L'IMMOBILIARE: 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.
L'IMMOBILIARE
Largest movements
- Tangible fixed assets -€22,778
down €22,778 (-4.2%), from €537,393 to €514,615
- Debts after one year -€22,733
down €22,733 (-6.0%), from €377,795 to €355,062
- Profit (loss) carried forward -€6,533
down €6,533 (-31.9%), from -€20,493 to -€27,026
- Gross operating margin +€13,265
up €13,265 (+46.4%), from €28,578 to €41,843
- Depreciation +€5,896
up €5,896 (+24.2%), from €24,353 to €30,249
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 | €539,518 | €518,933 | -€20,585 | -3.8% |
| Fixed assets | 21/28 | €537,393 | €514,615 | -€22,778 | -4.2% |
| Tangible fixed assets | 22/27 | €537,393 | €514,615 | -€22,778 | -4.2% |
| Land and buildings | 22 | €537,393 | €514,615 | -€22,778 | -4.2% |
| Current assets | 29/58 | €2,125 | €4,318 | +€2,193 | +103% |
| Amounts receivable within one year | 40/41 | - | €3,267 | +€3,267 | |
| Trade receivables | 40 | - | €3,267 | +€3,267 | |
| Cash at bank and in hand | 54/58 | €1,912 | €691 | -€1,221 | -63.9% |
| Deferred charges and accrued income | 490/1 | €213 | €360 | +€147 | +69.0% |
| Total equity and liabilities | 10/49 | €539,518 | €518,933 | -€20,585 | -3.8% |
| Equity | 10/15 | -€10,493 | -€17,026 | -€6,533 | -62.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,493 | -€27,026 | -€6,533 | -31.9% |
| Amounts payable | 17/49 | €550,011 | €535,959 | -€14,052 | -2.6% |
| Amounts payable after more than one year | 17 | €377,795 | €355,062 | -€22,733 | -6.0% |
| Financial debts | 170/4 | €377,795 | €355,062 | -€22,733 | -6.0% |
| Amounts payable within one year | 42/48 | €172,216 | €180,897 | +€8,681 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €21,824 | €22,734 | +€910 | +4.2% |
| Trade debts | 44 | €7,544 | €12,631 | +€5,087 | +67.4% |
| Suppliers | 440/4 | €7,544 | €12,631 | +€5,087 | +67.4% |
| Taxes, remuneration and social security | 45 | €2,464 | €2,148 | -€316 | -12.8% |
| Taxes | 450/3 | €2,464 | €2,148 | -€316 | -12.8% |
| Other amounts payable | 47/48 | €140,384 | €143,384 | +€3,000 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,353 | €30,249 | +€5,896 | +24.2% |
| Other operating charges | 640/8 | €1,854 | €2,118 | +€264 | +14.2% |
| Gross operating margin | 9900 | €28,578 | €41,843 | +€13,265 | +46.4% |
| Operating profit (loss) | 9901 | €2,371 | €9,476 | +€7,105 | +300% |
| Financial charges | 65/66B | €15,637 | €16,009 | +€372 | +2.4% |
| Recurring financial charges | 65 | €15,637 | €16,009 | +€372 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,266 | -€6,533 | +€6,733 | +50.8% |
| Profit (loss) for the period | 9904 | -€13,266 | -€6,533 | +€6,733 | +50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,266 | -€6,533 | +€6,733 | +50.8% |
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 29 October 2026 via checked.be.