IMMO-SER: 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-SER
Largest movements
- Tangible fixed assets -€61,826
down €61,826 (-10.3%), from €602,799 to €540,973
- Receivables within one year -€41,880
down €41,880 (-52.7%), from €79,407 to €37,527
- Other debts -€68,732
down €68,732 (-92.0%), from €74,732 to €6,000
- Debts after one year -€56,771
down €56,771 (-34.8%), from €163,132 to €106,361
- Reserves +€24,000
up €24,000 (+6.8%), from €355,000 to €379,000
- Trade debts -€7,913
no longer reported in 2025 (was €7,913)
- Financial charges -€4,094
down €4,094 (-30.1%), from €13,616 to €9,522
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 | €682,404 | €578,849 | -€103,555 | -15.2% |
| Fixed assets | 21/28 | €602,799 | €540,973 | -€61,826 | -10.3% |
| Tangible fixed assets | 22/27 | €602,799 | €540,973 | -€61,826 | -10.3% |
| Land and buildings | 22 | €602,799 | €540,973 | -€61,826 | -10.3% |
| Current assets | 29/58 | €79,605 | €37,876 | -€41,729 | -52.4% |
| Amounts receivable within one year | 40/41 | €79,407 | €37,527 | -€41,880 | -52.7% |
| Other amounts receivable | 41 | €79,407 | €37,527 | -€41,880 | -52.7% |
| Cash at bank and in hand | 54/58 | €198 | €349 | +€151 | +76.3% |
| Total equity and liabilities | 10/49 | €682,404 | €578,849 | -€103,555 | -15.2% |
| Equity | 10/15 | €381,347 | €406,192 | +€24,845 | +6.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €355,000 | €379,000 | +€24,000 | +6.8% |
| Distributable reserves | 133 | €355,000 | €379,000 | +€24,000 | +6.8% |
| Profit (loss) carried forward | 14 | €6,347 | €7,192 | +€845 | +13.3% |
| Amounts payable | 17/49 | €301,057 | €172,657 | -€128,400 | -42.6% |
| Amounts payable after more than one year | 17 | €163,132 | €106,361 | -€56,771 | -34.8% |
| Financial debts | 170/4 | €163,132 | €106,361 | -€56,771 | -34.8% |
| Amounts payable within one year | 42/48 | €137,925 | €66,296 | -€71,629 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €54,030 | €56,771 | +€2,741 | +5.1% |
| Trade debts | 44 | €7,913 | - | -€7,913 | |
| Suppliers | 440/4 | €7,913 | - | -€7,913 | |
| Taxes, remuneration and social security | 45 | €1,250 | €3,525 | +€2,275 | +182% |
| Taxes | 450/3 | €1,250 | €3,525 | +€2,275 | +182% |
| Other amounts payable | 47/48 | €74,732 | €6,000 | -€68,732 | -92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,825 | €61,826 | +€1 | 0.0% |
| Other operating charges | 640/8 | €15,081 | €15,551 | +€470 | +3.1% |
| Gross operating margin | 9900 | €119,421 | €120,019 | +€598 | +0.5% |
| Operating profit (loss) | 9901 | €42,515 | €42,642 | +€127 | +0.3% |
| Financial charges | 65/66B | €13,616 | €9,522 | -€4,094 | -30.1% |
| Recurring financial charges | 65 | €13,616 | €9,522 | -€4,094 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €28,899 | €33,120 | +€4,221 | +14.6% |
| Income taxes | 67/77 | €7,238 | €8,275 | +€1,037 | +14.3% |
| Profit (loss) for the period | 9904 | €21,661 | €24,845 | +€3,184 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,661 | €24,845 | +€3,184 | +14.7% |
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 17 October 2026 via checked.be.