Immo Square: 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 Square
Largest movements
- Receivables within one year +€94,306
up €94,306 (+450.7%), from €20,926 to €115,232
of which Other amounts receivable: +€99,488
- Current investments -€67,591
down €67,591 (-85.4%), from €79,108 to €11,518
- Cash +€9,664
up €9,664 (+117.8%), from €8,204 to €17,868
mainly Current investments (+€67,591) and Other debts (+€49,864)
- Tangible fixed assets -€5,843
down €5,843 (-31.8%), from €18,404 to €12,560
of which Land and buildings: -€3,750
- Other debts +€49,864
up €49,864 (+491.9%), from €10,136 to €60,000
- Reserves -€13,620
down €13,620 (-14.9%), from €91,133 to €77,512
- Trade debts -€3,651
down €3,651 (-29.7%), from €12,291 to €8,641
- Tax, wage and social debts -€2,099
down €2,099 (-14.3%), from €14,677 to €12,578
of which Taxes: -€8,442
- Gross operating margin +€84,144
up €84,144 (+93.1%), from €90,335 to €174,480
- Staff costs +€48,743
up €48,743 (+139.9%), from €34,836 to €83,579
- Taxes +€9,501
up €9,501 (+131.1%), from €7,249 to €16,750
- Other operating charges -€4,970
down €4,970 (-19.5%), from €25,528 to €20,557
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 | €128,237 | €158,730 | +€30,493 | +23.8% |
| Fixed assets | 21/28 | €18,584 | €12,740 | -€5,843 | -31.4% |
| Tangible fixed assets | 22/27 | €18,404 | €12,560 | -€5,843 | -31.8% |
| Land and buildings | 22 | €15,000 | €11,250 | -€3,750 | -25.0% |
| Furniture and vehicles | 24 | €1,468 | €902 | -€566 | -38.5% |
| Other tangible fixed assets | 26 | €1,935 | €408 | -€1,528 | -78.9% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €109,654 | €145,990 | +€36,337 | +33.1% |
| Amounts receivable within one year | 40/41 | €20,926 | €115,232 | +€94,306 | +450.7% |
| Trade receivables | 40 | €10,619 | €5,437 | -€5,182 | -48.8% |
| Other amounts receivable | 41 | €10,307 | €109,795 | +€99,488 | +965.2% |
| Current investments | 50/53 | €79,108 | €11,518 | -€67,591 | -85.4% |
| Cash at bank and in hand | 54/58 | €8,204 | €17,868 | +€9,664 | +117.8% |
| Deferred charges and accrued income | 490/1 | €1,415 | €1,373 | -€42 | -2.9% |
| Total equity and liabilities | 10/49 | €128,237 | €158,730 | +€30,493 | +23.8% |
| Equity | 10/15 | €91,133 | €77,512 | -€13,620 | -14.9% |
| Reserves | 13 | €91,133 | €77,512 | -€13,620 | -14.9% |
| Distributable reserves | 133 | €91,133 | €77,512 | -€13,620 | -14.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,104 | €81,218 | +€44,114 | +118.9% |
| Amounts payable within one year | 42/48 | €37,104 | €81,218 | +€44,114 | +118.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €12,291 | €8,641 | -€3,651 | -29.7% |
| Suppliers | 440/4 | €12,291 | €8,641 | -€3,651 | -29.7% |
| Taxes, remuneration and social security | 45 | €14,677 | €12,578 | -€2,099 | -14.3% |
| Taxes | 450/3 | €11,247 | €2,806 | -€8,442 | -75.1% |
| Remuneration and social security | 454/9 | €3,430 | €9,772 | +€6,342 | +184.9% |
| Other amounts payable | 47/48 | €10,136 | €60,000 | +€49,864 | +491.9% |
| Remuneration, social security and pensions | 62 | €34,836 | €83,579 | +€48,743 | +139.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,614 | €5,843 | +€229 | +4.1% |
| Other operating charges | 640/8 | €25,528 | €20,557 | -€4,970 | -19.5% |
| Gross operating margin | 9900 | €90,335 | €174,480 | +€84,144 | +93.1% |
| Operating profit (loss) | 9901 | €24,357 | €64,500 | +€40,142 | +164.8% |
| Financial income | 75/76B | €186 | €767 | +€580 | +311.3% |
| Recurring financial income | 75 | €186 | €767 | +€580 | +311.3% |
| Financial charges | 65/66B | €1,979 | €2,137 | +€159 | +8.0% |
| Recurring financial charges | 65 | €1,979 | €2,137 | +€159 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €22,565 | €63,129 | +€40,564 | +179.8% |
| Income taxes | 67/77 | €7,249 | €16,750 | +€9,501 | +131.1% |
| Profit (loss) for the period | 9904 | €15,316 | €46,380 | +€31,064 | +202.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,316 | €46,380 | +€31,064 | +202.8% |
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 10 October 2026 via checked.be.