IMMOTEO: 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.
IMMOTEO
Largest movements
- Tangible fixed assets +€93,938
up €93,938 (+280.9%), from €33,443 to €127,381
of which Land and buildings: +€97,247
- Cash -€49,887
down €49,887 (-85.6%), from €58,301 to €8,413
mainly Investment in fixed assets (net) (-€112,500) and Receivables within one year (-€3,538)
- Receivables within one year +€3,538
up €3,538 (+707.7%), from €500 to €4,038
of which Other amounts receivable: +€3,500
- Other debts +€50,033
up €50,033 (+8338.8%), from €600 to €50,633
- Profit (loss) carried forward -€1,945
down €1,945 (-3.4%), from €56,374 to €54,429
- Depreciation +€11,380
up €11,380 (+158.4%), from €7,182 to €18,562
- Taxes -€6,014
down €6,014 (-99.5%), from €6,047 to €33
- Gross operating margin -€4,169
down €4,169 (-19.4%), from €21,530 to €17,360
- Other operating charges +€400
new in 2025: €400
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 | €97,134 | €144,722 | +€47,589 | +49.0% |
| Fixed assets | 21/28 | €33,443 | €127,381 | +€93,938 | +280.9% |
| Tangible fixed assets | 22/27 | €33,443 | €127,381 | +€93,938 | +280.9% |
| Land and buildings | 22 | €29,406 | €126,653 | +€97,247 | +330.7% |
| Plant, machinery and equipment | 23 | €4,037 | €728 | -€3,309 | -82.0% |
| Current assets | 29/58 | €63,691 | €17,342 | -€46,349 | -72.8% |
| Amounts receivable within one year | 40/41 | €500 | €4,038 | +€3,538 | +707.7% |
| Trade receivables | 40 | - | €38 | +€38 | |
| Other amounts receivable | 41 | €500 | €4,000 | +€3,500 | +700.0% |
| Cash at bank and in hand | 54/58 | €58,301 | €8,413 | -€49,887 | -85.6% |
| Deferred charges and accrued income | 490/1 | €4,890 | €4,890 | = | 0.0% |
| Total equity and liabilities | 10/49 | €97,134 | €144,722 | +€47,589 | +49.0% |
| Equity | 10/15 | €96,034 | €94,089 | -€1,945 | -2.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Outside capital | 11 | €6,300 | €6,300 | = | 0.0% |
| Other | 1109/19 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €33,360 | €33,360 | = | 0.0% |
| Distributable reserves | 133 | €33,360 | €33,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,374 | €54,429 | -€1,945 | -3.4% |
| Amounts payable | 17/49 | €1,100 | €50,633 | +€49,533 | +4503.0% |
| Amounts payable within one year | 42/48 | €1,100 | €50,633 | +€49,533 | +4503.0% |
| Taxes, remuneration and social security | 45 | €500 | - | -€500 | |
| Taxes | 450/3 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €600 | €50,633 | +€50,033 | +8338.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,182 | €18,562 | +€11,380 | +158.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €21,530 | €17,360 | -€4,169 | -19.4% |
| Operating profit (loss) | 9901 | €14,347 | -€1,602 | -€15,949 | |
| Financial charges | 65/66B | €215 | €310 | +€95 | +44.0% |
| Recurring financial charges | 65 | €215 | €310 | +€95 | +44.0% |
| Profit (loss) for the period before taxes | 9903 | €14,132 | -€1,911 | -€16,044 | |
| Income taxes | 67/77 | €6,047 | €33 | -€6,014 | -99.5% |
| Profit (loss) for the period | 9904 | €8,086 | -€1,945 | -€10,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,086 | -€1,945 | -€10,030 |
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 1 October 2026 via checked.be.