IMMOJULY: 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.
IMMOJULY
Largest movements
- Cash +€38,708
up €38,708 (+34.3%), from €112,839 to €151,546
mainly Net result for the year (+€34,105) and Tax, wage and social debts (+€3,275)
- Reserves +€34,105
up €34,105 (+16.5%), from €207,325 to €241,430
of which Distributable reserves: +€34,105
- Tax, wage and social debts +€3,275
up €3,275 (+406.8%), from €805 to €4,081
- Gross operating margin +€12,939
up €12,939 (+34.4%), from €37,662 to €50,601
- Turnover +€11,684
up €11,684 (+22.5%), from €52,000 to €63,684
- Taxes +€3,672
up €3,672 (+47.7%), from €7,696 to €11,368
- Purchases and services -€1,255
down €1,255 (-8.8%), from €14,338 to €13,083
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 | €270,130 | €307,920 | +€37,790 | +14.0% |
| Fixed assets | 21/28 | €154,933 | €154,933 | = | 0.0% |
| Tangible fixed assets | 22/27 | €154,933 | €154,933 | = | 0.0% |
| Land and buildings | 22 | €154,933 | €154,933 | = | 0.0% |
| Current assets | 29/58 | €115,197 | €152,987 | +€37,790 | +32.8% |
| Amounts receivable within one year | 40/41 | €1,511 | €1,440 | -€71 | -4.7% |
| Trade receivables | 40 | €71 | €1,440 | +€1,370 | +1940.0% |
| Other amounts receivable | 41 | €1,440 | - | -€1,440 | |
| Cash at bank and in hand | 54/58 | €112,839 | €151,546 | +€38,708 | +34.3% |
| Deferred charges and accrued income | 490/1 | €847 | - | -€847 | |
| Total equity and liabilities | 10/49 | €270,130 | €307,920 | +€37,790 | +14.0% |
| Equity | 10/15 | €269,325 | €303,430 | +€34,105 | +12.7% |
| 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 | €207,325 | €241,430 | +€34,105 | +16.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €201,125 | €235,230 | +€34,105 | +17.0% |
| Amounts payable | 17/49 | €805 | €4,490 | +€3,685 | +457.6% |
| Amounts payable within one year | 42/48 | €805 | €4,490 | +€3,685 | +457.6% |
| Trade debts | 44 | - | €410 | +€410 | |
| Suppliers | 440/4 | - | €410 | +€410 | |
| Taxes, remuneration and social security | 45 | €805 | €4,081 | +€3,275 | +406.8% |
| Taxes | 450/3 | €805 | €4,081 | +€3,275 | +406.8% |
| Turnover | 70 | €52,000 | €63,684 | +€11,684 | +22.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €14,338 | €13,083 | -€1,255 | -8.8% |
| Other operating charges | 640/8 | €3,163 | €3,660 | +€498 | +15.7% |
| Non-recurring operating charges | 66A | - | €1,260 | +€1,260 | |
| Gross operating margin | 9900 | €37,662 | €50,601 | +€12,939 | +34.4% |
| Operating profit (loss) | 9901 | €34,499 | €45,681 | +€11,182 | +32.4% |
| Financial charges | 65/66B | €261 | €207 | -€53 | -20.4% |
| Recurring financial charges | 65 | €261 | €207 | -€53 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €34,238 | €45,473 | +€11,235 | +32.8% |
| Income taxes | 67/77 | €7,696 | €11,368 | +€3,672 | +47.7% |
| Profit (loss) for the period | 9904 | €26,542 | €34,105 | +€7,563 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,542 | €34,105 | +€7,563 | +28.5% |
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 9 October 2026 via checked.be.