IMMOTRAD: 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.
IMMOTRAD
Largest movements
- Receivables within one year +€395,384
up €395,384 (+51.9%), from €761,315 to €1.2m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets -€20,541
down €20,541 (-17.1%), from €120,412 to €99,871
of which Land and buildings: -€15,473
- Trade debts +€250,904
up €250,904 (+54.7%), from €458,591 to €709,494
- Other debts +€117,942
up €117,942 (+52.9%), from €223,058 to €341,000
- Profit (loss) carried forward +€43,545
up €43,545 (+331.6%), from €13,132 to €56,677
- Debts after one year -€16,958
down €16,958 (-22.3%), from €76,092 to €59,134
of which Financial debts: -€14,051
- Advances received -€16,615
down €16,615 (-7.6%), from €219,546 to €202,932
- Gross operating margin +€64,825
up €64,825 (+38.6%), from €168,013 to €232,839
- Taxes +€16,368
up €16,368 (+2045.5%), from €800 to €17,169
- Financial charges -€6,287
down €6,287 (-74.4%), from €8,454 to €2,168
- Financial income +€3,713
up €3,713 (+3361.6%), from €110 to €3,823
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 | €1,038,295 | €1,423,804 | +€385,509 | +37.1% |
| Fixed assets | 21/28 | €126,262 | €105,721 | -€20,541 | -16.3% |
| Tangible fixed assets | 22/27 | €120,412 | €99,871 | -€20,541 | -17.1% |
| Land and buildings | 22 | €103,127 | €87,655 | -€15,473 | -15.0% |
| Plant, machinery and equipment | 23 | €2,606 | €2,255 | -€351 | -13.5% |
| Furniture and vehicles | 24 | €4,649 | €3,731 | -€918 | -19.7% |
| Leasing and similar rights | 25 | €10,030 | €6,230 | -€3,800 | -37.9% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €912,033 | €1,318,083 | +€406,050 | +44.5% |
| Amounts receivable within one year | 40/41 | €761,315 | €1,156,698 | +€395,384 | +51.9% |
| Trade receivables | 40 | €747,075 | €64,709 | -€682,366 | -91.3% |
| Other amounts receivable | 41 | €14,240 | €1,091,989 | +€1.1m | +7568.6% |
| Cash at bank and in hand | 54/58 | €150,322 | €160,976 | +€10,654 | +7.1% |
| Deferred charges and accrued income | 490/1 | €396 | €408 | +€12 | +3.0% |
| Total equity and liabilities | 10/49 | €1,038,295 | €1,423,804 | +€385,509 | +37.1% |
| Equity | 10/15 | €25,132 | €68,677 | +€43,545 | +173.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,132 | €56,677 | +€43,545 | +331.6% |
| Amounts payable | 17/49 | €1,013,163 | €1,355,127 | +€341,964 | +33.8% |
| Amounts payable after more than one year | 17 | €76,092 | €59,134 | -€16,958 | -22.3% |
| Financial debts | 170/4 | €73,186 | €59,134 | -€14,051 | -19.2% |
| Advances received on contracts in progress | 176 | €2,906 | - | -€2,906 | |
| Amounts payable within one year | 42/48 | €937,071 | €1,295,992 | +€358,922 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €18,101 | €14,701 | -€3,400 | -18.8% |
| Trade debts | 44 | €458,591 | €709,494 | +€250,904 | +54.7% |
| Suppliers | 440/4 | €458,591 | €709,494 | +€250,904 | +54.7% |
| Advances received on contracts in progress | 46 | €219,546 | €202,932 | -€16,615 | -7.6% |
| Taxes, remuneration and social security | 45 | €17,775 | €27,865 | +€10,090 | +56.8% |
| Taxes | 450/3 | €17,692 | €27,865 | +€10,173 | +57.5% |
| Remuneration and social security | 454/9 | €83 | - | -€83 | |
| Other amounts payable | 47/48 | €223,058 | €341,000 | +€117,942 | +52.9% |
| Non-recurring operating income | 76A | €97,866 | - | -€97,866 | |
| Remuneration, social security and pensions | 62 | - | €406 | +€406 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,908 | €21,704 | +€1,795 | +9.0% |
| Other operating charges | 640/8 | €2,231 | €1,671 | -€560 | -25.1% |
| Gross operating margin | 9900 | €168,013 | €232,839 | +€64,825 | +38.6% |
| Operating profit (loss) | 9901 | €145,875 | €209,058 | +€63,184 | +43.3% |
| Financial income | 75/76B | €110 | €3,823 | +€3,713 | +3361.6% |
| Recurring financial income | 75 | €110 | €3,823 | +€3,713 | +3361.6% |
| Financial charges | 65/66B | €8,454 | €2,168 | -€6,287 | -74.4% |
| Recurring financial charges | 65 | €8,454 | €2,168 | -€6,287 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €137,531 | €210,714 | +€73,183 | +53.2% |
| Income taxes | 67/77 | €800 | €17,169 | +€16,368 | +2045.5% |
| Profit (loss) for the period | 9904 | €136,730 | €193,545 | +€56,815 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €136,730 | €193,545 | +€56,815 | +41.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.