M4 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.
M4 IMMO
Largest movements
- Receivables within one year -€961
down €961 (-10.3%), from €9,354 to €8,393
- Tangible fixed assets -€283
down €283 (-3.4%), from €8,430 to €8,147
- Cash +€264
up €264 (+10899.2%), from €2 to €266
mainly Receivables within one year (+€961) and Trade debts (+€400)
- Profit (loss) carried forward -€1,379
down €1,379 (-62.3%), from -€2,214 to -€3,593
- Trade debts +€400
new in 2025: €400
- Other operating charges +€948
new in 2025: €948
- Gross operating margin +€493
up €493 (+48.4%), from -€1,019 to -€526
- Financial income +€488
new in 2025: €488
- Depreciation +€232
up €232 (+463.1%), from €50 to €283
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 | €17,786 | €16,806 | -€980 | -5.5% |
| Fixed assets | 21/28 | €8,430 | €8,147 | -€283 | -3.4% |
| Tangible fixed assets | 22/27 | €8,430 | €8,147 | -€283 | -3.4% |
| Land and buildings | 22 | €8,430 | €8,147 | -€283 | -3.4% |
| Current assets | 29/58 | €9,356 | €8,659 | -€697 | -7.4% |
| Amounts receivable within one year | 40/41 | €9,354 | €8,393 | -€961 | -10.3% |
| Other amounts receivable | 41 | €9,354 | €8,393 | -€961 | -10.3% |
| Cash at bank and in hand | 54/58 | €2 | €266 | +€264 | +10899.2% |
| Total equity and liabilities | 10/49 | €17,786 | €16,806 | -€980 | -5.5% |
| Equity | 10/15 | €17,786 | €16,407 | -€1,379 | -7.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,214 | -€3,593 | -€1,379 | -62.3% |
| Amounts payable | 17/49 | - | €400 | +€400 | |
| Amounts payable within one year | 42/48 | - | €400 | +€400 | |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | €283 | +€232 | +463.1% |
| Other operating charges | 640/8 | - | €948 | +€948 | |
| Gross operating margin | 9900 | -€1,019 | -€526 | +€493 | +48.4% |
| Operating profit (loss) | 9901 | -€1,069 | -€1,757 | -€688 | -64.3% |
| Financial income | 75/76B | - | €488 | +€488 | |
| Recurring financial income | 75 | - | €488 | +€488 | |
| Financial charges | 65/66B | €110 | €111 | +€0 | +0.3% |
| Recurring financial charges | 65 | €110 | €111 | +€0 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,179 | -€1,379 | -€200 | -16.9% |
| Profit (loss) for the period | 9904 | -€1,179 | -€1,379 | -€200 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,179 | -€1,379 | -€200 | -16.9% |
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 11 October 2026 via checked.be.