ImmoNeth: 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.
ImmoNeth
Largest movements
- Tangible fixed assets -€42,178
down €42,178 (-3.4%), from €1.2m to €1.2m
of which Land and buildings: -€36,409
- Receivables within one year +€16,507
up €16,507 (+132.6%), from €12,452 to €28,959
- Deferred charges and accrued income -€13,298
down €13,298 (-90.0%), from €14,776 to €1,477
- Reserves +€86,356
up €86,356 (+48.5%), from €178,092 to €264,448
- Debts after one year -€81,259
down €81,259 (-18.7%), from €433,535 to €352,276
- Tax, wage and social debts +€33,791
up €33,791 (+252.6%), from €13,379 to €47,169
- Accrued charges and deferred income -€28,865
down €28,865 (-100.0%), from €28,865 to €0
- Current portion of long-term debt -€19,593
down €19,593 (-18.5%), from €106,050 to €86,457
- Financial charges -€29,874
down €29,874 (-91.4%), from €32,688 to €2,814
- Other operating charges +€11,307
up €11,307 (+90.6%), from €12,483 to €23,789
- Depreciation -€7,317
down €7,317 (-15.2%), from €48,233 to €40,916
- Gross operating margin +€6,427
up €6,427 (+3.5%), from €181,239 to €187,666
- Taxes +€2,462
up €2,462 (+7.9%), from €31,329 to €33,791
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 | €1,258,483 | €1,220,929 | -€37,555 | -3.0% |
| Fixed assets | 21/28 | €1,230,532 | €1,188,354 | -€42,178 | -3.4% |
| Tangible fixed assets | 22/27 | €1,230,532 | €1,188,354 | -€42,178 | -3.4% |
| Land and buildings | 22 | €1,224,763 | €1,188,354 | -€36,409 | -3.0% |
| Plant, machinery and equipment | 23 | €100 | €0 | -€100 | -100.0% |
| Furniture and vehicles | 24 | €1,012 | €0 | -€1,012 | -100.0% |
| Other tangible fixed assets | 26 | €4,656 | €0 | -€4,656 | -100.0% |
| Current assets | 29/58 | €27,952 | €32,575 | +€4,623 | +16.5% |
| Amounts receivable within one year | 40/41 | €12,452 | €28,959 | +€16,507 | +132.6% |
| Trade receivables | 40 | €12,452 | €28,959 | +€16,507 | +132.6% |
| Cash at bank and in hand | 54/58 | €724 | €2,138 | +€1,414 | +195.2% |
| Deferred charges and accrued income | 490/1 | €14,776 | €1,477 | -€13,298 | -90.0% |
| Total equity and liabilities | 10/49 | €1,258,483 | €1,220,929 | -€37,555 | -3.0% |
| Equity | 10/15 | €388,092 | €474,448 | +€86,356 | +22.3% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €178,092 | €264,448 | +€86,356 | +48.5% |
| Distributable reserves | 133 | €178,092 | €264,448 | +€86,356 | +48.5% |
| Amounts payable | 17/49 | €870,391 | €746,481 | -€123,910 | -14.2% |
| Amounts payable after more than one year | 17 | €433,535 | €352,276 | -€81,259 | -18.7% |
| Financial debts | 170/4 | €433,535 | €352,276 | -€81,259 | -18.7% |
| Amounts payable within one year | 42/48 | €407,991 | €394,205 | -€13,786 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €106,050 | €86,457 | -€19,593 | -18.5% |
| Financial debts | 43 | €17,500 | €0 | -€17,500 | -100.0% |
| Credit institutions | 430/8 | €17,500 | €0 | -€17,500 | -100.0% |
| Trade debts | 44 | €4,255 | €1,912 | -€2,343 | -55.1% |
| Suppliers | 440/4 | €4,255 | €1,912 | -€2,343 | -55.1% |
| Taxes, remuneration and social security | 45 | €13,379 | €47,169 | +€33,791 | +252.6% |
| Taxes | 450/3 | €13,379 | €47,169 | +€33,791 | +252.6% |
| Other amounts payable | 47/48 | €266,808 | €258,667 | -€8,141 | -3.1% |
| Accrued charges and deferred income | 492/3 | €28,865 | €0 | -€28,865 | -100.0% |
| Non-recurring operating income | 76A | - | €42,187 | +€42,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,233 | €40,916 | -€7,317 | -15.2% |
| Other operating charges | 640/8 | €12,483 | €23,789 | +€11,307 | +90.6% |
| Gross operating margin | 9900 | €181,239 | €187,666 | +€6,427 | +3.5% |
| Operating profit (loss) | 9901 | €120,523 | €122,960 | +€2,437 | +2.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €32,688 | €2,814 | -€29,874 | -91.4% |
| Recurring financial charges | 65 | €32,688 | €2,814 | -€29,874 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €87,836 | €120,147 | +€32,311 | +36.8% |
| Income taxes | 67/77 | €31,329 | €33,791 | +€2,462 | +7.9% |
| Profit (loss) for the period | 9904 | €56,507 | €86,356 | +€29,849 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,507 | €86,356 | +€29,849 | +52.8% |
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 10 October 2026 via checked.be.