IMMOBRIG: 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.
IMMOBRIG
Largest movements
- Tangible fixed assets +€397,895
up €397,895 (+46.3%), from €860,054 to €1.3m
of which Land and buildings: +€396,960
- Cash -€299,317
down €299,317 (-81.4%), from €367,644 to €68,328
mainly Investment in fixed assets (net) (-€430,584) and Current investments (-€200,000)
- Receivables within one year -€264,019
down €264,019 (-96.1%), from €274,754 to €10,736
of which Other amounts receivable: -€268,302
- Current investments +€200,000
new in 2025: €200,000
- Reserves +€46,997
up €46,997 (+4.8%), from €972,484 to €1.0m
of which Distributable reserves: +€64,962
- Gross operating margin -€718,518
down €718,518 (-88.2%), from €814,912 to €96,394
- Depreciation +€19,163
up €19,163 (+142%), from €13,526 to €32,689
- Taxes -€9,277
down €9,277 (-35.2%), from €26,336 to €17,059
- Other operating charges -€8,161
down €8,161 (-48.9%), from €16,701 to €8,540
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 | €1,502,452 | €1,537,012 | +€34,560 | +2.3% |
| Fixed assets | 21/28 | €860,054 | €1,257,949 | +€397,895 | +46.3% |
| Tangible fixed assets | 22/27 | €860,054 | €1,257,949 | +€397,895 | +46.3% |
| Land and buildings | 22 | €859,737 | €1,256,697 | +€396,960 | +46.2% |
| Plant, machinery and equipment | 23 | €316 | €206 | -€110 | -34.8% |
| Furniture and vehicles | 24 | - | €1,045 | +€1,045 | |
| Current assets | 29/58 | €642,399 | €279,063 | -€363,335 | -56.6% |
| Amounts receivable within one year | 40/41 | €274,754 | €10,736 | -€264,019 | -96.1% |
| Trade receivables | 40 | - | €4,283 | +€4,283 | |
| Other amounts receivable | 41 | €274,754 | €6,453 | -€268,302 | -97.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €367,644 | €68,328 | -€299,317 | -81.4% |
| Total equity and liabilities | 10/49 | €1,502,452 | €1,537,012 | +€34,560 | +2.3% |
| Equity | 10/15 | €1,247,484 | €1,294,481 | +€46,997 | +3.8% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Reserves | 13 | €972,484 | €1,019,481 | +€46,997 | +4.8% |
| Non-distributable reserves | 130/1 | €27,500 | €27,500 | = | 0.0% |
| Legal reserve | 130 | €27,500 | €27,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €463,609 | €445,644 | -€17,965 | -3.9% |
| Distributable reserves | 133 | €481,375 | €546,337 | +€64,962 | +13.5% |
| Provisions and deferred taxes | 16 | €238,723 | €229,472 | -€9,251 | -3.9% |
| Deferred taxes | 168 | €238,723 | €229,472 | -€9,251 | -3.9% |
| Amounts payable | 17/49 | €16,246 | €13,059 | -€3,187 | -19.6% |
| Amounts payable within one year | 42/48 | €16,246 | €13,059 | -€3,187 | -19.6% |
| Trade debts | 44 | €10,639 | - | -€10,639 | |
| Suppliers | 440/4 | €10,639 | - | -€10,639 | |
| Taxes, remuneration and social security | 45 | €5,607 | €13,059 | +€7,452 | +133% |
| Taxes | 450/3 | €5,607 | €13,059 | +€7,452 | +133% |
| Non-recurring operating income | 76A | €710,260 | - | -€710,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,526 | €32,689 | +€19,163 | +142% |
| Other operating charges | 640/8 | €16,701 | €8,540 | -€8,161 | -48.9% |
| Gross operating margin | 9900 | €814,912 | €96,394 | -€718,518 | -88.2% |
| Operating profit (loss) | 9901 | €784,684 | €55,164 | -€729,520 | -93.0% |
| Financial income | 75/76B | €440 | €41 | -€399 | -90.7% |
| Recurring financial income | 75 | €440 | €41 | -€399 | -90.7% |
| Financial charges | 65/66B | €390 | €400 | +€10 | +2.5% |
| Recurring financial charges | 65 | €390 | €400 | +€10 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €784,734 | €54,805 | -€729,929 | -93.0% |
| Transfer from deferred taxes | 780 | €2,695 | €9,251 | +€6,556 | +243% |
| Transfer to deferred taxes | 680 | €241,417 | - | -€241,417 | |
| Income taxes | 67/77 | €26,336 | €17,059 | -€9,277 | -35.2% |
| Profit (loss) for the period | 9904 | €519,676 | €46,997 | -€472,678 | -91.0% |
| Transfer from tax-exempt reserves | 789 | €5,233 | €17,965 | +€12,732 | +243% |
| Transfer to tax-exempt reserves | 689 | €468,843 | - | -€468,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,066 | €64,962 | +€8,896 | +15.9% |
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 23 October 2026 via checked.be.