IMMOBILIARI: 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.
IMMOBILIARI
Largest movements
- Cash +€328,573
up €328,573 (+15,294%), from €2,148 to €330,721
mainly Net result for the year (+€423,413) and Investment in fixed assets (net) (+€128,424)
- Tangible fixed assets -€131,021
down €131,021 (-65.8%), from €199,069 to €68,048
- Contributions -€255,000
down €255,000 (-79.7%), from €320,000 to €65,000
- Reserves +€223,628
up €223,628 (+1,548%), from €14,447 to €238,075
of which Tax-exempt reserves: +€223,628
- Other debts +€110,179
up €110,179 (+156%), from €70,569 to €180,748
- Provisions +€74,543
new in 2025: €74,543
- Profit (loss) carried forward +€19,786
up €19,786 (+13.3%), from -€148,570 to -€128,785
- Financial income +€536,576
up €536,576, from €0 to €536,576
of which Financial income: +€536,576
- Taxes +€17,635
new in 2025: €17,635
- Other operating charges +€11,499
up €11,499 (+2,458%), from €468 to €11,967
- Depreciation -€10,924
down €10,924 (-80.8%), from €13,521 to €2,597
- Gross operating margin -€3,864
down €3,864 (-156%), from -€2,477 to -€6,341
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 | €261,446 | €458,215 | +€196,769 | +75.3% |
| Fixed assets | 21/28 | €199,069 | €68,048 | -€131,021 | -65.8% |
| Tangible fixed assets | 22/27 | €199,069 | €68,048 | -€131,021 | -65.8% |
| Land and buildings | 22 | €199,069 | €68,048 | -€131,021 | -65.8% |
| Current assets | 29/58 | €62,377 | €390,167 | +€327,791 | +526% |
| Amounts receivable within one year | 40/41 | €59,327 | €59,446 | +€119 | +0.2% |
| Trade receivables | 40 | €57,469 | €57,469 | = | 0.0% |
| Other amounts receivable | 41 | €1,857 | €1,976 | +€119 | +6.4% |
| Cash at bank and in hand | 54/58 | €2,148 | €330,721 | +€328,573 | +15,294% |
| Deferred charges and accrued income | 490/1 | €902 | €0 | -€902 | -100% |
| Total equity and liabilities | 10/49 | €261,446 | €458,215 | +€196,769 | +75.3% |
| Equity | 10/15 | €185,876 | €174,290 | -€11,587 | -6.2% |
| Contributions | 10/11 | €320,000 | €65,000 | -€255,000 | -79.7% |
| Capital | 10 | €320,000 | €65,000 | -€255,000 | -79.7% |
| Issued capital | 100 | €320,000 | €65,000 | -€255,000 | -79.7% |
| Reserves | 13 | €14,447 | €238,075 | +€223,628 | +1,548% |
| Non-distributable reserves | 130/1 | €14,447 | €14,447 | = | 0.0% |
| Legal reserve | 130 | €14,447 | €14,447 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €223,628 | +€223,628 | |
| Profit (loss) carried forward | 14 | -€148,570 | -€128,785 | +€19,786 | +13.3% |
| Provisions and deferred taxes | 16 | - | €74,543 | +€74,543 | |
| Deferred taxes | 168 | - | €74,543 | +€74,543 | |
| Amounts payable | 17/49 | €75,569 | €209,382 | +€133,813 | +177% |
| Amounts payable after more than one year | 17 | €5,000 | €11,000 | +€6,000 | +120% |
| Other amounts payable | 178/9 | €5,000 | €11,000 | +€6,000 | +120% |
| Amounts payable within one year | 42/48 | €70,569 | €198,382 | +€127,813 | +181% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €17,635 | +€17,635 | |
| Taxes | 450/3 | - | €17,635 | +€17,635 | |
| Other amounts payable | 47/48 | €70,569 | €180,748 | +€110,179 | +156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,521 | €2,597 | -€10,924 | -80.8% |
| Other operating charges | 640/8 | €468 | €11,967 | +€11,499 | +2,458% |
| Gross operating margin | 9900 | -€2,477 | -€6,341 | -€3,864 | -156% |
| Operating profit (loss) | 9901 | -€16,466 | -€20,905 | -€4,439 | -27.0% |
| Financial income | 75/76B | €0 | €536,576 | +€536,576 | |
| Recurring financial income | 75 | €0 | €536,576 | +€536,576 | |
| Non-recurring financial income | 76B | - | €536,576 | +€536,576 | |
| Financial charges | 65/66B | €48 | €81 | +€33 | +67.7% |
| Recurring financial charges | 65 | €48 | €81 | +€33 | +67.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,514 | €515,591 | +€532,104 | |
| Transfer to deferred taxes | 680 | - | €74,543 | +€74,543 | |
| Income taxes | 67/77 | - | €17,635 | +€17,635 | |
| Profit (loss) for the period | 9904 | -€16,514 | €423,413 | +€439,927 | |
| Transfer to tax-exempt reserves | 689 | - | €223,628 | +€223,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,514 | €199,786 | +€216,299 |
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 20 October 2026 via checked.be.