ImmoEko: 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.
ImmoEko
Largest movements
- Stocks and contracts -€270,273
down €270,273 (-87.3%), from €309,717 to €39,444
- Receivables within one year +€51,390
up €51,390 (+60.4%), from €85,061 to €136,451
of which Trade receivables: +€51,768
- Cash -€46,814
down €46,814 (-29.4%), from €159,287 to €112,473
mainly Short-term financial debts (-€205,064) and Tax, wage and social debts (-€123,241)
- Short-term financial debts -€205,064
no longer reported in 2025 (was €205,064)
- Tax, wage and social debts -€123,241
down €123,241 (-59.3%), from €207,808 to €84,567
- Profit (loss) carried forward -€44,190
down €44,190 (-99.9%), from €44,239 to €49
- Reserves +€35,000
new in 2025: €35,000
- Trade debts +€22,657
up €22,657 (+18.7%), from €121,393 to €144,050
- Financial charges -€25,403
down €25,403 (-76.0%), from €33,413 to €8,010
- Other operating charges +€17,121
up €17,121 (+4420.1%), from €387 to €17,508
- Gross operating margin -€11,251
down €11,251 (-10.4%), from €108,196 to €96,946
- Taxes -€5,656
down €5,656 (-29.1%), from €19,435 to €13,780
- Financial income -€1,555
down €1,555 (-100.0%), from €1,555 to €0
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 | €588,503 | €323,026 | -€265,477 | -45.1% |
| Fixed assets | 21/28 | €11,465 | €15,528 | +€4,063 | +35.4% |
| Financial fixed assets | 28 | €11,465 | €15,528 | +€4,063 | +35.4% |
| Current assets | 29/58 | €577,038 | €307,498 | -€269,540 | -46.7% |
| Stocks and contracts in progress | 3 | €309,717 | €39,444 | -€270,273 | -87.3% |
| Contracts in progress | 37 | €309,717 | €39,444 | -€270,273 | -87.3% |
| Amounts receivable within one year | 40/41 | €85,061 | €136,451 | +€51,390 | +60.4% |
| Trade receivables | 40 | €84,682 | €136,451 | +€51,768 | +61.1% |
| Other amounts receivable | 41 | €378 | - | -€378 | |
| Cash at bank and in hand | 54/58 | €159,287 | €112,473 | -€46,814 | -29.4% |
| Deferred charges and accrued income | 490/1 | €22,974 | €19,131 | -€3,844 | -16.7% |
| Total equity and liabilities | 10/49 | €588,503 | €323,026 | -€265,477 | -45.1% |
| Equity | 10/15 | €54,239 | €45,049 | -€9,190 | -16.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €35,000 | +€35,000 | |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | €44,239 | €49 | -€44,190 | -99.9% |
| Amounts payable | 17/49 | €534,264 | €277,977 | -€256,287 | -48.0% |
| Amounts payable after more than one year | 17 | - | €22,457 | +€22,457 | |
| Financial debts | 170/4 | - | €22,457 | +€22,457 | |
| Amounts payable within one year | 42/48 | €534,264 | €255,120 | -€279,144 | -52.2% |
| Current portion of amounts payable after more than one year | 42 | - | €12,012 | +€12,012 | |
| Financial debts | 43 | €205,064 | - | -€205,064 | |
| Credit institutions | 430/8 | €205,064 | - | -€205,064 | |
| Trade debts | 44 | €121,393 | €144,050 | +€22,657 | +18.7% |
| Suppliers | 440/4 | €121,393 | €144,050 | +€22,657 | +18.7% |
| Taxes, remuneration and social security | 45 | €207,808 | €84,567 | -€123,241 | -59.3% |
| Taxes | 450/3 | €207,808 | €84,567 | -€123,241 | -59.3% |
| Other amounts payable | 47/48 | - | €14,490 | +€14,490 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €258 | - | -€258 | |
| Other operating charges | 640/8 | €387 | €17,508 | +€17,121 | +4420.1% |
| Non-recurring operating charges | 66A | - | €19,276 | +€19,276 | |
| Gross operating margin | 9900 | €108,196 | €96,946 | -€11,251 | -10.4% |
| Operating profit (loss) | 9901 | €107,551 | €60,162 | -€47,389 | -44.1% |
| Financial income | 75/76B | €1,555 | €0 | -€1,555 | -100.0% |
| Recurring financial income | 75 | €1,555 | €0 | -€1,555 | -100.0% |
| Financial charges | 65/66B | €33,413 | €8,010 | -€25,403 | -76.0% |
| Recurring financial charges | 65 | €33,413 | €8,010 | -€25,403 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €75,693 | €52,151 | -€23,541 | -31.1% |
| Income taxes | 67/77 | €19,435 | €13,780 | -€5,656 | -29.1% |
| Profit (loss) for the period | 9904 | €56,257 | €38,372 | -€17,886 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,257 | €38,372 | -€17,886 | -31.8% |
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.