IMMO ZEETANK: 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 ZEETANK
Largest movements
- Cash +€613,736
up €613,736 (+372.7%), from €164,658 to €778,394
mainly Contributions, distributions and other (+€800,000) and Receivables within one year (+€2,709)
- Tangible fixed assets +€70,621
up €70,621 (+12.0%), from €586,839 to €657,460
of which Assets under construction and advance payments: +€70,621
- Contributions +€800,000
up €800,000 (+160.0%), from €500,000 to €1.3m
- Debts after one year -€100,000
down €100,000 (-54.5%), from €183,333 to €83,334
- Financial income -€5,605
down €5,605 (-100.0%), from €5,605 to €0
- Financial charges -€2,895
down €2,895 (-26.2%), from €11,052 to €8,157
- Gross operating margin +€2,220
up €2,220 (+43.8%), from -€5,063 to -€2,843
- Other operating charges -€52
down €52 (-4.2%), from €1,251 to €1,199
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 | €761,656 | €1,442,077 | +€680,421 | +89.3% |
| Formation expenses | 20 | €3,163 | €1,936 | -€1,227 | -38.8% |
| Fixed assets | 21/28 | €589,339 | €659,960 | +€70,621 | +12.0% |
| Tangible fixed assets | 22/27 | €586,839 | €657,460 | +€70,621 | +12.0% |
| Land and buildings | 22 | €495,464 | €495,464 | = | 0.0% |
| Assets under construction and advance payments | 27 | €91,375 | €161,996 | +€70,621 | +77.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €169,154 | €780,181 | +€611,027 | +361.2% |
| Amounts receivable within one year | 40/41 | €4,496 | €1,787 | -€2,709 | -60.2% |
| Other amounts receivable | 41 | €4,496 | €1,787 | -€2,709 | -60.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €164,658 | €778,394 | +€613,736 | +372.7% |
| Total equity and liabilities | 10/49 | €761,656 | €1,442,077 | +€680,421 | +89.3% |
| Equity | 10/15 | €471,044 | €1,257,617 | +€786,573 | +167.0% |
| Contributions | 10/11 | €500,000 | €1,300,000 | +€800,000 | +160.0% |
| Profit (loss) carried forward | 14 | -€28,956 | -€42,383 | -€13,427 | -46.4% |
| Amounts payable | 17/49 | €290,613 | €184,460 | -€106,153 | -36.5% |
| Amounts payable after more than one year | 17 | €183,333 | €83,334 | -€100,000 | -54.5% |
| Financial debts | 170/4 | €183,333 | €83,334 | -€100,000 | -54.5% |
| Amounts payable within one year | 42/48 | €107,248 | €101,126 | -€6,121 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €7,248 | €1,126 | -€6,121 | -84.5% |
| Suppliers | 440/4 | €7,248 | €1,126 | -€6,121 | -84.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,227 | €1,227 | = | 0.0% |
| Other operating charges | 640/8 | €1,251 | €1,199 | -€52 | -4.2% |
| Gross operating margin | 9900 | -€5,063 | -€2,843 | +€2,220 | +43.8% |
| Operating profit (loss) | 9901 | -€7,542 | -€5,270 | +€2,272 | +30.1% |
| Financial income | 75/76B | €5,605 | €0 | -€5,605 | -100.0% |
| Recurring financial income | 75 | €5,605 | €0 | -€5,605 | -100.0% |
| Financial charges | 65/66B | €11,052 | €8,157 | -€2,895 | -26.2% |
| Recurring financial charges | 65 | €11,052 | €8,157 | -€2,895 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,988 | -€13,427 | -€439 | -3.4% |
| Profit (loss) for the period | 9904 | -€12,988 | -€13,427 | -€439 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,988 | -€13,427 | -€439 | -3.4% |
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 9 October 2026 via checked.be.