IMMO TRUST: 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 TRUST
Largest movements
- Cash +€68,284
up €68,284 (+300.5%), from €22,720 to €91,003
mainly Net result for the year (+€39,007) and Tax, wage and social debts (+€28,021)
- Receivables within one year +€7,546
up €7,546 (+208.4%), from €3,621 to €11,167
of which Trade receivables: +€6,782
- Deferred charges and accrued income -€1,137
no longer reported in 2025 (was €1,137)
- Reserves +€39,007
up €39,007 (+4084.5%), from €955 to €39,962
of which Distributable reserves: +€39,007
- Tax, wage and social debts +€28,021
up €28,021 (+629.1%), from €4,454 to €32,475
of which Taxes: +€28,021
- Trade debts +€7,298
up €7,298 (+501.6%), from €1,455 to €8,753
- Gross operating margin +€45,209
up €45,209 (+277.4%), from €16,296 to €61,505
- Taxes +€20,782
new in 2025: €20,782
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 | €29,131 | €103,564 | +€74,434 | +255.5% |
| Fixed assets | 21/28 | €1,652 | €1,394 | -€258 | -15.6% |
| Tangible fixed assets | 22/27 | €1,652 | €1,394 | -€258 | -15.6% |
| Furniture and vehicles | 24 | €535 | €586 | +€52 | +9.6% |
| Other tangible fixed assets | 26 | €1,118 | €808 | -€310 | -27.7% |
| Current assets | 29/58 | €27,478 | €102,170 | +€74,692 | +271.8% |
| Amounts receivable within one year | 40/41 | €3,621 | €11,167 | +€7,546 | +208.4% |
| Trade receivables | 40 | €3,535 | €10,317 | +€6,782 | +191.9% |
| Other amounts receivable | 41 | €86 | €850 | +€764 | +883.8% |
| Cash at bank and in hand | 54/58 | €22,720 | €91,003 | +€68,284 | +300.5% |
| Deferred charges and accrued income | 490/1 | €1,137 | - | -€1,137 | |
| Total equity and liabilities | 10/49 | €29,131 | €103,564 | +€74,434 | +255.5% |
| Equity | 10/15 | €22,863 | €61,871 | +€39,007 | +170.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €955 | €39,962 | +€39,007 | +4084.5% |
| Non-distributable reserves | 130/1 | €955 | €955 | = | 0.0% |
| Reserves not available under the articles | 1311 | €955 | €955 | = | 0.0% |
| Distributable reserves | 133 | - | €39,007 | +€39,007 | |
| Profit (loss) carried forward | 14 | €1,908 | €1,908 | = | 0.0% |
| Amounts payable | 17/49 | €6,267 | €41,694 | +€35,426 | +565.3% |
| Amounts payable within one year | 42/48 | €6,267 | €41,694 | +€35,426 | +565.3% |
| Trade debts | 44 | €1,455 | €8,753 | +€7,298 | +501.6% |
| Suppliers | 440/4 | €1,455 | €8,753 | +€7,298 | +501.6% |
| Taxes, remuneration and social security | 45 | €4,454 | €32,475 | +€28,021 | +629.1% |
| Taxes | 450/3 | €2,054 | €30,075 | +€28,021 | +1364.3% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €359 | €466 | +€107 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,067 | €861 | -€206 | -19.3% |
| Other operating charges | 640/8 | €489 | €334 | -€155 | -31.6% |
| Gross operating margin | 9900 | €16,296 | €61,505 | +€45,209 | +277.4% |
| Operating profit (loss) | 9901 | €14,740 | €60,310 | +€45,570 | +309.2% |
| Financial income | 75/76B | €27 | €54 | +€27 | +96.9% |
| Recurring financial income | 75 | €27 | €54 | +€27 | +96.9% |
| Financial charges | 65/66B | €303 | €574 | +€271 | +89.4% |
| Recurring financial charges | 65 | €303 | €574 | +€271 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | €14,464 | €59,789 | +€45,325 | +313.4% |
| Income taxes | 67/77 | - | €20,782 | +€20,782 | |
| Profit (loss) for the period | 9904 | €14,464 | €39,007 | +€24,543 | +169.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,464 | €39,007 | +€24,543 | +169.7% |
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.