IMMO TRADE: 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 TRADE
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+268.2%), from €406,290 to €1.5m
of which Land and buildings: +€1.4m
- Receivables within one year +€109,199
up €109,199 (+13627.3%), from €801 to €110,000
- Debts after one year +€829,658
up €829,658 (+344.4%), from €240,905 to €1.1m
- Other debts +€156,868
up €156,868 (+100.6%), from €155,869 to €312,737
- Investment grants +€110,000
new in 2025: €110,000
- Trade debts +€83,945
up €83,945 (+962.2%), from €8,724 to €92,670
- Current portion of long-term debt +€45,246
up €45,246 (+180.3%), from €25,095 to €70,342
- Gross operating margin +€72,618
up €72,618, from -€12,188 to €60,429
- Depreciation +€48,631
up €48,631 (+678.3%), from €7,170 to €55,801
- Financial charges +€35,363
up €35,363 (+1577.6%), from €2,242 to €37,605
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 | €429,095 | €1,635,558 | +€1.2m | +281.2% |
| Fixed assets | 21/28 | €424,690 | €1,514,015 | +€1.1m | +256.5% |
| Tangible fixed assets | 22/27 | €406,290 | €1,495,864 | +€1.1m | +268.2% |
| Land and buildings | 22 | €140,290 | €1,495,864 | +€1.4m | +966.3% |
| Assets under construction and advance payments | 27 | €266,000 | €0 | -€266,000 | -100.0% |
| Financial fixed assets | 28 | €18,400 | €18,151 | -€249 | -1.4% |
| Current assets | 29/58 | €4,405 | €121,543 | +€117,138 | +2659.4% |
| Amounts receivable within one year | 40/41 | €801 | €110,000 | +€109,199 | +13627.3% |
| Other amounts receivable | 41 | €801 | €110,000 | +€109,199 | +13627.3% |
| Cash at bank and in hand | 54/58 | - | €10,102 | +€10,102 | |
| Deferred charges and accrued income | 490/1 | €3,603 | €1,441 | -€2,162 | -60.0% |
| Total equity and liabilities | 10/49 | €429,095 | €1,635,558 | +€1.2m | +281.2% |
| Equity | 10/15 | -€2,499 | €74,096 | +€76,596 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,499 | -€55,904 | -€33,404 | -148.5% |
| Investment grants | 15 | - | €110,000 | +€110,000 | |
| Amounts payable | 17/49 | €431,594 | €1,561,462 | +€1.1m | +261.8% |
| Amounts payable after more than one year | 17 | €240,905 | €1,070,563 | +€829,658 | +344.4% |
| Financial debts | 170/4 | €240,905 | €1,070,563 | +€829,658 | +344.4% |
| Amounts payable within one year | 42/48 | €190,689 | €487,091 | +€296,401 | +155.4% |
| Current portion of amounts payable after more than one year | 42 | €25,095 | €70,342 | +€45,246 | +180.3% |
| Financial debts | 43 | €1,001 | €0 | -€1,001 | -100.0% |
| Credit institutions | 430/8 | €1,001 | €0 | -€1,001 | -100.0% |
| Trade debts | 44 | €8,724 | €92,670 | +€83,945 | +962.2% |
| Suppliers | 440/4 | €8,724 | €92,670 | +€83,945 | +962.2% |
| Taxes, remuneration and social security | 45 | - | €11,343 | +€11,343 | |
| Taxes | 450/3 | - | €11,343 | +€11,343 | |
| Other amounts payable | 47/48 | €155,869 | €312,737 | +€156,868 | +100.6% |
| Accrued charges and deferred income | 492/3 | - | €3,808 | +€3,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,170 | €55,801 | +€48,631 | +678.3% |
| Other operating charges | 640/8 | €899 | €432 | -€468 | -52.0% |
| Gross operating margin | 9900 | -€12,188 | €60,429 | +€72,618 | |
| Operating profit (loss) | 9901 | -€20,258 | €4,196 | +€24,454 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €2,242 | €37,605 | +€35,363 | +1577.6% |
| Recurring financial charges | 65 | €2,242 | €37,605 | +€35,363 | +1577.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,499 | -€33,404 | -€10,905 | -48.5% |
| Profit (loss) for the period | 9904 | -€22,499 | -€33,404 | -€10,905 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,499 | -€33,404 | -€10,905 | -48.5% |
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 3 October 2026 via checked.be.