IMMO TOP INVEST: 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 TOP INVEST
Largest movements
- Receivables within one year -€503,319
down €503,319 (-32.6%), from €1.5m to €1.0m
of which Trade receivables: -€324,273
- Cash +€66,820
up €66,820 (+27.8%), from €240,601 to €307,421
mainly Receivables within one year (+€503,319) and Tax, wage and social debts (+€60,978)
- Deferred charges and accrued income +€18,514
up €18,514 (+338%), from €5,479 to €23,993
- Advances received -€394,307
down €394,307 (-38.8%), from €1.0m to €620,810
- Trade debts -€65,733
down €65,733 (-38.3%), from €171,499 to €105,766
- Tax, wage and social debts +€60,978
up €60,978 (+37.3%), from €163,442 to €224,420
of which Remuneration and social security: +€35,144
- Other debts -€18,059
down €18,059 (-100%), from €18,059 to €0
- Gross operating margin +€401,620
up €401,620 (+93.7%), from €428,607 to €830,227
- Staff costs +€135,738
up €135,738 (+21.1%), from €642,469 to €778,207
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.
Derived cash bridge
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 | €1,802,059 | €1,392,212 | -€409,847 | -22.7% |
| Fixed assets | 21/28 | €12,288 | €20,426 | +€8,138 | +66.2% |
| Tangible fixed assets | 22/27 | €12,288 | €20,426 | +€8,138 | +66.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €10,823 | €16,840 | +€6,017 | +55.6% |
| Furniture and vehicles | 24 | €1,465 | €3,586 | +€2,121 | +145% |
| Current assets | 29/58 | €1,789,771 | €1,371,786 | -€417,985 | -23.4% |
| Amounts receivable within one year | 40/41 | €1,543,691 | €1,040,373 | -€503,319 | -32.6% |
| Trade receivables | 40 | €701,903 | €377,629 | -€324,273 | -46.2% |
| Other amounts receivable | 41 | €841,789 | €662,743 | -€179,045 | -21.3% |
| Cash at bank and in hand | 54/58 | €240,601 | €307,421 | +€66,820 | +27.8% |
| Deferred charges and accrued income | 490/1 | €5,479 | €23,993 | +€18,514 | +338% |
| Total equity and liabilities | 10/49 | €1,802,059 | €1,392,212 | -€409,847 | -22.7% |
| Equity | 10/15 | €283,942 | €291,216 | +€7,274 | +2.6% |
| Contributions | 10/11 | €1,052,600 | €1,052,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€768,658 | -€761,384 | +€7,274 | +0.9% |
| Amounts payable | 17/49 | €1,518,117 | €1,100,996 | -€417,120 | -27.5% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,368,117 | €950,996 | -€417,120 | -30.5% |
| Trade debts | 44 | €171,499 | €105,766 | -€65,733 | -38.3% |
| Suppliers | 440/4 | €171,499 | €105,766 | -€65,733 | -38.3% |
| Advances received on contracts in progress | 46 | €1,015,117 | €620,810 | -€394,307 | -38.8% |
| Taxes, remuneration and social security | 45 | €163,442 | €224,420 | +€60,978 | +37.3% |
| Taxes | 450/3 | €41,590 | €67,425 | +€25,835 | +62.1% |
| Remuneration and social security | 454/9 | €121,851 | €156,995 | +€35,144 | +28.8% |
| Other amounts payable | 47/48 | €18,059 | €0 | -€18,059 | -100% |
| Non-recurring operating income | 76A | €11,538 | €8,678 | -€2,861 | -24.8% |
| Remuneration, social security and pensions | 62 | €642,469 | €778,207 | +€135,738 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,799 | €11,236 | +€4,437 | +65.3% |
| Other operating charges | 640/8 | €14,352 | €10,110 | -€4,242 | -29.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €428,607 | €830,227 | +€401,620 | +93.7% |
| Operating profit (loss) | 9901 | -€235,013 | €30,674 | +€265,687 | |
| Financial income | 75/76B | €844 | €586 | -€258 | -30.6% |
| Recurring financial income | 75 | €844 | €586 | -€258 | -30.6% |
| Financial charges | 65/66B | €16,823 | €22,300 | +€5,477 | +32.6% |
| Recurring financial charges | 65 | €16,823 | €22,300 | +€5,477 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | -€250,992 | €8,960 | +€259,952 | |
| Income taxes | 67/77 | €1,498 | €1,687 | +€189 | +12.6% |
| Profit (loss) for the period | 9904 | -€252,489 | €7,274 | +€259,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€252,489 | €7,274 | +€259,763 |
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 22 October 2026 via checked.be.