IMMO SPRANCO: 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 SPRANCO
Largest movements
- Receivables within one year -€1.2m
no longer reported in 2025 (was €1.2m)
- Cash +€235,305
up €235,305 (+376%), from €62,505 to €297,810
mainly Receivables within one year (+€1.2m) and Net result for the year (+€83,940)
- Other debts -€817,225
down €817,225 (-75.0%), from €1.1m to €272,537
- Reserves -€132,710
down €132,710 (-5.9%), from €2.2m to €2.1m
of which Distributable reserves: -€132,710
- Tax, wage and social debts -€66,689
down €66,689 (-69.1%), from €96,475 to €29,786
- Taxes -€63,826
down €63,826 (-61.7%), from €103,493 to €39,667
- Financial income -€49,501
down €49,501 (-98.6%), from €50,194 to €693
- Other operating charges -€37,005
down €37,005 (-77.0%), from €48,080 to €11,075
- Gross operating margin -€26,101
down €26,101 (-14.4%), from €181,668 to €155,566
- Financial charges -€22,363
down €22,363 (-53.3%), from €41,979 to €19,617
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 | €3,502,602 | €2,486,436 | -€1.0m | -29.0% |
| Fixed assets | 21/28 | €2,190,330 | €2,188,370 | -€1,960 | -0.1% |
| Tangible fixed assets | 22/27 | €1,685,092 | €1,683,132 | -€1,960 | -0.1% |
| Land and buildings | 22 | €1,685,092 | €1,683,132 | -€1,960 | -0.1% |
| Financial fixed assets | 28 | €505,239 | €505,239 | = | 0.0% |
| Current assets | 29/58 | €1,312,272 | €298,066 | -€1.0m | -77.3% |
| Amounts receivable within one year | 40/41 | €1,249,507 | - | -€1.2m | |
| Other amounts receivable | 41 | €1,249,507 | - | -€1.2m | |
| Current investments | 50/53 | €260 | €257 | -€3 | -1.3% |
| Cash at bank and in hand | 54/58 | €62,505 | €297,810 | +€235,305 | +376% |
| Total equity and liabilities | 10/49 | €3,502,602 | €2,486,436 | -€1.0m | -29.0% |
| Equity | 10/15 | €2,312,784 | €2,181,014 | -€131,770 | -5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,248,975 | €2,116,265 | -€132,710 | -5.9% |
| Tax-exempt reserves | 132 | €5,949 | €5,949 | = | 0.0% |
| Distributable reserves | 133 | €2,243,026 | €2,110,316 | -€132,710 | -5.9% |
| Profit (loss) carried forward | 14 | €13,808 | €14,749 | +€940 | +6.8% |
| Amounts payable | 17/49 | €1,189,819 | €305,422 | -€884,397 | -74.3% |
| Amounts payable within one year | 42/48 | €1,187,319 | €302,922 | -€884,397 | -74.5% |
| Trade debts | 44 | €1,082 | €600 | -€482 | -44.6% |
| Suppliers | 440/4 | €1,082 | €600 | -€482 | -44.6% |
| Taxes, remuneration and social security | 45 | €96,475 | €29,786 | -€66,689 | -69.1% |
| Taxes | 450/3 | €96,475 | €29,786 | -€66,689 | -69.1% |
| Other amounts payable | 47/48 | €1,089,762 | €272,537 | -€817,225 | -75.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,960 | €1,960 | = | 0.0% |
| Other operating charges | 640/8 | €48,080 | €11,075 | -€37,005 | -77.0% |
| Gross operating margin | 9900 | €181,668 | €155,566 | -€26,101 | -14.4% |
| Operating profit (loss) | 9901 | €131,628 | €142,531 | +€10,903 | +8.3% |
| Financial income | 75/76B | €50,194 | €693 | -€49,501 | -98.6% |
| Recurring financial income | 75 | €50,194 | €693 | -€49,501 | -98.6% |
| Financial charges | 65/66B | €41,979 | €19,617 | -€22,363 | -53.3% |
| Recurring financial charges | 65 | €41,979 | €19,617 | -€22,363 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | €139,842 | €123,607 | -€16,235 | -11.6% |
| Income taxes | 67/77 | €103,493 | €39,667 | -€63,826 | -61.7% |
| Profit (loss) for the period | 9904 | €36,350 | €83,940 | +€47,591 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €36,350 | €83,940 | +€47,591 | +131% |
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 30 October 2026 via checked.be.