IMMO VAL SMEETS: 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.
IMMO VAL SMEETS
Largest movements
- Tangible fixed assets -€10,658
down €10,658 (-4.1%), from €262,602 to €251,944
- Profit (loss) carried forward +€19,617
up €19,617 (+107%), from €18,262 to €37,879
- Debts after one year -€11,542
down €11,542 (-19.2%), from €59,983 to €48,441
- Tax, wage and social debts -€6,888
down €6,888 (-74.7%), from €9,215 to €2,327
- Trade debts -€5,867
no longer reported in 2025 (was €5,867)
- Other debts -€4,641
down €4,641 (-4.2%), from €110,847 to €106,206
- Turnover -€29,422
no longer reported in 2025 (was €29,422)
- Gross operating margin +€7,918
up €7,918 (+31.4%), from €25,237 to €33,155
- Financial charges -€6,933
down €6,933 (-77.3%), from €8,969 to €2,036
- Taxes -€5,829
down €5,829, from €4,746 to -€1,083
- Purchases and services -€4,184
no longer reported in 2025 (was €4,184)
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.
Derived cash bridge
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 | €339,197 | €330,195 | -€9,002 | -2.7% |
| Fixed assets | 21/28 | €262,602 | €251,944 | -€10,658 | -4.1% |
| Tangible fixed assets | 22/27 | €262,602 | €251,944 | -€10,658 | -4.1% |
| Land and buildings | 22 | €262,602 | €251,944 | -€10,658 | -4.1% |
| Current assets | 29/58 | €76,595 | €78,251 | +€1,656 | +2.2% |
| Amounts receivable within one year | 40/41 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €76,595 | €75,251 | -€1,344 | -1.8% |
| Total equity and liabilities | 10/49 | €339,197 | €330,195 | -€9,002 | -2.7% |
| Equity | 10/15 | €142,062 | €161,679 | +€19,617 | +13.8% |
| Contributions | 10/11 | €120,600 | €120,600 | = | 0.0% |
| Reserves | 13 | €3,200 | €3,200 | = | 0.0% |
| Distributable reserves | 133 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,262 | €37,879 | +€19,617 | +107% |
| Amounts payable | 17/49 | €197,135 | €168,516 | -€28,619 | -14.5% |
| Amounts payable after more than one year | 17 | €59,983 | €48,441 | -€11,542 | -19.2% |
| Financial debts | 170/4 | €59,983 | €48,441 | -€11,542 | -19.2% |
| Amounts payable within one year | 42/48 | €137,152 | €120,075 | -€17,077 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €11,223 | €11,542 | +€319 | +2.8% |
| Trade debts | 44 | €5,867 | - | -€5,867 | |
| Suppliers | 440/4 | €5,867 | - | -€5,867 | |
| Taxes, remuneration and social security | 45 | €9,215 | €2,327 | -€6,888 | -74.7% |
| Taxes | 450/3 | €9,215 | €2,327 | -€6,888 | -74.7% |
| Other amounts payable | 47/48 | €110,847 | €106,206 | -€4,641 | -4.2% |
| Turnover | 70 | €29,422 | - | -€29,422 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,184 | - | -€4,184 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,658 | €10,658 | = | 0.0% |
| Other operating charges | 640/8 | €4,789 | €1,927 | -€2,862 | -59.8% |
| Gross operating margin | 9900 | €25,237 | €33,155 | +€7,918 | +31.4% |
| Operating profit (loss) | 9901 | €9,790 | €20,570 | +€10,780 | +110% |
| Financial charges | 65/66B | €8,969 | €2,036 | -€6,933 | -77.3% |
| Recurring financial charges | 65 | €8,969 | €2,036 | -€6,933 | -77.3% |
| Profit (loss) for the period before taxes | 9903 | €821 | €18,534 | +€17,713 | +2,157% |
| Income taxes | 67/77 | €4,746 | -€1,083 | -€5,829 | |
| Profit (loss) for the period | 9904 | -€3,925 | €19,617 | +€23,542 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,925 | €19,617 | +€23,542 |
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 23 October 2026 via checked.be.