INDIMMO DEVELOPMENT: 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.
INDIMMO DEVELOPMENT
Largest movements
- Receivables within one year -€272,949
down €272,949 (-49.9%), from €546,478 to €273,529
of which Other amounts receivable: -€316,733
- Cash +€186,051
up €186,051 (+36.0%), from €517,373 to €703,424
mainly Net result for the year (+€529,513) and Trade debts (+€393,286)
- Tangible fixed assets +€137,690
up €137,690 (+6.7%), from €2.1m to €2.2m
of which Assets under construction and advance payments: +€285,267
- Debts after one year -€758,022
down €758,022 (-76.1%), from €996,107 to €238,085
- Profit (loss) carried forward +€548,632
up €548,632 (+846.2%), from €64,832 to €613,464
- Trade debts +€393,286
up €393,286 (+444.1%), from €88,563 to €481,849
- Other debts -€120,571
down €120,571 (-28.7%), from €420,491 to €299,920
- Tax, wage and social debts +€60,224
up €60,224 (+282.2%), from €21,338 to €81,562
- Financial income -€749,356
down €749,356 (-99.7%), from €751,431 to €2,075
of which Non-recurring financial income: -€749,637
- Write-downs -€692,139
down €692,139, from €506,762 to -€185,377
- Gross operating margin -€552,101
down €552,101 (-39.3%), from €1.4m to €853,098
- Taxes -€145,797
down €145,797 (-43.7%), from €333,338 to €187,541
- Financial charges -€44,409
down €44,409 (-93.2%), from €47,668 to €3,259
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 | €3,367,800 | €3,412,345 | +€44,545 | +1.3% |
| Fixed assets | 21/28 | €2,065,852 | €2,203,542 | +€137,690 | +6.7% |
| Tangible fixed assets | 22/27 | €2,065,852 | €2,203,542 | +€137,690 | +6.7% |
| Land and buildings | 22 | €2,065,852 | €1,918,276 | -€147,577 | -7.1% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Assets under construction and advance payments | 27 | - | €285,267 | +€285,267 | |
| Current assets | 29/58 | €1,301,948 | €1,208,803 | -€93,145 | -7.2% |
| Amounts receivable after more than one year | 29 | €231,351 | €226,175 | -€5,176 | -2.2% |
| Other amounts receivable | 291 | €231,351 | €226,175 | -€5,176 | -2.2% |
| Amounts receivable within one year | 40/41 | €546,478 | €273,529 | -€272,949 | -49.9% |
| Trade receivables | 40 | €145,088 | €188,871 | +€43,784 | +30.2% |
| Other amounts receivable | 41 | €401,391 | €84,658 | -€316,733 | -78.9% |
| Cash at bank and in hand | 54/58 | €517,373 | €703,424 | +€186,051 | +36.0% |
| Deferred charges and accrued income | 490/1 | €6,746 | €5,675 | -€1,071 | -15.9% |
| Total equity and liabilities | 10/49 | €3,367,800 | €3,412,345 | +€44,545 | +1.3% |
| Equity | 10/15 | €1,512,158 | €2,041,670 | +€529,513 | +35.0% |
| Contributions | 10/11 | €257,122 | €257,122 | = | 0.0% |
| Capital | 10 | €257,122 | €257,122 | = | 0.0% |
| Issued capital | 100 | €257,122 | €257,122 | = | 0.0% |
| Reserves | 13 | €1,190,204 | €1,171,085 | -€19,119 | -1.6% |
| Non-distributable reserves | 130/1 | €25,712 | €25,712 | = | 0.0% |
| Legal reserve | 130 | €25,712 | €25,712 | = | 0.0% |
| Tax-exempt reserves | 132 | €938,901 | €919,782 | -€19,119 | -2.0% |
| Distributable reserves | 133 | €225,591 | €225,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,832 | €613,464 | +€548,632 | +846.2% |
| Provisions and deferred taxes | 16 | €155,074 | €148,701 | -€6,373 | -4.1% |
| Deferred taxes | 168 | €155,074 | €148,701 | -€6,373 | -4.1% |
| Amounts payable | 17/49 | €1,700,569 | €1,221,974 | -€478,594 | -28.1% |
| Amounts payable after more than one year | 17 | €996,107 | €238,085 | -€758,022 | -76.1% |
| Other amounts payable | 178/9 | €996,107 | €238,085 | -€758,022 | -76.1% |
| Amounts payable within one year | 42/48 | €530,392 | €863,331 | +€332,939 | +62.8% |
| Trade debts | 44 | €88,563 | €481,849 | +€393,286 | +444.1% |
| Suppliers | 440/4 | €88,563 | €481,849 | +€393,286 | +444.1% |
| Taxes, remuneration and social security | 45 | €21,338 | €81,562 | +€60,224 | +282.2% |
| Taxes | 450/3 | €21,338 | €81,562 | +€60,224 | +282.2% |
| Other amounts payable | 47/48 | €420,491 | €299,920 | -€120,571 | -28.7% |
| Accrued charges and deferred income | 492/3 | €174,070 | €120,558 | -€53,512 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,151 | €147,616 | -€5,536 | -3.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €506,762 | -€185,377 | -€692,139 | |
| Other operating charges | 640/8 | €146,746 | €178,996 | +€32,249 | +22.0% |
| Gross operating margin | 9900 | €1,405,199 | €853,098 | -€552,101 | -39.3% |
| Operating profit (loss) | 9901 | €598,540 | €711,864 | +€113,324 | +18.9% |
| Financial income | 75/76B | €751,431 | €2,075 | -€749,356 | -99.7% |
| Recurring financial income | 75 | €1,794 | €2,075 | +€281 | +15.7% |
| Non-recurring financial income | 76B | €749,637 | - | -€749,637 | |
| Financial charges | 65/66B | €47,668 | €3,259 | -€44,409 | -93.2% |
| Recurring financial charges | 65 | €47,668 | €3,259 | -€44,409 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €1,302,304 | €710,680 | -€591,623 | -45.4% |
| Transfer from deferred taxes | 780 | €6,376 | €6,373 | -€3 | 0.0% |
| Income taxes | 67/77 | €333,338 | €187,541 | -€145,797 | -43.7% |
| Profit (loss) for the period | 9904 | €975,341 | €529,513 | -€445,829 | -45.7% |
| Transfer from tax-exempt reserves | 789 | €19,127 | €19,119 | -€8 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €471,520 | - | -€471,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €522,948 | €548,632 | +€25,684 | +4.9% |
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 29 September 2026 via checked.be.