IMMO4V: 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.
IMMO4V
Largest movements
- Tangible fixed assets -€65,784
down €65,784 (-1.8%), from €3.6m to €3.6m
of which Land and buildings: -€104,677
- Debts after one year -€146,712
down €146,712 (-4.4%), from €3.3m to €3.2m
- Reserves +€84,200
new in 2025: €84,200
- Other debts -€64,000
down €64,000 (-57.1%), from €112,167 to €48,167
- Profit (loss) carried forward +€55,418
up €55,418 (+139.2%), from €39,823 to €95,241
- Gross operating margin -€65,985
down €65,985 (-14.2%), from €464,945 to €398,960
- Taxes +€45,139
new in 2025: €45,139
- Financial charges -€8,459
down €8,459 (-8.5%), from €99,162 to €90,704
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 | €3,973,071 | €3,905,030 | -€68,041 | -1.7% |
| Fixed assets | 21/28 | €3,642,101 | €3,575,773 | -€66,328 | -1.8% |
| Intangible fixed assets | 21 | €1,728 | €1,184 | -€544 | -31.5% |
| Tangible fixed assets | 22/27 | €3,640,373 | €3,574,589 | -€65,784 | -1.8% |
| Land and buildings | 22 | €3,640,373 | €3,535,696 | -€104,677 | -2.9% |
| Plant, machinery and equipment | 23 | - | €38,893 | +€38,893 | |
| Current assets | 29/58 | €330,970 | €329,257 | -€1,713 | -0.5% |
| Amounts receivable within one year | 40/41 | - | €2,432 | +€2,432 | |
| Other amounts receivable | 41 | - | €2,432 | +€2,432 | |
| Cash at bank and in hand | 54/58 | €330,970 | €326,824 | -€4,145 | -1.3% |
| Total equity and liabilities | 10/49 | €3,973,071 | €3,905,030 | -€68,041 | -1.7% |
| Equity | 10/15 | €289,823 | €429,441 | +€139,618 | +48.2% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | - | €84,200 | +€84,200 | |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Profit (loss) carried forward | 14 | €39,823 | €95,241 | +€55,418 | +139.2% |
| Amounts payable | 17/49 | €3,683,247 | €3,475,588 | -€207,659 | -5.6% |
| Amounts payable after more than one year | 17 | €3,346,249 | €3,199,537 | -€146,712 | -4.4% |
| Financial debts | 170/4 | €3,346,249 | €3,199,537 | -€146,712 | -4.4% |
| Amounts payable within one year | 42/48 | €336,998 | €276,052 | -€60,947 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €196,431 | €205,628 | +€9,196 | +4.7% |
| Trade debts | 44 | €3,200 | €2,254 | -€946 | -29.6% |
| Suppliers | 440/4 | €3,200 | €2,254 | -€946 | -29.6% |
| Taxes, remuneration and social security | 45 | €25,200 | €20,003 | -€5,197 | -20.6% |
| Taxes | 450/3 | €25,200 | €20,003 | -€5,197 | -20.6% |
| Other amounts payable | 47/48 | €112,167 | €48,167 | -€64,000 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,885 | €112,540 | +€3,655 | +3.4% |
| Other operating charges | 640/8 | €12,965 | €12,864 | -€101 | -0.8% |
| Gross operating margin | 9900 | €464,945 | €398,960 | -€65,985 | -14.2% |
| Operating profit (loss) | 9901 | €343,095 | €273,556 | -€69,539 | -20.3% |
| Financial income | 75/76B | €99 | €1,905 | +€1,807 | +1828.1% |
| Recurring financial income | 75 | €99 | €1,905 | +€1,807 | +1828.1% |
| Financial charges | 65/66B | €99,162 | €90,704 | -€8,459 | -8.5% |
| Recurring financial charges | 65 | €99,162 | €90,704 | -€8,459 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €244,032 | €184,757 | -€59,274 | -24.3% |
| Income taxes | 67/77 | - | €45,139 | +€45,139 | |
| Profit (loss) for the period | 9904 | €244,032 | €139,618 | -€104,414 | -42.8% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €244,032 | €55,418 | -€188,614 | -77.3% |
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 3 October 2026 via checked.be.