IMMO V.S. SUOMI: what changed
What changed
IMMO V.S. SUOMI
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€26,353
2024 · €48,256-€21,903
Equity
€916,523
2024 · €890,170+€26,353
Cash
€106,866
2024 · €150,368-€43,503
Balance sheet total
€1.5m
2024 · €1.5m-€37,003
Largest movements
Assets
- Cash -€43,503
down €43,503 (-28.9%), from €150,368 to €106,866
mainly Debts after one year (-€61,788) and Receivables within one year (-€7,015)
Equity and liabilities
- Debts after one year -€61,788
down €61,788 (-11.0%), from €559,576 to €497,789
- Profit (loss) carried forward +€26,353
up €26,353 (+41.7%), from -€63,170 to -€36,817
Income statement
- Gross operating margin -€26,671
down €26,671 (-32.4%), from €82,435 to €55,764
- Depreciation -€5,432
down €5,432 (-92.4%), from €5,882 to €449
- Financial charges -€2,405
down €2,405 (-9.5%), from €25,232 to €22,827
- Other operating charges +€2,241
up €2,241 (+22.8%), from €9,815 to €12,055
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.
Result 2024
€48,256
Gross operating margin
-€26,671
Depreciation
+€5,432
Other operating charges
-€2,241
Other operating items
-€69
Financial income
-€760
Financial charges
+€2,405
Result 2025
€26,353
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15,924
Investment
+€69
Financing
-€59,495
Cash 2024
€150,368
From operations (derived)
+€15,924
Net result for the year
+€26,353
Depreciation
+€449
Receivables within one year
-€7,015
Deferred charges and accrued income
-€2
Trade debts
+€234
Other debts
-€4,095
Investment (derived)
+€69
Investment in fixed assets (net)
+€69
Financing
-€59,495
Debts after one year
-€61,788
Current portion of long-term debt
+€2,292
Cash 2025
€106,866
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,522,471 | €1,485,467 | -€37,003 | -2.4% |
| Formation expenses | 20 | €3,863 | €3,414 | -€449 | -11.6% |
| Fixed assets | 21/28 | €1,140,061 | €1,139,992 | -€69 | 0.0% |
| Intangible fixed assets | 21 | €69 | - | -€69 | |
| Tangible fixed assets | 22/27 | €1,139,992 | €1,139,992 | = | 0.0% |
| Land and buildings | 22 | €1,139,992 | €1,139,992 | = | 0.0% |
| Current assets | 29/58 | €378,547 | €342,061 | -€36,485 | -9.6% |
| Amounts receivable within one year | 40/41 | €227,877 | €234,892 | +€7,015 | +3.1% |
| Trade receivables | 40 | €2,040 | €3,025 | +€985 | +48.3% |
| Other amounts receivable | 41 | €225,837 | €231,867 | +€6,031 | +2.7% |
| Cash at bank and in hand | 54/58 | €150,368 | €106,866 | -€43,503 | -28.9% |
| Deferred charges and accrued income | 490/1 | €301 | €303 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €1,522,471 | €1,485,467 | -€37,003 | -2.4% |
| Equity | 10/15 | €890,170 | €916,523 | +€26,353 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €932,880 | €932,880 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,170 | -€36,817 | +€26,353 | +41.7% |
| Amounts payable | 17/49 | €632,300 | €568,944 | -€63,356 | -10.0% |
| Amounts payable after more than one year | 17 | €559,576 | €497,789 | -€61,788 | -11.0% |
| Financial debts | 170/4 | €559,576 | €497,789 | -€61,788 | -11.0% |
| Amounts payable within one year | 42/48 | €72,724 | €71,155 | -€1,569 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €59,495 | €61,788 | +€2,292 | +3.9% |
| Trade debts | 44 | €2,266 | €2,500 | +€234 | +10.3% |
| Suppliers | 440/4 | €2,266 | €2,500 | +€234 | +10.3% |
| Other amounts payable | 47/48 | €10,963 | €6,868 | -€4,095 | -37.4% |
| Non-recurring operating income | 76A | €5,043 | - | -€5,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,882 | €449 | -€5,432 | -92.4% |
| Other operating charges | 640/8 | €9,815 | €12,055 | +€2,241 | +22.8% |
| Non-recurring operating charges | 66A | - | €69 | +€69 | |
| Gross operating margin | 9900 | €82,435 | €55,764 | -€26,671 | -32.4% |
| Operating profit (loss) | 9901 | €66,739 | €43,191 | -€23,548 | -35.3% |
| Financial income | 75/76B | €6,750 | €5,989 | -€760 | -11.3% |
| Recurring financial income | 75 | €6,750 | €5,989 | -€760 | -11.3% |
| Financial charges | 65/66B | €25,232 | €22,827 | -€2,405 | -9.5% |
| Recurring financial charges | 65 | €25,232 | €22,827 | -€2,405 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €48,256 | €26,353 | -€21,903 | -45.4% |
| Profit (loss) for the period | 9904 | €48,256 | €26,353 | -€21,903 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €48,256 | €26,353 | -€21,903 | -45.4% |
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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 3 November 2026 via checked.be.