M.C.M. IMMO: 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.
M.C.M. IMMO
Largest movements
- Tangible fixed assets -€45,399
down €45,399 (-3.8%), from €1.2m to €1.2m
of which Land and buildings: -€44,654
- Profit (loss) carried forward -€42,586
down €42,586 (-17.5%), from -€242,742 to -€285,328
- Other operating charges +€1,924
up €1,924 (+37.3%), from €5,152 to €7,076
- Gross operating margin +€566
up €566 (+6.0%), from €9,394 to €9,960
- Depreciation -€433
down €433 (-0.9%), from €45,831 to €45,398
- Financial charges -€114
down €114 (-61.3%), from €186 to €72
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 | €1,210,637 | €1,162,635 | -€48,002 | -4.0% |
| Fixed assets | 21/28 | €1,197,583 | €1,152,184 | -€45,399 | -3.8% |
| Tangible fixed assets | 22/27 | €1,197,583 | €1,152,184 | -€45,399 | -3.8% |
| Land and buildings | 22 | €1,196,332 | €1,151,678 | -€44,654 | -3.7% |
| Furniture and vehicles | 24 | €1,251 | €506 | -€745 | -59.6% |
| Current assets | 29/58 | €13,054 | €10,451 | -€2,603 | -19.9% |
| Current investments | 50/53 | €5,307 | €5,307 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,587 | €4,092 | +€505 | +14.1% |
| Deferred charges and accrued income | 490/1 | €4,160 | €1,052 | -€3,108 | -74.7% |
| Total equity and liabilities | 10/49 | €1,210,637 | €1,162,635 | -€48,002 | -4.0% |
| Equity | 10/15 | €734,607 | €692,021 | -€42,586 | -5.8% |
| Contributions | 10/11 | €393,600 | €393,600 | = | 0.0% |
| Reserves | 13 | €583,749 | €583,749 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €571,889 | €571,889 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,742 | -€285,328 | -€42,586 | -17.5% |
| Amounts payable | 17/49 | €476,030 | €470,614 | -€5,416 | -1.1% |
| Amounts payable within one year | 42/48 | €476,030 | €470,614 | -€5,416 | -1.1% |
| Trade debts | 44 | €83,780 | €78,824 | -€4,956 | -5.9% |
| Suppliers | 440/4 | €83,780 | €78,824 | -€4,956 | -5.9% |
| Other amounts payable | 47/48 | €392,250 | €391,790 | -€460 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,831 | €45,398 | -€433 | -0.9% |
| Other operating charges | 640/8 | €5,152 | €7,076 | +€1,924 | +37.3% |
| Gross operating margin | 9900 | €9,394 | €9,960 | +€566 | +6.0% |
| Operating profit (loss) | 9901 | -€41,589 | -€42,514 | -€925 | -2.2% |
| Financial charges | 65/66B | €186 | €72 | -€114 | -61.3% |
| Recurring financial charges | 65 | €186 | €72 | -€114 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | -€41,775 | -€42,586 | -€811 | -1.9% |
| Profit (loss) for the period | 9904 | -€41,775 | -€42,586 | -€811 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,775 | -€42,586 | -€811 | -1.9% |
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 14 October 2026 via checked.be.