IMMO 2: what changed
IMMO 2
Largest movements
- Cash +€20,070
up €20,070 (+39.7%), from €50,584 to €70,653
mainly Net result for the year (+€20,731) and Accrued charges and deferred income (+€386)
- Reserves +€141,838
up €141,838 (+10,476%), from €1,354 to €143,192
of which Distributable reserves: +€141,838
- Profit (loss) carried forward -€121,108
down €121,108 (-100%), from €121,108 to €0
- Gross operating margin +€1,453
up €1,453 (+5.7%), from €25,365 to €26,819
- Financial income +€933
up €933 (+242%), from €386 to €1,319
- Taxes +€786
up €786 (+13.2%), from €5,941 to €6,727
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,282 | €178,310 | +€21,028 | +13.4% |
| Fixed assets | 21/28 | €20,223 | €20,223 | = | 0.0% |
| Tangible fixed assets | 22/27 | €20,223 | €20,223 | = | 0.0% |
| Land and buildings | 22 | €20,223 | €20,223 | = | 0.0% |
| Current assets | 29/58 | €137,059 | €158,088 | +€21,028 | +15.3% |
| Amounts receivable within one year | 40/41 | €867 | €902 | +€35 | +4.1% |
| Other amounts receivable | 41 | €867 | €902 | +€35 | +4.1% |
| Current investments | 50/53 | €85,609 | €86,532 | +€923 | +1.1% |
| Cash at bank and in hand | 54/58 | €50,584 | €70,653 | +€20,070 | +39.7% |
| Total equity and liabilities | 10/49 | €157,282 | €178,310 | +€21,028 | +13.4% |
| Equity | 10/15 | €133,347 | €154,077 | +€20,731 | +15.5% |
| Contributions | 10/11 | €10,885 | €10,885 | = | 0.0% |
| Reserves | 13 | €1,354 | €143,192 | +€141,838 | +10,476% |
| Non-distributable reserves | 130/1 | €1,089 | €1,089 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,089 | €1,089 | = | 0.0% |
| Distributable reserves | 133 | €265 | €142,104 | +€141,838 | +53,427% |
| Profit (loss) carried forward | 14 | €121,108 | €0 | -€121,108 | -100% |
| Amounts payable | 17/49 | €23,935 | €24,233 | +€298 | +1.2% |
| Amounts payable within one year | 42/48 | €6,000 | €5,912 | -€88 | -1.5% |
| Trade debts | 44 | €2,000 | €2,080 | +€80 | +4.0% |
| Suppliers | 440/4 | €2,000 | €2,080 | +€80 | +4.0% |
| Taxes, remuneration and social security | 45 | €4,000 | €3,832 | -€168 | -4.2% |
| Taxes | 450/3 | €4,000 | €3,832 | -€168 | -4.2% |
| Accrued charges and deferred income | 492/3 | €17,935 | €18,321 | +€386 | +2.2% |
| Other operating charges | 640/8 | €555 | €620 | +€64 | +11.6% |
| Gross operating margin | 9900 | €25,365 | €26,819 | +€1,453 | +5.7% |
| Operating profit (loss) | 9901 | €24,810 | €26,199 | +€1,389 | +5.6% |
| Financial income | 75/76B | €386 | €1,319 | +€933 | +242% |
| Recurring financial income | 75 | €386 | €1,319 | +€933 | +242% |
| Financial charges | 65/66B | €30 | €60 | +€30 | +100% |
| Recurring financial charges | 65 | €30 | €60 | +€30 | +100% |
| Profit (loss) for the period before taxes | 9903 | €25,166 | €27,458 | +€2,292 | +9.1% |
| Income taxes | 67/77 | €5,941 | €6,727 | +€786 | +13.2% |
| Profit (loss) for the period | 9904 | €19,225 | €20,731 | +€1,506 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,225 | €20,731 | +€1,506 | +7.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.