M-Immo: 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.
M-Immo
Largest movements
- Receivables within one year -€8,764
down €8,764 (-36.4%), from €24,077 to €15,313
- Tangible fixed assets -€6,228
down €6,228 (-10.3%), from €60,249 to €54,021
- Cash -€3,588
down €3,588 (-78.3%), from €4,580 to €992
mainly Trade debts (-€12,702) and Net result for the year (-€4,705)
- Trade debts -€12,702
down €12,702 (-84.6%), from €15,021 to €2,319
- Profit (loss) carried forward -€4,705
down €4,705 (-59.3%), from -€7,927 to -€12,632
- Other debts -€1,550
down €1,550 (-10.9%), from €14,280 to €12,730
- Gross operating margin -€4,217
down €4,217 (-46.8%), from €9,007 to €4,790
- Depreciation +€1,568
up €1,568 (+33.6%), from €4,661 to €6,228
- Other operating charges +€1,019
up €1,019 (+63.1%), from €1,614 to €2,633
- Financial income +€167
up €167 (+373.5%), from €45 to €211
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 | €89,969 | €70,988 | -€18,981 | -21.1% |
| Fixed assets | 21/28 | €60,611 | €54,383 | -€6,228 | -10.3% |
| Tangible fixed assets | 22/27 | €60,249 | €54,021 | -€6,228 | -10.3% |
| Land and buildings | 22 | €60,249 | €54,021 | -€6,228 | -10.3% |
| Financial fixed assets | 28 | €362 | €362 | = | 0.0% |
| Current assets | 29/58 | €29,358 | €16,605 | -€12,753 | -43.4% |
| Amounts receivable within one year | 40/41 | €24,077 | €15,313 | -€8,764 | -36.4% |
| Other amounts receivable | 41 | €24,077 | €15,313 | -€8,764 | -36.4% |
| Cash at bank and in hand | 54/58 | €4,580 | €992 | -€3,588 | -78.3% |
| Deferred charges and accrued income | 490/1 | €700 | €300 | -€400 | -57.2% |
| Total equity and liabilities | 10/49 | €89,969 | €70,988 | -€18,981 | -21.1% |
| Equity | 10/15 | €60,243 | €55,539 | -€4,705 | -7.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,927 | -€12,632 | -€4,705 | -59.3% |
| Amounts payable | 17/49 | €29,725 | €15,449 | -€14,276 | -48.0% |
| Amounts payable within one year | 42/48 | €29,301 | €15,049 | -€14,252 | -48.6% |
| Trade debts | 44 | €15,021 | €2,319 | -€12,702 | -84.6% |
| Suppliers | 440/4 | €15,021 | €2,319 | -€12,702 | -84.6% |
| Other amounts payable | 47/48 | €14,280 | €12,730 | -€1,550 | -10.9% |
| Accrued charges and deferred income | 492/3 | €424 | €400 | -€24 | -5.7% |
| Non-recurring operating income | 76A | €0 | €1,805 | +€1,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,661 | €6,228 | +€1,568 | +33.6% |
| Other operating charges | 640/8 | €1,614 | €2,633 | +€1,019 | +63.1% |
| Gross operating margin | 9900 | €9,007 | €4,790 | -€4,217 | -46.8% |
| Operating profit (loss) | 9901 | €2,732 | -€4,071 | -€6,804 | |
| Financial income | 75/76B | €45 | €211 | +€167 | +373.5% |
| Recurring financial income | 75 | €45 | €211 | +€167 | +373.5% |
| Financial charges | 65/66B | €806 | €844 | +€39 | +4.8% |
| Recurring financial charges | 65 | €806 | €844 | +€39 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,971 | -€4,705 | -€6,676 | |
| Profit (loss) for the period | 9904 | €1,971 | -€4,705 | -€6,676 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,971 | -€4,705 | -€6,676 |
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 3 October 2026 via checked.be.