Immobiel 46: 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.
Immobiel 46
Largest movements
- Tangible fixed assets -€18,865
down €18,865 (-4.8%), from €395,323 to €376,458
of which Land and buildings: -€17,526
- Debts after one year -€16,457
down €16,457 (-4.8%), from €340,442 to €323,986
- Profit (loss) carried forward -€7,606
down €7,606 (-22.8%), from -€33,392 to -€40,998
- Current portion of long-term debt -€4,089
down €4,089 (-16.8%), from €24,314 to €20,225
- Gross operating margin -€14,251
down €14,251 (-42.7%), from €33,386 to €19,135
- Financial charges -€830
down €830 (-12.0%), from €6,905 to €6,076
- Depreciation +€426
up €426 (+2.3%), from €18,439 to €18,865
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,271 | €376,742 | -€19,529 | -4.9% |
| Fixed assets | 21/28 | €395,323 | €376,458 | -€18,865 | -4.8% |
| Tangible fixed assets | 22/27 | €395,323 | €376,458 | -€18,865 | -4.8% |
| Land and buildings | 22 | €385,234 | €367,708 | -€17,526 | -4.5% |
| Furniture and vehicles | 24 | €10,089 | €8,750 | -€1,339 | -13.3% |
| Current assets | 29/58 | €947 | €284 | -€664 | -70.1% |
| Cash at bank and in hand | 54/58 | €608 | €63 | -€545 | -89.6% |
| Deferred charges and accrued income | 490/1 | €340 | €221 | -€119 | -35.0% |
| Total equity and liabilities | 10/49 | €396,271 | €376,742 | -€19,529 | -4.9% |
| Equity | 10/15 | -€9,384 | -€16,990 | -€7,606 | -81.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,408 | €5,408 | = | 0.0% |
| Distributable reserves | 133 | €5,408 | €5,408 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,392 | -€40,998 | -€7,606 | -22.8% |
| Amounts payable | 17/49 | €405,655 | €393,732 | -€11,923 | -2.9% |
| Amounts payable after more than one year | 17 | €340,442 | €323,986 | -€16,457 | -4.8% |
| Financial debts | 170/4 | €340,442 | €323,986 | -€16,457 | -4.8% |
| Amounts payable within one year | 42/48 | €65,146 | €69,233 | +€4,087 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €24,314 | €20,225 | -€4,089 | -16.8% |
| Financial debts | 43 | - | €3,201 | +€3,201 | |
| Credit institutions | 430/8 | - | €3,201 | +€3,201 | |
| Trade debts | 44 | €13,248 | €16,191 | +€2,944 | +22.2% |
| Suppliers | 440/4 | €13,248 | €16,191 | +€2,944 | +22.2% |
| Taxes, remuneration and social security | 45 | €2,251 | €3,947 | +€1,697 | +75.4% |
| Taxes | 450/3 | €2,251 | €3,947 | +€1,697 | +75.4% |
| Other amounts payable | 47/48 | €25,333 | €25,669 | +€336 | +1.3% |
| Accrued charges and deferred income | 492/3 | €66 | €514 | +€447 | +673% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,439 | €18,865 | +€426 | +2.3% |
| Other operating charges | 640/8 | €1,751 | €1,800 | +€49 | +2.8% |
| Gross operating margin | 9900 | €33,386 | €19,135 | -€14,251 | -42.7% |
| Operating profit (loss) | 9901 | €13,196 | -€1,530 | -€14,726 | |
| Financial charges | 65/66B | €6,905 | €6,076 | -€830 | -12.0% |
| Recurring financial charges | 65 | €6,905 | €6,076 | -€830 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,290 | -€7,606 | -€13,896 | |
| Profit (loss) for the period | 9904 | €6,290 | -€7,606 | -€13,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,290 | -€7,606 | -€13,896 |
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 30 October 2026 via checked.be.