M.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.M. IMMO
Largest movements
- Tangible fixed assets -€34,135
down €34,135 (-7.0%), from €490,819 to €456,684
of which Land and buildings: -€30,023
- Debts after one year -€36,454
down €36,454 (-9.9%), from €367,937 to €331,483
of which Financial debts: -€36,454
- Financial income -€5,405
down €5,405 (-55.2%), from €9,786 to €4,380
- Gross operating margin -€2,301
down €2,301 (-3.7%), from €61,578 to €59,277
- Financial charges -€1,438
down €1,438 (-13.3%), from €10,792 to €9,353
- Taxes -€1,189
down €1,189 (-31.9%), from €3,726 to €2,538
- Other operating charges +€777
up €777 (+7.9%), from €9,882 to €10,659
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 | €757,212 | €731,225 | -€25,987 | -3.4% |
| Fixed assets | 21/28 | €490,819 | €456,684 | -€34,135 | -7.0% |
| Tangible fixed assets | 22/27 | €490,819 | €456,684 | -€34,135 | -7.0% |
| Land and buildings | 22 | €469,228 | €439,205 | -€30,023 | -6.4% |
| Plant, machinery and equipment | 23 | €21,592 | €17,480 | -€4,112 | -19.0% |
| Current assets | 29/58 | €266,393 | €274,541 | +€8,148 | +3.1% |
| Amounts receivable within one year | 40/41 | €237,079 | €238,868 | +€1,788 | +0.8% |
| Other amounts receivable | 41 | €237,079 | €238,868 | +€1,788 | +0.8% |
| Cash at bank and in hand | 54/58 | €412 | €760 | +€347 | +84.2% |
| Deferred charges and accrued income | 490/1 | €28,901 | €34,913 | +€6,012 | +20.8% |
| Total equity and liabilities | 10/49 | €757,212 | €731,225 | -€25,987 | -3.4% |
| Equity | 10/15 | €299,261 | €303,352 | +€4,092 | +1.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €2,926 | €2,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,926 | €2,926 | = | 0.0% |
| Legal reserve | 130 | €2,926 | €2,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,771 | €68,743 | +€6,972 | +11.3% |
| Investment grants | 15 | €34,564 | €31,683 | -€2,880 | -8.3% |
| Amounts payable | 17/49 | €457,952 | €427,873 | -€30,079 | -6.6% |
| Amounts payable after more than one year | 17 | €367,937 | €331,483 | -€36,454 | -9.9% |
| Financial debts | 170/4 | €167,887 | €131,433 | -€36,454 | -21.7% |
| Other amounts payable | 178/9 | €200,050 | €200,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,015 | €96,390 | +€6,375 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €34,710 | €36,454 | +€1,744 | +5.0% |
| Trade debts | 44 | €12,637 | €13,661 | +€1,024 | +8.1% |
| Suppliers | 440/4 | €12,637 | €13,661 | +€1,024 | +8.1% |
| Taxes, remuneration and social security | 45 | €5,960 | €6,264 | +€305 | +5.1% |
| Taxes | 450/3 | €5,960 | €6,264 | +€305 | +5.1% |
| Other amounts payable | 47/48 | €36,708 | €40,010 | +€3,302 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,135 | €34,135 | = | 0.0% |
| Other operating charges | 640/8 | €9,882 | €10,659 | +€777 | +7.9% |
| Gross operating margin | 9900 | €61,578 | €59,277 | -€2,301 | -3.7% |
| Operating profit (loss) | 9901 | €17,561 | €14,483 | -€3,079 | -17.5% |
| Financial income | 75/76B | €9,786 | €4,380 | -€5,405 | -55.2% |
| Recurring financial income | 75 | €9,786 | €4,380 | -€5,405 | -55.2% |
| Financial charges | 65/66B | €10,792 | €9,353 | -€1,438 | -13.3% |
| Recurring financial charges | 65 | €10,792 | €9,353 | -€1,438 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €16,556 | €9,510 | -€7,046 | -42.6% |
| Income taxes | 67/77 | €3,726 | €2,538 | -€1,189 | -31.9% |
| Profit (loss) for the period | 9904 | €12,829 | €6,972 | -€5,857 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,829 | €6,972 | -€5,857 | -45.7% |
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 16 October 2026 via checked.be.