ImmoEsser: 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.
ImmoEsser
Largest movements
- Cash -€57,766
down €57,766 (-97.9%), from €59,009 to €1,243
mainly Other debts (-€92,162) and Trade debts (-€1,035)
- Other debts -€92,162
down €92,162 (-40.0%), from €230,623 to €138,461
- Depreciation -€27,115
down €27,115 (-100.0%), from €27,115 to €0
- Financial charges +€10,452
up €10,452 (+21.1%), from €49,485 to €59,937
- Taxes +€2,422
up €2,422, from €0 to €2,422
- Gross operating margin +€1,259
up €1,259 (+1.5%), from €85,876 to €87,136
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 | €3,815,112 | €3,750,286 | -€64,826 | -1.7% |
| Formation expenses | 20 | €17,461 | €17,461 | = | 0.0% |
| Fixed assets | 21/28 | €3,729,439 | €3,729,439 | = | 0.0% |
| Intangible fixed assets | 21 | €3,715 | €3,715 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,682,555 | €3,682,555 | = | 0.0% |
| Land and buildings | 22 | €3,411,405 | €3,411,405 | = | 0.0% |
| Other tangible fixed assets | 26 | €271,150 | €271,150 | = | 0.0% |
| Financial fixed assets | 28 | €43,169 | €43,169 | = | 0.0% |
| Current assets | 29/58 | €68,211 | €3,385 | -€64,826 | -95.0% |
| Amounts receivable within one year | 40/41 | €3,779 | €2,000 | -€1,779 | -47.1% |
| Other amounts receivable | 41 | €3,779 | €2,000 | -€1,779 | -47.1% |
| Cash at bank and in hand | 54/58 | €59,009 | €1,243 | -€57,766 | -97.9% |
| Deferred charges and accrued income | 490/1 | €5,423 | €142 | -€5,281 | -97.4% |
| Total equity and liabilities | 10/49 | €3,815,112 | €3,750,286 | -€64,826 | -1.7% |
| Equity | 10/15 | €2,186,471 | €2,196,273 | +€9,802 | +0.4% |
| Contributions | 10/11 | €1,440,000 | €1,440,000 | = | 0.0% |
| Capital | 10 | €1,440,000 | €1,440,000 | = | 0.0% |
| Issued capital | 100 | €1,440,000 | €1,440,000 | = | 0.0% |
| Reserves | 13 | €746,471 | €756,273 | +€9,802 | +1.3% |
| Non-distributable reserves | 130/1 | €48,104 | €48,594 | +€490 | +1.0% |
| Legal reserve | 130 | €48,104 | €48,594 | +€490 | +1.0% |
| Distributable reserves | 133 | €698,367 | €707,679 | +€9,312 | +1.3% |
| Amounts payable | 17/49 | €1,628,641 | €1,554,012 | -€74,629 | -4.6% |
| Amounts payable after more than one year | 17 | €1,352,394 | €1,371,855 | +€19,460 | +1.4% |
| Financial debts | 170/4 | €1,352,394 | €1,371,855 | +€19,460 | +1.4% |
| Amounts payable within one year | 42/48 | €276,247 | €182,158 | -€94,089 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €30,415 | €30,540 | +€124 | +0.4% |
| Trade debts | 44 | €1,390 | €355 | -€1,035 | -74.5% |
| Suppliers | 440/4 | €1,390 | €355 | -€1,035 | -74.5% |
| Taxes, remuneration and social security | 45 | €13,818 | €12,802 | -€1,016 | -7.4% |
| Taxes | 450/3 | €13,818 | €12,802 | -€1,016 | -7.4% |
| Other amounts payable | 47/48 | €230,623 | €138,461 | -€92,162 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,115 | €0 | -€27,115 | -100.0% |
| Other operating charges | 640/8 | €15,734 | €14,975 | -€760 | -4.8% |
| Gross operating margin | 9900 | €85,876 | €87,136 | +€1,259 | +1.5% |
| Operating profit (loss) | 9901 | €43,027 | €72,161 | +€29,134 | +67.7% |
| Financial charges | 65/66B | €49,485 | €59,937 | +€10,452 | +21.1% |
| Recurring financial charges | 65 | €49,485 | €59,937 | +€10,452 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,458 | €12,224 | +€18,682 | |
| Income taxes | 67/77 | €0 | €2,422 | +€2,422 | |
| Profit (loss) for the period | 9904 | -€6,458 | €9,802 | +€16,260 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,458 | €9,802 | +€16,260 |
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 12 October 2026 via checked.be.