IMMO2T: 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.
IMMO2T
Largest movements
- Tangible fixed assets +€133,682
up €133,682 (+36.2%), from €369,616 to €503,298
of which Assets under construction and advance payments: +€143,542
- Debts after one year +€174,823
up €174,823 (+39.5%), from €442,653 to €617,476
of which Other amounts payable: +€114,750
- Profit (loss) carried forward -€49,886
down €49,886 (-46.8%), from -€106,571 to -€156,457
- Other debts +€11,497
up €11,497 (+81.6%), from €14,087 to €25,584
- Gross operating margin -€6,452
down €6,452 (-36.5%), from -€17,664 to -€24,117
- Financial charges -€5,696
down €5,696 (-31.5%), from €18,084 to €12,388
- Other operating charges +€2,044
up €2,044 (+136.8%), from €1,494 to €3,538
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 | €371,369 | €509,116 | +€137,747 | +37.1% |
| Fixed assets | 21/28 | €370,016 | €503,698 | +€133,682 | +36.1% |
| Tangible fixed assets | 22/27 | €369,616 | €503,298 | +€133,682 | +36.2% |
| Land and buildings | 22 | €278,168 | €268,308 | -€9,860 | -3.5% |
| Assets under construction and advance payments | 27 | €91,448 | €234,990 | +€143,542 | +157.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,353 | €5,418 | +€4,065 | +300.5% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €1,353 | €2,693 | +€1,341 | +99.1% |
| Deferred charges and accrued income | 490/1 | - | €724 | +€724 | |
| Total equity and liabilities | 10/49 | €371,369 | €509,116 | +€137,747 | +37.1% |
| Equity | 10/15 | -€100,571 | -€150,457 | -€49,886 | -49.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,571 | -€156,457 | -€49,886 | -46.8% |
| Amounts payable | 17/49 | €471,940 | €659,572 | +€187,633 | +39.8% |
| Amounts payable after more than one year | 17 | €442,653 | €617,476 | +€174,823 | +39.5% |
| Financial debts | 170/4 | €220,553 | €280,626 | +€60,073 | +27.2% |
| Other amounts payable | 178/9 | €222,100 | €336,850 | +€114,750 | +51.7% |
| Amounts payable within one year | 42/48 | €29,287 | €42,096 | +€12,810 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €14,211 | €16,283 | +€2,072 | +14.6% |
| Trade debts | 44 | €988 | €228 | -€759 | -76.9% |
| Suppliers | 440/4 | €988 | €228 | -€759 | -76.9% |
| Other amounts payable | 47/48 | €14,087 | €25,584 | +€11,497 | +81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,860 | €9,860 | = | 0.0% |
| Other operating charges | 640/8 | €1,494 | €3,538 | +€2,044 | +136.8% |
| Gross operating margin | 9900 | -€17,664 | -€24,117 | -€6,452 | -36.5% |
| Operating profit (loss) | 9901 | -€29,019 | -€37,515 | -€8,496 | -29.3% |
| Financial income | 75/76B | - | €17 | +€17 | |
| Recurring financial income | 75 | - | €17 | +€17 | |
| Financial charges | 65/66B | €18,084 | €12,388 | -€5,696 | -31.5% |
| Recurring financial charges | 65 | €18,084 | €12,388 | -€5,696 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€47,102 | -€49,886 | -€2,784 | -5.9% |
| Profit (loss) for the period | 9904 | -€47,102 | -€49,886 | -€2,784 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,102 | -€49,886 | -€2,784 | -5.9% |
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 4 October 2026 via checked.be.