L'Objectif Immobilier: 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'Objectif Immobilier
Largest movements
- Tangible fixed assets +€319,206
up €319,206 (+4,161%), from €7,671 to €326,878
of which Land and buildings: +€321,968
- Cash -€99,008
down €99,008 (-21.8%), from €453,843 to €354,834
mainly Investment in fixed assets (net) (-€353,351) and Other debts (-€32,857)
- Financial fixed assets +€26,500
new in 2025: €26,500
- Debts after one year +€227,383
new in 2025: €227,383
- Other debts -€32,857
down €32,857 (-74.7%), from €43,984 to €11,127
- Reserves +€32,200
up €32,200 (+18.4%), from €175,280 to €207,480
- Profit (loss) carried forward +€30,052
up €30,052 (+3,965%), from €758 to €30,810
- Advances received -€20,040
down €20,040 (-10.0%), from €199,709 to €179,669
- Gross operating margin +€25,677
up €25,677 (+20.3%), from €126,278 to €151,955
- Staff costs +€18,326
up €18,326 (+86.6%), from €21,171 to €39,497
- Taxes -€7,955
down €7,955 (-28.1%), from €28,339 to €20,384
- Other operating charges +€5,529
up €5,529 (+453%), from €1,220 to €6,749
- Depreciation +€5,224
up €5,224 (+216%), from €2,421 to €7,645
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 | €470,726 | €717,354 | +€246,628 | +52.4% |
| Fixed assets | 21/28 | €7,671 | €353,378 | +€345,706 | +4,506% |
| Tangible fixed assets | 22/27 | €7,671 | €326,878 | +€319,206 | +4,161% |
| Land and buildings | 22 | - | €321,968 | +€321,968 | |
| Furniture and vehicles | 24 | €7,091 | €4,610 | -€2,481 | -35.0% |
| Other tangible fixed assets | 26 | €580 | €300 | -€280 | -48.2% |
| Financial fixed assets | 28 | - | €26,500 | +€26,500 | |
| Current assets | 29/58 | €463,054 | €363,976 | -€99,079 | -21.4% |
| Amounts receivable within one year | 40/41 | €5,201 | €3,275 | -€1,926 | -37.0% |
| Trade receivables | 40 | €5,201 | €3,275 | -€1,926 | -37.0% |
| Cash at bank and in hand | 54/58 | €453,843 | €354,834 | -€99,008 | -21.8% |
| Deferred charges and accrued income | 490/1 | €4,011 | €5,867 | +€1,856 | +46.3% |
| Total equity and liabilities | 10/49 | €470,726 | €717,354 | +€246,628 | +52.4% |
| Equity | 10/15 | €194,638 | €256,890 | +€62,252 | +32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,280 | €207,480 | +€32,200 | +18.4% |
| Distributable reserves | 133 | €175,280 | €207,480 | +€32,200 | +18.4% |
| Profit (loss) carried forward | 14 | €758 | €30,810 | +€30,052 | +3,965% |
| Amounts payable | 17/49 | €276,088 | €460,464 | +€184,376 | +66.8% |
| Amounts payable after more than one year | 17 | - | €227,383 | +€227,383 | |
| Financial debts | 170/4 | - | €227,383 | +€227,383 | |
| Amounts payable within one year | 42/48 | €276,048 | €231,717 | -€44,332 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,055 | +€8,055 | |
| Financial debts | 43 | €1,290 | €478 | -€812 | -62.9% |
| Other loans | 439 | €1,290 | €478 | -€812 | -62.9% |
| Trade debts | 44 | €6,308 | €6,134 | -€174 | -2.8% |
| Suppliers | 440/4 | €6,308 | €6,134 | -€174 | -2.8% |
| Advances received on contracts in progress | 46 | €199,709 | €179,669 | -€20,040 | -10.0% |
| Taxes, remuneration and social security | 45 | €24,757 | €26,253 | +€1,496 | +6.0% |
| Taxes | 450/3 | €20,777 | €18,894 | -€1,884 | -9.1% |
| Remuneration and social security | 454/9 | €3,980 | €7,360 | +€3,380 | +84.9% |
| Other amounts payable | 47/48 | €43,984 | €11,127 | -€32,857 | -74.7% |
| Accrued charges and deferred income | 492/3 | €40 | €1,364 | +€1,325 | +3,348% |
| Remuneration, social security and pensions | 62 | €21,171 | €39,497 | +€18,326 | +86.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,421 | €7,645 | +€5,224 | +216% |
| Other operating charges | 640/8 | €1,220 | €6,749 | +€5,529 | +453% |
| Gross operating margin | 9900 | €126,278 | €151,955 | +€25,677 | +20.3% |
| Operating profit (loss) | 9901 | €101,465 | €98,063 | -€3,402 | -3.4% |
| Financial income | 75/76B | €812 | €1,362 | +€550 | +67.8% |
| Recurring financial income | 75 | €812 | €1,362 | +€550 | +67.8% |
| Financial charges | 65/66B | €1,173 | €5,723 | +€4,550 | +388% |
| Recurring financial charges | 65 | €1,173 | €5,723 | +€4,550 | +388% |
| Profit (loss) for the period before taxes | 9903 | €101,104 | €93,703 | -€7,401 | -7.3% |
| Income taxes | 67/77 | €28,339 | €20,384 | -€7,955 | -28.1% |
| Profit (loss) for the period | 9904 | €72,765 | €73,319 | +€554 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €72,765 | €73,319 | +€554 | +0.8% |
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 30 October 2026 via checked.be.