IMMO TOP WORLD: 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 WORLD
Largest movements
- Tangible fixed assets +€1.7m
up €1.7m (+82.9%), from €2.1m to €3.8m
of which Land and buildings: +€1.6m
- Cash -€52,034
down €52,034 (-94.4%), from €55,092 to €3,058
mainly Investment in fixed assets (net) (-€1.8m) and Contributions, distributions and other (-€110,000)
- Debts after one year +€1.7m
up €1.7m (+3309.8%), from €50,000 to €1.7m
of which Financial debts: +€879,883
- Reserves -€91,044
down €91,044 (-8.1%), from €1.1m to €1.0m
of which Distributable reserves: -€60,000
- Other debts +€86,525
up €86,525 (+155.9%), from €55,490 to €142,015
- Purchases and services +€6,097
up €6,097 (+60.9%), from €10,004 to €16,100
- Depreciation +€5,170
up €5,170 (+5.5%), from €93,687 to €98,858
- Financial charges +€4,740
up €4,740 (+10532.4%), from €45 to €4,785
- Taxes -€2,519
down €2,519 (-8.1%), from €31,035 to €28,516
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 | €2,112,865 | €3,762,370 | +€1.6m | +78.1% |
| Fixed assets | 21/28 | €2,051,807 | €3,751,828 | +€1.7m | +82.9% |
| Tangible fixed assets | 22/27 | €2,050,390 | €3,750,411 | +€1.7m | +82.9% |
| Land and buildings | 22 | €2,017,285 | €3,656,284 | +€1.6m | +81.2% |
| Plant, machinery and equipment | 23 | €33,105 | €27,662 | -€5,442 | -16.4% |
| Furniture and vehicles | 24 | €0 | €66,464 | +€66,464 | |
| Financial fixed assets | 28 | €1,417 | €1,417 | = | 0.0% |
| Current assets | 29/58 | €61,058 | €10,542 | -€50,516 | -82.7% |
| Amounts receivable within one year | 40/41 | €5,965 | €7,484 | +€1,519 | +25.5% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €5,965 | €7,484 | +€1,519 | +25.5% |
| Cash at bank and in hand | 54/58 | €55,092 | €3,058 | -€52,034 | -94.4% |
| Total equity and liabilities | 10/49 | €2,112,865 | €3,762,370 | +€1.6m | +78.1% |
| Equity | 10/15 | €1,669,081 | €1,592,841 | -€76,240 | -4.6% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Capital | 10 | €95,000 | €95,000 | = | 0.0% |
| Issued capital | 100 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €1,124,907 | €1,033,864 | -€91,044 | -8.1% |
| Non-distributable reserves | 130/1 | €69,500 | €69,500 | = | 0.0% |
| Legal reserve | 130 | €69,500 | €69,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €695,407 | €664,364 | -€31,044 | -4.5% |
| Distributable reserves | 133 | €360,000 | €300,000 | -€60,000 | -16.7% |
| Profit (loss) carried forward | 14 | €449,173 | €463,977 | +€14,804 | +3.3% |
| Provisions and deferred taxes | 16 | €319,700 | €303,715 | -€15,985 | -5.0% |
| Deferred taxes | 168 | €319,700 | €303,715 | -€15,985 | -5.0% |
| Amounts payable | 17/49 | €124,084 | €1,865,814 | +€1.7m | +1403.7% |
| Amounts payable after more than one year | 17 | €50,000 | €1,704,883 | +€1.7m | +3309.8% |
| Financial debts | 170/4 | €50,000 | €929,883 | +€879,883 | +1759.8% |
| Other amounts payable | 178/9 | - | €775,000 | +€775,000 | |
| Amounts payable within one year | 42/48 | €60,490 | €147,015 | +€86,525 | +143.0% |
| Taxes, remuneration and social security | 45 | €5,000 | €5,000 | = | 0.0% |
| Taxes | 450/3 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €55,490 | €142,015 | +€86,525 | +155.9% |
| Accrued charges and deferred income | 492/3 | €13,593 | €13,915 | +€322 | +2.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €10,004 | €16,100 | +€6,097 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,687 | €98,858 | +€5,170 | +5.5% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €150,608 | €149,995 | -€612 | -0.4% |
| Operating profit (loss) | 9901 | €56,858 | €51,076 | -€5,783 | -10.2% |
| Financial charges | 65/66B | €45 | €4,785 | +€4,740 | +10532.4% |
| Recurring financial charges | 65 | €45 | €4,785 | +€4,740 | +10532.4% |
| Profit (loss) for the period before taxes | 9903 | €56,813 | €46,291 | -€10,522 | -18.5% |
| Transfer from deferred taxes | 780 | €15,985 | €15,985 | = | 0.0% |
| Income taxes | 67/77 | €31,035 | €28,516 | -€2,519 | -8.1% |
| Profit (loss) for the period | 9904 | €41,764 | €33,760 | -€8,004 | -19.2% |
| Transfer from tax-exempt reserves | 789 | €31,044 | €31,044 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,807 | €64,804 | -€8,004 | -11.0% |
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 7 October 2026 via checked.be.