IMMOSMASH: 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.
IMMOSMASH
Largest movements
- Cash +€57,936
up €57,936 (+39.5%), from €146,526 to €204,462
mainly Net result for the year (+€27,928) and Depreciation (+€27,330)
- Tangible fixed assets -€27,330
down €27,330 (-2.1%), from €1.3m to €1.3m
of which Land and buildings: -€20,000
- Profit (loss) carried forward +€27,928
up €27,928 (+5.0%), from -€553,617 to -€525,689
- Gross operating margin -€6,526
down €6,526 (-9.1%), from €71,774 to €65,248
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.
Derived cash bridge
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 | €1,443,559 | €1,469,587 | +€26,028 | +1.8% |
| Fixed assets | 21/28 | €1,282,136 | €1,254,805 | -€27,330 | -2.1% |
| Tangible fixed assets | 22/27 | €1,282,136 | €1,254,805 | -€27,330 | -2.1% |
| Land and buildings | 22 | €1,238,070 | €1,218,070 | -€20,000 | -1.6% |
| Plant, machinery and equipment | 23 | €44,065 | €36,735 | -€7,330 | -16.6% |
| Current assets | 29/58 | €161,423 | €214,781 | +€53,358 | +33.1% |
| Amounts receivable within one year | 40/41 | €9,147 | €10,319 | +€1,172 | +12.8% |
| Trade receivables | 40 | €8,582 | €9,754 | +€1,172 | +13.7% |
| Other amounts receivable | 41 | €565 | €565 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €146,526 | €204,462 | +€57,936 | +39.5% |
| Deferred charges and accrued income | 490/1 | €5,750 | - | -€5,750 | |
| Total equity and liabilities | 10/49 | €1,443,559 | €1,469,587 | +€26,028 | +1.8% |
| Equity | 10/15 | €409,142 | €437,070 | +€27,928 | +6.8% |
| Contributions | 10/11 | €312,400 | €312,400 | = | 0.0% |
| Revaluation surpluses | 12 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €359 | €359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €359 | €359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €359 | €359 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€553,617 | -€525,689 | +€27,928 | +5.0% |
| Amounts payable | 17/49 | €1,034,417 | €1,032,517 | -€1,900 | -0.2% |
| Amounts payable within one year | 42/48 | €1,034,417 | €1,032,517 | -€1,900 | -0.2% |
| Trade debts | 44 | €1,900 | - | -€1,900 | |
| Suppliers | 440/4 | €1,900 | - | -€1,900 | |
| Other amounts payable | 47/48 | €1,032,517 | €1,032,517 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,330 | €27,330 | = | 0.0% |
| Other operating charges | 640/8 | €9,577 | €9,849 | +€273 | +2.8% |
| Gross operating margin | 9900 | €71,774 | €65,248 | -€6,526 | -9.1% |
| Operating profit (loss) | 9901 | €34,867 | €28,068 | -€6,798 | -19.5% |
| Financial charges | 65/66B | €153 | €140 | -€13 | -8.4% |
| Recurring financial charges | 65 | €153 | €140 | -€13 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €34,713 | €27,928 | -€6,785 | -19.5% |
| Profit (loss) for the period | 9904 | €34,713 | €27,928 | -€6,785 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,713 | €27,928 | -€6,785 | -19.5% |
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 13 October 2026 via checked.be.