IMMO4W: 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.
IMMO4W
Largest movements
- Tangible fixed assets -€6,201
down €6,201 (-1.3%), from €461,913 to €455,712
of which Land and buildings: -€15,193
- Debts after one year -€40,706
down €40,706 (-9.6%), from €423,672 to €382,967
- Reserves +€25,294
up €25,294 (+313.4%), from €8,070 to €33,365
- Tax, wage and social debts +€8,465
up €8,465 (+829.8%), from €1,020 to €9,485
- Gross operating margin +€31,732
up €31,732 (+119.5%), from €26,557 to €58,289
- Taxes +€8,465
up €8,465 (+829.8%), from €1,020 to €9,485
- Depreciation +€840
up €840 (+5.5%), from €15,193 to €16,032
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 | €479,071 | €472,611 | -€6,460 | -1.3% |
| Fixed assets | 21/28 | €461,913 | €455,712 | -€6,201 | -1.3% |
| Tangible fixed assets | 22/27 | €461,913 | €455,712 | -€6,201 | -1.3% |
| Land and buildings | 22 | €461,913 | €446,720 | -€15,193 | -3.3% |
| Plant, machinery and equipment | 23 | - | €8,991 | +€8,991 | |
| Current assets | 29/58 | €17,158 | €16,900 | -€259 | -1.5% |
| Amounts receivable within one year | 40/41 | €525 | €0 | -€525 | -100.0% |
| Other amounts receivable | 41 | €525 | €0 | -€525 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,633 | €16,572 | -€61 | -0.4% |
| Deferred charges and accrued income | 490/1 | - | €327 | +€327 | |
| Total equity and liabilities | 10/49 | €479,071 | €472,611 | -€6,460 | -1.3% |
| Equity | 10/15 | €10,142 | €35,437 | +€25,294 | +249.4% |
| Contributions | 10/11 | €1,209 | €1,209 | = | 0.0% |
| Reserves | 13 | €8,070 | €33,365 | +€25,294 | +313.4% |
| Distributable reserves | 133 | €8,070 | €33,365 | +€25,294 | +313.4% |
| Profit (loss) carried forward | 14 | €863 | €863 | = | 0.0% |
| Amounts payable | 17/49 | €468,929 | €437,175 | -€31,754 | -6.8% |
| Amounts payable after more than one year | 17 | €423,672 | €382,967 | -€40,706 | -9.6% |
| Financial debts | 170/4 | €423,672 | €382,967 | -€40,706 | -9.6% |
| Amounts payable within one year | 42/48 | €45,256 | €54,208 | +€8,952 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €40,121 | €40,706 | +€585 | +1.5% |
| Trade debts | 44 | €615 | €517 | -€98 | -16.0% |
| Suppliers | 440/4 | €615 | €517 | -€98 | -16.0% |
| Taxes, remuneration and social security | 45 | €1,020 | €9,485 | +€8,465 | +829.8% |
| Taxes | 450/3 | €1,020 | €9,485 | +€8,465 | +829.8% |
| Other amounts payable | 47/48 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,193 | €16,032 | +€840 | +5.5% |
| Other operating charges | 640/8 | - | €145 | +€145 | |
| Gross operating margin | 9900 | €26,557 | €58,289 | +€31,732 | +119.5% |
| Operating profit (loss) | 9901 | €11,364 | €42,111 | +€30,747 | +270.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,623 | €7,332 | -€291 | -3.8% |
| Recurring financial charges | 65 | €7,623 | €7,332 | -€291 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €3,741 | €34,780 | +€31,039 | +829.8% |
| Income taxes | 67/77 | €1,020 | €9,485 | +€8,465 | +829.8% |
| Profit (loss) for the period | 9904 | €2,720 | €25,294 | +€22,574 | +829.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,720 | €25,294 | +€22,574 | +829.8% |
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 8 October 2026 via checked.be.