MM 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.
MM IMMO
Largest movements
- Tangible fixed assets -€112,010
down €112,010 (-3.7%), from €3.0m to €2.9m
of which Land and buildings: -€111,414
- Profit (loss) carried forward -€99,497
down €99,497 (-14.1%), from -€704,908 to -€804,406
- Gross operating margin +€17,848
up €17,848 (+245.0%), from €7,284 to €25,132
- Taxes +€894
new in 2025: €894
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 | €3,028,922 | €2,914,142 | -€114,781 | -3.8% |
| Fixed assets | 21/28 | €2,998,679 | €2,886,670 | -€112,010 | -3.7% |
| Tangible fixed assets | 22/27 | €2,998,179 | €2,886,170 | -€112,010 | -3.7% |
| Land and buildings | 22 | €2,997,584 | €2,886,170 | -€111,414 | -3.7% |
| Furniture and vehicles | 24 | €595 | - | -€595 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €30,243 | €27,472 | -€2,771 | -9.2% |
| Amounts receivable within one year | 40/41 | €23,295 | €13,218 | -€10,077 | -43.3% |
| Trade receivables | 40 | €23,295 | €12,405 | -€10,890 | -46.7% |
| Other amounts receivable | 41 | - | €813 | +€813 | |
| Cash at bank and in hand | 54/58 | €5,402 | €12,617 | +€7,214 | +133.6% |
| Deferred charges and accrued income | 490/1 | €1,546 | €1,638 | +€92 | +5.9% |
| Total equity and liabilities | 10/49 | €3,028,922 | €2,914,142 | -€114,781 | -3.8% |
| Equity | 10/15 | -€686,278 | -€785,776 | -€99,497 | -14.5% |
| Contributions | 10/11 | €18,630 | €18,630 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€704,908 | -€804,406 | -€99,497 | -14.1% |
| Amounts payable | 17/49 | €3,715,201 | €3,699,917 | -€15,283 | -0.4% |
| Amounts payable within one year | 42/48 | €3,715,201 | €3,699,917 | -€15,283 | -0.4% |
| Trade debts | 44 | €4,410 | €4,176 | -€234 | -5.3% |
| Suppliers | 440/4 | €4,410 | €4,176 | -€234 | -5.3% |
| Taxes, remuneration and social security | 45 | €201 | €388 | +€187 | +92.8% |
| Taxes | 450/3 | €201 | €388 | +€187 | +92.8% |
| Other amounts payable | 47/48 | €3,710,589 | €3,695,353 | -€15,236 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,121 | €112,010 | -€111 | -0.1% |
| Other operating charges | 640/8 | €9,169 | €9,361 | +€193 | +2.1% |
| Gross operating margin | 9900 | €7,284 | €25,132 | +€17,848 | +245.0% |
| Operating profit (loss) | 9901 | -€114,006 | -€96,239 | +€17,767 | +15.6% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €2,421 | €2,394 | -€27 | -1.1% |
| Recurring financial charges | 65 | €2,421 | €2,394 | -€27 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | -€116,427 | -€98,603 | +€17,824 | +15.3% |
| Income taxes | 67/77 | - | €894 | +€894 | |
| Profit (loss) for the period | 9904 | -€116,427 | -€99,497 | +€16,930 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,427 | -€99,497 | +€16,930 | +14.5% |
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 7 October 2026 via checked.be.