IMMOBRIO: 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.
What changed
IMMOBRIO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€200,392
2024 · -€560,381+€359,990
Equity
€381,636
2024 · €582,028-€200,392
Cash
€98,886
2024 · €2,219+€96,666
Balance sheet total
€15.5m
2024 · €15.6m-€109,209
Largest movements
Assets
- Tangible fixed assets -€232,512
down €232,512 (-4.1%), from €5.7m to €5.4m
Equity and liabilities
- Profit (loss) carried forward -€176,409
down €176,409 (-24.5%), from -€720,467 to -€896,875
Income statement
- Gross operating margin +€611,389
up €611,389, from -€116,960 to €494,429
- Financial charges +€151,764
up €151,764 (+52.9%), from €286,874 to €438,638
- Depreciation +€76,738
up €76,738 (+49.3%), from €155,774 to €232,512
- Other operating charges +€29,958
up €29,958 (+1,622%), from €1,847 to €31,804
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.
Result 2024
-€560,381
Gross operating margin
+€611,389
Depreciation
-€76,738
Other operating charges
-€29,958
Financial income
+€139
Financial charges
-€151,764
Deferred taxes and other
+€6,921
Result 2025
-€200,392
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€96,666
Investment
€0
Financing
€0
Cash 2024
€2,219
From operations (derived)
+€96,666
Net result for the year
-€200,392
Depreciation
+€232,512
Receivables within one year
-€26,637
Provisions
-€7,994
Trade debts
+€17,668
Accrued charges and deferred income
+€81,510
Cash 2025
€98,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,572,902 | €15,463,693 | -€109,209 | -0.7% |
| Fixed assets | 21/28 | €5,657,026 | €5,424,514 | -€232,512 | -4.1% |
| Tangible fixed assets | 22/27 | €5,657,026 | €5,424,514 | -€232,512 | -4.1% |
| Land and buildings | 22 | €5,657,026 | €5,424,514 | -€232,512 | -4.1% |
| Current assets | 29/58 | €9,915,876 | €10,039,179 | +€123,303 | +1.2% |
| Stocks and contracts in progress | 3 | €9,900,486 | €9,900,486 | = | 0.0% |
| Stocks | 30/36 | €9,900,486 | €9,900,486 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,171 | €39,808 | +€26,637 | +202% |
| Trade receivables | 40 | - | €29,766 | +€29,766 | |
| Other amounts receivable | 41 | €13,171 | €10,042 | -€3,129 | -23.8% |
| Cash at bank and in hand | 54/58 | €2,219 | €98,886 | +€96,666 | +4,356% |
| Total equity and liabilities | 10/49 | €15,572,902 | €15,463,693 | -€109,209 | -0.7% |
| Equity | 10/15 | €582,028 | €381,636 | -€200,392 | -34.4% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €552,494 | €528,511 | -€23,983 | -4.3% |
| Non-distributable reserves | 130/1 | €565 | - | -€565 | |
| Reserves not available under the articles | 1311 | €565 | - | -€565 | |
| Tax-exempt reserves | 132 | €476,440 | €452,457 | -€23,983 | -5.0% |
| Distributable reserves | 133 | €75,489 | €76,054 | +€565 | +0.7% |
| Profit (loss) carried forward | 14 | -€720,467 | -€896,875 | -€176,409 | -24.5% |
| Provisions and deferred taxes | 16 | €158,813 | €150,819 | -€7,994 | -5.0% |
| Deferred taxes | 168 | €158,813 | €150,819 | -€7,994 | -5.0% |
| Amounts payable | 17/49 | €14,832,061 | €14,931,238 | +€99,178 | +0.7% |
| Amounts payable within one year | 42/48 | €14,663,088 | €14,680,755 | +€17,668 | +0.1% |
| Trade debts | 44 | €3,088 | €20,755 | +€17,668 | +572% |
| Suppliers | 440/4 | €3,088 | €20,755 | +€17,668 | +572% |
| Other amounts payable | 47/48 | €14,660,000 | €14,660,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €168,973 | €250,483 | +€81,510 | +48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,774 | €232,512 | +€76,738 | +49.3% |
| Other operating charges | 640/8 | €1,847 | €31,804 | +€29,958 | +1,622% |
| Gross operating margin | 9900 | -€116,960 | €494,429 | +€611,389 | |
| Operating profit (loss) | 9901 | -€274,580 | €230,113 | +€504,693 | |
| Financial income | 75/76B | - | €139 | +€139 | |
| Recurring financial income | 75 | - | €139 | +€139 | |
| Financial charges | 65/66B | €286,874 | €438,638 | +€151,764 | +52.9% |
| Recurring financial charges | 65 | €286,874 | €438,638 | +€151,764 | +52.9% |
| Profit (loss) for the period before taxes | 9903 | -€561,455 | -€208,386 | +€353,068 | +62.9% |
| Transfer from deferred taxes | 780 | €1,073 | €7,994 | +€6,921 | +645% |
| Profit (loss) for the period | 9904 | -€560,381 | -€200,392 | +€359,990 | +64.2% |
| Transfer from tax-exempt reserves | 789 | €3,220 | €23,983 | +€20,763 | +645% |
| Profit (loss) for the period to be appropriated | 9905 | -€557,162 | -€176,409 | +€380,753 | +68.3% |
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.