IMMO TAB: 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 TAB
Largest movements
- Tangible fixed assets -€21,637
down €21,637 (-4.7%), from €456,269 to €434,632
of which Land and buildings: -€21,426
- Cash +€7,646
up €7,646 (+87.8%), from €8,705 to €16,352
mainly Net result for the year (+€47,209) and Depreciation (+€22,193)
- Debts after one year -€13,512
down €13,512 (-4.3%), from €315,380 to €301,867
of which Financial debts: -€58,512
- Tax, wage and social debts +€6,031
up €6,031 (+3141.8%), from €192 to €6,223
- Financial income +€26,289
new in 2025: €26,289
- Gross operating margin +€5,806
up €5,806 (+10.7%), from €54,424 to €60,229
- Taxes +€1,781
up €1,781 (+34.3%), from €5,192 to €6,973
- Financial charges -€992
down €992 (-14.3%), from €6,925 to €5,932
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 | €475,277 | €460,754 | -€14,524 | -3.1% |
| Formation expenses | 20 | €4,583 | €4,027 | -€556 | -12.1% |
| Fixed assets | 21/28 | €461,625 | €439,988 | -€21,637 | -4.7% |
| Tangible fixed assets | 22/27 | €456,269 | €434,632 | -€21,637 | -4.7% |
| Land and buildings | 22 | €455,946 | €434,520 | -€21,426 | -4.7% |
| Plant, machinery and equipment | 23 | €322 | €112 | -€211 | -65.3% |
| Financial fixed assets | 28 | €5,357 | €5,357 | = | 0.0% |
| Current assets | 29/58 | €9,070 | €16,739 | +€7,669 | +84.6% |
| Cash at bank and in hand | 54/58 | €8,705 | €16,352 | +€7,646 | +87.8% |
| Deferred charges and accrued income | 490/1 | €364 | €387 | +€23 | +6.3% |
| Total equity and liabilities | 10/49 | €475,277 | €460,754 | -€14,524 | -3.1% |
| Equity | 10/15 | €111,971 | €109,179 | -€2,791 | -2.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €51,971 | €49,179 | -€2,791 | -5.4% |
| Distributable reserves | 133 | €51,971 | €49,179 | -€2,791 | -5.4% |
| Amounts payable | 17/49 | €363,307 | €351,574 | -€11,733 | -3.2% |
| Amounts payable after more than one year | 17 | €315,380 | €301,867 | -€13,512 | -4.3% |
| Financial debts | 170/4 | €315,380 | €256,867 | -€58,512 | -18.6% |
| Other amounts payable | 178/9 | - | €45,000 | +€45,000 | |
| Amounts payable within one year | 42/48 | €47,927 | €49,707 | +€1,780 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €32,890 | €33,512 | +€622 | +1.9% |
| Trade debts | 44 | €1,679 | €1,466 | -€213 | -12.7% |
| Suppliers | 440/4 | €1,679 | €1,466 | -€213 | -12.7% |
| Taxes, remuneration and social security | 45 | €192 | €6,223 | +€6,031 | +3141.8% |
| Taxes | 450/3 | €192 | €6,223 | +€6,031 | +3141.8% |
| Other amounts payable | 47/48 | €13,166 | €8,505 | -€4,660 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,581 | €22,193 | -€388 | -1.7% |
| Other operating charges | 640/8 | €3,636 | €4,211 | +€575 | +15.8% |
| Gross operating margin | 9900 | €54,424 | €60,229 | +€5,806 | +10.7% |
| Operating profit (loss) | 9901 | €28,207 | €33,826 | +€5,619 | +19.9% |
| Financial income | 75/76B | - | €26,289 | +€26,289 | |
| Recurring financial income | 75 | - | €26,289 | +€26,289 | |
| Financial charges | 65/66B | €6,925 | €5,932 | -€992 | -14.3% |
| Recurring financial charges | 65 | €6,925 | €5,932 | -€992 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €21,282 | €54,182 | +€32,900 | +154.6% |
| Income taxes | 67/77 | €5,192 | €6,973 | +€1,781 | +34.3% |
| Profit (loss) for the period | 9904 | €16,090 | €47,209 | +€31,119 | +193.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,090 | €47,209 | +€31,119 | +193.4% |
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.