MEUSE - 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.
MEUSE - IMMO
Largest movements
- Tangible fixed assets -€19,339
down €19,339 (-8.3%), from €232,046 to €212,707
- Debts after one year -€30,000
down €30,000 (-16.2%), from €185,249 to €155,249
- Profit (loss) carried forward +€11,435
up €11,435 (+23.1%), from -€49,603 to -€38,167
- Gross operating margin +€12,256
up €12,256 (+48.6%), from €25,194 to €37,451
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 | €274,286 | €255,722 | -€18,565 | -6.8% |
| Fixed assets | 21/28 | €233,851 | €214,067 | -€19,784 | -8.5% |
| Tangible fixed assets | 22/27 | €232,046 | €212,707 | -€19,339 | -8.3% |
| Land and buildings | 22 | €232,046 | €212,707 | -€19,339 | -8.3% |
| Financial fixed assets | 28 | €1,805 | €1,360 | -€445 | -24.7% |
| Current assets | 29/58 | €40,435 | €41,655 | +€1,220 | +3.0% |
| Cash at bank and in hand | 54/58 | €40,435 | €41,655 | +€1,220 | +3.0% |
| Total equity and liabilities | 10/49 | €274,286 | €255,722 | -€18,565 | -6.8% |
| Equity | 10/15 | €59,037 | €70,473 | +€11,435 | +19.4% |
| Contributions | 10/11 | €62,400 | €62,400 | = | 0.0% |
| Capital | 10 | €62,400 | €62,400 | = | 0.0% |
| Issued capital | 100 | €62,400 | €62,400 | = | 0.0% |
| Reserves | 13 | €46,240 | €46,240 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,240 | €6,240 | = | 0.0% |
| Legal reserve | 130 | €6,240 | €6,240 | = | 0.0% |
| Distributable reserves | 133 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,603 | -€38,167 | +€11,435 | +23.1% |
| Amounts payable | 17/49 | €215,249 | €185,249 | -€30,000 | -13.9% |
| Amounts payable after more than one year | 17 | €185,249 | €155,249 | -€30,000 | -16.2% |
| Other amounts payable | 178/9 | €185,249 | €155,249 | -€30,000 | -16.2% |
| Amounts payable within one year | 42/48 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 47/48 | €30,000 | €30,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,339 | €19,339 | = | 0.0% |
| Other operating charges | 640/8 | €6,387 | €6,676 | +€289 | +4.5% |
| Gross operating margin | 9900 | €25,194 | €37,451 | +€12,256 | +48.6% |
| Operating profit (loss) | 9901 | -€532 | €11,435 | +€11,967 | |
| Profit (loss) for the period before taxes | 9903 | -€532 | €11,435 | +€11,967 | |
| Profit (loss) for the period | 9904 | -€532 | €11,435 | +€11,967 | |
| Profit (loss) for the period to be appropriated | 9905 | -€532 | €11,435 | +€11,967 |
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 9 October 2026 via checked.be.