Immo4invest: 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.
Immo4invest
Largest movements
- Stocks and contracts +€119,635
up €119,635 (+140%), from €85,201 to €204,836
- Receivables within one year +€3,916
up €3,916 (+328%), from €1,195 to €5,110
of which Trade receivables: +€5,110
- Cash -€3,902
down €3,902 (-16.0%), from €24,405 to €20,503
mainly Stocks and contracts (-€119,635) and Debts after one year (-€40,527)
- Current portion of long-term debt +€97,030
up €97,030 (+10,095%), from €961 to €97,991
- Other debts +€83,449
new in 2025: €83,449
- Debts after one year -€40,527
down €40,527 (-88.9%), from €45,577 to €5,050
- Profit (loss) carried forward -€23,449
down €23,449 (-100%), from €23,449 to €0
- Reserves +€23,051
new in 2025: €23,051
- Gross operating margin -€24,890
down €24,890 (-38.3%), from €64,936 to €40,046
- Taxes +€5,108
up €5,108 (+83.9%), from €6,086 to €11,194
- Financial charges -€4,239
down €4,239 (-46.8%), from €9,058 to €4,820
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.
Derived cash bridge
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 | €111,464 | €230,459 | +€118,996 | +107% |
| Formation expenses | 20 | €642 | €0 | -€642 | -100% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €110,822 | €230,459 | +€119,637 | +108% |
| Stocks and contracts in progress | 3 | €85,201 | €204,836 | +€119,635 | +140% |
| Stocks | 30/36 | €85,201 | €204,836 | +€119,635 | +140% |
| Amounts receivable within one year | 40/41 | €1,195 | €5,110 | +€3,916 | +328% |
| Trade receivables | 40 | €0 | €5,110 | +€5,110 | |
| Other amounts receivable | 41 | €1,195 | €0 | -€1,195 | -100% |
| Cash at bank and in hand | 54/58 | €24,405 | €20,503 | -€3,902 | -16.0% |
| Deferred charges and accrued income | 490/1 | €21 | €10 | -€11 | -52.7% |
| Total equity and liabilities | 10/49 | €111,464 | €230,459 | +€118,996 | +107% |
| Equity | 10/15 | €41,449 | €41,051 | -€398 | -1.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | - | €23,051 | +€23,051 | |
| Distributable reserves | 133 | - | €23,051 | +€23,051 | |
| Profit (loss) carried forward | 14 | €23,449 | €0 | -€23,449 | -100% |
| Amounts payable | 17/49 | €70,014 | €189,408 | +€119,394 | +171% |
| Amounts payable after more than one year | 17 | €45,577 | €5,050 | -€40,527 | -88.9% |
| Financial debts | 170/4 | €45,577 | €5,050 | -€40,527 | -88.9% |
| Amounts payable within one year | 42/48 | €24,189 | €184,358 | +€160,169 | +662% |
| Current portion of amounts payable after more than one year | 42 | €961 | €97,991 | +€97,030 | +10,095% |
| Trade debts | 44 | €21,642 | €223 | -€21,419 | -99.0% |
| Suppliers | 440/4 | €21,642 | €223 | -€21,419 | -99.0% |
| Taxes, remuneration and social security | 45 | €1,586 | €2,694 | +€1,109 | +69.9% |
| Taxes | 450/3 | €1,586 | €2,694 | +€1,109 | +69.9% |
| Other amounts payable | 47/48 | - | €83,449 | +€83,449 | |
| Accrued charges and deferred income | 492/3 | €248 | €0 | -€248 | -100% |
| Non-recurring operating income | 76A | €5,466 | €0 | -€5,466 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €798 | €642 | -€156 | -19.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,936 | €40,046 | -€24,890 | -38.3% |
| Operating profit (loss) | 9901 | €63,751 | €39,004 | -€24,746 | -38.8% |
| Financial income | 75/76B | €0 | €61 | +€61 | |
| Recurring financial income | 75 | €0 | €61 | +€61 | |
| Financial charges | 65/66B | €9,058 | €4,820 | -€4,239 | -46.8% |
| Recurring financial charges | 65 | €9,058 | €4,820 | -€4,239 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €54,692 | €34,246 | -€20,447 | -37.4% |
| Income taxes | 67/77 | €6,086 | €11,194 | +€5,108 | +83.9% |
| Profit (loss) for the period | 9904 | €48,606 | €23,051 | -€25,555 | -52.6% |
| Profit (loss) for the period to be appropriated | 9905 | €48,606 | €23,051 | -€25,555 | -52.6% |
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 26 October 2026 via checked.be.