Immo Zonneveld: 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 Zonneveld
Largest movements
- Current investments +€508,493
up €508,493 (+32.2%), from €1.6m to €2.1m
- Receivables within one year +€252,949
up €252,949 (+4.4%), from €5.8m to €6.0m
of which Other amounts receivable: +€252,949
- Short-term financial debts +€750,000
up €750,000 (+8.9%), from €8.5m to €9.2m
- Financial income +€104,251
up €104,251 (+34.4%), from €303,033 to €407,284
- Financial charges -€83,279
down €83,279 (-20.1%), from €415,277 to €331,998
- Gross operating margin +€44,822
up €44,822, from -€15,382 to €29,439
- Depreciation +€1,977
up €1,977 (+1.6%), from €123,828 to €125,805
- Taxes -€775
down €775 (-10.1%), from €7,642 to €6,867
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 | €9,977,083 | €10,706,467 | +€729,384 | +7.3% |
| Fixed assets | 21/28 | €2,431,959 | €2,388,413 | -€43,546 | -1.8% |
| Tangible fixed assets | 22/27 | €2,431,959 | €2,388,413 | -€43,546 | -1.8% |
| Land and buildings | 22 | €2,147,587 | €2,147,539 | -€48 | 0.0% |
| Plant, machinery and equipment | 23 | €284,371 | €240,874 | -€43,498 | -15.3% |
| Current assets | 29/58 | €7,545,124 | €8,318,054 | +€772,930 | +10.2% |
| Amounts receivable within one year | 40/41 | €5,796,357 | €6,049,306 | +€252,949 | +4.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,796,357 | €6,049,306 | +€252,949 | +4.4% |
| Current investments | 50/53 | €1,578,306 | €2,086,799 | +€508,493 | +32.2% |
| Cash at bank and in hand | 54/58 | €91,101 | €30,303 | -€60,798 | -66.7% |
| Deferred charges and accrued income | 490/1 | €79,360 | €151,646 | +€72,286 | +91.1% |
| Total equity and liabilities | 10/49 | €9,977,083 | €10,706,467 | +€729,384 | +7.3% |
| Equity | 10/15 | €1,436,062 | €1,398,434 | -€37,628 | -2.6% |
| Contributions | 10/11 | €10,087,350 | €10,087,350 | = | 0.0% |
| Capital | 10 | €10,062,000 | €10,062,000 | = | 0.0% |
| Issued capital | 100 | €10,062,000 | €10,062,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,350 | €25,350 | = | 0.0% |
| Share premium | 1100/10 | €25,350 | €25,350 | = | 0.0% |
| Reserves | 13 | €20,009 | €20,118 | +€109 | +0.5% |
| Non-distributable reserves | 130/1 | €4,958 | €4,958 | = | 0.0% |
| Legal reserve | 130 | €4,958 | €4,958 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,051 | €15,161 | +€109 | +0.7% |
| Profit (loss) carried forward | 14 | -€8,671,297 | -€8,709,035 | -€37,738 | -0.4% |
| Amounts payable | 17/49 | €8,541,020 | €9,308,033 | +€767,013 | +9.0% |
| Amounts payable within one year | 42/48 | €8,499,743 | €9,254,060 | +€754,317 | +8.9% |
| Financial debts | 43 | €8,450,000 | €9,200,000 | +€750,000 | +8.9% |
| Credit institutions | 430/8 | €8,450,000 | €9,200,000 | +€750,000 | +8.9% |
| Trade debts | 44 | €49,743 | €54,060 | +€4,317 | +8.7% |
| Suppliers | 440/4 | €49,743 | €54,060 | +€4,317 | +8.7% |
| Accrued charges and deferred income | 492/3 | €41,278 | €53,973 | +€12,696 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,828 | €125,805 | +€1,977 | +1.6% |
| Other operating charges | 640/8 | €10,318 | €9,681 | -€637 | -6.2% |
| Gross operating margin | 9900 | -€15,382 | €29,439 | +€44,822 | |
| Operating profit (loss) | 9901 | -€149,528 | -€106,047 | +€43,482 | +29.1% |
| Financial income | 75/76B | €303,033 | €407,284 | +€104,251 | +34.4% |
| Recurring financial income | 75 | €303,033 | €407,284 | +€104,251 | +34.4% |
| Financial charges | 65/66B | €415,277 | €331,998 | -€83,279 | -20.1% |
| Recurring financial charges | 65 | €415,277 | €331,998 | -€83,279 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€261,772 | -€30,761 | +€231,011 | +88.2% |
| Income taxes | 67/77 | €7,642 | €6,867 | -€775 | -10.1% |
| Profit (loss) for the period | 9904 | -€269,415 | -€37,628 | +€231,786 | +86.0% |
| Transfer to tax-exempt reserves | 689 | €106 | €109 | +€3 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,521 | -€37,738 | +€231,783 | +86.0% |
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 12 October 2026 via checked.be.