IMMOBEAUR: 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.
IMMOBEAUR
Largest movements
- Tangible fixed assets -€53,637
down €53,637 (-18.4%), from €291,610 to €237,973
of which Land and buildings: -€35,171
- Cash +€10,563
up €10,563 (+7.5%), from €140,809 to €151,372
mainly Depreciation (+€53,637) and Net result for the year (+€8,946)
- Revaluation surpluses -€16,343
down €16,343 (-15.0%), from €108,950 to €92,607
- Debts after one year -€15,284
down €15,284 (-37.0%), from €41,268 to €25,984
- Reserves -€12,000
down €12,000 (-11.4%), from €105,000 to €93,000
of which Distributable reserves: -€12,000
- Trade debts -€5,731
down €5,731 (-42.3%), from €13,545 to €7,814
- Other debts +€5,639
up €5,639 (+42.4%), from €13,308 to €18,947
- Gross operating margin -€9,608
down €9,608 (-11.1%), from €86,391 to €76,783
- Other operating charges -€5,730
down €5,730 (-35.4%), from €16,208 to €10,478
- Depreciation +€5,080
up €5,080 (+10.5%), from €48,557 to €53,637
- Taxes -€1,487
down €1,487 (-25.4%), from €5,860 to €4,373
- Financial charges +€1,185
up €1,185 (+219.4%), from €540 to €1,725
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 | €463,742 | €419,040 | -€44,702 | -9.6% |
| Fixed assets | 21/28 | €319,399 | €265,737 | -€53,662 | -16.8% |
| Tangible fixed assets | 22/27 | €291,610 | €237,973 | -€53,637 | -18.4% |
| Land and buildings | 22 | €214,110 | €178,939 | -€35,171 | -16.4% |
| Plant, machinery and equipment | 23 | €9,471 | €4,443 | -€5,028 | -53.1% |
| Furniture and vehicles | 24 | €68,029 | €54,591 | -€13,438 | -19.8% |
| Financial fixed assets | 28 | €27,789 | €27,764 | -€25 | -0.1% |
| Current assets | 29/58 | €144,343 | €153,303 | +€8,960 | +6.2% |
| Amounts receivable within one year | 40/41 | €334 | €146 | -€188 | -56.3% |
| Trade receivables | 40 | €330 | €139 | -€191 | -57.9% |
| Other amounts receivable | 41 | €4 | €7 | +€3 | +75.0% |
| Cash at bank and in hand | 54/58 | €140,809 | €151,372 | +€10,563 | +7.5% |
| Deferred charges and accrued income | 490/1 | €3,200 | €1,785 | -€1,415 | -44.2% |
| Total equity and liabilities | 10/49 | €463,742 | €419,040 | -€44,702 | -9.6% |
| Equity | 10/15 | €370,698 | €341,490 | -€29,208 | -7.9% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €60,000 | €60,000 | = | 0.0% |
| Revaluation surpluses | 12 | €108,950 | €92,607 | -€16,343 | -15.0% |
| Reserves | 13 | €105,000 | €93,000 | -€12,000 | -11.4% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Legal reserve | 130 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €99,000 | €87,000 | -€12,000 | -12.1% |
| Profit (loss) carried forward | 14 | €94,068 | €95,014 | +€946 | +1.0% |
| Investment grants | 15 | €2,680 | €869 | -€1,811 | -67.6% |
| Provisions and deferred taxes | 16 | €530 | - | -€530 | |
| Deferred taxes | 168 | €530 | - | -€530 | |
| Amounts payable | 17/49 | €92,514 | €77,550 | -€14,964 | -16.2% |
| Amounts payable after more than one year | 17 | €41,268 | €25,984 | -€15,284 | -37.0% |
| Financial debts | 170/4 | €41,268 | €25,984 | -€15,284 | -37.0% |
| Amounts payable within one year | 42/48 | €51,246 | €51,566 | +€320 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €15,284 | €15,284 | = | 0.0% |
| Trade debts | 44 | €13,545 | €7,814 | -€5,731 | -42.3% |
| Suppliers | 440/4 | €13,545 | €7,814 | -€5,731 | -42.3% |
| Taxes, remuneration and social security | 45 | €9,109 | €9,521 | +€412 | +4.5% |
| Taxes | 450/3 | €9,109 | €9,521 | +€412 | +4.5% |
| Other amounts payable | 47/48 | €13,308 | €18,947 | +€5,639 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,557 | €53,637 | +€5,080 | +10.5% |
| Other operating charges | 640/8 | €16,208 | €10,478 | -€5,730 | -35.4% |
| Gross operating margin | 9900 | €86,391 | €76,783 | -€9,608 | -11.1% |
| Operating profit (loss) | 9901 | €21,626 | €12,668 | -€8,958 | -41.4% |
| Financial income | 75/76B | €1,843 | €1,846 | +€3 | +0.2% |
| Recurring financial income | 75 | €1,843 | €1,846 | +€3 | +0.2% |
| Financial charges | 65/66B | €540 | €1,725 | +€1,185 | +219.4% |
| Recurring financial charges | 65 | €540 | €1,725 | +€1,185 | +219.4% |
| Profit (loss) for the period before taxes | 9903 | €22,929 | €12,789 | -€10,140 | -44.2% |
| Transfer from deferred taxes | 780 | €530 | €530 | = | 0.0% |
| Income taxes | 67/77 | €5,860 | €4,373 | -€1,487 | -25.4% |
| Profit (loss) for the period | 9904 | €17,599 | €8,946 | -€8,653 | -49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,599 | €8,946 | -€8,653 | -49.2% |
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 2 October 2026 via checked.be.