IMMOBIE: 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.
What changed
IMMOBIE
NACE 46.841, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€86,664
2024 · -€108,331+€21,667
Equity
€2.4m
2024 · €2.1m+€338,336
Cash
€39,494
2024 · €29,285+€10,209
Balance sheet total
€5.2m
2024 · €4.7m+€509,974
Largest movements
Assets
- Tangible fixed assets +€793,940
up €793,940 (+19.2%), from €4.1m to €4.9m
of which Land and buildings: +€824,785
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Receivables within one year -€87,619
down €87,619 (-36.0%), from €243,623 to €156,005
of which Other amounts receivable: -€47,235
Equity and liabilities
- Contributions +€425,000
up €425,000 (+37.8%), from €1.1m to €1.6m
- Debts after one year +€113,617
up €113,617 (+6.5%), from €1.8m to €1.9m
of which Financial debts: +€713,787
- Profit (loss) carried forward -€54,624
down €54,624 (-69.5%), from -€78,542 to -€133,166
Income statement
- Depreciation -€22,004
down €22,004 (-11.0%), from €199,345 to €177,341
- Financial income -€19,263
down €19,263 (-83.4%), from €23,109 to €3,845
- Gross operating margin +€17,669
up €17,669 (+13.0%), from €135,725 to €153,394
- Other operating charges +€1,642
up €1,642 (+11.5%), from €14,304 to €15,946
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.
Result 2024
-€108,331
Gross operating margin
+€17,669
Depreciation
+€22,004
Other operating charges
-€1,642
Financial income
-€19,263
Financial charges
+€1,264
Deferred taxes and other
+€1,636
Result 2025
-€86,664
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€200,202
Investment
-€768,258
Financing
+€578,264
Cash 2024
€29,285
From operations (derived)
+€200,202
Net result for the year
-€86,664
Depreciation
+€177,341
Stocks and contracts
+€3,300
Receivables within one year
+€87,619
Smaller working-capital items
+€1,452
Provisions
-€10,680
Trade debts
+€20,019
Accrued charges and deferred income
+€7,815
Investment (derived)
-€768,258
Investment in fixed assets (net)
-€968,258
Current investments
+€200,000
Financing
+€578,264
Debts after one year
+€113,617
Current portion of long-term debt
+€39,647
Contributions, distributions and other
+€425,000
Cash 2025
€39,494
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,732,905 | €5,242,880 | +€509,974 | +10.8% |
| Fixed assets | 21/28 | €4,185,886 | €4,976,802 | +€790,917 | +18.9% |
| Intangible fixed assets | 21 | €40,902 | €37,878 | -€3,023 | -7.4% |
| Tangible fixed assets | 22/27 | €4,144,984 | €4,938,924 | +€793,940 | +19.2% |
| Land and buildings | 22 | €4,005,417 | €4,830,202 | +€824,785 | +20.6% |
| Plant, machinery and equipment | 23 | €47,056 | €57,128 | +€10,072 | +21.4% |
| Furniture and vehicles | 24 | €92,511 | €51,594 | -€40,917 | -44.2% |
| Current assets | 29/58 | €547,019 | €266,077 | -€280,942 | -51.4% |
| Amounts receivable after more than one year | 29 | €130 | €130 | = | 0.0% |
| Other amounts receivable | 291 | €130 | €130 | = | 0.0% |
| Stocks and contracts in progress | 3 | €73,163 | €69,863 | -€3,300 | -4.5% |
| Stocks | 30/36 | €73,163 | €69,863 | -€3,300 | -4.5% |
| Amounts receivable within one year | 40/41 | €243,623 | €156,005 | -€87,619 | -36.0% |
| Trade receivables | 40 | €195,477 | €155,094 | -€40,383 | -20.7% |
