IMMO VERDES: 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 VERDES
Largest movements
- Tangible fixed assets -€60,638
down €60,638 (-1.4%), from €4.3m to €4.2m
of which Plant, machinery and equipment: -€63,031
- Debts after one year -€1.3m
down €1.3m (-35.9%), from €3.5m to €2.3m
of which Financial debts: -€1.3m
- Current portion of long-term debt +€800,924
up €800,924 (+3060.3%), from €26,172 to €827,096
- Profit (loss) carried forward +€245,051
up €245,051 (+58.6%), from €418,285 to €663,336
- Other debts +€132,920
up €132,920 (+55.6%), from €239,202 to €372,122
- Trade debts +€76,022
new in 2025: €76,022
- Gross operating margin -€631,997
down €631,997 (-48.0%), from €1.3m to €685,621
- Other operating charges -€176,215
down €176,215 (-74.8%), from €235,692 to €59,476
- Financial charges -€86,865
down €86,865 (-42.3%), from €205,268 to €118,403
- Depreciation -€22,621
down €22,621 (-7.6%), from €299,064 to €276,444
- Taxes -€22,443
down €22,443 (-83.0%), from €27,046 to €4,603
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 | €5,101,173 | €5,018,044 | -€83,129 | -1.6% |
| Fixed assets | 21/28 | €5,073,031 | €5,012,393 | -€60,638 | -1.2% |
| Tangible fixed assets | 22/27 | €4,288,031 | €4,227,393 | -€60,638 | -1.4% |
| Land and buildings | 22 | €4,111,731 | €4,114,123 | +€2,392 | +0.1% |
| Plant, machinery and equipment | 23 | €176,300 | €113,270 | -€63,031 | -35.8% |
| Financial fixed assets | 28 | €785,000 | €785,000 | = | 0.0% |
| Current assets | 29/58 | €28,142 | €5,651 | -€22,491 | -79.9% |
| Amounts receivable within one year | 40/41 | €16,588 | - | -€16,588 | |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €15,588 | - | -€15,588 | |
| Cash at bank and in hand | 54/58 | €6,831 | €703 | -€6,128 | -89.7% |
| Deferred charges and accrued income | 490/1 | €4,723 | €4,948 | +€225 | +4.8% |
| Total equity and liabilities | 10/49 | €5,101,173 | €5,018,044 | -€83,129 | -1.6% |
| Equity | 10/15 | €1,019,865 | €1,252,801 | +€232,935 | +22.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €539,580 | €527,465 | -€12,115 | -2.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €533,380 | €521,265 | -€12,115 | -2.3% |
| Profit (loss) carried forward | 14 | €418,285 | €663,336 | +€245,051 | +58.6% |
| Provisions and deferred taxes | 16 | €207,101 | €200,860 | -€6,241 | -3.0% |
| Deferred taxes | 168 | €207,101 | €200,860 | -€6,241 | -3.0% |
| Amounts payable | 17/49 | €3,874,207 | €3,564,384 | -€309,823 | -8.0% |
| Amounts payable after more than one year | 17 | €3,548,526 | €2,273,182 | -€1.3m | -35.9% |
| Financial debts | 170/4 | €3,353,467 | €2,071,703 | -€1.3m | -38.2% |
| Other amounts payable | 178/9 | €195,059 | €201,479 | +€6,420 | +3.3% |
| Amounts payable within one year | 42/48 | €291,803 | €1,275,239 | +€983,436 | +337.0% |
| Current portion of amounts payable after more than one year | 42 | €26,172 | €827,096 | +€800,924 | +3060.3% |
| Trade debts | 44 | - | €76,022 | +€76,022 | |
| Suppliers | 440/4 | - | €76,022 | +€76,022 | |
| Taxes, remuneration and social security | 45 | €26,430 | - | -€26,430 | |
| Taxes | 450/3 | €26,430 | - | -€26,430 | |
| Other amounts payable | 47/48 | €239,202 | €372,122 | +€132,920 | +55.6% |
| Accrued charges and deferred income | 492/3 | €33,878 | €15,963 | -€17,915 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299,064 | €276,444 | -€22,621 | -7.6% |
| Other operating charges | 640/8 | €235,692 | €59,476 | -€176,215 | -74.8% |
| Gross operating margin | 9900 | €1,317,618 | €685,621 | -€631,997 | -48.0% |
| Operating profit (loss) | 9901 | €782,862 | €349,700 | -€433,162 | -55.3% |
| Financial income | 75/76B | €13,671 | - | -€13,671 | |
| Recurring financial income | 75 | €13,671 | - | -€13,671 | |
| Financial charges | 65/66B | €205,268 | €118,403 | -€86,865 | -42.3% |
| Recurring financial charges | 65 | €205,268 | €118,403 | -€86,865 | -42.3% |
| Profit (loss) for the period before taxes | 9903 | €591,265 | €231,297 | -€359,968 | -60.9% |
| Transfer from deferred taxes | 780 | €6,241 | €6,241 | = | 0.0% |
| Transfer to deferred taxes | 680 | €123,935 | - | -€123,935 | |
| Income taxes | 67/77 | €27,046 | €4,603 | -€22,443 | -83.0% |
| Profit (loss) for the period | 9904 | €446,525 | €232,935 | -€213,590 | -47.8% |
| Transfer from tax-exempt reserves | 789 | €12,115 | €12,115 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €371,806 | - | -€371,806 | |
| Profit (loss) for the period to be appropriated | 9905 | €86,835 | €245,051 | +€158,216 | +182.2% |
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.