IMMODEVELOPMENT - BELGIUM: 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.
IMMODEVELOPMENT - BELGIUM
Largest movements
- Receivables within one year +€42,991
new in 2025: €42,991
- Tangible fixed assets -€14,798
down €14,798 (-9.4%), from €158,173 to €143,375
- Cash +€10,725
up €10,725 (+1,857%), from €577 to €11,302
mainly Debts after one year (+€238,064) and Current portion of long-term debt (+€28,332)
- Debts after one year +€238,064
new in 2025: €238,064
- Other debts -€204,088
down €204,088 (-84.7%), from €240,910 to €36,822
- Current portion of long-term debt +€28,332
new in 2025: €28,332
- Profit (loss) carried forward -€21,151
down €21,151 (-4.6%), from -€460,250 to -€481,402
- Trade debts -€2,239
down €2,239 (-72.5%), from €3,090 to €851
- Depreciation +€14,798
new in 2025: €14,798
- Gross operating margin -€3,602
down €3,602 (-75.1%), from €4,797 to €1,196
- Financial charges +€3,052
up €3,052 (+1,111%), from €275 to €3,326
- Other operating charges +€367
up €367 (+9.5%), from €3,856 to €4,223
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 | €158,750 | €197,667 | +€38,918 | +24.5% |
| Fixed assets | 21/28 | €158,173 | €143,375 | -€14,798 | -9.4% |
| Tangible fixed assets | 22/27 | €158,173 | €143,375 | -€14,798 | -9.4% |
| Land and buildings | 22 | €158,173 | €143,375 | -€14,798 | -9.4% |
| Current assets | 29/58 | €577 | €54,293 | +€53,715 | +9,303% |
| Amounts receivable within one year | 40/41 | - | €42,991 | +€42,991 | |
| Trade receivables | 40 | - | €42,991 | +€42,991 | |
| Cash at bank and in hand | 54/58 | €577 | €11,302 | +€10,725 | +1,857% |
| Total equity and liabilities | 10/49 | €158,750 | €197,667 | +€38,918 | +24.5% |
| Equity | 10/15 | -€85,250 | -€106,401 | -€21,151 | -24.8% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Capital | 10 | €375,000 | €375,000 | = | 0.0% |
| Issued capital | 100 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€460,250 | -€481,402 | -€21,151 | -4.6% |
| Amounts payable | 17/49 | €244,000 | €304,069 | +€60,069 | +24.6% |
| Amounts payable after more than one year | 17 | - | €238,064 | +€238,064 | |
| Financial debts | 170/4 | - | €238,064 | +€238,064 | |
| Amounts payable within one year | 42/48 | €244,000 | €66,005 | -€177,995 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | - | €28,332 | +€28,332 | |
| Trade debts | 44 | €3,090 | €851 | -€2,239 | -72.5% |
| Suppliers | 440/4 | €3,090 | €851 | -€2,239 | -72.5% |
| Other amounts payable | 47/48 | €240,910 | €36,822 | -€204,088 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €14,798 | +€14,798 | |
| Other operating charges | 640/8 | €3,856 | €4,223 | +€367 | +9.5% |
| Gross operating margin | 9900 | €4,797 | €1,196 | -€3,602 | -75.1% |
| Operating profit (loss) | 9901 | €942 | -€17,825 | -€18,767 | |
| Financial charges | 65/66B | €275 | €3,326 | +€3,052 | +1,111% |
| Recurring financial charges | 65 | €275 | €3,326 | +€3,052 | +1,111% |
| Profit (loss) for the period before taxes | 9903 | €667 | -€21,151 | -€21,818 | |
| Profit (loss) for the period | 9904 | €667 | -€21,151 | -€21,818 | |
| Profit (loss) for the period to be appropriated | 9905 | €667 | -€21,151 | -€21,818 |
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 18 October 2026 via checked.be.