% |
| Tangible fixed assets | 22/27 | €431,447 | €405,922 | -€25,525 | -5.9% |
| Land and buildings | 22 | €423,952 | €398,957 | -€24,995 | -5.9% |
| Plant, machinery and equipment | 23 | €7,495 | €6,964 | -€531 | -7.1% |
| Current assets | 29/58 | €123,450 | €123,110 | -€341 | -0.3% |
| Amounts receivable within one year | 40/41 | €117,676 | €38,579 | -€79,096 | -67.2% |
| Trade receivables | 40 | €83,569 | €38,036 | -€45,533 | -54.5% |
| Other amounts receivable | 41 | €34,107 | €543 | -€33,563 | -98.4% |
| Cash at bank and in hand | 54/58 | €1,227 | €84,236 | +€83,009 | +6,764% |
| Deferred charges and accrued income | 490/1 | €4,547 | €294 | -€4,253 | -93.5% |
| Total equity and liabilities | 10/49 | €556,640 | €530,257 | -€26,382 | -4.7% |
| Equity | 10/15 | €50,968 | €59,434 | +€8,466 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,368 | €40,834 | +€8,466 | +26.2% |
| Amounts payable | 17/49 | €505,671 | €470,823 | -€34,849 | -6.9% |
| Amounts payable after more than one year | 17 | €285,197 | €256,487 | -€28,710 | -10.1% |
| Financial debts | 170/4 | €285,197 | €256,487 | -€28,710 | -10.1% |
| Amounts payable within one year | 42/48 | €211,602 | €205,511 | -€6,091 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €29,666 | €28,710 | -€956 | -3.2% |
| Trade debts | 44 | €68,235 | €17,484 | -€50,751 | -74.4% |
| Suppliers | 440/4 | €68,235 | €17,484 | -€50,751 | -74.4% |
| Taxes, remuneration and social security | 45 | €2,346 | €2,116 | -€230 | -9.8% |
| Taxes | 450/3 | €2,346 | €2,116 | -€230 | -9.8% |
| Other amounts payable | 47/48 | €111,355 | €157,201 | +€45,846 | +41.2% |
| Accrued charges and deferred income | 492/3 | €8,872 | €8,825 | -€48 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,042 | €26,042 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,125 | +€13,125 | |
| Other operating charges | 640/8 | €12,731 | €8,060 | -€4,672 | -36.7% |
| Gross operating margin | 9900 | €43,092 | €64,418 | +€21,326 | +49.5% |
| Operating profit (loss) | 9901 | €4,319 | €17,192 | +€12,873 | +298% |
| Financial charges | 65/66B | €8,354 | €6,609 | -€1,744 | -20.9% |
| Recurring financial charges | 65 | €8,354 | €6,609 | -€1,744 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,035 | €10,582 | +€14,617 | |
| Income taxes | 67/77 | - | €2,116 | +€2,116 | |
| Profit (loss) for the period | 9904 | -€4,035 | €8,466 | +€12,501 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,035 | €8,466 | +€12,501 |
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 13 October 2026 via checked.be.