IMMO TYPE C: 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.
What changed
IMMO TYPE C
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€130,074
2024 · -€134,171+€4,097
Equity
-€121,535
2024 · €8,540-€130,074
Cash
€45,027
2024 · €42,940+€2,086
Balance sheet total
€5.4m
2024 · €5.6m-€235,126
Largest movements
Assets
- Tangible fixed assets -€244,949
down €244,949 (-4.4%), from €5.5m to €5.3m
of which Land and buildings: -€240,189
Equity and liabilities
- Profit (loss) carried forward -€114,748
down €114,748 (-15.2%), from -€752,907 to -€867,655
- Debts after one year -€80,634
down €80,634 (-2.6%), from €3.1m to €3.0m
of which Financial debts: -€80,634
Income statement
- Gross operating margin +€5,333
up €5,333 (+4.3%), from €125,059 to €130,392
- Depreciation +€1,399
up €1,399 (+0.6%), from €244,752 to €246,151
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.
Result 2024
-€134,171
Gross operating margin
+€5,333
Depreciation
-€1,399
Other operating charges
-€815
Financial charges
+€977
Result 2025
-€130,074
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.
From operations
+€82,955
Investment
-€1,201
Financing
-€79,667
Cash 2024
€42,940
From operations (derived)
+€82,955
Net result for the year
-€130,074
Depreciation
+€246,151
Receivables within one year
-€7,563
Deferred charges and accrued income
-€175
Provisions
-€5,109
Trade debts
+€3,248
Other debts
-€25,523
Accrued charges and deferred income
+€2,000
Investment (derived)
-€1,201
Investment in fixed assets (net)
-€1,201
Financing
-€79,667
Debts after one year
-€80,634
Current portion of long-term debt
+€967
Cash 2025
€45,027
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,635,255 | €5,400,129 | -€235,126 | -4.2% |
| Fixed assets | 21/28 | €5,574,014 | €5,329,065 | -€244,949 | -4.4% |
| Tangible fixed assets | 22/27 | €5,543,714 | €5,298,765 | -€244,949 | -4.4% |
| Land and buildings | 22 | €5,522,656 | €5,282,467 | -€240,189 | -4.3% |
| Plant, machinery and equipment | 23 | €18,338 | €16,032 | -€2,307 | -12.6% |
| Furniture and vehicles | 24 | €2,720 | €266 | -€2,454 | -90.2% |
| Financial fixed assets | 28 | €30,300 | €30,300 | = | 0.0% |
| Current assets | 29/58 | €61,241 | €71,065 | +€9,824 | +16.0% |
| Amounts receivable within one year | 40/41 | €12,025 | €19,588 | +€7,563 | +62.9% |
| Trade receivables | 40 | €12,025 | €19,588 | +€7,563 | +62.9% |
| Cash at bank and in hand | 54/58 | €42,940 | €45,027 | +€2,086 | +4.9% |
| Deferred charges and accrued income | 490/1 | €6,275 | €6,450 | +€175 | +2.8% |
| Total equity and liabilities | 10/49 | €5,635,255 | €5,400,129 | -€235,126 | -4.2% |
| Equity | 10/15 | €8,540 | -€121,535 | -€130,074 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €755,246 | €739,920 | -€15,326 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €459,156 | €443,830 | -€15,326 | -3.3% |
| Distributable reserves | 133 | €294,230 | €294,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€752,907 | -€867,655 | -€114,748 | -15.2% |
| Provisions and deferred taxes | 16 | €153,052 | €147,943 | -€5,109 | -3.3% |
| Deferred taxes | 168 | €153,052 | €147,943 | -€5,109 | -3.3% |
| Amounts payable | 17/49 | €5,473,663 | €5,373,721 | -€99,942 | -1.8% |
| Amounts payable after more than one year | 17 | €3,062,421 | €2,981,786 | -€80,634 | -2.6% |
| Financial debts | 170/4 | €3,058,421 | €2,977,786 | -€80,634 | -2.6% |
| Other amounts payable | 178/9 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,411,243 | €2,389,934 | -€21,308 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €79,667 | €80,634 | +€967 | +1.2% |
| Trade debts | 44 | €69,142 | €72,390 | +€3,248 | +4.7% |
| Suppliers | 440/4 | €69,142 | €72,390 | +€3,248 | +4.7% |
| Other amounts payable | 47/48 | €2,262,433 | €2,236,910 | -€25,523 | -1.1% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €244,752 | €246,151 | +€1,399 | +0.6% |
| Other operating charges | 640/8 | €9,978 | €10,792 | +€815 | +8.2% |
| Gross operating margin | 9900 | €125,059 | €130,392 | +€5,333 | +4.3% |
| Operating profit (loss) | 9901 | -€129,670 | -€126,551 | +€3,120 | +2.4% |
| Financial charges | 65/66B | €9,610 | €8,632 | -€977 | -10.2% |
| Recurring financial charges | 65 | €9,610 | €8,632 | -€977 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€139,280 | -€135,183 | +€4,097 | +2.9% |
| Transfer from deferred taxes | 780 | €5,109 | €5,109 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€134,171 | -€130,074 | +€4,097 | +3.1% |
| Transfer from tax-exempt reserves | 789 | €15,326 | €15,326 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€118,845 | -€114,748 | +€4,097 | +3.4% |
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 9 October 2026 via checked.be.