IMMOTWIN: 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.
IMMOTWIN
Largest movements
- Tangible fixed assets -€16,824
down €16,824 (-4.5%), from €376,454 to €359,630
- Cash +€8,961
up €8,961 (+34.9%), from €25,641 to €34,602
mainly Depreciation (+€16,824) and Net result for the year (+€6,777)
- Debts after one year -€17,596
down €17,596 (-25.0%), from €70,455 to €52,859
- Reserves +€6,700
up €6,700 (+27.0%), from €24,800 to €31,500
of which Distributable reserves: +€9,600
- Gross operating margin +€3,546
up €3,546 (+12.7%), from €27,855 to €31,402
- Taxes +€2,509
up €2,509 (+374%), from €671 to €3,180
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 | €404,401 | €394,747 | -€9,654 | -2.4% |
| Fixed assets | 21/28 | €376,454 | €359,630 | -€16,824 | -4.5% |
| Tangible fixed assets | 22/27 | €376,454 | €359,630 | -€16,824 | -4.5% |
| Land and buildings | 22 | €376,454 | €359,630 | -€16,824 | -4.5% |
| Current assets | 29/58 | €27,947 | €35,117 | +€7,170 | +25.7% |
| Amounts receivable within one year | 40/41 | €1,992 | €199 | -€1,793 | -90.0% |
| Trade receivables | 40 | €1,060 | - | -€1,060 | |
| Other amounts receivable | 41 | €932 | €199 | -€733 | -78.7% |
| Cash at bank and in hand | 54/58 | €25,641 | €34,602 | +€8,961 | +34.9% |
| Deferred charges and accrued income | 490/1 | €314 | €316 | +€2 | +0.7% |
| Total equity and liabilities | 10/49 | €404,401 | €394,747 | -€9,654 | -2.4% |
| Equity | 10/15 | €315,618 | €322,395 | +€6,777 | +2.1% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €24,800 | €31,500 | +€6,700 | +27.0% |
| Non-distributable reserves | 130/1 | €2,900 | - | -€2,900 | |
| Reserves not available under the articles | 1311 | €2,900 | - | -€2,900 | |
| Distributable reserves | 133 | €21,900 | €31,500 | +€9,600 | +43.8% |
| Profit (loss) carried forward | 14 | €818 | €895 | +€77 | +9.4% |
| Amounts payable | 17/49 | €88,782 | €72,352 | -€16,431 | -18.5% |
| Amounts payable after more than one year | 17 | €70,455 | €52,859 | -€17,596 | -25.0% |
| Financial debts | 170/4 | €70,455 | €52,859 | -€17,596 | -25.0% |
| Amounts payable within one year | 42/48 | €18,295 | €19,471 | +€1,176 | +6.4% |
| Current portion of amounts payable after more than one year | 42 | €17,309 | €17,596 | +€287 | +1.7% |
| Taxes, remuneration and social security | 45 | €901 | €1,875 | +€974 | +108% |
| Taxes | 450/3 | €901 | €1,875 | +€974 | +108% |
| Other amounts payable | 47/48 | €85 | - | -€85 | |
| Accrued charges and deferred income | 492/3 | €32 | €22 | -€11 | -33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,581 | €16,824 | +€243 | +1.5% |
| Other operating charges | 640/8 | €2,470 | €2,547 | +€77 | +3.1% |
| Gross operating margin | 9900 | €27,855 | €31,402 | +€3,546 | +12.7% |
| Operating profit (loss) | 9901 | €8,804 | €12,030 | +€3,226 | +36.6% |
| Financial charges | 65/66B | €1,888 | €2,073 | +€186 | +9.8% |
| Recurring financial charges | 65 | €1,888 | €2,073 | +€186 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €6,916 | €9,957 | +€3,041 | +44.0% |
| Income taxes | 67/77 | €671 | €3,180 | +€2,509 | +374% |
| Profit (loss) for the period | 9904 | €6,245 | €6,777 | +€532 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €6,245 | €6,777 | +€532 | +8.5% |
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 27 October 2026 via checked.be.