IMMOBILIS: 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.
IMMOBILIS
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+201%), from €1.0m to €3.0m
- Cash -€229,723
down €229,723 (-85.3%), from €269,254 to €39,531
mainly Investment in fixed assets (net) (-€2.1m) and Current portion of long-term debt (-€303,287)
- Receivables within one year +€116,714
up €116,714 (+15.2%), from €765,636 to €882,349
of which Other amounts receivable: +€319,099
- Debts after one year +€2.2m
up €2.2m (+863,934%), from €255 to €2.2m
of which Financial debts: +€2.2m
- Current portion of long-term debt -€303,287
down €303,287 (-75.8%), from €400,000 to €96,713
- Profit (loss) carried forward -€47,992
down €47,992 (-90.6%), from €52,981 to €4,989
- Trade debts +€46,606
up €46,606 (+4,230%), from €1,102 to €47,708
- Depreciation +€44,114
new in 2025: €44,114
- Gross operating margin -€39,554
down €39,554 (-87.0%), from €45,465 to €5,911
- Financial charges -€2,229
down €2,229 (-9.6%), from €23,252 to €21,023
- Other operating charges -€915
down €915 (-47.1%), from €1,942 to €1,027
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 | €2,079,614 | €3,974,862 | +€1.9m | +91.1% |
| Fixed assets | 21/28 | €1,000,000 | €3,008,257 | +€2.0m | +201% |
| Tangible fixed assets | 22/27 | €1,000,000 | €3,008,257 | +€2.0m | +201% |
| Land and buildings | 22 | €1,000,000 | €3,008,257 | +€2.0m | +201% |
| Current assets | 29/58 | €1,079,614 | €966,605 | -€113,010 | -10.5% |
| Stocks and contracts in progress | 3 | €44,724 | €44,724 | = | 0.0% |
| Contracts in progress | 37 | €44,724 | €44,724 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €765,636 | €882,349 | +€116,714 | +15.2% |
| Trade receivables | 40 | €267,072 | €64,686 | -€202,386 | -75.8% |
| Other amounts receivable | 41 | €498,564 | €817,663 | +€319,099 | +64.0% |
| Cash at bank and in hand | 54/58 | €269,254 | €39,531 | -€229,723 | -85.3% |
| Total equity and liabilities | 10/49 | €2,079,614 | €3,974,862 | +€1.9m | +91.1% |
| Equity | 10/15 | €1,136,704 | €1,084,763 | -€51,941 | -4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,065,123 | €1,061,174 | -€3,949 | -0.4% |
| Tax-exempt reserves | 132 | €1,065,123 | €1,061,174 | -€3,949 | -0.4% |
| Profit (loss) carried forward | 14 | €52,981 | €4,989 | -€47,992 | -90.6% |
| Provisions and deferred taxes | 16 | €355,041 | €353,725 | -€1,316 | -0.4% |
| Deferred taxes | 168 | €355,041 | €353,725 | -€1,316 | -0.4% |
| Amounts payable | 17/49 | €587,869 | €2,536,374 | +€1.9m | +331% |
| Amounts payable after more than one year | 17 | €255 | €2,203,287 | +€2.2m | +863,934% |
| Financial debts | 170/4 | €0 | €2,203,287 | +€2.2m | |
| Other amounts payable | 178/9 | €255 | €0 | -€255 | -100% |
| Amounts payable within one year | 42/48 | €584,717 | €330,790 | -€253,927 | -43.4% |
| Current portion of amounts payable after more than one year | 42 | €400,000 | €96,713 | -€303,287 | -75.8% |
| Trade debts | 44 | €1,102 | €47,708 | +€46,606 | +4,230% |
| Suppliers | 440/4 | €1,102 | €47,708 | +€46,606 | +4,230% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €183,615 | €186,369 | +€2,754 | +1.5% |
| Accrued charges and deferred income | 492/3 | €2,897 | €2,297 | -€600 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €44,114 | +€44,114 | |
| Other operating charges | 640/8 | €1,942 | €1,027 | -€915 | -47.1% |
| Gross operating margin | 9900 | €45,465 | €5,911 | -€39,554 | -87.0% |
| Operating profit (loss) | 9901 | €43,524 | -€39,229 | -€82,753 | |
| Financial income | 75/76B | €7,246 | €6,994 | -€252 | -3.5% |
| Recurring financial income | 75 | €7,246 | €6,994 | -€252 | -3.5% |
| Financial charges | 65/66B | €23,252 | €21,023 | -€2,229 | -9.6% |
| Recurring financial charges | 65 | €23,252 | €21,023 | -€2,229 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €27,518 | -€53,258 | -€80,776 | |
| Transfer from deferred taxes | 780 | - | €1,316 | +€1,316 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €27,518 | -€51,941 | -€79,459 | |
| Transfer from tax-exempt reserves | 789 | - | €3,949 | +€3,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,518 | -€47,992 | -€75,510 |
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 25 October 2026 via checked.be.