| Other amounts receivable | 41 | €48,146 | €911 | -€47,235 | -98.1% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €29,285 | €39,494 | +€10,209 | +34.9% |
| Deferred charges and accrued income | 490/1 | €817 | €585 | -€232 | -28.4% |
| Total equity and liabilities | 10/49 | €4,732,905 | €5,242,880 | +€509,974 | +10.8% |
| Equity | 10/15 | €2,076,567 | €2,414,902 | +€338,336 | +16.3% |
| Contributions | 10/11 | €1,125,000 | €1,550,000 | +€425,000 | +37.8% |
| Capital | 10 | €1,125,000 | €1,550,000 | +€425,000 | +37.8% |
| Issued capital | 100 | €1,500,000 | €1,925,000 | +€425,000 | +28.3% |
| Uncalled capital | 101 | €375,000 | €375,000 | = | 0.0% |
| Reserves | 13 | €1,030,109 | €998,069 | -€32,040 | -3.1% |
| Non-distributable reserves | 130/1 | €135,840 | €135,840 | = | 0.0% |
| Legal reserve | 130 | €135,840 | €135,840 | = | 0.0% |
| Tax-exempt reserves | 132 | €894,268 | €862,228 | -€32,040 | -3.6% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€78,542 | -€133,166 | -€54,624 | -69.5% |
| Provisions and deferred taxes | 16 | €765,771 | €755,091 | -€10,680 | -1.4% |
| Provisions for liabilities and charges | 160/5 | €480,181 | €480,181 | = | 0.0% |
| Other liabilities and charges | 164/5 | €480,181 | €480,181 | = | 0.0% |
| Deferred taxes | 168 | €285,589 | €274,909 | -€10,680 | -3.7% |
| Amounts payable | 17/49 | €1,890,568 | €2,072,887 | +€182,319 | +9.6% |
| Amounts payable after more than one year | 17 | €1,752,350 | €1,865,967 | +€113,617 | +6.5% |
| Financial debts | 170/4 | €1,149,805 | €1,863,591 | +€713,787 | +62.1% |
| Other amounts payable | 178/9 | €602,546 | €2,376 | -€600,170 | -99.6% |
| Amounts payable within one year | 42/48 | €117,782 | €178,668 | +€60,886 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €70,195 | €109,843 | +€39,647 | +56.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €37,910 | €57,929 | +€20,019 | +52.8% |
| Suppliers | 440/4 | €37,910 | €57,929 | +€20,019 | +52.8% |
| Taxes, remuneration and social security | 45 | €9,676 | €9,724 | +€47 | +0.5% |
| Taxes | 450/3 | €9,676 | €9,724 | +€47 | +0.5% |
| Other amounts payable | 47/48 | €0 | €1,173 | +€1,173 | |
| Accrued charges and deferred income | 492/3 | €20,435 | €28,251 | +€7,815 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €199,345 | €177,341 | -€22,004 | -11.0% |
| Other operating charges | 640/8 | €14,304 | €15,946 | +€1,642 | +11.5% |
| Gross operating margin | 9900 | €135,725 | €153,394 | +€17,669 | +13.0% |
| Operating profit (loss) | 9901 | -€77,924 | -€39,893 | +€38,031 | +48.8% |
| Financial income | 75/76B | €23,109 | €3,845 | -€19,263 | -83.4% |
| Recurring financial income | 75 | €23,109 | €3,845 | -€19,263 | -83.4% |
| Financial charges | 65/66B | €62,560 | €61,296 | -€1,264 | -2.0% |
| Recurring financial charges | 65 | €62,560 | €61,296 | -€1,264 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | -€117,376 | -€97,344 | +€20,031 | +17.1% |
| Transfer from deferred taxes | 780 | €9,044 | €10,680 | +€1,636 | +18.1% |
| Profit (loss) for the period | 9904 | -€108,331 | -€86,664 | +€21,667 | +20.0% |
| Transfer from tax-exempt reserves | 789 | €27,133 | €32,040 | +€4,907 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,198 | -€54,624 | +€26,574 | +32.7% |
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 17 October 2026 via checked.be.