IMMO SCRATCH: 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 SCRATCH
Largest movements
- Cash +€11,084
up €11,084 (+19.4%), from €57,046 to €68,130
mainly Other debts (+€38,364) and Net result for the year (+€16,757)
- Tangible fixed assets -€7,501
down €7,501 (-5.9%), from €126,831 to €119,331
of which Plant, machinery and equipment: -€6,881
- Other debts +€38,364
up €38,364 (+107%), from €35,853 to €74,217
- Reserves -€17,585
down €17,585 (-37.2%), from €47,270 to €29,685
- Trade debts -€10,181
down €10,181 (-87.8%), from €11,599 to €1,419
- Current portion of long-term debt -€5,888
down €5,888 (-100%), from €5,888 to €0
- Gross operating margin -€5,687
down €5,687 (-12.3%), from €46,087 to €40,400
- Taxes +€1,981
up €1,981 (+33.6%), from €5,893 to €7,874
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 | €191,564 | €194,382 | +€2,818 | +1.5% |
| Fixed assets | 21/28 | €126,831 | €119,331 | -€7,501 | -5.9% |
| Tangible fixed assets | 22/27 | €126,831 | €119,331 | -€7,501 | -5.9% |
| Land and buildings | 22 | €71,325 | €70,705 | -€620 | -0.9% |
| Plant, machinery and equipment | 23 | €55,506 | €48,625 | -€6,881 | -12.4% |
| Current assets | 29/58 | €64,732 | €75,051 | +€10,319 | +15.9% |
| Amounts receivable within one year | 40/41 | €7,686 | €6,921 | -€765 | -9.9% |
| Trade receivables | 40 | €6,893 | €6,893 | = | 0.0% |
| Other amounts receivable | 41 | €792 | €28 | -€765 | -96.5% |
| Cash at bank and in hand | 54/58 | €57,046 | €68,130 | +€11,084 | +19.4% |
| Total equity and liabilities | 10/49 | €191,564 | €194,382 | +€2,818 | +1.5% |
| Equity | 10/15 | €109,493 | €91,185 | -€18,308 | -16.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €47,270 | €29,685 | -€17,585 | -37.2% |
| Distributable reserves | 133 | €47,270 | €29,685 | -€17,585 | -37.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €723 | €0 | -€723 | -100% |
| Provisions and deferred taxes | 16 | €24,000 | €24,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €24,000 | €24,000 | = | 0.0% |
| Environmental obligations | 163 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €58,071 | €79,197 | +€21,126 | +36.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €58,071 | €79,197 | +€21,126 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €5,888 | €0 | -€5,888 | -100% |
| Trade debts | 44 | €11,599 | €1,419 | -€10,181 | -87.8% |
| Suppliers | 440/4 | €11,599 | €1,419 | -€10,181 | -87.8% |
| Taxes, remuneration and social security | 45 | €4,731 | €3,561 | -€1,170 | -24.7% |
| Taxes | 450/3 | €4,731 | €3,561 | -€1,170 | -24.7% |
| Other amounts payable | 47/48 | €35,853 | €74,217 | +€38,364 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,570 | €7,501 | -€69 | -0.9% |
| Other operating charges | 640/8 | €8,940 | €8,667 | -€273 | -3.1% |
| Gross operating margin | 9900 | €46,087 | €40,400 | -€5,687 | -12.3% |
| Operating profit (loss) | 9901 | €29,578 | €24,233 | -€5,345 | -18.1% |
| Financial income | 75/76B | €925 | €723 | -€202 | -21.9% |
| Recurring financial income | 75 | €925 | €723 | -€202 | -21.9% |
| Financial charges | 65/66B | €407 | €324 | -€83 | -20.5% |
| Recurring financial charges | 65 | €407 | €324 | -€83 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €30,095 | €24,632 | -€5,464 | -18.2% |
| Income taxes | 67/77 | €5,893 | €7,874 | +€1,981 | +33.6% |
| Profit (loss) for the period | 9904 | €24,202 | €16,757 | -€7,445 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,202 | €16,757 | -€7,445 | -30.8% |
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.