ImmoNico: 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.
ImmoNico
Largest movements
- Cash +€27,707
up €27,707 (+79.6%), from €34,817 to €62,523
mainly Net result for the year (+€30,734) and Depreciation (+€16,309)
- Tangible fixed assets -€6,053
down €6,053 (-8.2%), from €73,534 to €67,481
of which Other tangible fixed assets: -€7,698
- Intangible fixed assets -€5,000
down €5,000 (-84.5%), from €5,918 to €918
- Receivables within one year +€3,000
up €3,000 (+11.3%), from €26,561 to €29,561
of which Trade receivables: +€2,975
- Deferred charges and accrued income +€1,703
up €1,703 (+71.9%), from €2,370 to €4,073
- Reserves +€71,682
up €71,682 (+658.0%), from €10,894 to €82,576
of which Distributable reserves: +€71,682
- Profit (loss) carried forward -€40,948
down €40,948 (-100.0%), from €40,948 to €0
- Debts after one year -€9,949
down €9,949 (-32.7%), from €30,406 to €20,457
- Trade debts -€4,870
down €4,870 (-100.0%), from €4,870 to €0
- Tax, wage and social debts +€2,687
up €2,687 (+8.8%), from €30,468 to €33,155
of which Remuneration and social security: +€4,873
- Purchases and services +€90,615
up €90,615 (+32.3%), from €280,707 to €371,322
- Gross operating margin +€23,206
up €23,206 (+26.7%), from €87,045 to €110,250
- Staff costs -€5,137
down €5,137 (-10.5%), from €49,105 to €43,969
- Taxes +€4,207
up €4,207 (+41.9%), from €10,042 to €14,249
- Depreciation -€2,056
down €2,056 (-11.2%), from €18,365 to €16,309
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 | €143,578 | €164,935 | +€21,357 | +14.9% |
| Fixed assets | 21/28 | €79,831 | €68,777 | -€11,053 | -13.8% |
| Intangible fixed assets | 21 | €5,918 | €918 | -€5,000 | -84.5% |
| Tangible fixed assets | 22/27 | €73,534 | €67,481 | -€6,053 | -8.2% |
| Plant, machinery and equipment | 23 | - | €1,939 | +€1,939 | |
| Furniture and vehicles | 24 | €10,180 | €9,886 | -€294 | -2.9% |
| Other tangible fixed assets | 26 | €63,354 | €55,656 | -€7,698 | -12.2% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €63,747 | €96,158 | +€32,410 | +50.8% |
| Amounts receivable within one year | 40/41 | €26,561 | €29,561 | +€3,000 | +11.3% |
| Trade receivables | 40 | €26,486 | €29,461 | +€2,975 | +11.2% |
| Other amounts receivable | 41 | €75 | €100 | +€25 | +33.6% |
| Cash at bank and in hand | 54/58 | €34,817 | €62,523 | +€27,707 | +79.6% |
| Deferred charges and accrued income | 490/1 | €2,370 | €4,073 | +€1,703 | +71.9% |
| Total equity and liabilities | 10/49 | €143,578 | €164,935 | +€21,357 | +14.9% |
| Equity | 10/15 | €64,243 | €94,976 | +€30,734 | +47.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,894 | €82,576 | +€71,682 | +658.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €6,894 | €78,576 | +€71,682 | +1039.7% |
| Profit (loss) carried forward | 14 | €40,948 | €0 | -€40,948 | -100.0% |
| Amounts payable | 17/49 | €79,335 | €69,959 | -€9,376 | -11.8% |
| Amounts payable after more than one year | 17 | €30,406 | €20,457 | -€9,949 | -32.7% |
| Financial debts | 170/4 | €30,406 | €20,457 | -€9,949 | -32.7% |
| Amounts payable within one year | 42/48 | €48,929 | €48,586 | -€344 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €9,482 | €9,949 | +€467 | +4.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,870 | €0 | -€4,870 | -100.0% |
| Suppliers | 440/4 | €4,870 | €0 | -€4,870 | -100.0% |
| Taxes, remuneration and social security | 45 | €30,468 | €33,155 | +€2,687 | +8.8% |
| Taxes | 450/3 | €25,054 | €22,867 | -€2,186 | -8.7% |
| Remuneration and social security | 454/9 | €5,414 | €10,288 | +€4,873 | +90.0% |
| Other amounts payable | 47/48 | €4,109 | €5,482 | +€1,373 | +33.4% |
| Accrued charges and deferred income | 492/3 | - | €916 | +€916 | |
| Non-recurring operating income | 76A | €28 | €17,470 | +€17,442 | +61938.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €280,707 | €371,322 | +€90,615 | +32.3% |
| Remuneration, social security and pensions | 62 | €49,105 | €43,969 | -€5,137 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,365 | €16,309 | -€2,056 | -11.2% |
| Other operating charges | 640/8 | €791 | €1,357 | +€567 | +71.7% |
| Non-recurring operating charges | 66A | €53 | €0 | -€53 | -99.9% |
| Gross operating margin | 9900 | €87,045 | €110,250 | +€23,206 | +26.7% |
| Operating profit (loss) | 9901 | €18,731 | €48,615 | +€29,884 | +159.5% |
| Financial income | 75/76B | €55 | €60 | +€5 | +9.3% |
| Recurring financial income | 75 | €55 | €60 | +€5 | +9.3% |
| Financial charges | 65/66B | €3,709 | €3,692 | -€17 | -0.5% |
| Recurring financial charges | 65 | €3,511 | €3,692 | +€181 | +5.2% |
| Non-recurring financial charges | 66B | €198 | €0 | -€198 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €15,077 | €44,983 | +€29,906 | +198.4% |
| Income taxes | 67/77 | €10,042 | €14,249 | +€4,207 | +41.9% |
| Profit (loss) for the period | 9904 | €5,034 | €30,734 | +€25,699 | +510.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,034 | €30,734 | +€25,699 | +510.5% |
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 11 October 2026 via checked.be.