INDIMMO: 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.
What changed
INDIMMO
NACE 43.120, Site preparation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€157,352
2024 · €138,582+€18,770
Equity
€3.8m
2024 · €3.6m+€157,352
Cash
€71,887
2024 · €31,402+€40,484
Balance sheet total
€5.6m
2024 · €5.6m-€49,117
Largest movements
Assets
- Tangible fixed assets -€97,034
down €97,034 (-1.8%), from €5.5m to €5.4m
of which Land and buildings: -€345,334
Equity and liabilities
- Debts after one year -€168,310
down €168,310 (-10.9%), from €1.5m to €1.4m
- Reserves +€157,352
up €157,352 (+4.4%), from €3.6m to €3.7m
of which Distributable reserves: +€160,569
- Other debts -€101,525
down €101,525 (-85.5%), from €118,797 to €17,271
Income statement
- Gross operating margin +€15,345
up €15,345 (+2.2%), from €695,043 to €710,388
- Financial charges -€11,284
down €11,284 (-18.0%), from €62,598 to €51,314
- Taxes +€7,389
up €7,389 (+15.6%), from €47,222 to €54,610
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.
Result 2024
€138,582
Gross operating margin
+€15,345
Depreciation
+€5,417
Other operating charges
-€5,843
Financial income
-€44
Financial charges
+€11,284
Taxes
-€7,389
Result 2025
€157,352
raises the resultlowers the result
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.
From operations
+€457,236
Investment
-€270,483
Financing
-€146,269
Cash 2024
€31,402
From operations (derived)
+€457,236
Net result for the year
+€157,352
Depreciation
+€367,517
Receivables within one year
-€4,606
Deferred charges and accrued income
-€2,826
Provisions
-€1,072
Trade debts
+€29,122
Tax, wage and social debts
+€14,105
Other debts
-€101,525
Accrued charges and deferred income
-€830
Investment (derived)
-€270,483
Investment in fixed assets (net)
-€270,483
Financing
-€146,269
Debts after one year
-€168,310
Current portion of long-term debt
+€22,042
Cash 2025
€71,887
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,617,565 | €5,568,447 | -€49,117 | -0.9% |
| Fixed assets | 21/28 | €5,539,741 | €5,442,707 | -€97,034 | -1.8% |
| Tangible fixed assets | 22/27 | €5,539,741 | €5,442,707 | -€97,034 | -1.8% |
| Land and buildings | 22 | €5,280,345 | €4,935,011 | -€345,334 | -6.5% |
| Plant, machinery and equipment | 23 | €16,696 | €26,062 | +€9,366 | +56.1% |
| Furniture and vehicles | 24 | €67,588 | €51,599 | -€15,988 | -23.7% |
| Assets under construction and advance payments | 27 | €175,111 | €430,034 | +€254,923 | +146% |
| Current assets | 29/58 | €77,824 | €125,740 | +€47,916 | +61.6% |
| Amounts receivable within one year | 40/41 | €39,593 | €44,200 | +€4,606 | +11.6% |
| Trade receivables | 40 | €32,495 | €37,102 | +€4,606 | +14.2% |
| Other amounts receivable | 41 | €7,098 | €7,098 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,402 | €71,887 | +€40,484 | +129% |
| Deferred charges and accrued income | 490/1 | €6,828 | €9,654 | +€2,826 | +41.4% |
| Total equity and liabilities | 10/49 | €5,617,565 | €5,568,447 | -€49,117 | -0.9% |
| Equity | 10/15 | €3,607,658 | €3,765,010 | +€157,352 | +4.4% |
| Contributions | 10/11 | €26,921 | €26,921 | = | 0.0% |
| Reserves | 13 | €3,580,738 | €3,738,090 | +€157,352 | +4.4% |
| Tax-exempt reserves | 132 | €3,217 | €0 | -€3,217 | -100% |
| Distributable reserves | 133 | €3,577,521 | €3,738,090 | +€160,569 | +4.5% |
| Provisions and deferred taxes | 16 | €1,072 | €0 | -€1,072 | -100% |
| Deferred taxes | 168 | €1,072 | €0 | -€1,072 | -100% |
| Amounts payable | 17/49 | €2,008,834 | €1,803,437 | -€205,397 | -10.2% |
| Amounts payable after more than one year | 17 | €1,545,915 | €1,377,604 | -€168,310 | -10.9% |
| Financial debts | 170/4 | €1,545,915 | €1,377,604 | -€168,310 | -10.9% |
| Amounts payable within one year | 42/48 | €455,559 | €419,302 | -€36,257 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €326,010 | €348,052 | +€22,042 | +6.8% |
| Trade debts | 44 | €10,296 | €39,418 | +€29,122 | +283% |
| Suppliers | 440/4 | €10,296 | €39,418 | +€29,122 | +283% |
| Taxes, remuneration and social security | 45 | €456 | €14,561 | +€14,105 | +3,090% |
| Taxes | 450/3 | €456 | €14,561 | +€14,105 | +3,090% |
| Other amounts payable | 47/48 | €118,797 | €17,271 | -€101,525 | -85.5% |
| Accrued charges and deferred income | 492/3 | €7,360 | €6,530 | -€830 | -11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,934 | €367,517 | -€5,417 | -1.5% |
| Other operating charges | 640/8 | €74,832 | €80,676 | +€5,843 | +7.8% |
| Gross operating margin | 9900 | €695,043 | €710,388 | +€15,345 | +2.2% |
| Operating profit (loss) | 9901 | €247,277 | €262,196 | +€14,919 | +6.0% |
| Financial income | 75/76B | €53 | €8 | -€44 | -84.0% |
| Recurring financial income | 75 | €53 | €8 | -€44 | -84.0% |
| Financial charges | 65/66B | €62,598 | €51,314 | -€11,284 | -18.0% |
| Recurring financial charges | 65 | €62,598 | €51,314 | -€11,284 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €184,731 | €210,890 | +€26,159 | +14.2% |
| Transfer from deferred taxes | 780 | €1,072 | €1,072 | = | 0.0% |
| Income taxes | 67/77 | €47,222 | €54,610 | +€7,389 | +15.6% |
| Profit (loss) for the period | 9904 | €138,582 | €157,352 | +€18,770 | +13.5% |
| Transfer from tax-exempt reserves | 789 | €3,217 | €3,217 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €141,799 | €160,569 | +€18,770 | +13.2% |
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 17 October 2026 via checked.be.