IMMO SS: 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 SS
Largest movements
- Cash -€80,527
down €80,527 (-44.0%), from €183,037 to €102,510
mainly Deferred charges and accrued income (-€73,444) and Investment in fixed assets (net) (-€39,321)
- Deferred charges and accrued income +€73,444
new in 2025: €73,444
- Financial fixed assets +€15,000
up €15,000 (+2.7%), from €560,500 to €575,500
- Tangible fixed assets +€14,121
up €14,121 (+26.0%), from €54,259 to €68,380
of which Furniture and vehicles: +€19,901
- Profit (loss) carried forward +€38,512
up €38,512 (+65.7%), from €58,643 to €97,155
- Trade debts -€12,891
no longer reported in 2025 (was €12,891)
- Gross operating margin +€37,645
up €37,645 (+131.0%), from €28,728 to €66,373
- Depreciation +€6,702
up €6,702 (+191.6%), from €3,498 to €10,200
- Taxes +€6,176
up €6,176 (+166.1%), from €3,718 to €9,894
- Other operating charges +€1,118
up €1,118 (+17.0%), from €6,578 to €7,696
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 | €797,796 | €819,834 | +€22,038 | +2.8% |
| Fixed assets | 21/28 | €614,759 | €643,880 | +€29,121 | +4.7% |
| Tangible fixed assets | 22/27 | €54,259 | €68,380 | +€14,121 | +26.0% |
| Furniture and vehicles | 24 | - | €19,901 | +€19,901 | |
| Other tangible fixed assets | 26 | €54,259 | €48,479 | -€5,780 | -10.7% |
| Financial fixed assets | 28 | €560,500 | €575,500 | +€15,000 | +2.7% |
| Current assets | 29/58 | €183,037 | €175,954 | -€7,083 | -3.9% |
| Cash at bank and in hand | 54/58 | €183,037 | €102,510 | -€80,527 | -44.0% |
| Deferred charges and accrued income | 490/1 | - | €73,444 | +€73,444 | |
| Total equity and liabilities | 10/49 | €797,796 | €819,834 | +€22,038 | +2.8% |
| Equity | 10/15 | €68,643 | €107,155 | +€38,512 | +56.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,643 | €97,155 | +€38,512 | +65.7% |
| Amounts payable | 17/49 | €729,153 | €712,679 | -€16,474 | -2.3% |
| Amounts payable within one year | 42/48 | €729,153 | €712,679 | -€16,474 | -2.3% |
| Trade debts | 44 | €12,891 | - | -€12,891 | |
| Suppliers | 440/4 | €12,891 | - | -€12,891 | |
| Taxes, remuneration and social security | 45 | €14,662 | €13,612 | -€1,050 | -7.2% |
| Taxes | 450/3 | €14,662 | €13,612 | -€1,050 | -7.2% |
| Other amounts payable | 47/48 | €701,600 | €699,067 | -€2,533 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,498 | €10,200 | +€6,702 | +191.6% |
| Other operating charges | 640/8 | €6,578 | €7,696 | +€1,118 | +17.0% |
| Gross operating margin | 9900 | €28,728 | €66,373 | +€37,645 | +131.0% |
| Operating profit (loss) | 9901 | €18,652 | €48,477 | +€29,825 | +159.9% |
| Financial charges | 65/66B | €62 | €71 | +€9 | +14.5% |
| Recurring financial charges | 65 | €62 | €71 | +€9 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €18,590 | €48,406 | +€29,816 | +160.4% |
| Income taxes | 67/77 | €3,718 | €9,894 | +€6,176 | +166.1% |
| Profit (loss) for the period | 9904 | €14,872 | €38,512 | +€23,640 | +159.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,872 | €38,512 | +€23,640 | +159.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.