Original 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.
Original immo
Largest movements
- Tangible fixed assets -€9,901
down €9,901 (-4.0%), from €247,260 to €237,359
of which Land and buildings: -€6,165
- Reserves +€25,556
up €25,556 (+37.2%), from €68,698 to €94,254
of which Distributable reserves: +€25,556
- Trade debts -€16,134
down €16,134 (-38.7%), from €41,711 to €25,578
- Debts after one year -€15,203
down €15,203 (-9.4%), from €161,797 to €146,594
- Tax, wage and social debts -€4,557
down €4,557 (-72.6%), from €6,277 to €1,720
of which Remuneration and social security: -€3,311
- Other debts +€3,751
up €3,751 (+230.6%), from €1,626 to €5,377
- Gross operating margin +€134,839
up €134,839 (+27.4%), from €492,092 to €626,931
- Staff costs +€101,887
up €101,887 (+22.0%), from €463,535 to €565,421
- Taxes +€7,504
up €7,504 (+142.8%), from €5,255 to €12,759
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 | €315,209 | €308,799 | -€6,410 | -2.0% |
| Fixed assets | 21/28 | €247,260 | €237,359 | -€9,901 | -4.0% |
| Tangible fixed assets | 22/27 | €247,260 | €237,359 | -€9,901 | -4.0% |
| Land and buildings | 22 | €237,750 | €231,585 | -€6,165 | -2.6% |
| Furniture and vehicles | 24 | €9,510 | €5,774 | -€3,735 | -39.3% |
| Current assets | 29/58 | €67,949 | €71,440 | +€3,491 | +5.1% |
| Amounts receivable within one year | 40/41 | €63,565 | €64,339 | +€774 | +1.2% |
| Trade receivables | 40 | €17,181 | €29,140 | +€11,959 | +69.6% |
| Other amounts receivable | 41 | €46,385 | €35,199 | -€11,185 | -24.1% |
| Cash at bank and in hand | 54/58 | €212 | €870 | +€657 | +310.0% |
| Deferred charges and accrued income | 490/1 | €4,172 | €6,231 | +€2,059 | +49.4% |
| Total equity and liabilities | 10/49 | €315,209 | €308,799 | -€6,410 | -2.0% |
| Equity | 10/15 | €88,698 | €114,254 | +€25,556 | +28.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,698 | €94,254 | +€25,556 | +37.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €68,698 | €94,254 | +€25,556 | +37.2% |
| Amounts payable | 17/49 | €226,510 | €194,545 | -€31,966 | -14.1% |
| Amounts payable after more than one year | 17 | €161,797 | €146,594 | -€15,203 | -9.4% |
| Financial debts | 170/4 | €161,797 | €146,594 | -€15,203 | -9.4% |
| Amounts payable within one year | 42/48 | €64,640 | €47,878 | -€16,763 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €15,025 | €15,203 | +€178 | +1.2% |
| Trade debts | 44 | €41,711 | €25,578 | -€16,134 | -38.7% |
| Suppliers | 440/4 | €41,711 | €25,578 | -€16,134 | -38.7% |
| Taxes, remuneration and social security | 45 | €6,277 | €1,720 | -€4,557 | -72.6% |
| Taxes | 450/3 | €2,967 | €1,720 | -€1,247 | -42.0% |
| Remuneration and social security | 454/9 | €3,311 | €0 | -€3,311 | -100.0% |
| Other amounts payable | 47/48 | €1,626 | €5,377 | +€3,751 | +230.6% |
| Accrued charges and deferred income | 492/3 | €73 | €73 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €463,535 | €565,421 | +€101,887 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,157 | €11,806 | -€2,352 | -16.6% |
| Other operating charges | 640/8 | €1,327 | €1,684 | +€357 | +26.9% |
| Non-recurring operating charges | 66A | €898 | €3,872 | +€2,974 | +331.4% |
| Gross operating margin | 9900 | €492,092 | €626,931 | +€134,839 | +27.4% |
| Operating profit (loss) | 9901 | €12,176 | €44,148 | +€31,973 | +262.6% |
| Financial income | 75/76B | €107 | €62 | -€45 | -42.2% |
| Recurring financial income | 75 | €107 | €62 | -€45 | -42.2% |
| Financial charges | 65/66B | €2,279 | €5,895 | +€3,616 | +158.6% |
| Recurring financial charges | 65 | €2,279 | €5,895 | +€3,616 | +158.6% |
| Profit (loss) for the period before taxes | 9903 | €10,004 | €38,315 | +€28,312 | +283.0% |
| Income taxes | 67/77 | €5,255 | €12,759 | +€7,504 | +142.8% |
| Profit (loss) for the period | 9904 | €4,748 | €25,556 | +€20,808 | +438.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,748 | €25,556 | +€20,808 | +438.2% |
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 11 October 2026 via checked.be.