Immo van Meurs: 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 van Meurs
Largest movements
- Tangible fixed assets -€56,951
down €56,951 (-8.0%), from €711,408 to €654,457
- Cash -€14,114
down €14,114 (-21.2%), from €66,679 to €52,566
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€54,955)
- Debts after one year -€54,955
down €54,955 (-20.0%), from €274,126 to €219,172
- Reserves +€41,534
up €41,534 (+11.0%), from €376,156 to €417,690
- Other debts -€28,359
down €28,359 (-6.1%), from €461,301 to €432,941
- Current portion of long-term debt -€21,161
down €21,161 (-27.8%), from €76,116 to €54,955
- Financial income -€70,000
down €70,000 (-35.0%), from €200,000 to €130,000
- Gross operating margin -€13,728
down €13,728 (-12.0%), from €114,181 to €100,452
- Financial charges -€4,561
down €4,561 (-19.5%), from €23,422 to €18,860
- Taxes -€3,960
down €3,960 (-34.0%), from €11,638 to €7,679
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 | €1,231,449 | €1,167,705 | -€63,744 | -5.2% |
| Fixed assets | 21/28 | €1,161,408 | €1,104,457 | -€56,951 | -4.9% |
| Tangible fixed assets | 22/27 | €711,408 | €654,457 | -€56,951 | -8.0% |
| Land and buildings | 22 | €620,820 | €594,265 | -€26,555 | -4.3% |
| Plant, machinery and equipment | 23 | €10,303 | €4,511 | -€5,792 | -56.2% |
| Furniture and vehicles | 24 | €80,284 | €55,680 | -€24,604 | -30.6% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €70,041 | €63,248 | -€6,793 | -9.7% |
| Amounts receivable within one year | 40/41 | €3,362 | €10,683 | +€7,321 | +218% |
| Other amounts receivable | 41 | €3,362 | €10,683 | +€7,321 | +218% |
| Cash at bank and in hand | 54/58 | €66,679 | €52,566 | -€14,114 | -21.2% |
| Total equity and liabilities | 10/49 | €1,231,449 | €1,167,705 | -€63,744 | -5.2% |
| Equity | 10/15 | €394,756 | €436,290 | +€41,534 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €376,156 | €417,690 | +€41,534 | +11.0% |
| Distributable reserves | 133 | €376,156 | €417,690 | +€41,534 | +11.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €836,693 | €731,415 | -€105,278 | -12.6% |
| Amounts payable after more than one year | 17 | €274,126 | €219,172 | -€54,955 | -20.0% |
| Financial debts | 170/4 | €274,126 | €219,172 | -€54,955 | -20.0% |
| Amounts payable within one year | 42/48 | €546,099 | €498,165 | -€47,934 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €76,116 | €54,955 | -€21,161 | -27.8% |
| Financial debts | 43 | €5,072 | €5,048 | -€24 | -0.5% |
| Credit institutions | 430/8 | €5,072 | €5,048 | -€24 | -0.5% |
| Trade debts | 44 | €911 | €1,322 | +€411 | +45.1% |
| Suppliers | 440/4 | €911 | €1,322 | +€411 | +45.1% |
| Taxes, remuneration and social security | 45 | €2,700 | €3,900 | +€1,200 | +44.4% |
| Taxes | 450/3 | €2,700 | €3,900 | +€1,200 | +44.4% |
| Other amounts payable | 47/48 | €461,301 | €432,941 | -€28,359 | -6.1% |
| Accrued charges and deferred income | 492/3 | €16,468 | €14,078 | -€2,390 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,342 | €56,951 | -€391 | -0.7% |
| Other operating charges | 640/8 | €4,405 | €5,428 | +€1,023 | +23.2% |
| Gross operating margin | 9900 | €114,181 | €100,452 | -€13,728 | -12.0% |
| Operating profit (loss) | 9901 | €52,433 | €38,073 | -€14,360 | -27.4% |
| Financial income | 75/76B | €200,000 | €130,000 | -€70,000 | -35.0% |
| Recurring financial income | 75 | €200,000 | €130,000 | -€70,000 | -35.0% |
| Financial charges | 65/66B | €23,422 | €18,860 | -€4,561 | -19.5% |
| Recurring financial charges | 65 | €23,422 | €18,860 | -€4,561 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €229,011 | €149,213 | -€79,799 | -34.8% |
| Income taxes | 67/77 | €11,638 | €7,679 | -€3,960 | -34.0% |
| Profit (loss) for the period | 9904 | €217,373 | €141,534 | -€75,839 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €217,373 | €141,534 | -€75,839 | -34.9% |
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 29 October 2026 via checked.be.