IMMOTRADING: 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.
IMMOTRADING
Largest movements
- Cash +€421,614
up €421,614 (+324%), from €130,263 to €551,877
mainly Receivables within one year (+€328,588) and Contributions, distributions and other (+€84,565)
- Receivables within one year -€328,588
down €328,588 (-86.4%), from €380,519 to €51,931
of which Other amounts receivable: -€339,267
- Tangible fixed assets -€77,347
down €77,347 (-7.5%), from €1.0m to €948,160
- Investment grants +€84,565
new in 2025: €84,565
- Profit (loss) carried forward +€46,106
up €46,106, from €0 to €46,106
- Reserves -€40,090
down €40,090 (-8.9%), from €448,474 to €408,384
of which Tax-exempt reserves: -€40,090
- Debts after one year -€37,271
down €37,271 (-6.9%), from €541,583 to €504,311
- Provisions -€20,643
down €20,643 (-9.5%), from €217,207 to €196,564
- Financial income +€8,395
up €8,395 (+839%), from €1,001 to €9,396
- Taxes -€6,432
down €6,432 (-34.7%), from €18,543 to €12,110
- Financial charges -€900
down €900 (-5.5%), from €16,374 to €15,474
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 | €1,536,919 | €1,552,597 | +€15,678 | +1.0% |
| Fixed assets | 21/28 | €1,026,138 | €948,790 | -€77,347 | -7.5% |
| Tangible fixed assets | 22/27 | €1,025,508 | €948,160 | -€77,347 | -7.5% |
| Land and buildings | 22 | €1,025,508 | €948,160 | -€77,347 | -7.5% |
| Financial fixed assets | 28 | €630 | €630 | = | 0.0% |
| Current assets | 29/58 | €510,781 | €603,807 | +€93,026 | +18.2% |
| Amounts receivable within one year | 40/41 | €380,519 | €51,931 | -€328,588 | -86.4% |
| Trade receivables | 40 | €39,580 | €50,259 | +€10,679 | +27.0% |
| Other amounts receivable | 41 | €340,939 | €1,672 | -€339,267 | -99.5% |
| Cash at bank and in hand | 54/58 | €130,263 | €551,877 | +€421,614 | +324% |
| Total equity and liabilities | 10/49 | €1,536,919 | €1,552,597 | +€15,678 | +1.0% |
| Equity | 10/15 | €714,960 | €805,541 | +€90,581 | +12.7% |
| Contributions | 10/11 | €266,486 | €266,486 | = | 0.0% |
| Capital | 10 | €266,486 | €266,486 | = | 0.0% |
| Issued capital | 100 | €266,486 | €266,486 | = | 0.0% |
| Reserves | 13 | €448,474 | €408,384 | -€40,090 | -8.9% |
| Non-distributable reserves | 130/1 | €26,649 | €26,649 | = | 0.0% |
| Legal reserve | 130 | €26,649 | €26,649 | = | 0.0% |
| Tax-exempt reserves | 132 | €421,826 | €381,735 | -€40,090 | -9.5% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €46,106 | +€46,106 | |
| Investment grants | 15 | - | €84,565 | +€84,565 | |
| Provisions and deferred taxes | 16 | €217,207 | €196,564 | -€20,643 | -9.5% |
| Deferred taxes | 168 | €217,207 | €196,564 | -€20,643 | -9.5% |
| Amounts payable | 17/49 | €604,752 | €550,492 | -€54,260 | -9.0% |
| Amounts payable after more than one year | 17 | €541,583 | €504,311 | -€37,271 | -6.9% |
| Financial debts | 170/4 | €541,583 | €504,311 | -€37,271 | -6.9% |
| Amounts payable within one year | 42/48 | €63,169 | €46,181 | -€16,988 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €36,330 | €37,271 | +€941 | +2.6% |
| Trade debts | 44 | €1,794 | €1,278 | -€516 | -28.8% |
| Suppliers | 440/4 | €1,794 | €1,278 | -€516 | -28.8% |
| Taxes, remuneration and social security | 45 | €24,863 | €7,631 | -€17,232 | -69.3% |
| Taxes | 450/3 | €24,863 | €7,631 | -€17,232 | -69.3% |
| Other amounts payable | 47/48 | €182 | - | -€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,347 | €77,347 | = | 0.0% |
| Other operating charges | 640/8 | €7,048 | €6,860 | -€188 | -2.7% |
| Gross operating margin | 9900 | €88,623 | €87,768 | -€854 | -1.0% |
| Operating profit (loss) | 9901 | €4,227 | €3,561 | -€666 | -15.8% |
| Financial income | 75/76B | €1,001 | €9,396 | +€8,395 | +839% |
| Recurring financial income | 75 | €1,001 | €9,396 | +€8,395 | +839% |
| Financial charges | 65/66B | €16,374 | €15,474 | -€900 | -5.5% |
| Recurring financial charges | 65 | €16,374 | €15,474 | -€900 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,146 | -€2,517 | +€8,629 | +77.4% |
| Transfer from deferred taxes | 780 | €20,643 | €20,643 | = | 0.0% |
| Income taxes | 67/77 | €18,543 | €12,110 | -€6,432 | -34.7% |
| Profit (loss) for the period | 9904 | -€9,045 | €6,016 | +€15,061 | |
| Transfer from tax-exempt reserves | 789 | €40,090 | €40,090 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,046 | €46,106 | +€15,061 | +48.5% |
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.