IMMO VAN ERP: 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 VAN ERP
Largest movements
- Tangible fixed assets -€50,702
down €50,702 (-4.1%), from €1.2m to €1.2m
- Current investments +€45,609
up €45,609 (+17.9%), from €255,000 to €300,609
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,531
down €8,531 (-9.0%), from €95,222 to €86,691
- Other operating charges +€2,922
up €2,922 (+34.2%), from €8,550 to €11,472
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 | €1,506,593 | €1,511,569 | +€4,976 | +0.3% |
| Fixed assets | 21/28 | €1,224,504 | €1,173,802 | -€50,702 | -4.1% |
| Tangible fixed assets | 22/27 | €1,224,504 | €1,173,802 | -€50,702 | -4.1% |
| Land and buildings | 22 | €1,224,504 | €1,173,802 | -€50,702 | -4.1% |
| Current assets | 29/58 | €282,089 | €337,768 | +€55,678 | +19.7% |
| Amounts receivable within one year | 40/41 | €1,291 | €2,513 | +€1,222 | +94.7% |
| Other amounts receivable | 41 | €1,291 | €2,513 | +€1,222 | +94.7% |
| Current investments | 50/53 | €255,000 | €300,609 | +€45,609 | +17.9% |
| Cash at bank and in hand | 54/58 | €23,999 | €33,606 | +€9,606 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,799 | €1,039 | -€760 | -42.2% |
| Total equity and liabilities | 10/49 | €1,506,593 | €1,511,569 | +€4,976 | +0.3% |
| Equity | 10/15 | €1,085,877 | €1,091,519 | +€5,643 | +0.5% |
| Contributions | 10/11 | €1,085,000 | €1,085,000 | = | 0.0% |
| Reserves | 13 | €1,093 | €1,093 | = | 0.0% |
| Distributable reserves | 133 | €1,093 | €1,093 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,242 | -€31,927 | +€7,315 | +18.6% |
| Investment grants | 15 | €39,026 | €37,353 | -€1,673 | -4.3% |
| Amounts payable | 17/49 | €420,716 | €420,050 | -€666 | -0.2% |
| Amounts payable after more than one year | 17 | €390,000 | €390,000 | = | 0.0% |
| Other amounts payable | 178/9 | €390,000 | €390,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,999 | €7,963 | -€1,036 | -11.5% |
| Trade debts | 44 | €1,499 | €463 | -€1,036 | -69.1% |
| Suppliers | 440/4 | €1,499 | €463 | -€1,036 | -69.1% |
| Other amounts payable | 47/48 | €7,500 | €7,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,718 | €22,087 | +€369 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,279 | €55,499 | +€221 | +0.4% |
| Other operating charges | 640/8 | €8,550 | €11,472 | +€2,922 | +34.2% |
| Gross operating margin | 9900 | €95,222 | €86,691 | -€8,531 | -9.0% |
| Operating profit (loss) | 9901 | €31,393 | €19,719 | -€11,674 | -37.2% |
| Financial income | 75/76B | €7,123 | €6,778 | -€346 | -4.9% |
| Recurring financial income | 75 | €7,123 | €6,778 | -€346 | -4.9% |
| Financial charges | 65/66B | €19,511 | €19,182 | -€330 | -1.7% |
| Recurring financial charges | 65 | €19,511 | €19,182 | -€330 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €19,005 | €7,315 | -€11,690 | -61.5% |
| Profit (loss) for the period | 9904 | €19,005 | €7,315 | -€11,690 | -61.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,005 | €7,315 | -€11,690 | -61.5% |
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 7 October 2026 via checked.be.