N&N 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.
N&N Immo
Largest movements
- Cash +€27,661
up €27,661 (+260%), from €10,638 to €38,299
mainly Net result for the year (+€30,680) and Depreciation (+€25,572)
- Tangible fixed assets -€22,733
down €22,733 (-3.1%), from €734,199 to €711,467
of which Land and buildings: -€22,264
- Debts after one year -€34,029
down €34,029 (-7.3%), from €465,319 to €431,290
- Profit (loss) carried forward +€30,680
up €30,680 (+35.3%), from -€86,846 to -€56,165
- Gross operating margin +€15,594
up €15,594 (+27.2%), from €57,420 to €73,014
- Taxes +€5,213
up €5,213, from -€5,213 to €0
- Other operating charges -€4,257
down €4,257 (-41.5%), from €10,252 to €5,995
- Depreciation +€2,298
up €2,298 (+9.9%), from €23,274 to €25,572
- Financial charges -€736
down €736 (-6.4%), from €11,506 to €10,771
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.
Derived cash bridge
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 | €749,837 | €749,765 | -€72 | 0.0% |
| Fixed assets | 21/28 | €734,199 | €711,467 | -€22,733 | -3.1% |
| Tangible fixed assets | 22/27 | €734,199 | €711,467 | -€22,733 | -3.1% |
| Land and buildings | 22 | €721,353 | €699,089 | -€22,264 | -3.1% |
| Furniture and vehicles | 24 | €12,846 | €12,377 | -€469 | -3.6% |
| Current assets | 29/58 | €15,638 | €38,299 | +€22,661 | +145% |
| Amounts receivable within one year | 40/41 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 41 | €5,000 | €0 | -€5,000 | -100% |
| Cash at bank and in hand | 54/58 | €10,638 | €38,299 | +€27,661 | +260% |
| Total equity and liabilities | 10/49 | €749,837 | €749,765 | -€72 | 0.0% |
| Equity | 10/15 | -€26,846 | €3,835 | +€30,680 | |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,846 | -€56,165 | +€30,680 | +35.3% |
| Amounts payable | 17/49 | €776,682 | €745,930 | -€30,752 | -4.0% |
| Amounts payable after more than one year | 17 | €465,319 | €431,290 | -€34,029 | -7.3% |
| Financial debts | 170/4 | €465,319 | €431,290 | -€34,029 | -7.3% |
| Amounts payable within one year | 42/48 | €311,363 | €314,641 | +€3,277 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €32,730 | €34,029 | +€1,299 | +4.0% |
| Trade debts | 44 | €0 | €1,763 | +€1,763 | |
| Suppliers | 440/4 | €0 | €1,763 | +€1,763 | |
| Taxes, remuneration and social security | 45 | €2,459 | €2,459 | = | 0.0% |
| Taxes | 450/3 | €2,459 | €2,459 | = | 0.0% |
| Other amounts payable | 47/48 | €276,175 | €276,389 | +€215 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,274 | €25,572 | +€2,298 | +9.9% |
| Other operating charges | 640/8 | €10,252 | €5,995 | -€4,257 | -41.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €57,420 | €73,014 | +€15,594 | +27.2% |
| Operating profit (loss) | 9901 | €23,895 | €41,448 | +€17,553 | +73.5% |
| Financial income | 75/76B | €5 | €3 | -€2 | -33.3% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -33.3% |
| Financial charges | 65/66B | €11,506 | €10,771 | -€736 | -6.4% |
| Recurring financial charges | 65 | €11,506 | €10,771 | -€736 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €12,393 | €30,680 | +€18,287 | +148% |
| Income taxes | 67/77 | -€5,213 | €0 | +€5,213 | |
| Profit (loss) for the period | 9904 | €17,607 | €30,680 | +€13,074 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,607 | €30,680 | +€13,074 | +74.3% |
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 18 October 2026 via checked.be.