IMMO SPIRIT: 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 SPIRIT
Largest movements
- Receivables within one year -€152,863
down €152,863 (-89.7%), from €170,460 to €17,597
of which Other amounts receivable: -€150,085
- Tangible fixed assets -€40,813
down €40,813 (-18.8%), from €217,194 to €176,380
- Profit (loss) carried forward -€134,464
down €134,464 (-73.1%), from -€184,067 to -€318,531
- Debts after one year -€62,479
down €62,479 (-27.0%), from €231,319 to €168,840
- Other debts -€14,402
down €14,402 (-9.7%), from €148,496 to €134,094
- Trade debts +€8,132
up €8,132 (+48.8%), from €16,659 to €24,791
- Short-term financial debts +€7,011
up €7,011 (+27.2%), from €25,797 to €32,809
- Financial charges +€98,892
up €98,892 (+410%), from €24,146 to €123,038
of which Non-recurring financial charges: +€94,702
- Gross operating margin -€22,301
down €22,301 (-33.5%), from €66,547 to €44,246
- Other operating charges -€4,969
down €4,969 (-25.1%), from €19,828 to €14,859
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 | €388,669 | €194,892 | -€193,777 | -49.9% |
| Fixed assets | 21/28 | €217,194 | €176,380 | -€40,813 | -18.8% |
| Tangible fixed assets | 22/27 | €217,194 | €176,380 | -€40,813 | -18.8% |
| Land and buildings | 22 | €217,194 | €176,380 | -€40,813 | -18.8% |
| Current assets | 29/58 | €171,475 | €18,512 | -€152,964 | -89.2% |
| Amounts receivable within one year | 40/41 | €170,460 | €17,597 | -€152,863 | -89.7% |
| Trade receivables | 40 | €20,375 | €17,597 | -€2,779 | -13.6% |
| Other amounts receivable | 41 | €150,085 | €0 | -€150,085 | -100% |
| Cash at bank and in hand | 54/58 | €1,015 | €915 | -€100 | -9.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €388,669 | €194,892 | -€193,777 | -49.9% |
| Equity | 10/15 | -€93,656 | -€228,120 | -€134,464 | -144% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,811 | €71,811 | = | 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 | €69,951 | €69,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€184,067 | -€318,531 | -€134,464 | -73.1% |
| Amounts payable | 17/49 | €482,325 | €423,012 | -€59,313 | -12.3% |
| Amounts payable after more than one year | 17 | €231,319 | €168,840 | -€62,479 | -27.0% |
| Financial debts | 170/4 | €231,319 | €168,840 | -€62,479 | -27.0% |
| Amounts payable within one year | 42/48 | €250,086 | €254,173 | +€4,087 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €59,133 | €62,479 | +€3,346 | +5.7% |
| Financial debts | 43 | €25,797 | €32,809 | +€7,011 | +27.2% |
| Credit institutions | 430/8 | €25,797 | €32,809 | +€7,011 | +27.2% |
| Trade debts | 44 | €16,659 | €24,791 | +€8,132 | +48.8% |
| Suppliers | 440/4 | €16,659 | €24,791 | +€8,132 | +48.8% |
| Other amounts payable | 47/48 | €148,496 | €134,094 | -€14,402 | -9.7% |
| Accrued charges and deferred income | 492/3 | €920 | €0 | -€920 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,813 | €40,813 | = | 0.0% |
| Other operating charges | 640/8 | €19,828 | €14,859 | -€4,969 | -25.1% |
| Gross operating margin | 9900 | €66,547 | €44,246 | -€22,301 | -33.5% |
| Operating profit (loss) | 9901 | €5,906 | -€11,426 | -€17,331 | |
| Financial charges | 65/66B | €24,146 | €123,038 | +€98,892 | +410% |
| Recurring financial charges | 65 | €24,146 | €28,336 | +€4,190 | +17.4% |
| Non-recurring financial charges | 66B | - | €94,702 | +€94,702 | |
| Profit (loss) for the period before taxes | 9903 | -€18,240 | -€134,464 | -€116,224 | -637% |
| Profit (loss) for the period | 9904 | -€18,240 | -€134,464 | -€116,224 | -637% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,240 | -€134,464 | -€116,224 | -637% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.