MMI 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.
What changed
MMI IMMO
NACE 55.203, Holiday cottages, homes and apartments
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€20,128
2024 · €12,627+€7,501
Equity
€139,088
2024 · €118,959+€20,128
Cash
€19,937
2024 · €19,078+€859
Balance sheet total
€474,826
2024 · €487,182-€12,357
Largest movements
Assets
- Tangible fixed assets -€13,303
down €13,303 (-2.9%), from €465,890 to €452,587
of which Land and buildings: -€13,686
Equity and liabilities
- Debts after one year -€29,994
down €29,994 (-9.8%), from €306,022 to €276,028
- Reserves +€20,128
up €20,128 (+25.9%), from €77,611 to €97,739
Income statement
- Gross operating margin +€13,027
up €13,027 (+21.1%), from €61,693 to €74,719
- Depreciation +€4,926
up €4,926 (+18.1%), from €27,167 to €32,094
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.
Result 2024
€12,627
Gross operating margin
+€13,027
Depreciation
-€4,926
Other operating charges
-€606
Financial income
-€35
Financial charges
+€694
Taxes
-€652
Result 2025
€20,128
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.
From operations
+€48,593
Investment
-€18,790
Financing
-€28,944
Cash 2024
€19,078
From operations (derived)
+€48,593
Net result for the year
+€20,128
Depreciation
+€32,094
Smaller working-capital items
-€87
Trade debts
-€3,297
Tax, wage and social debts
+€666
Other debts
-€911
Investment (derived)
-€18,790
Investment in fixed assets (net)
-€18,790
Financing
-€28,944
Debts after one year
-€29,994
Current portion of long-term debt
+€1,050
Cash 2025
€19,937
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,182 | €474,826 | -€12,357 | -2.5% |
| Fixed assets | 21/28 | €465,890 | €452,587 | -€13,303 | -2.9% |
| Tangible fixed assets | 22/27 | €465,890 | €452,587 | -€13,303 | -2.9% |
| Land and buildings | 22 | €371,770 | €358,084 | -€13,686 | -3.7% |
| Plant, machinery and equipment | 23 | €69,043 | €74,718 | +€5,675 | +8.2% |
| Furniture and vehicles | 24 | €25,077 | €19,785 | -€5,292 | -21.1% |
| Current assets | 29/58 | €21,292 | €22,239 | +€947 | +4.4% |
| Amounts receivable within one year | 40/41 | €1,500 | €1,567 | +€67 | +4.5% |
| Trade receivables | 40 | €66 | €472 | +€406 | +614.3% |
| Other amounts receivable | 41 | €1,434 | €1,095 | -€338 | -23.6% |
| Cash at bank and in hand | 54/58 | €19,078 | €19,937 | +€859 | +4.5% |
| Deferred charges and accrued income | 490/1 | €715 | €735 | +€20 | +2.8% |
| Total equity and liabilities | 10/49 | €487,182 | €474,826 | -€12,357 | -2.5% |
| Equity | 10/15 | €118,959 | €139,088 | +€20,128 | +16.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €77,611 | €97,739 | +€20,128 | +25.9% |
| Distributable reserves | 133 | €77,611 | €97,739 | +€20,128 | +25.9% |
| Profit (loss) carried forward | 14 | €19,348 | €19,348 | = | 0.0% |
| Amounts payable | 17/49 | €368,223 | €335,738 | -€32,485 | -8.8% |
| Amounts payable after more than one year | 17 | €306,022 | €276,028 | -€29,994 | -9.8% |
| Financial debts | 170/4 | €306,022 | €276,028 | -€29,994 | -9.8% |
| Amounts payable within one year | 42/48 | €62,201 | €59,709 | -€2,492 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €28,944 | €29,994 | +€1,050 | +3.6% |
| Trade debts | 44 | €25,757 | €22,460 | -€3,297 | -12.8% |
| Suppliers | 440/4 | €25,757 | €22,460 | -€3,297 | -12.8% |
| Taxes, remuneration and social security | 45 | €1,347 | €2,013 | +€666 | +49.4% |
| Taxes | 450/3 | €1,347 | €2,013 | +€666 | +49.4% |
| Other amounts payable | 47/48 | €6,153 | €5,243 | -€911 | -14.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,167 | €32,094 | +€4,926 | +18.1% |
| Other operating charges | 640/8 | €4,120 | €4,727 | +€606 | +14.7% |
| Gross operating margin | 9900 | €61,693 | €74,719 | +€13,027 | +21.1% |
| Operating profit (loss) | 9901 | €30,405 | €37,899 | +€7,494 | +24.6% |
| Financial income | 75/76B | €37 | €2 | -€35 | -94.5% |
| Recurring financial income | 75 | €37 | €2 | -€35 | -94.5% |
| Financial charges | 65/66B | €12,468 | €11,774 | -€694 | -5.6% |
| Recurring financial charges | 65 | €12,468 | €11,774 | -€694 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €17,974 | €26,127 | +€8,153 | +45.4% |
| Income taxes | 67/77 | €5,347 | €5,999 | +€652 | +12.2% |
| Profit (loss) for the period | 9904 | €12,627 | €20,128 | +€7,501 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,627 | €20,128 | +€7,501 | +59.4% |
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 12 October 2026 via checked.be.