IMMO ZONE: 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 ZONE
Largest movements
- Cash +€263,014
up €263,014 (+892.8%), from €29,459 to €292,473
mainly Contributions, distributions and other (+€2.1m) and Depreciation (+€242,110)
- Intangible fixed assets -€90,124
down €90,124 (-7.7%), from €1.2m to €1.1m
- Contributions +€2.1m
up €2.1m (+11413.3%), from €18,750 to €2.2m
- Current portion of long-term debt -€792,116
down €792,116 (-82.1%), from €965,204 to €173,088
- Other debts -€727,906
down €727,906 (-40.6%), from €1.8m to €1.1m
- Trade debts -€463,315
down €463,315 (-50.1%), from €924,930 to €461,615
- Profit (loss) carried forward +€217,892
up €217,892 (+36.5%), from -€596,734 to -€378,842
- Financial income +€687,842
up €687,842 (+361470.5%), from €190 to €688,032
- Gross operating margin -€175,247
down €175,247, from €28,284 to -€146,963
- Depreciation +€68,210
up €68,210 (+39.2%), from €173,900 to €242,110
- Financial charges -€67,479
down €67,479 (-46.2%), from €145,959 to €78,480
- Other operating charges +€1,812
up €1,812 (+841.1%), from €216 to €2,028
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 | €4,886,868 | €5,090,389 | +€203,521 | +4.2% |
| Fixed assets | 21/28 | €4,612,263 | €4,542,536 | -€69,727 | -1.5% |
| Intangible fixed assets | 21 | €1,165,434 | €1,075,310 | -€90,124 | -7.7% |
| Tangible fixed assets | 22/27 | €161,838 | €182,235 | +€20,397 | +12.6% |
| Furniture and vehicles | 24 | €96,713 | €76,983 | -€19,729 | -20.4% |
| Other tangible fixed assets | 26 | €65,125 | €105,252 | +€40,127 | +61.6% |
| Financial fixed assets | 28 | €3,284,991 | €3,284,991 | = | 0.0% |
| Current assets | 29/58 | €274,605 | €547,853 | +€273,248 | +99.5% |
| Amounts receivable within one year | 40/41 | €183,039 | €158,096 | -€24,943 | -13.6% |
| Trade receivables | 40 | €16,575 | €96,889 | +€80,313 | +484.5% |
| Other amounts receivable | 41 | €166,464 | €61,208 | -€105,256 | -63.2% |
| Cash at bank and in hand | 54/58 | €29,459 | €292,473 | +€263,014 | +892.8% |
| Deferred charges and accrued income | 490/1 | €62,107 | €97,284 | +€35,177 | +56.6% |
| Total equity and liabilities | 10/49 | €4,886,868 | €5,090,389 | +€203,521 | +4.2% |
| Equity | 10/15 | -€524,234 | €1,833,658 | +€2.4m | |
| Contributions | 10/11 | €18,750 | €2,158,750 | +€2.1m | +11413.3% |
| Reserves | 13 | €53,750 | €53,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €51,875 | €51,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€596,734 | -€378,842 | +€217,892 | +36.5% |
| Amounts payable | 17/49 | €5,411,102 | €3,256,731 | -€2.2m | -39.8% |
| Amounts payable after more than one year | 17 | €952,115 | €779,027 | -€173,088 | -18.2% |
| Financial debts | 170/4 | €952,115 | €779,027 | -€173,088 | -18.2% |
| Amounts payable within one year | 42/48 | €4,453,986 | €2,474,509 | -€2.0m | -44.4% |
| Current portion of amounts payable after more than one year | 42 | €965,204 | €173,088 | -€792,116 | -82.1% |
| Trade debts | 44 | €924,930 | €461,615 | -€463,315 | -50.1% |
| Suppliers | 440/4 | €924,930 | €461,615 | -€463,315 | -50.1% |
| Advances received on contracts in progress | 46 | €769,970 | €751,681 | -€18,289 | -2.4% |
| Taxes, remuneration and social security | 45 | €347 | €22,495 | +€22,148 | +6380.7% |
| Taxes | 450/3 | €347 | €22,495 | +€22,148 | +6380.7% |
| Other amounts payable | 47/48 | €1,793,535 | €1,065,629 | -€727,906 | -40.6% |
| Accrued charges and deferred income | 492/3 | €5,000 | €3,195 | -€1,805 | -36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,900 | €242,110 | +€68,210 | +39.2% |
| Other operating charges | 640/8 | €216 | €2,028 | +€1,812 | +841.1% |
| Non-recurring operating charges | 66A | - | €560 | +€560 | |
| Gross operating margin | 9900 | €28,284 | -€146,963 | -€175,247 | |
| Operating profit (loss) | 9901 | -€145,832 | -€391,661 | -€245,830 | -168.6% |
| Financial income | 75/76B | €190 | €688,032 | +€687,842 | +361470.5% |
| Recurring financial income | 75 | €190 | €688,032 | +€687,842 | +361470.5% |
| Financial charges | 65/66B | €145,959 | €78,480 | -€67,479 | -46.2% |
| Recurring financial charges | 65 | €145,959 | €78,480 | -€67,479 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€291,600 | €217,892 | +€509,492 | |
| Profit (loss) for the period | 9904 | -€291,600 | €217,892 | +€509,492 | |
| Profit (loss) for the period to be appropriated | 9905 | -€291,600 | €217,892 | +€509,492 |
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 10 October 2026 via checked.be.