IMMO-VI: 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-VI
Largest movements
- Receivables after one year -€50,000
no longer reported in 2025 (was €50,000)
- Cash +€37,842
up €37,842 (+55.7%), from €67,903 to €105,745
mainly Receivables after one year (+€50,000) and Net result for the year (+€26,755)
- Receivables within one year -€22,645
down €22,645 (-23.5%), from €96,341 to €73,696
- Other debts -€69,467
no longer reported in 2025 (was €69,467)
- Reserves +€26,755
up €26,755 (+55.0%), from €48,669 to €75,425
- Current portion of long-term debt -€24,862
no longer reported in 2025 (was €24,862)
- Debts after one year +€24,514
new in 2025: €24,514
- Short-term financial debts +€8,441
new in 2025: €8,441
- Financial income -€2,305
down €2,305 (-99.7%), from €2,313 to €7
- Gross operating margin -€1,669
down €1,669 (-3.5%), from €47,980 to €46,310
- Taxes -€804
down €804 (-5.7%), from €14,197 to €13,392
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 | €218,370 | €182,486 | -€35,885 | -16.4% |
| Fixed assets | 21/28 | €4,126 | €2,106 | -€2,020 | -49.0% |
| Tangible fixed assets | 22/27 | €4,126 | €2,106 | -€2,020 | -49.0% |
| Furniture and vehicles | 24 | €3,158 | €1,280 | -€1,878 | -59.5% |
| Other tangible fixed assets | 26 | €968 | €826 | -€142 | -14.7% |
| Current assets | 29/58 | €214,244 | €180,380 | -€33,864 | -15.8% |
| Amounts receivable after more than one year | 29 | €50,000 | - | -€50,000 | |
| Other amounts receivable | 291 | €50,000 | - | -€50,000 | |
| Amounts receivable within one year | 40/41 | €96,341 | €73,696 | -€22,645 | -23.5% |
| Trade receivables | 40 | €96,341 | €73,696 | -€22,645 | -23.5% |
| Cash at bank and in hand | 54/58 | €67,903 | €105,745 | +€37,842 | +55.7% |
| Deferred charges and accrued income | 490/1 | - | €938 | +€938 | |
| Total equity and liabilities | 10/49 | €218,370 | €182,486 | -€35,885 | -16.4% |
| Equity | 10/15 | €67,269 | €94,025 | +€26,755 | +39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,669 | €75,425 | +€26,755 | +55.0% |
| Distributable reserves | 133 | €48,669 | €75,425 | +€26,755 | +55.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €151,101 | €88,461 | -€62,640 | -41.5% |
| Amounts payable after more than one year | 17 | - | €24,514 | +€24,514 | |
| Other amounts payable | 178/9 | - | €24,514 | +€24,514 | |
| Amounts payable within one year | 42/48 | €151,101 | €63,947 | -€87,154 | -57.7% |
| Current portion of amounts payable after more than one year | 42 | €24,862 | - | -€24,862 | |
| Financial debts | 43 | - | €8,441 | +€8,441 | |
| Credit institutions | 430/8 | - | €8,441 | +€8,441 | |
| Trade debts | 44 | €12,414 | €15,734 | +€3,320 | +26.7% |
| Suppliers | 440/4 | €12,414 | €15,734 | +€3,320 | +26.7% |
| Taxes, remuneration and social security | 45 | €44,358 | €39,772 | -€4,586 | -10.3% |
| Taxes | 450/3 | €44,358 | €39,772 | -€4,586 | -10.3% |
| Other amounts payable | 47/48 | €69,467 | - | -€69,467 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,206 | €2,020 | -€186 | -8.4% |
| Other operating charges | 640/8 | €3,339 | €3,342 | +€3 | +0.1% |
| Gross operating margin | 9900 | €47,980 | €46,310 | -€1,669 | -3.5% |
| Operating profit (loss) | 9901 | €42,434 | €40,948 | -€1,486 | -3.5% |
| Financial income | 75/76B | €2,313 | €7 | -€2,305 | -99.7% |
| Recurring financial income | 75 | €2,313 | €7 | -€2,305 | -99.7% |
| Financial charges | 65/66B | €869 | €808 | -€60 | -7.0% |
| Recurring financial charges | 65 | €869 | €808 | -€60 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €43,878 | €40,147 | -€3,731 | -8.5% |
| Income taxes | 67/77 | €14,197 | €13,392 | -€804 | -5.7% |
| Profit (loss) for the period | 9904 | €29,682 | €26,755 | -€2,926 | -9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,682 | €26,755 | -€2,926 | -9.9% |
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 8 October 2026 via checked.be.