2C 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.
2C IMMO
Largest movements
- Tangible fixed assets -€36,696
down €36,696 (-6.6%), from €556,384 to €519,688
of which Land and buildings: -€25,503
- Receivables within one year -€36,192
down €36,192 (-71.3%), from €50,778 to €14,586
of which Trade receivables: -€19,692
- Cash +€7,905
up €7,905 (+511.3%), from €1,546 to €9,451
mainly Depreciation (+€36,696) and Receivables within one year (+€36,192)
- Debts after one year -€34,463
down €34,463 (-11.7%), from €295,462 to €260,999
- Tax, wage and social debts -€34,135
down €34,135 (-73.0%), from €46,746 to €12,611
of which Taxes: -€31,793
- Trade debts -€22,656
no longer reported in 2025 (was €22,656)
- Reserves +€22,570
up €22,570 (+12.1%), from €185,984 to €208,554
- Staff costs -€16,940
down €16,940 (-26.8%), from €63,250 to €46,310
- Gross operating margin -€5,453
down €5,453 (-4.1%), from €132,262 to €126,809
- Depreciation +€2,572
up €2,572 (+7.5%), from €34,124 to €36,696
- Other operating charges +€2,563
up €2,563 (+617.6%), from €415 to €2,978
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 | €609,403 | €544,420 | -€64,983 | -10.7% |
| Fixed assets | 21/28 | €557,079 | €520,383 | -€36,696 | -6.6% |
| Tangible fixed assets | 22/27 | €556,384 | €519,688 | -€36,696 | -6.6% |
| Land and buildings | 22 | €458,331 | €432,828 | -€25,503 | -5.6% |
| Plant, machinery and equipment | 23 | €98,053 | €86,860 | -€11,193 | -11.4% |
| Financial fixed assets | 28 | €695 | €695 | = | 0.0% |
| Current assets | 29/58 | €52,324 | €24,037 | -€28,287 | -54.1% |
| Amounts receivable within one year | 40/41 | €50,778 | €14,586 | -€36,192 | -71.3% |
| Trade receivables | 40 | €34,278 | €14,586 | -€19,692 | -57.4% |
| Other amounts receivable | 41 | €16,500 | - | -€16,500 | |
| Cash at bank and in hand | 54/58 | €1,546 | €9,451 | +€7,905 | +511.3% |
| Total equity and liabilities | 10/49 | €609,403 | €544,420 | -€64,983 | -10.7% |
| Equity | 10/15 | €204,921 | €227,491 | +€22,570 | +11.0% |
| Contributions | 10/11 | €18,937 | €18,937 | -€0 | 0.0% |
| Reserves | 13 | €185,984 | €208,554 | +€22,570 | +12.1% |
| Distributable reserves | 133 | €185,984 | €208,554 | +€22,570 | +12.1% |
| Amounts payable | 17/49 | €404,482 | €316,929 | -€87,553 | -21.6% |
| Amounts payable after more than one year | 17 | €295,462 | €260,999 | -€34,463 | -11.7% |
| Financial debts | 170/4 | €295,462 | €260,999 | -€34,463 | -11.7% |
| Amounts payable within one year | 42/48 | €109,020 | €55,930 | -€53,090 | -48.7% |
| Current portion of amounts payable after more than one year | 42 | €33,742 | €37,403 | +€3,661 | +10.9% |
| Trade debts | 44 | €22,656 | - | -€22,656 | |
| Suppliers | 440/4 | €22,656 | - | -€22,656 | |
| Taxes, remuneration and social security | 45 | €46,746 | €12,611 | -€34,135 | -73.0% |
| Taxes | 450/3 | €39,210 | €7,417 | -€31,793 | -81.1% |
| Remuneration and social security | 454/9 | €7,536 | €5,194 | -€2,342 | -31.1% |
| Other amounts payable | 47/48 | €5,876 | €5,916 | +€40 | +0.7% |
| Remuneration, social security and pensions | 62 | €63,250 | €46,310 | -€16,940 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,124 | €36,696 | +€2,572 | +7.5% |
| Other operating charges | 640/8 | €415 | €2,978 | +€2,563 | +617.6% |
| Gross operating margin | 9900 | €132,262 | €126,809 | -€5,453 | -4.1% |
| Operating profit (loss) | 9901 | €34,474 | €40,825 | +€6,351 | +18.4% |
| Financial charges | 65/66B | €10,461 | €9,208 | -€1,253 | -12.0% |
| Recurring financial charges | 65 | €10,461 | €9,208 | -€1,253 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €24,013 | €31,617 | +€7,604 | +31.7% |
| Income taxes | 67/77 | €7,909 | €9,047 | +€1,138 | +14.4% |
| Profit (loss) for the period | 9904 | €16,104 | €22,570 | +€6,466 | +40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,104 | €22,570 | +€6,466 | +40.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.