M2O 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.
M2O IMMO
Largest movements
- Receivables within one year -€15,350
down €15,350 (-32.6%), from €47,086 to €31,735
- Tangible fixed assets -€4,550
down €4,550 (-3.2%), from €144,244 to €139,695
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Debts after one year -€7,786
down €7,786 (-6.5%), from €119,755 to €111,969
- Profit (loss) carried forward +€4,362
up €4,362 (+331.4%), from €1,316 to €5,678
- Gross operating margin -€1,131
down €1,131 (-8.6%), from €13,195 to €12,064
- Taxes +€951
up €951 (+518.3%), from €183 to €1,134
- Financial income -€720
down €720 (-52.6%), from €1,370 to €650
- Other operating charges -€243
down €243 (-25.4%), from €957 to €714
- Financial charges -€133
down €133 (-5.5%), from €2,412 to €2,279
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 | €200,520 | €182,177 | -€18,343 | -9.1% |
| Fixed assets | 21/28 | €144,244 | €139,695 | -€4,550 | -3.2% |
| Tangible fixed assets | 22/27 | €144,244 | €139,695 | -€4,550 | -3.2% |
| Land and buildings | 22 | €144,244 | €139,695 | -€4,550 | -3.2% |
| Current assets | 29/58 | €56,276 | €42,482 | -€13,794 | -24.5% |
| Amounts receivable within one year | 40/41 | €47,086 | €31,735 | -€15,350 | -32.6% |
| Other amounts receivable | 41 | €47,086 | €31,735 | -€15,350 | -32.6% |
| Cash at bank and in hand | 54/58 | €8,192 | €9,750 | +€1,559 | +19.0% |
| Deferred charges and accrued income | 490/1 | €998 | €997 | -€2 | -0.2% |
| Total equity and liabilities | 10/49 | €200,520 | €182,177 | -€18,343 | -9.1% |
| Equity | 10/15 | €51,034 | €54,746 | +€3,712 | +7.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,316 | €5,678 | +€4,362 | +331.4% |
| Investment grants | 15 | €19,717 | €19,067 | -€650 | -3.3% |
| Provisions and deferred taxes | 16 | €6,681 | €6,356 | -€325 | -4.9% |
| Deferred taxes | 168 | €6,681 | €6,356 | -€325 | -4.9% |
| Amounts payable | 17/49 | €142,805 | €121,075 | -€21,730 | -15.2% |
| Amounts payable after more than one year | 17 | €119,755 | €111,969 | -€7,786 | -6.5% |
| Financial debts | 170/4 | €119,755 | €111,969 | -€7,786 | -6.5% |
| Amounts payable within one year | 42/48 | €23,050 | €9,107 | -€13,944 | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €7,653 | €7,786 | +€133 | +1.7% |
| Trade debts | 44 | €1,213 | €1,320 | +€107 | +8.8% |
| Suppliers | 440/4 | €1,213 | €1,320 | +€107 | +8.8% |
| Taxes, remuneration and social security | 45 | €183 | - | -€183 | |
| Taxes | 450/3 | €183 | - | -€183 | |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,550 | €4,550 | -€0 | 0.0% |
| Other operating charges | 640/8 | €957 | €714 | -€243 | -25.4% |
| Gross operating margin | 9900 | €13,195 | €12,064 | -€1,131 | -8.6% |
| Operating profit (loss) | 9901 | €7,688 | €6,800 | -€888 | -11.6% |
| Financial income | 75/76B | €1,370 | €650 | -€720 | -52.6% |
| Recurring financial income | 75 | €1,370 | €650 | -€720 | -52.6% |
| Financial charges | 65/66B | €2,412 | €2,279 | -€133 | -5.5% |
| Recurring financial charges | 65 | €2,412 | €2,279 | -€133 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €6,647 | €5,171 | -€1,475 | -22.2% |
| Transfer from deferred taxes | 780 | €163 | €325 | +€163 | +100.0% |
| Income taxes | 67/77 | €183 | €1,134 | +€951 | +518.3% |
| Profit (loss) for the period | 9904 | €6,626 | €4,362 | -€2,264 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,626 | €4,362 | -€2,264 | -34.2% |
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 9 October 2026 via checked.be.