IMMO-TOP: 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-TOP
Largest movements
- Tangible fixed assets -€53,369
down €53,369 (-3.7%), from €1.4m to €1.4m
of which Land and buildings: -€50,967
- Reserves -€33,126
down €33,126 (-4.1%), from €816,649 to €783,523
of which Distributable reserves: -€33,126
- Financial charges -€555
down €555 (-5.5%), from €10,055 to €9,500
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 | €1,432,838 | €1,382,694 | -€50,145 | -3.5% |
| Fixed assets | 21/28 | €1,431,011 | €1,377,642 | -€53,369 | -3.7% |
| Tangible fixed assets | 22/27 | €1,431,011 | €1,377,642 | -€53,369 | -3.7% |
| Land and buildings | 22 | €1,415,286 | €1,364,319 | -€50,967 | -3.6% |
| Plant, machinery and equipment | 23 | €13,475 | €12,209 | -€1,266 | -9.4% |
| Furniture and vehicles | 24 | €2,250 | €1,113 | -€1,137 | -50.5% |
| Current assets | 29/58 | €1,827 | €5,052 | +€3,225 | +176.5% |
| Cash at bank and in hand | 54/58 | €815 | €4,001 | +€3,186 | +391.0% |
| Deferred charges and accrued income | 490/1 | €1,012 | €1,051 | +€38 | +3.8% |
| Total equity and liabilities | 10/49 | €1,432,838 | €1,382,694 | -€50,145 | -3.5% |
| Equity | 10/15 | €878,622 | €845,496 | -€33,126 | -3.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €816,649 | €783,523 | -€33,126 | -4.1% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €810,452 | €777,326 | -€33,126 | -4.1% |
| Amounts payable | 17/49 | €554,216 | €537,197 | -€17,019 | -3.1% |
| Amounts payable after more than one year | 17 | €199,084 | €186,707 | -€12,378 | -6.2% |
| Financial debts | 170/4 | €199,084 | €186,707 | -€12,378 | -6.2% |
| Amounts payable within one year | 42/48 | €352,988 | €346,478 | -€6,510 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €11,827 | €12,378 | +€550 | +4.7% |
| Trade debts | 44 | €17 | €1,808 | +€1,792 | +10683.4% |
| Suppliers | 440/4 | €17 | €1,808 | +€1,792 | +10683.4% |
| Other amounts payable | 47/48 | €341,144 | €332,292 | -€8,852 | -2.6% |
| Accrued charges and deferred income | 492/3 | €2,144 | €4,012 | +€1,869 | +87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,538 | €56,854 | +€316 | +0.6% |
| Other operating charges | 640/8 | €5,518 | €5,690 | +€171 | +3.1% |
| Gross operating margin | 9900 | €38,667 | €38,915 | +€248 | +0.6% |
| Operating profit (loss) | 9901 | -€23,389 | -€23,629 | -€240 | -1.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €10,055 | €9,500 | -€555 | -5.5% |
| Recurring financial charges | 65 | €10,055 | €9,500 | -€555 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€33,444 | -€33,126 | +€318 | +1.0% |
| Profit (loss) for the period | 9904 | -€33,444 | -€33,126 | +€318 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,444 | -€33,126 | +€318 | +1.0% |
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 5 October 2026 via checked.be.