IMMOBRO: what changed
Two fiscal 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.
IMMOBRO
Largest movements
- Tangible fixed assets -€65,626
down €65,626 (-17.0%), from €385,792 to €320,166
- Cash +€20,127
up €20,127 (+463.7%), from €4,340 to €24,467
mainly Net result for the year (+€68,895) and Depreciation (+€65,626)
- Receivables within one year +€19,778
up €19,778 (+1.4%), from €1.4m to €1.4m
- Profit (loss) carried forward +€487,995
up €487,995 (+50.6%), from €963,752 to €1.5m
- Reserves -€419,100
down €419,100 (-87.0%), from €481,605 to €62,505
of which Tax-exempt reserves: -€419,100
- Provisions -€139,700
down €139,700 (-100.0%), from €139,700 to €0
- Short-term financial debts +€53,869
new in 2025: €53,869
- Taxes +€143,569
up €143,569 (+700.7%), from €20,489 to €164,058
- Gross operating margin +€18,675
up €18,675 (+11.6%), from €161,333 to €180,009
- Financial charges +€2,214
up €2,214 (+1207.9%), from €183 to €2,397
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.
Cash bridge derived
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 | €1,804,973 | €1,789,988 | -€14,984 | -0.8% |
| Fixed assets | 21/28 | €385,792 | €320,166 | -€65,626 | -17.0% |
| Tangible fixed assets | 22/27 | €385,792 | €320,166 | -€65,626 | -17.0% |
| Land and buildings | 22 | €385,792 | €320,166 | -€65,626 | -17.0% |
| Current assets | 29/58 | €1,419,181 | €1,469,823 | +€50,642 | +3.6% |
| Amounts receivable within one year | 40/41 | €1,414,841 | €1,434,619 | +€19,778 | +1.4% |
| Other amounts receivable | 41 | €1,414,841 | €1,434,619 | +€19,778 | +1.4% |
| Cash at bank and in hand | 54/58 | €4,340 | €24,467 | +€20,127 | +463.7% |
| Deferred charges and accrued income | 490/1 | €0 | €10,736 | +€10,736 | |
| Total equity and liabilities | 10/49 | €1,804,973 | €1,789,988 | -€14,984 | -0.8% |
| Equity | 10/15 | €1,660,357 | €1,729,252 | +€68,895 | +4.1% |
| Contributions | 10/11 | €215,000 | €215,000 | = | 0.0% |
| Capital | 10 | €215,000 | €215,000 | = | 0.0% |
| Issued capital | 100 | €215,000 | €215,000 | = | 0.0% |
| Reserves | 13 | €481,605 | €62,505 | -€419,100 | -87.0% |
| Non-distributable reserves | 130/1 | €23,401 | €23,401 | = | 0.0% |
| Legal reserve | 130 | €23,401 | €23,401 | = | 0.0% |
| Tax-exempt reserves | 132 | €419,100 | €0 | -€419,100 | -100.0% |
| Distributable reserves | 133 | €39,104 | €39,104 | = | 0.0% |
| Profit (loss) carried forward | 14 | €963,752 | €1,451,747 | +€487,995 | +50.6% |
| Provisions and deferred taxes | 16 | €139,700 | €0 | -€139,700 | -100.0% |
| Deferred taxes | 168 | €139,700 | €0 | -€139,700 | -100.0% |
| Amounts payable | 17/49 | €4,915 | €60,736 | +€55,821 | +1135.7% |
| Amounts payable within one year | 42/48 | €2,256 | €58,027 | +€55,771 | +2472.4% |
| Financial debts | 43 | - | €53,869 | +€53,869 | |
| Credit institutions | 430/8 | - | €53,869 | +€53,869 | |
| Trade debts | 44 | €1,776 | €0 | -€1,776 | -100.0% |
| Suppliers | 440/4 | €1,776 | €0 | -€1,776 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €4,058 | +€4,058 | |
| Taxes | 450/3 | - | €4,058 | +€4,058 | |
| Other amounts payable | 47/48 | €480 | €100 | -€380 | -79.2% |
| Accrued charges and deferred income | 492/3 | €2,659 | €2,709 | +€50 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,200 | €65,626 | +€426 | +0.7% |
| Other operating charges | 640/8 | €19,278 | €19,818 | +€540 | +2.8% |
| Gross operating margin | 9900 | €161,333 | €180,009 | +€18,675 | +11.6% |
| Operating profit (loss) | 9901 | €76,855 | €94,564 | +€17,709 | +23.0% |
| Financial income | 75/76B | - | €1,086 | +€1,086 | |
| Recurring financial income | 75 | - | €1,086 | +€1,086 | |
| Financial charges | 65/66B | €183 | €2,397 | +€2,214 | +1207.9% |
| Recurring financial charges | 65 | €183 | €2,397 | +€2,214 | +1207.9% |
| Profit (loss) for the period before taxes | 9903 | €76,672 | €93,253 | +€16,581 | +21.6% |
| Transfer from deferred taxes | 780 | - | €139,700 | +€139,700 | |
| Income taxes | 67/77 | €20,489 | €164,058 | +€143,569 | +700.7% |
| Profit (loss) for the period | 9904 | €56,183 | €68,895 | +€12,712 | +22.6% |
| Transfer from tax-exempt reserves | 789 | - | €419,100 | +€419,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,183 | €487,995 | +€431,812 | +768.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.