IMMOMASTER: what changed
Two fiscal 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.
IMMOMASTER
Largest movements
- Tangible fixed assets -€119,287
down €119,287 (-6.5%), from €1.8m to €1.7m
of which Land and buildings: -€105,395
- Debts after one year -€143,316
down €143,316 (-12.3%), from €1.2m to €1.0m
- Other debts +€40,897
up €40,897 (+5.9%), from €697,202 to €738,099
- Profit (loss) carried forward -€20,097
down €20,097 (-5.8%), from -€344,795 to -€364,892
- Gross operating margin +€22,938
up €22,938 (+15.0%), from €153,070 to €176,008
- Financial charges -€10,651
down €10,651 (-16.1%), from €66,042 to €55,391
- Depreciation -€6,647
down €6,647 (-5.0%), from €134,036 to €127,389
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 | €1,876,450 | €1,740,171 | -€136,279 | -7.3% |
| Fixed assets | 21/28 | €1,835,104 | €1,715,817 | -€119,287 | -6.5% |
| Tangible fixed assets | 22/27 | €1,835,104 | €1,715,817 | -€119,287 | -6.5% |
| Land and buildings | 22 | €1,682,103 | €1,576,708 | -€105,395 | -6.3% |
| Plant, machinery and equipment | 23 | €133,927 | €120,419 | -€13,508 | -10.1% |
| Furniture and vehicles | 24 | €19,074 | €18,690 | -€384 | -2.0% |
| Current assets | 29/58 | €41,346 | €24,354 | -€16,992 | -41.1% |
| Amounts receivable within one year | 40/41 | €13,504 | €5,378 | -€8,126 | -60.2% |
| Trade receivables | 40 | €13,264 | €5,117 | -€8,147 | -61.4% |
| Other amounts receivable | 41 | €240 | €261 | +€21 | +8.6% |
| Cash at bank and in hand | 54/58 | €21,054 | €11,143 | -€9,910 | -47.1% |
| Deferred charges and accrued income | 490/1 | €6,789 | €7,833 | +€1,045 | +15.4% |
| Total equity and liabilities | 10/49 | €1,876,450 | €1,740,171 | -€136,279 | -7.3% |
| Equity | 10/15 | -€145,445 | -€165,542 | -€20,097 | -13.8% |
| Contributions | 10/11 | €108,500 | €108,500 | = | 0.0% |
| Capital | 10 | €108,500 | €108,500 | = | 0.0% |
| Issued capital | 100 | €108,500 | €108,500 | = | 0.0% |
| Reserves | 13 | €90,850 | €90,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,850 | €10,850 | = | 0.0% |
| Legal reserve | 130 | €10,850 | €10,850 | = | 0.0% |
| Distributable reserves | 133 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,795 | -€364,892 | -€20,097 | -5.8% |
| Amounts payable | 17/49 | €2,021,895 | €1,905,713 | -€116,183 | -5.7% |
| Amounts payable after more than one year | 17 | €1,164,501 | €1,021,184 | -€143,316 | -12.3% |
| Financial debts | 170/4 | €1,164,501 | €1,021,184 | -€143,316 | -12.3% |
| Amounts payable within one year | 42/48 | €849,868 | €881,903 | +€32,035 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €143,129 | €143,316 | +€188 | +0.1% |
| Trade debts | 44 | €9,537 | €488 | -€9,050 | -94.9% |
| Suppliers | 440/4 | €9,537 | €488 | -€9,050 | -94.9% |
| Other amounts payable | 47/48 | €697,202 | €738,099 | +€40,897 | +5.9% |
| Accrued charges and deferred income | 492/3 | €7,526 | €2,625 | -€4,901 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,036 | €127,389 | -€6,647 | -5.0% |
| Other operating charges | 640/8 | €12,553 | €13,394 | +€841 | +6.7% |
| Gross operating margin | 9900 | €153,070 | €176,008 | +€22,938 | +15.0% |
| Operating profit (loss) | 9901 | €6,482 | €35,225 | +€28,743 | +443.4% |
| Financial income | 75/76B | €117 | €69 | -€48 | -40.8% |
| Recurring financial income | 75 | €117 | €69 | -€48 | -40.8% |
| Financial charges | 65/66B | €66,042 | €55,391 | -€10,651 | -16.1% |
| Recurring financial charges | 65 | €66,042 | €55,391 | -€10,651 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€59,444 | -€20,097 | +€39,347 | +66.2% |
| Profit (loss) for the period | 9904 | -€59,444 | -€20,097 | +€39,347 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,444 | -€20,097 | +€39,347 | +66.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.