IMMOBERBEN: 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.
IMMOBERBEN
Largest movements
- Tangible fixed assets -€144,705
down €144,705 (-25.7%), from €563,817 to €419,112
of which Land and buildings: -€139,566
- Cash +€40,354
up €40,354 (+325.9%), from €12,382 to €52,735
mainly Depreciation (+€77,604) and Net result for the year (+€70,366)
- Receivables within one year -€14,903
down €14,903 (-74.1%), from €20,114 to €5,212
of which Trade receivables: -€12,938
- Other debts -€144,952
down €144,952 (-85.9%), from €168,815 to €23,862
- Debts after one year -€77,951
down €77,951 (-77.2%), from €100,995 to €23,045
- Reserves +€55,000
up €55,000 (+67.7%), from €81,200 to €136,200
of which Distributable reserves: +€55,000
- Trade debts +€38,614
up €38,614 (+1879.7%), from €2,054 to €40,668
- Tax, wage and social debts +€17,637
up €17,637 (+1474.9%), from €1,196 to €18,833
- Staff costs -€45,000
no longer reported in 2025 (was €45,000)
- Taxes +€21,086
up €21,086 (+340.3%), from €6,196 to €27,281
- Gross operating margin +€7,599
up €7,599 (+4.0%), from €191,412 to €199,011
- Depreciation -€4,456
down €4,456 (-5.4%), from €82,060 to €77,604
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 | €598,516 | €481,593 | -€116,924 | -19.5% |
| Fixed assets | 21/28 | €563,817 | €419,112 | -€144,705 | -25.7% |
| Tangible fixed assets | 22/27 | €563,817 | €419,112 | -€144,705 | -25.7% |
| Land and buildings | 22 | €528,694 | €389,128 | -€139,566 | -26.4% |
| Plant, machinery and equipment | 23 | €10,034 | €5,100 | -€4,934 | -49.2% |
| Furniture and vehicles | 24 | €18,147 | €12,257 | -€5,890 | -32.5% |
| Other tangible fixed assets | 26 | €6,942 | €12,627 | +€5,685 | +81.9% |
| Current assets | 29/58 | €34,699 | €62,480 | +€27,781 | +80.1% |
| Amounts receivable within one year | 40/41 | €20,114 | €5,212 | -€14,903 | -74.1% |
| Trade receivables | 40 | €18,150 | €5,212 | -€12,938 | -71.3% |
| Other amounts receivable | 41 | €1,964 | - | -€1,964 | |
| Cash at bank and in hand | 54/58 | €12,382 | €52,735 | +€40,354 | +325.9% |
| Deferred charges and accrued income | 490/1 | €2,203 | €4,533 | +€2,330 | +105.8% |
| Total equity and liabilities | 10/49 | €598,516 | €481,593 | -€116,924 | -19.5% |
| Equity | 10/15 | €298,380 | €353,746 | +€55,366 | +18.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,200 | €136,200 | +€55,000 | +67.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €130,000 | +€55,000 | +73.3% |
| Profit (loss) carried forward | 14 | €155,180 | €155,546 | +€366 | +0.2% |
| Amounts payable | 17/49 | €300,137 | €127,847 | -€172,290 | -57.4% |
| Amounts payable after more than one year | 17 | €100,995 | €23,045 | -€77,951 | -77.2% |
| Financial debts | 170/4 | €100,995 | €23,045 | -€77,951 | -77.2% |
| Amounts payable within one year | 42/48 | €199,087 | €104,052 | -€95,034 | -47.7% |
| Financial debts | 43 | €27,022 | €20,689 | -€6,334 | -23.4% |
| Credit institutions | 430/8 | €27,022 | €20,689 | -€6,334 | -23.4% |
| Trade debts | 44 | €2,054 | €40,668 | +€38,614 | +1879.7% |
| Suppliers | 440/4 | €2,054 | €40,668 | +€38,614 | +1879.7% |
| Taxes, remuneration and social security | 45 | €1,196 | €18,833 | +€17,637 | +1474.9% |
| Taxes | 450/3 | €1,196 | €18,833 | +€17,637 | +1474.9% |
| Other amounts payable | 47/48 | €168,815 | €23,862 | -€144,952 | -85.9% |
| Accrued charges and deferred income | 492/3 | €55 | €750 | +€695 | +1273.6% |
| Remuneration, social security and pensions | 62 | €45,000 | - | -€45,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,060 | €77,604 | -€4,456 | -5.4% |
| Other operating charges | 640/8 | €21,790 | €20,197 | -€1,592 | -7.3% |
| Gross operating margin | 9900 | €191,412 | €199,011 | +€7,599 | +4.0% |
| Operating profit (loss) | 9901 | €42,562 | €101,210 | +€58,647 | +137.8% |
| Financial charges | 65/66B | €3,895 | €3,562 | -€333 | -8.5% |
| Recurring financial charges | 65 | €3,895 | €3,562 | -€333 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €38,667 | €97,647 | +€58,980 | +152.5% |
| Income taxes | 67/77 | €6,196 | €27,281 | +€21,086 | +340.3% |
| Profit (loss) for the period | 9904 | €32,471 | €70,366 | +€37,895 | +116.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,471 | €70,366 | +€37,895 | +116.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.