IMMO4M: 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.
IMMO4M
Largest movements
- Receivables within one year +€313,235
up €313,235 (+749%), from €41,837 to €355,072
of which Other amounts receivable: +€339,121
- Cash +€31,330
up €31,330 (+143%), from €21,977 to €53,307
mainly Other debts (+€248,300) and Trade debts (+€60,443)
- Stocks and contracts -€25,900
down €25,900 (-100%), from €25,900 to €0
of which Contracts in progress: -€22,000
- Other debts +€248,300
up €248,300 (+476%), from €52,164 to €300,464
- Trade debts +€60,443
up €60,443 (+1,001%), from €6,036 to €66,479
- Reserves +€16,509
up €16,509 (+1,651%), from €1,000 to €17,509
- Profit (loss) carried forward -€12,281
down €12,281 (-100%), from €12,281 to €0
- Tax, wage and social debts +€6,317
up €6,317 (+812%), from €778 to €7,095
- Gross operating margin +€4,204
up €4,204 (+138%), from €3,037 to €7,241
- Taxes +€1,096
up €1,096 (+141%), from €777 to €1,873
- Other operating charges +€325
up €325 (+145%), from €224 to €548
- Financial charges +€144
up €144 (+29.0%), from €497 to €641
- Financial income -€86
down €86 (-21.0%), from €411 to €325
of which Non-recurring financial income: -€411
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 | €90,858 | €410,147 | +€319,289 | +351% |
| Fixed assets | 21/28 | €1,144 | €869 | -€275 | -24.0% |
| Tangible fixed assets | 22/27 | €1,144 | €869 | -€275 | -24.0% |
| Plant, machinery and equipment | 23 | €1,144 | €869 | -€275 | -24.0% |
| Current assets | 29/58 | €89,714 | €409,277 | +€319,563 | +356% |
| Stocks and contracts in progress | 3 | €25,900 | €0 | -€25,900 | -100% |
| Stocks | 30/36 | €3,900 | €0 | -€3,900 | -100% |
| Contracts in progress | 37 | €22,000 | €0 | -€22,000 | -100% |
| Amounts receivable within one year | 40/41 | €41,837 | €355,072 | +€313,235 | +749% |
| Trade receivables | 40 | €35,991 | €10,105 | -€25,886 | -71.9% |
| Other amounts receivable | 41 | €5,846 | €344,967 | +€339,121 | +5,801% |
| Cash at bank and in hand | 54/58 | €21,977 | €53,307 | +€31,330 | +143% |
| Deferred charges and accrued income | 490/1 | - | €898 | +€898 | |
| Total equity and liabilities | 10/49 | €90,858 | €410,147 | +€319,289 | +351% |
| Equity | 10/15 | €31,881 | €36,109 | +€4,229 | +13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €17,509 | +€16,509 | +1,651% |
| Distributable reserves | 133 | €1,000 | €17,509 | +€16,509 | +1,651% |
| Profit (loss) carried forward | 14 | €12,281 | €0 | -€12,281 | -100% |
| Amounts payable | 17/49 | €58,977 | €374,037 | +€315,060 | +534% |
| Amounts payable within one year | 42/48 | €58,977 | €374,037 | +€315,060 | +534% |
| Trade debts | 44 | €6,036 | €66,479 | +€60,443 | +1,001% |
| Suppliers | 440/4 | €6,036 | €66,479 | +€60,443 | +1,001% |
| Taxes, remuneration and social security | 45 | €778 | €7,095 | +€6,317 | +812% |
| Taxes | 450/3 | €778 | €7,095 | +€6,317 | +812% |
| Other amounts payable | 47/48 | €52,164 | €300,464 | +€248,300 | +476% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €229 | €275 | +€46 | +20.0% |
| Other operating charges | 640/8 | €224 | €548 | +€325 | +145% |
| Gross operating margin | 9900 | €3,037 | €7,241 | +€4,204 | +138% |
| Operating profit (loss) | 9901 | €2,584 | €6,418 | +€3,833 | +148% |
| Financial income | 75/76B | €411 | €325 | -€86 | -21.0% |
| Recurring financial income | 75 | €411 | €325 | -€86 | -21.0% |
| Non-recurring financial income | 76B | €411 | - | -€411 | |
| Financial charges | 65/66B | €497 | €641 | +€144 | +29.0% |
| Recurring financial charges | 65 | €497 | €641 | +€144 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €2,499 | €6,102 | +€3,603 | +144% |
| Income taxes | 67/77 | €777 | €1,873 | +€1,096 | +141% |
| Profit (loss) for the period | 9904 | €1,722 | €4,229 | +€2,507 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €1,722 | €4,229 | +€2,507 | +146% |
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 29 October 2026 via checked.be.