IMMONTGOMERY: 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.
What changed
IMMONTGOMERY
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€57,952
2024 · €47,860+€10,092
Equity
€1.5m
2024 · €1.4m+€57,952
Cash
€30,317
2024 · €25,759+€4,558
Balance sheet total
€4.2m
2024 · €4.5m-€224,355
Largest movements
Assets
- Tangible fixed assets -€178,721
down €178,721 (-5.7%), from €3.1m to €3.0m
- Receivables after one year -€176,685
down €176,685 (-21.3%), from €830,055 to €653,370
- Receivables within one year +€137,499
up €137,499 (+30.2%), from €455,273 to €592,771
of which Other amounts receivable: +€142,907
Equity and liabilities
- Debts after one year -€323,540
down €323,540 (-15.7%), from €2.1m to €1.7m
- Other debts +€60,718
up €60,718 (+9.8%), from €619,176 to €679,894
- Profit (loss) carried forward +€57,952
up €57,952 (+63.8%), from €90,903 to €148,855
Income statement
- Taxes -€36,263
down €36,263 (-65.2%), from €55,580 to €19,317
- Gross operating margin -€33,959
down €33,959 (-9.6%), from €354,343 to €320,384
- Financial charges -€7,932
down €7,932 (-8.5%), from €92,813 to €84,881
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.
Result 2024
€47,860
Gross operating margin
-€33,959
Depreciation
-€487
Other operating charges
-€808
Financial income
+€1,152
Financial charges
+€7,932
Taxes
+€36,263
Result 2025
€57,952
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.
From operations
+€326,828
Investment
-€2,542
Financing
-€319,728
Cash 2024
€25,759
From operations (derived)
+€326,828
Net result for the year
+€57,952
Depreciation
+€181,264
Receivables after one year
+€176,685
Receivables within one year
-€137,499
Deferred charges and accrued income
+€11,005
Smaller working-capital items
+€92
Tax, wage and social debts
-€23,389
Other debts
+€60,718
Investment (derived)
-€2,542
Investment in fixed assets (net)
-€2,542
Financing
-€319,728
Debts after one year
-€323,540
Current portion of long-term debt
+€9,176
Short-term financial debts
-€5,363
Cash 2025
€30,317
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,461,768 | €4,237,413 | -€224,355 | -5.0% |
| Fixed assets | 21/28 | €3,139,455 | €2,960,734 | -€178,721 | -5.7% |
| Tangible fixed assets | 22/27 | €3,139,455 | €2,960,734 | -€178,721 | -5.7% |
| Land and buildings | 22 | €3,139,455 | €2,960,734 | -€178,721 | -5.7% |
| Current assets | 29/58 | €1,322,313 | €1,276,679 | -€45,634 | -3.5% |
| Amounts receivable after more than one year | 29 | €830,055 | €653,370 | -€176,685 | -21.3% |
| Other amounts receivable | 291 | €830,055 | €653,370 | -€176,685 | -21.3% |
| Amounts receivable within one year | 40/41 | €455,273 | €592,771 | +€137,499 | +30.2% |
| Trade receivables | 40 | €6,833 | €1,425 | -€5,408 | -79.1% |
| Other amounts receivable | 41 | €448,439 | €591,346 | +€142,907 | +31.9% |
| Cash at bank and in hand | 54/58 | €25,759 | €30,317 | +€4,558 | +17.7% |
| Deferred charges and accrued income | 490/1 | €11,226 | €221 | -€11,005 | -98.0% |
| Total equity and liabilities | 10/49 | €4,461,768 | €4,237,413 | -€224,355 | -5.0% |
| Equity | 10/15 | €1,397,518 | €1,455,470 | +€57,952 | +4.1% |
| Contributions | 10/11 | €1,241,138 | €1,241,138 | = | 0.0% |
| Reserves | 13 | €65,477 | €65,477 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,617 | €17,617 | = | 0.0% |
| Reserves not available under the articles | 1311 | €17,617 | €17,617 | = | 0.0% |
| Distributable reserves | 133 | €47,860 | €47,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,903 | €148,855 | +€57,952 | +63.8% |
| Amounts payable | 17/49 | €3,064,250 | €2,781,943 | -€282,307 | -9.2% |
| Amounts payable after more than one year | 17 | €2,063,652 | €1,740,111 | -€323,540 | -15.7% |
| Financial debts | 170/4 | €2,063,652 | €1,740,111 | -€323,540 | -15.7% |
| Amounts payable within one year | 42/48 | €998,573 | €1,039,656 | +€41,083 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €314,365 | €323,540 | +€9,176 | +2.9% |
| Financial debts | 43 | €12,358 | €6,994 | -€5,363 | -43.4% |
| Credit institutions | 430/8 | €12,358 | €6,994 | -€5,363 | -43.4% |
| Trade debts | 44 | €104 | €45 | -€59 | -56.5% |
| Suppliers | 440/4 | €104 | €45 | -€59 | -56.5% |
| Taxes, remuneration and social security | 45 | €52,572 | €29,183 | -€23,389 | -44.5% |
| Taxes | 450/3 | €52,572 | €29,183 | -€23,389 | -44.5% |
| Other amounts payable | 47/48 | €619,176 | €679,894 | +€60,718 | +9.8% |
| Accrued charges and deferred income | 492/3 | €2,025 | €2,175 | +€150 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,777 | €181,264 | +€487 | +0.3% |
| Other operating charges | 640/8 | €14,552 | €15,360 | +€808 | +5.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €354,343 | €320,384 | -€33,959 | -9.6% |
| Operating profit (loss) | 9901 | €159,015 | €123,761 | -€35,254 | -22.2% |
| Financial income | 75/76B | €37,238 | €38,389 | +€1,152 | +3.1% |
| Recurring financial income | 75 | €37,238 | €38,389 | +€1,152 | +3.1% |
| Financial charges | 65/66B | €92,813 | €84,881 | -€7,932 | -8.5% |
| Recurring financial charges | 65 | €92,813 | €84,881 | -€7,932 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €103,440 | €77,269 | -€26,171 | -25.3% |
| Income taxes | 67/77 | €55,580 | €19,317 | -€36,263 | -65.2% |
| Profit (loss) for the period | 9904 | €47,860 | €57,952 | +€10,092 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €47,860 | €57,952 | +€10,092 | +21.1% |
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 29 September 2026 via checked.be.