IMMO - SELECT: 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 - SELECT
Largest movements
- Tangible fixed assets -€47,036
down €47,036 (-21.7%), from €216,870 to €169,834
- Cash -€31,237
down €31,237 (-34.3%), from €90,997 to €59,759
mainly Net result for the year (-€48,664) and Other debts (-€18,755)
- Reserves -€49,523
down €49,523 (-6.8%), from €732,911 to €683,388
of which Distributable reserves: -€35,056
- Other debts -€18,755
down €18,755 (-5.3%), from €355,790 to €337,035
- Financial income -€4,863
down €4,863 (-15.9%), from €30,609 to €25,746
- Gross operating margin +€3,918
up €3,918 (+38.0%), from -€10,304 to -€6,385
- Financial charges +€3,177
up €3,177 (+14.8%), from €21,528 to €24,704
- Depreciation -€2,480
down €2,480 (-5.0%), from €49,516 to €47,036
- Other operating charges +€804
up €804 (+27.5%), from €2,929 to €3,733
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 | €1,178,295 | €1,100,970 | -€77,325 | -6.6% |
| Fixed assets | 21/28 | €216,870 | €169,834 | -€47,036 | -21.7% |
| Tangible fixed assets | 22/27 | €216,870 | €169,834 | -€47,036 | -21.7% |
| Land and buildings | 22 | €216,870 | €169,834 | -€47,036 | -21.7% |
| Current assets | 29/58 | €961,425 | €931,136 | -€30,289 | -3.2% |
| Amounts receivable within one year | 40/41 | €10,766 | €7,717 | -€3,049 | -28.3% |
| Other amounts receivable | 41 | €10,766 | €7,717 | -€3,049 | -28.3% |
| Current investments | 50/53 | €850,000 | €859,577 | +€9,577 | +1.1% |
| Cash at bank and in hand | 54/58 | €90,997 | €59,759 | -€31,237 | -34.3% |
| Deferred charges and accrued income | 490/1 | €9,663 | €4,083 | -€5,580 | -57.7% |
| Total equity and liabilities | 10/49 | €1,178,295 | €1,100,970 | -€77,325 | -6.6% |
| Equity | 10/15 | €795,764 | €746,241 | -€49,523 | -6.2% |
| Contributions | 10/11 | €62,853 | €62,853 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Outside capital | 11 | €1,353 | €1,353 | = | 0.0% |
| Share premium | 1100/10 | €1,353 | €1,353 | = | 0.0% |
| Reserves | 13 | €732,911 | €683,388 | -€49,523 | -6.8% |
| Non-distributable reserves | 130/1 | €6,257 | €6,257 | = | 0.0% |
| Legal reserve | 130 | €6,257 | €6,257 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,853 | €31,386 | -€14,467 | -31.6% |
| Distributable reserves | 133 | €680,801 | €645,744 | -€35,056 | -5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €23,611 | €16,162 | -€7,449 | -31.5% |
| Deferred taxes | 168 | €23,611 | €16,162 | -€7,449 | -31.5% |
| Amounts payable | 17/49 | €358,920 | €338,567 | -€20,353 | -5.7% |
| Amounts payable within one year | 42/48 | €355,790 | €337,035 | -€18,755 | -5.3% |
| Other amounts payable | 47/48 | €355,790 | €337,035 | -€18,755 | -5.3% |
| Accrued charges and deferred income | 492/3 | €3,130 | €1,532 | -€1,598 | -51.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,516 | €47,036 | -€2,480 | -5.0% |
| Other operating charges | 640/8 | €2,929 | €3,733 | +€804 | +27.5% |
| Gross operating margin | 9900 | -€10,304 | -€6,385 | +€3,918 | +38.0% |
| Operating profit (loss) | 9901 | -€62,749 | -€57,155 | +€5,594 | +8.9% |
| Financial income | 75/76B | €30,609 | €25,746 | -€4,863 | -15.9% |
| Recurring financial income | 75 | €30,609 | €25,746 | -€4,863 | -15.9% |
| Financial charges | 65/66B | €21,528 | €24,704 | +€3,177 | +14.8% |
| Recurring financial charges | 65 | €21,528 | €24,704 | +€3,177 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€53,668 | -€56,113 | -€2,446 | -4.6% |
| Transfer from deferred taxes | 780 | €7,449 | €7,449 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€46,218 | -€48,664 | -€2,446 | -5.3% |
| Transfer from tax-exempt reserves | 789 | €14,467 | €14,467 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,752 | -€34,197 | -€2,446 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.