IMMOCLABEL: 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.
IMMOCLABEL
Largest movements
- Receivables within one year -€848,474
down €848,474 (-41.7%), from €2.0m to €1.2m
of which Other amounts receivable: -€611,484
- Stocks and contracts -€95,763
down €95,763 (-12.4%), from €769,195 to €673,433
- Cash +€95,117
up €95,117 (+410.9%), from €23,146 to €118,263
mainly Receivables within one year (+€848,474) and Stocks and contracts (+€95,763)
- Other debts -€513,767
down €513,767 (-20.0%), from €2.6m to €2.1m
- Debts after one year -€144,554
down €144,554 (-26.1%), from €554,554 to €410,000
- Trade debts -€106,361
down €106,361 (-88.8%), from €119,774 to €13,413
- Profit (loss) carried forward -€106,346
down €106,346 (-35.9%), from -€296,395 to -€402,741
- Gross operating margin +€141,476
up €141,476, from -€130,540 to €10,936
- Write-downs +€65,261
new in 2025: €65,261
- Financial income -€13,797
down €13,797 (-41.7%), from €33,099 to €19,302
- Financial charges -€5,778
down €5,778 (-9.9%), from €58,620 to €52,842
of which Financial charges: -€5,738
- Other operating charges +€4,911
up €4,911 (+38.3%), from €12,808 to €17,719
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 | €3,022,565 | €2,148,190 | -€874,375 | -28.9% |
| Fixed assets | 21/28 | €197,577 | €172,322 | -€25,255 | -12.8% |
| Tangible fixed assets | 22/27 | €3,588 | €2,826 | -€762 | -21.2% |
| Furniture and vehicles | 24 | €3,588 | €2,826 | -€762 | -21.2% |
| Financial fixed assets | 28 | €193,989 | €169,496 | -€24,493 | -12.6% |
| Current assets | 29/58 | €2,824,988 | €1,975,868 | -€849,120 | -30.1% |
| Stocks and contracts in progress | 3 | €769,195 | €673,433 | -€95,763 | -12.4% |
| Stocks | 30/36 | €769,195 | €673,433 | -€95,763 | -12.4% |
| Amounts receivable within one year | 40/41 | €2,032,646 | €1,184,172 | -€848,474 | -41.7% |
| Trade receivables | 40 | €418,652 | €181,662 | -€236,990 | -56.6% |
| Other amounts receivable | 41 | €1,613,994 | €1,002,510 | -€611,484 | -37.9% |
| Cash at bank and in hand | 54/58 | €23,146 | €118,263 | +€95,117 | +410.9% |
| Total equity and liabilities | 10/49 | €3,022,565 | €2,148,190 | -€874,375 | -28.9% |
| Equity | 10/15 | -€228,195 | -€334,541 | -€106,346 | -46.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,395 | -€402,741 | -€106,346 | -35.9% |
| Amounts payable | 17/49 | €3,250,760 | €2,482,732 | -€768,029 | -23.6% |
| Amounts payable after more than one year | 17 | €554,554 | €410,000 | -€144,554 | -26.1% |
| Financial debts | 170/4 | €554,554 | €410,000 | -€144,554 | -26.1% |
| Amounts payable within one year | 42/48 | €2,696,206 | €2,072,732 | -€623,475 | -23.1% |
| Trade debts | 44 | €119,774 | €13,413 | -€106,361 | -88.8% |
| Suppliers | 440/4 | €119,774 | €13,413 | -€106,361 | -88.8% |
| Taxes, remuneration and social security | 45 | €5,292 | €1,945 | -€3,347 | -63.2% |
| Taxes | 450/3 | €5,292 | €1,945 | -€3,347 | -63.2% |
| Other amounts payable | 47/48 | €2,571,140 | €2,057,374 | -€513,767 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €725 | €762 | +€37 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €65,261 | +€65,261 | |
| Other operating charges | 640/8 | €12,808 | €17,719 | +€4,911 | +38.3% |
| Non-recurring operating charges | 66A | €6,169 | - | -€6,169 | |
| Gross operating margin | 9900 | -€130,540 | €10,936 | +€141,476 | |
| Operating profit (loss) | 9901 | -€150,242 | -€72,806 | +€77,436 | +51.5% |
| Financial income | 75/76B | €33,099 | €19,302 | -€13,797 | -41.7% |
| Recurring financial income | 75 | €33,099 | €19,302 | -€13,797 | -41.7% |
| Financial charges | 65/66B | €58,620 | €52,842 | -€5,778 | -9.9% |
| Recurring financial charges | 65 | €58,580 | €52,842 | -€5,738 | -9.8% |
| Non-recurring financial charges | 66B | €40 | - | -€40 | |
| Profit (loss) for the period before taxes | 9903 | -€175,763 | -€106,346 | +€69,417 | +39.5% |
| Profit (loss) for the period | 9904 | -€175,763 | -€106,346 | +€69,417 | +39.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,763 | -€106,346 | +€69,417 | +39.5% |
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 11 October 2026 via checked.be.