IMMO STRAIGHT: 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 STRAIGHT
Largest movements
- Receivables within one year -€45,329
down €45,329 (-9.4%), from €481,055 to €435,727
of which Trade receivables: -€54,777
- Cash -€35,489
down €35,489 (-24.1%), from €147,072 to €111,583
mainly Investment in fixed assets (net) (-€86,965) and Trade debts (-€32,639)
- Tangible fixed assets +€23,067
up €23,067 (+4.7%), from €495,357 to €518,424
of which Land and buildings: +€24,110
- Trade debts -€32,639
down €32,639 (-38.8%), from €84,122 to €51,483
- Debts after one year -€26,526
down €26,526 (-3.6%), from €744,558 to €718,032
of which Financial debts: -€26,353
- Other debts -€15,041
down €15,041 (-44.6%), from €33,734 to €18,693
- Gross operating margin -€12,014
down €12,014 (-8.6%), from €139,715 to €127,701
- Depreciation +€5,566
up €5,566 (+9.5%), from €58,332 to €63,898
- Taxes -€1,805
down €1,805 (-37.9%), from €4,766 to €2,961
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 | €1,126,302 | €1,068,026 | -€58,277 | -5.2% |
| Fixed assets | 21/28 | €496,307 | €519,374 | +€23,067 | +4.6% |
| Tangible fixed assets | 22/27 | €495,357 | €518,424 | +€23,067 | +4.7% |
| Land and buildings | 22 | €494,256 | €518,366 | +€24,110 | +4.9% |
| Furniture and vehicles | 24 | €1,101 | €57 | -€1,043 | -94.8% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €629,996 | €548,652 | -€81,344 | -12.9% |
| Amounts receivable within one year | 40/41 | €481,055 | €435,727 | -€45,329 | -9.4% |
| Trade receivables | 40 | €111,537 | €56,761 | -€54,777 | -49.1% |
| Other amounts receivable | 41 | €369,518 | €378,966 | +€9,448 | +2.6% |
| Cash at bank and in hand | 54/58 | €147,072 | €111,583 | -€35,489 | -24.1% |
| Deferred charges and accrued income | 490/1 | €1,868 | €1,342 | -€526 | -28.2% |
| Total equity and liabilities | 10/49 | €1,126,302 | €1,068,026 | -€58,277 | -5.2% |
| Equity | 10/15 | €188,681 | €196,837 | +€8,156 | +4.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €125,860 | €133,860 | +€8,000 | +6.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €119,660 | €127,660 | +€8,000 | +6.7% |
| Profit (loss) carried forward | 14 | €821 | €977 | +€156 | +18.9% |
| Amounts payable | 17/49 | €937,621 | €871,189 | -€66,432 | -7.1% |
| Amounts payable after more than one year | 17 | €744,558 | €718,032 | -€26,526 | -3.6% |
| Financial debts | 170/4 | €711,280 | €684,928 | -€26,353 | -3.7% |
| Other amounts payable | 178/9 | €33,277 | €33,104 | -€173 | -0.5% |
| Amounts payable within one year | 42/48 | €191,496 | €150,842 | -€40,655 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €65,911 | €69,685 | +€3,774 | +5.7% |
| Trade debts | 44 | €84,122 | €51,483 | -€32,639 | -38.8% |
| Suppliers | 440/4 | €84,122 | €51,483 | -€32,639 | -38.8% |
| Taxes, remuneration and social security | 45 | €7,729 | €10,981 | +€3,251 | +42.1% |
| Taxes | 450/3 | €7,729 | €10,981 | +€3,251 | +42.1% |
| Other amounts payable | 47/48 | €33,734 | €18,693 | -€15,041 | -44.6% |
| Accrued charges and deferred income | 492/3 | €1,567 | €2,315 | +€749 | +47.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,332 | €63,898 | +€5,566 | +9.5% |
| Other operating charges | 640/8 | €19,651 | €20,311 | +€660 | +3.4% |
| Non-recurring operating charges | 66A | €4,060 | €729 | -€3,331 | -82.0% |
| Gross operating margin | 9900 | €139,715 | €127,701 | -€12,014 | -8.6% |
| Operating profit (loss) | 9901 | €57,672 | €42,763 | -€14,909 | -25.9% |
| Financial income | 75/76B | €438 | €5 | -€432 | -98.8% |
| Recurring financial income | 75 | €438 | €5 | -€432 | -98.8% |
| Financial charges | 65/66B | €20,679 | €19,652 | -€1,027 | -5.0% |
| Recurring financial charges | 65 | €20,679 | €19,652 | -€1,027 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €37,431 | €23,117 | -€14,314 | -38.2% |
| Income taxes | 67/77 | €4,766 | €2,961 | -€1,805 | -37.9% |
| Profit (loss) for the period | 9904 | €32,664 | €20,156 | -€12,509 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,664 | €20,156 | -€12,509 | -38.3% |
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 30 September 2026 via checked.be.