M 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.
M IMMOBILIER
Largest movements
- Receivables within one year +€46,635
up €46,635 (+51.8%), from €89,994 to €136,628
of which Trade receivables: +€50,195
- Cash -€13,543
down €13,543 (-21.6%), from €62,596 to €49,053
mainly Receivables within one year (-€46,635) and Net result for the year (-€16,249)
- Trade debts +€60,357
up €60,357 (+165%), from €36,576 to €96,933
- Reserves -€16,000
down €16,000 (-18.8%), from €85,000 to €69,000
- Tax, wage and social debts -€9,462
down €9,462 (-33.0%), from €28,706 to €19,244
- Gross operating margin -€96,448
down €96,448, from €79,977 to -€16,471
- Taxes -€16,462
down €16,462 (-100.0%), from €16,462 to €0
- Financial income +€1,533
up €1,533 (+658%), from €233 to €1,766
- Depreciation +€904
up €904 (+284%), from €318 to €1,222
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 | €155,497 | €189,311 | +€33,814 | +21.7% |
| Formation expenses | 20 | €549 | €341 | -€208 | -37.9% |
| Fixed assets | 21/28 | €1,817 | €3,288 | +€1,471 | +81.0% |
| Tangible fixed assets | 22/27 | €1,817 | €3,288 | +€1,471 | +81.0% |
| Furniture and vehicles | 24 | €1,817 | €3,288 | +€1,471 | +81.0% |
| Current assets | 29/58 | €153,130 | €185,681 | +€32,551 | +21.3% |
| Amounts receivable within one year | 40/41 | €89,994 | €136,628 | +€46,635 | +51.8% |
| Trade receivables | 40 | €71,582 | €121,778 | +€50,195 | +70.1% |
| Other amounts receivable | 41 | €18,411 | €14,851 | -€3,561 | -19.3% |
| Cash at bank and in hand | 54/58 | €62,596 | €49,053 | -€13,543 | -21.6% |
| Deferred charges and accrued income | 490/1 | €541 | - | -€541 | |
| Total equity and liabilities | 10/49 | €155,497 | €189,311 | +€33,814 | +21.7% |
| Equity | 10/15 | €89,382 | €73,133 | -€16,249 | -18.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €85,000 | €69,000 | -€16,000 | -18.8% |
| Distributable reserves | 133 | €85,000 | €69,000 | -€16,000 | -18.8% |
| Profit (loss) carried forward | 14 | €2,382 | €2,133 | -€249 | -10.4% |
| Amounts payable | 17/49 | €66,115 | €116,178 | +€50,063 | +75.7% |
| Amounts payable within one year | 42/48 | €66,115 | €116,178 | +€50,063 | +75.7% |
| Trade debts | 44 | €36,576 | €96,933 | +€60,357 | +165% |
| Suppliers | 440/4 | €36,576 | €96,933 | +€60,357 | +165% |
| Taxes, remuneration and social security | 45 | €28,706 | €19,244 | -€9,462 | -33.0% |
| Taxes | 450/3 | €28,706 | €19,244 | -€9,462 | -33.0% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €318 | €1,222 | +€904 | +284% |
| Other operating charges | 640/8 | - | €20 | +€20 | |
| Gross operating margin | 9900 | €79,977 | -€16,471 | -€96,448 | |
| Operating profit (loss) | 9901 | €79,659 | -€17,713 | -€97,372 | |
| Financial income | 75/76B | €233 | €1,766 | +€1,533 | +658% |
| Recurring financial income | 75 | €233 | €1,766 | +€1,533 | +658% |
| Financial charges | 65/66B | €389 | €302 | -€87 | -22.3% |
| Recurring financial charges | 65 | €389 | €302 | -€87 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €79,504 | -€16,249 | -€95,753 | |
| Income taxes | 67/77 | €16,462 | €0 | -€16,462 | -100.0% |
| Profit (loss) for the period | 9904 | €63,042 | -€16,249 | -€79,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,042 | -€16,249 | -€79,291 |
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 26 October 2026 via checked.be.