NEW IMMO CONCEPT: 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.
NEW IMMO CONCEPT
Largest movements
- Receivables within one year +€92,901
up €92,901 (+258%), from €35,942 to €128,843
of which Trade receivables: +€100,708
- Cash -€23,750
down €23,750 (-28.0%), from €84,929 to €61,179
mainly Receivables within one year (-€92,901) and Debts after one year (-€14,667)
- Tangible fixed assets -€16,750
down €16,750 (-11.2%), from €149,604 to €132,854
- Tax, wage and social debts +€28,507
up €28,507 (+133%), from €21,447 to €49,954
of which Remuneration and social security: +€29,535
- Profit (loss) carried forward +€17,360
up €17,360 (+13.4%), from €129,654 to €147,014
- Debts after one year -€14,667
down €14,667 (-14.3%), from €102,667 to €88,000
- Trade debts +€12,809
up €12,809 (+1,848%), from €693 to €13,502
- Other debts +€8,716
up €8,716 (+61.3%), from €14,212 to €22,928
- Gross operating margin +€23,097
up €23,097 (+95.9%), from €24,089 to €47,186
- Taxes +€4,428
up €4,428 (+174%), from €2,552 to €6,980
- Other operating charges -€875
down €875 (-24.0%), from €3,641 to €2,766
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 | €303,800 | €356,525 | +€52,725 | +17.4% |
| Fixed assets | 21/28 | €149,604 | €132,854 | -€16,750 | -11.2% |
| Tangible fixed assets | 22/27 | €149,604 | €132,854 | -€16,750 | -11.2% |
| Land and buildings | 22 | €149,604 | €132,854 | -€16,750 | -11.2% |
| Current assets | 29/58 | €154,196 | €223,671 | +€69,475 | +45.1% |
| Stocks and contracts in progress | 3 | €30,602 | €30,602 | = | 0.0% |
| Stocks | 30/36 | €30,602 | €30,602 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,942 | €128,843 | +€92,901 | +258% |
| Trade receivables | 40 | €27,000 | €127,708 | +€100,708 | +373% |
| Other amounts receivable | 41 | €8,942 | €1,135 | -€7,807 | -87.3% |
| Cash at bank and in hand | 54/58 | €84,929 | €61,179 | -€23,750 | -28.0% |
| Deferred charges and accrued income | 490/1 | €2,723 | €3,047 | +€324 | +11.9% |
| Total equity and liabilities | 10/49 | €303,800 | €356,525 | +€52,725 | +17.4% |
| Equity | 10/15 | €150,114 | €167,474 | +€17,360 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,654 | €147,014 | +€17,360 | +13.4% |
| Amounts payable | 17/49 | €153,686 | €189,051 | +€35,365 | +23.0% |
| Amounts payable after more than one year | 17 | €102,667 | €88,000 | -€14,667 | -14.3% |
| Financial debts | 170/4 | €102,667 | €88,000 | -€14,667 | -14.3% |
| Amounts payable within one year | 42/48 | €51,019 | €101,051 | +€50,032 | +98.1% |
| Current portion of amounts payable after more than one year | 42 | €14,667 | €14,667 | = | 0.0% |
| Trade debts | 44 | €693 | €13,502 | +€12,809 | +1,848% |
| Suppliers | 440/4 | €693 | €13,502 | +€12,809 | +1,848% |
| Taxes, remuneration and social security | 45 | €21,447 | €49,954 | +€28,507 | +133% |
| Taxes | 450/3 | €10,560 | €9,532 | -€1,028 | -9.7% |
| Remuneration and social security | 454/9 | €10,887 | €40,422 | +€29,535 | +271% |
| Other amounts payable | 47/48 | €14,212 | €22,928 | +€8,716 | +61.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,750 | €16,750 | = | 0.0% |
| Other operating charges | 640/8 | €3,641 | €2,766 | -€875 | -24.0% |
| Gross operating margin | 9900 | €24,089 | €47,186 | +€23,097 | +95.9% |
| Operating profit (loss) | 9901 | €3,698 | €27,670 | +€23,972 | +648% |
| Financial income | 75/76B | €221 | - | -€221 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Non-recurring financial income | 76B | €120 | - | -€120 | |
| Financial charges | 65/66B | €2,760 | €2,497 | -€263 | -9.5% |
| Recurring financial charges | 65 | €2,760 | €2,497 | -€263 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,159 | €25,173 | +€24,014 | +2,072% |
| Income taxes | 67/77 | €2,552 | €6,980 | +€4,428 | +174% |
| Profit (loss) for the period | 9904 | -€1,393 | €18,193 | +€19,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,393 | €18,193 | +€19,586 |
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 29 October 2026 via checked.be.