IMMOBILI: 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.
IMMOBILI
Largest movements
- Current investments +€420,000
new in 2025: €420,000
- Receivables after one year -€415,000
no longer reported in 2025 (was €415,000)
- Tangible fixed assets -€108,750
down €108,750 (-5.4%), from €2.0m to €1.9m
- Other debts +€322,100
up €322,100 (+123%), from €262,370 to €584,470
- Accrued charges and deferred income -€289,391
down €289,391 (-78.0%), from €370,973 to €81,582
- Reserves -€219,856
down €219,856 (-68.7%), from €320,000 to €100,144
of which Distributable reserves: -€219,856
- Debts after one year +€36,729
up €36,729 (+3.6%), from €1.0m to €1.1m
of which Other amounts payable: +€213,000
- Financial income +€40,677
new in 2025: €40,677
- Financial charges -€26,303
down €26,303 (-32.8%), from €80,102 to €53,799
- Gross operating margin -€23,675
down €23,675 (-6.6%), from €357,396 to €333,721
- Taxes +€18,345
up €18,345 (+118%), from €15,567 to €33,912
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 | €2,446,276 | €2,333,775 | -€112,501 | -4.6% |
| Fixed assets | 21/28 | €2,020,938 | €1,912,188 | -€108,750 | -5.4% |
| Tangible fixed assets | 22/27 | €2,020,938 | €1,912,188 | -€108,750 | -5.4% |
| Land and buildings | 22 | €2,020,938 | €1,912,188 | -€108,750 | -5.4% |
| Current assets | 29/58 | €425,338 | €421,587 | -€3,751 | -0.9% |
| Amounts receivable after more than one year | 29 | €415,000 | - | -€415,000 | |
| Other amounts receivable | 291 | €415,000 | - | -€415,000 | |
| Amounts receivable within one year | 40/41 | €2,222 | - | -€2,222 | |
| Other amounts receivable | 41 | €2,222 | - | -€2,222 | |
| Current investments | 50/53 | - | €420,000 | +€420,000 | |
| Cash at bank and in hand | 54/58 | €7,458 | €844 | -€6,614 | -88.7% |
| Deferred charges and accrued income | 490/1 | €658 | €743 | +€85 | +12.9% |
| Total equity and liabilities | 10/49 | €2,446,276 | €2,333,775 | -€112,501 | -4.6% |
| Equity | 10/15 | €623,103 | €403,247 | -€219,856 | -35.3% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €320,000 | €100,144 | -€219,856 | -68.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €290,000 | €70,144 | -€219,856 | -75.8% |
| Profit (loss) carried forward | 14 | €3,103 | €3,103 | = | 0.0% |
| Amounts payable | 17/49 | €1,823,173 | €1,930,528 | +€107,355 | +5.9% |
| Amounts payable after more than one year | 17 | €1,013,559 | €1,050,288 | +€36,729 | +3.6% |
| Financial debts | 170/4 | €1,013,559 | €837,288 | -€176,271 | -17.4% |
| Other amounts payable | 178/9 | - | €213,000 | +€213,000 | |
| Amounts payable within one year | 42/48 | €438,641 | €798,658 | +€360,017 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | €176,271 | €176,271 | = | 0.0% |
| Trade debts | 44 | - | €15,703 | +€15,703 | |
| Suppliers | 440/4 | - | €15,703 | +€15,703 | |
| Taxes, remuneration and social security | 45 | - | €22,214 | +€22,214 | |
| Taxes | 450/3 | - | €22,214 | +€22,214 | |
| Other amounts payable | 47/48 | €262,370 | €584,470 | +€322,100 | +123% |
| Accrued charges and deferred income | 492/3 | €370,973 | €81,582 | -€289,391 | -78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,750 | €108,750 | = | 0.0% |
| Other operating charges | 640/8 | €106,277 | €107,793 | +€1,516 | +1.4% |
| Gross operating margin | 9900 | €357,396 | €333,721 | -€23,675 | -6.6% |
| Operating profit (loss) | 9901 | €142,369 | €117,178 | -€25,191 | -17.7% |
| Financial income | 75/76B | - | €40,677 | +€40,677 | |
| Recurring financial income | 75 | - | €40,677 | +€40,677 | |
| Financial charges | 65/66B | €80,102 | €53,799 | -€26,303 | -32.8% |
| Recurring financial charges | 65 | €80,102 | €53,799 | -€26,303 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €62,267 | €104,056 | +€41,789 | +67.1% |
| Income taxes | 67/77 | €15,567 | €33,912 | +€18,345 | +118% |
| Profit (loss) for the period | 9904 | €46,700 | €70,144 | +€23,444 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,700 | €70,144 | +€23,444 | +50.2% |
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 19 October 2026 via checked.be.