IMMO SPL: 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 SPL
Largest movements
- Cash -€8,188
down €8,188 (-12.1%), from €67,927 to €59,739
mainly Investment in fixed assets (net) (-€12,179) and Net result for the year (-€8,013)
- Tangible fixed assets +€4,040
up €4,040 (+1.5%), from €270,560 to €274,600
of which Plant, machinery and equipment: +€2,749
- Profit (loss) carried forward -€8,013
down €8,013 (-1.2%), from -€694,925 to -€702,938
- Accrued charges and deferred income +€4,000
up €4,000 (+7.8%), from €51,590 to €55,590
- Financial charges +€3,600
up €3,600 (+743.8%), from €484 to €4,084
- Depreciation +€695
up €695 (+9.3%), from €7,444 to €8,139
- Other operating charges +€73
up €73 (+3.5%), from €2,093 to €2,166
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 | €338,487 | €334,389 | -€4,098 | -1.2% |
| Fixed assets | 21/28 | €270,560 | €274,600 | +€4,040 | +1.5% |
| Tangible fixed assets | 22/27 | €270,560 | €274,600 | +€4,040 | +1.5% |
| Land and buildings | 22 | €270,560 | €271,851 | +€1,291 | +0.5% |
| Plant, machinery and equipment | 23 | - | €2,749 | +€2,749 | |
| Current assets | 29/58 | €67,927 | €59,789 | -€8,138 | -12.0% |
| Cash at bank and in hand | 54/58 | €67,927 | €59,739 | -€8,188 | -12.1% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €338,487 | €334,389 | -€4,098 | -1.2% |
| Equity | 10/15 | -€504,047 | -€512,060 | -€8,013 | -1.6% |
| Contributions | 10/11 | €173,525 | €173,525 | = | 0.0% |
| Capital | 10 | €173,525 | €173,525 | = | 0.0% |
| Issued capital | 100 | €173,525 | €173,525 | = | 0.0% |
| Reserves | 13 | €17,353 | €17,353 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,353 | €17,353 | = | 0.0% |
| Legal reserve | 130 | €17,353 | €17,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,925 | -€702,938 | -€8,013 | -1.2% |
| Amounts payable | 17/49 | €842,534 | €846,449 | +€3,915 | +0.5% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €390,944 | €390,859 | -€85 | 0.0% |
| Trade debts | 44 | €85 | - | -€85 | |
| Suppliers | 440/4 | €85 | - | -€85 | |
| Other amounts payable | 47/48 | €390,859 | €390,859 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €51,590 | €55,590 | +€4,000 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,444 | €8,139 | +€695 | +9.3% |
| Other operating charges | 640/8 | €2,093 | €2,166 | +€73 | +3.5% |
| Gross operating margin | 9900 | €6,316 | €6,376 | +€60 | +0.9% |
| Operating profit (loss) | 9901 | -€3,221 | -€3,929 | -€708 | -22.0% |
| Financial charges | 65/66B | €484 | €4,084 | +€3,600 | +743.8% |
| Recurring financial charges | 65 | €484 | €4,084 | +€3,600 | +743.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,705 | -€8,013 | -€4,308 | -116.3% |
| Profit (loss) for the period | 9904 | -€3,705 | -€8,013 | -€4,308 | -116.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,705 | -€8,013 | -€4,308 | -116.3% |
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 30 September 2026 via checked.be.