IMMO- TRANSFO: what changed
IMMO- TRANSFO
Largest movements
- Receivables within one year -€22,682
down €22,682 (-24.8%), from €91,439 to €68,757
of which Trade receivables: -€26,167
- Deferred charges and accrued income -€974
down €974 (-65.4%), from €1,489 to €516
- Cash +€956
up €956 (+7,801%), from €12 to €968
mainly Receivables within one year (+€22,682) and Contributions, distributions and other (+€5,000)
- Trade debts -€18,109
down €18,109 (-41.2%), from €43,950 to €25,840
- Other debts -€4,446
down €4,446 (-9.8%), from €45,549 to €41,103
- Profit (loss) carried forward +€1,716
up €1,716 (+39.2%), from -€4,374 to -€2,658
- Tax, wage and social debts -€1,619
down €1,619 (-66.1%), from €2,449 to €831
- Gross operating margin -€5,259
down €5,259, from €4,357 to -€901
- Other operating charges -€1,547
down €1,547 (-55.6%), from €2,782 to €1,234
- Financial charges -€1,001
down €1,001 (-63.4%), from €1,578 to €577
- Taxes -€257
down €257 (-63.2%), from €406 to €150
- Financial income -€251
down €251 (-99.3%), from €253 to €2
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,774 | €71,316 | -€22,459 | -23.9% |
| Fixed assets | 21/28 | €833 | €1,075 | +€242 | +29.0% |
| Tangible fixed assets | 22/27 | €833 | €1,075 | +€242 | +29.0% |
| Plant, machinery and equipment | 23 | - | €642 | +€642 | |
| Furniture and vehicles | 24 | €833 | €433 | -€400 | -48.0% |
| Current assets | 29/58 | €92,941 | €70,240 | -€22,700 | -24.4% |
| Amounts receivable within one year | 40/41 | €91,439 | €68,757 | -€22,682 | -24.8% |
| Trade receivables | 40 | €76,252 | €50,085 | -€26,167 | -34.3% |
| Other amounts receivable | 41 | €15,188 | €18,672 | +€3,484 | +22.9% |
| Cash at bank and in hand | 54/58 | €12 | €968 | +€956 | +7,801% |
| Deferred charges and accrued income | 490/1 | €1,489 | €516 | -€974 | -65.4% |
| Total equity and liabilities | 10/49 | €93,774 | €71,316 | -€22,459 | -23.9% |
| Equity | 10/15 | €1,826 | €3,542 | +€1,716 | +94.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,374 | -€2,658 | +€1,716 | +39.2% |
| Amounts payable | 17/49 | €91,948 | €67,774 | -€24,174 | -26.3% |
| Amounts payable within one year | 42/48 | €91,948 | €67,774 | -€24,174 | -26.3% |
| Trade debts | 44 | €43,950 | €25,840 | -€18,109 | -41.2% |
| Suppliers | 440/4 | €43,950 | €25,840 | -€18,109 | -41.2% |
| Taxes, remuneration and social security | 45 | €2,449 | €831 | -€1,619 | -66.1% |
| Taxes | 450/3 | €2,449 | €831 | -€1,619 | -66.1% |
| Other amounts payable | 47/48 | €45,549 | €41,103 | -€4,446 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €423 | +€56 | +15.4% |
| Other operating charges | 640/8 | €2,782 | €1,234 | -€1,547 | -55.6% |
| Gross operating margin | 9900 | €4,357 | -€901 | -€5,259 | |
| Operating profit (loss) | 9901 | €1,209 | -€2,559 | -€3,768 | |
| Financial income | 75/76B | €253 | €2 | -€251 | -99.3% |
| Recurring financial income | 75 | €253 | €2 | -€251 | -99.3% |
| Financial charges | 65/66B | €1,578 | €577 | -€1,001 | -63.4% |
| Recurring financial charges | 65 | €1,578 | €577 | -€1,001 | -63.4% |
| Profit (loss) for the period before taxes | 9903 | -€116 | -€3,134 | -€3,018 | -2,601% |
| Income taxes | 67/77 | €406 | €150 | -€257 | -63.2% |
| Profit (loss) for the period | 9904 | -€522 | -€3,284 | -€2,762 | -529% |
| Profit (loss) for the period to be appropriated | 9905 | -€522 | -€3,284 | -€2,762 | -529% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.