Immobilli: 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.
Immobilli
Largest movements
- Cash +€75,233
up €75,233 (+1,391%), from €5,410 to €80,643
mainly Advances received (+€113,500) and Net result for the year (+€10,251)
- Receivables within one year +€35,324
up €35,324 (+95.4%), from €37,016 to €72,341
of which Other amounts receivable: +€48,926
- Advances received +€113,500
new in 2025: €113,500
- Profit (loss) carried forward +€21,777
up €21,777, from -€21,777 to €0
- Reserves -€11,526
down €11,526 (-47.1%), from €24,473 to €12,947
- Trade debts -€8,555
down €8,555 (-60.7%), from €14,091 to €5,537
- Tax, wage and social debts -€5,774
down €5,774 (-22.2%), from €26,020 to €20,246
of which Remuneration and social security: -€4,366
- Taxes -€22,733
down €22,733 (-80.0%), from €28,400 to €5,667
- Gross operating margin -€13,206
down €13,206 (-38.1%), from €34,626 to €21,420
- Depreciation -€1,893
down €1,893 (-78.3%), from €2,419 to €526
- Other operating charges +€1,407
up €1,407 (+76.6%), from €1,838 to €3,244
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 | €44,054 | €154,781 | +€110,727 | +251% |
| Fixed assets | 21/28 | €1,628 | €816 | -€811 | -49.8% |
| Intangible fixed assets | 21 | €400 | €200 | -€200 | -50.0% |
| Tangible fixed assets | 22/27 | €1,228 | €616 | -€611 | -49.8% |
| Plant, machinery and equipment | 23 | €1,228 | €616 | -€611 | -49.8% |
| Current assets | 29/58 | €42,426 | €153,965 | +€111,539 | +263% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €37,016 | €72,341 | +€35,324 | +95.4% |
| Trade receivables | 40 | €19,569 | €5,967 | -€13,602 | -69.5% |
| Other amounts receivable | 41 | €17,447 | €66,373 | +€48,926 | +280% |
| Cash at bank and in hand | 54/58 | €5,410 | €80,643 | +€75,233 | +1,391% |
| Deferred charges and accrued income | 490/1 | - | €982 | +€982 | |
| Total equity and liabilities | 10/49 | €44,054 | €154,781 | +€110,727 | +251% |
| Equity | 10/15 | €3,696 | €13,947 | +€10,251 | +277% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,473 | €12,947 | -€11,526 | -47.1% |
| Distributable reserves | 133 | €24,473 | €12,947 | -€11,526 | -47.1% |
| Profit (loss) carried forward | 14 | -€21,777 | €0 | +€21,777 | |
| Amounts payable | 17/49 | €40,358 | €140,834 | +€100,476 | +249% |
| Amounts payable within one year | 42/48 | €40,358 | €140,834 | +€100,476 | +249% |
| Financial debts | 43 | €247 | €1,552 | +€1,305 | +529% |
| Credit institutions | 430/8 | €247 | €1,552 | +€1,305 | +529% |
| Trade debts | 44 | €14,091 | €5,537 | -€8,555 | -60.7% |
| Suppliers | 440/4 | €14,091 | €5,537 | -€8,555 | -60.7% |
| Advances received on contracts in progress | 46 | - | €113,500 | +€113,500 | |
| Taxes, remuneration and social security | 45 | €26,020 | €20,246 | -€5,774 | -22.2% |
| Taxes | 450/3 | €21,655 | €20,246 | -€1,409 | -6.5% |
| Remuneration and social security | 454/9 | €4,366 | €0 | -€4,366 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,419 | €526 | -€1,893 | -78.3% |
| Other operating charges | 640/8 | €1,838 | €3,244 | +€1,407 | +76.6% |
| Non-recurring operating charges | 66A | - | €285 | +€285 | |
| Gross operating margin | 9900 | €34,626 | €21,420 | -€13,206 | -38.1% |
| Operating profit (loss) | 9901 | €30,369 | €17,364 | -€13,005 | -42.8% |
| Financial income | 75/76B | €104 | €64 | -€39 | -37.8% |
| Recurring financial income | 75 | €104 | €64 | -€39 | -37.8% |
| Financial charges | 65/66B | €1,798 | €1,511 | -€288 | -16.0% |
| Recurring financial charges | 65 | €1,798 | €1,511 | -€288 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €28,674 | €15,918 | -€12,757 | -44.5% |
| Income taxes | 67/77 | €28,400 | €5,667 | -€22,733 | -80.0% |
| Profit (loss) for the period | 9904 | €275 | €10,251 | +€9,977 | +3,632% |
| Profit (loss) for the period to be appropriated | 9905 | €275 | €10,251 | +€9,977 | +3,632% |
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 14 October 2026 via checked.be.