NIPPO - 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.
NIPPO - IMMO
Largest movements
- Tangible fixed assets -€25,454
down €25,454 (-6.2%), from €410,195 to €384,742
of which Plant, machinery and equipment: -€15,166
- Cash +€16,623
up €16,623 (+312.2%), from €5,325 to €21,948
mainly Depreciation (+€25,454) and Net result for the year (+€9,784)
- Accrued charges and deferred income -€9,943
down €9,943 (-79.6%), from €12,499 to €2,556
- Profit (loss) carried forward +€9,784
up €9,784 (+22.4%), from -€43,708 to -€33,924
- Current portion of long-term debt -€8,207
no longer reported in 2025 (was €8,207)
- Financial charges +€6,748
up €6,748 (+18.9%), from €35,642 to €42,390
- Gross operating margin +€2,541
up €2,541 (+3.1%), from €80,679 to €83,220
- Depreciation -€2,476
down €2,476 (-8.9%), from €27,929 to €25,454
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 | €770,039 | €761,117 | -€8,922 | -1.2% |
| Fixed assets | 21/28 | €764,249 | €738,796 | -€25,454 | -3.3% |
| Tangible fixed assets | 22/27 | €410,195 | €384,742 | -€25,454 | -6.2% |
| Land and buildings | 22 | €363,224 | €352,937 | -€10,287 | -2.8% |
| Plant, machinery and equipment | 23 | €46,971 | €31,805 | -€15,166 | -32.3% |
| Financial fixed assets | 28 | €354,054 | €354,054 | = | 0.0% |
| Current assets | 29/58 | €5,790 | €22,322 | +€16,532 | +285.5% |
| Cash at bank and in hand | 54/58 | €5,325 | €21,948 | +€16,623 | +312.2% |
| Deferred charges and accrued income | 490/1 | €465 | €374 | -€92 | -19.7% |
| Total equity and liabilities | 10/49 | €770,039 | €761,117 | -€8,922 | -1.2% |
| Equity | 10/15 | €23,670 | €33,454 | +€9,784 | +41.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,378 | €5,378 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,213 | €3,213 | = | 0.0% |
| Legal reserve | 130 | €3,213 | €3,213 | = | 0.0% |
| Distributable reserves | 133 | €2,165 | €2,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,708 | -€33,924 | +€9,784 | +22.4% |
| Amounts payable | 17/49 | €746,369 | €727,663 | -€18,706 | -2.5% |
| Amounts payable after more than one year | 17 | €705,000 | €705,000 | = | 0.0% |
| Financial debts | 170/4 | €705,000 | €705,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,870 | €20,108 | -€8,763 | -30.4% |
| Current portion of amounts payable after more than one year | 42 | €8,207 | - | -€8,207 | |
| Trade debts | 44 | €10,601 | €9,849 | -€753 | -7.1% |
| Suppliers | 440/4 | €10,601 | €9,849 | -€753 | -7.1% |
| Other amounts payable | 47/48 | €10,062 | €10,259 | +€197 | +2.0% |
| Accrued charges and deferred income | 492/3 | €12,499 | €2,556 | -€9,943 | -79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,929 | €25,454 | -€2,476 | -8.9% |
| Other operating charges | 640/8 | €5,480 | €5,592 | +€112 | +2.0% |
| Gross operating margin | 9900 | €80,679 | €83,220 | +€2,541 | +3.1% |
| Operating profit (loss) | 9901 | €47,270 | €52,175 | +€4,905 | +10.4% |
| Financial charges | 65/66B | €35,642 | €42,390 | +€6,748 | +18.9% |
| Recurring financial charges | 65 | €35,642 | €42,390 | +€6,748 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €11,628 | €9,784 | -€1,844 | -15.9% |
| Profit (loss) for the period | 9904 | €11,628 | €9,784 | -€1,844 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,628 | €9,784 | -€1,844 | -15.9% |
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 8 October 2026 via checked.be.