IMMOSYNDIC & PARTNERS: 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.
IMMOSYNDIC & PARTNERS
Largest movements
- Receivables within one year +€35,365
up €35,365 (+287%), from €12,338 to €47,703
of which Trade receivables: +€43,112
- Tangible fixed assets -€9,573
down €9,573 (-53.6%), from €17,849 to €8,277
of which Other tangible fixed assets: -€10,048
- Cash +€7,882
up €7,882 (+21.7%), from €36,324 to €44,206
mainly Trade debts (+€59,482) and Depreciation (+€11,959)
- Deferred charges and accrued income +€5,560
up €5,560 (+6,480%), from €86 to €5,646
- Trade debts +€59,482
up €59,482 (+745%), from €7,981 to €67,463
- Tax, wage and social debts -€15,456
down €15,456 (-46.1%), from €33,528 to €18,072
of which Taxes: -€13,407
- Current portion of long-term debt -€4,448
down €4,448 (-57.9%), from €7,689 to €3,241
- Profit (loss) carried forward +€4,051
up €4,051 (+26.9%), from -€15,065 to -€11,014
- Debts after one year -€3,241
no longer reported in 2025 (was €3,241)
- Gross operating margin -€33,847
down €33,847 (-33.0%), from €102,458 to €68,611
- Taxes -€9,481
down €9,481 (-82.9%), from €11,440 to €1,959
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 | €66,597 | €105,831 | +€39,235 | +58.9% |
| Fixed assets | 21/28 | €17,849 | €8,277 | -€9,573 | -53.6% |
| Tangible fixed assets | 22/27 | €17,849 | €8,277 | -€9,573 | -53.6% |
| Furniture and vehicles | 24 | €4,697 | €5,172 | +€475 | +10.1% |
| Other tangible fixed assets | 26 | €13,152 | €3,105 | -€10,048 | -76.4% |
| Current assets | 29/58 | €48,748 | €97,555 | +€48,807 | +100% |
| Amounts receivable within one year | 40/41 | €12,338 | €47,703 | +€35,365 | +287% |
| Trade receivables | 40 | €4,164 | €47,276 | +€43,112 | +1,035% |
| Other amounts receivable | 41 | €8,174 | €428 | -€7,746 | -94.8% |
| Cash at bank and in hand | 54/58 | €36,324 | €44,206 | +€7,882 | +21.7% |
| Deferred charges and accrued income | 490/1 | €86 | €5,646 | +€5,560 | +6,480% |
| Total equity and liabilities | 10/49 | €66,597 | €105,831 | +€39,235 | +58.9% |
| Equity | 10/15 | -€8,865 | -€4,814 | +€4,051 | +45.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,065 | -€11,014 | +€4,051 | +26.9% |
| Amounts payable | 17/49 | €75,462 | €110,646 | +€35,184 | +46.6% |
| Amounts payable after more than one year | 17 | €3,241 | - | -€3,241 | |
| Financial debts | 170/4 | €3,241 | - | -€3,241 | |
| Amounts payable within one year | 42/48 | €72,221 | €110,646 | +€38,424 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €7,689 | €3,241 | -€4,448 | -57.9% |
| Financial debts | 43 | €1,083 | €830 | -€253 | -23.3% |
| Credit institutions | 430/8 | €1,083 | €830 | -€253 | -23.3% |
| Trade debts | 44 | €7,981 | €67,463 | +€59,482 | +745% |
| Suppliers | 440/4 | €7,981 | €67,463 | +€59,482 | +745% |
| Taxes, remuneration and social security | 45 | €33,528 | €18,072 | -€15,456 | -46.1% |
| Taxes | 450/3 | €23,810 | €10,403 | -€13,407 | -56.3% |
| Remuneration and social security | 454/9 | €9,719 | €7,669 | -€2,049 | -21.1% |
| Other amounts payable | 47/48 | €21,941 | €21,040 | -€901 | -4.1% |
| Remuneration, social security and pensions | 62 | €49,452 | €49,360 | -€92 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,185 | €11,959 | -€226 | -1.9% |
| Other operating charges | 640/8 | €793 | €864 | +€71 | +9.0% |
| Gross operating margin | 9900 | €102,458 | €68,611 | -€33,847 | -33.0% |
| Operating profit (loss) | 9901 | €40,028 | €6,428 | -€33,600 | -83.9% |
| Financial income | 75/76B | €11 | €3 | -€9 | -76.6% |
| Recurring financial income | 75 | €11 | €3 | -€9 | -76.6% |
| Financial charges | 65/66B | €477 | €421 | -€56 | -11.7% |
| Recurring financial charges | 65 | €477 | €421 | -€56 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €39,563 | €6,010 | -€33,553 | -84.8% |
| Income taxes | 67/77 | €11,440 | €1,959 | -€9,481 | -82.9% |
| Profit (loss) for the period | 9904 | €28,123 | €4,051 | -€24,072 | -85.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,123 | €4,051 | -€24,072 | -85.6% |
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 29 October 2026 via checked.be.