BAPIMMO: 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.
BAPIMMO
Largest movements
- Tangible fixed assets -€23,045
down €23,045 (-2.4%), from €957,740 to €934,695
- Cash +€21,509
up €21,509 (+80.1%), from €26,868 to €48,377
mainly Net result for the year (+€63,854) and Depreciation (+€23,045)
- Debts after one year -€67,578
down €67,578 (-16.1%), from €420,336 to €352,757
- Reserves +€64,866
up €64,866 (+13.9%), from €466,458 to €531,324
of which Distributable reserves: +€66,324
No income-statement line moved by more than 1% of the activity.
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 | €1,038,920 | €1,037,763 | -€1,157 | -0.1% |
| Fixed assets | 21/28 | €957,740 | €934,695 | -€23,045 | -2.4% |
| Tangible fixed assets | 22/27 | €957,740 | €934,695 | -€23,045 | -2.4% |
| Land and buildings | 22 | €957,740 | €934,695 | -€23,045 | -2.4% |
| Current assets | 29/58 | €81,180 | €103,068 | +€21,888 | +27.0% |
| Amounts receivable within one year | 40/41 | €52,680 | €52,680 | = | 0.0% |
| Other amounts receivable | 41 | €52,680 | €52,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,868 | €48,377 | +€21,509 | +80.1% |
| Deferred charges and accrued income | 490/1 | €1,631 | €2,011 | +€379 | +23.3% |
| Total equity and liabilities | 10/49 | €1,038,920 | €1,037,763 | -€1,157 | -0.1% |
| Equity | 10/15 | €550,471 | €614,324 | +€63,854 | +11.6% |
| Contributions | 10/11 | €83,000 | €83,000 | = | 0.0% |
| Reserves | 13 | €466,458 | €531,324 | +€64,866 | +13.9% |
| Tax-exempt reserves | 132 | €1,458 | €0 | -€1,458 | -100.0% |
| Distributable reserves | 133 | €465,000 | €531,324 | +€66,324 | +14.3% |
| Profit (loss) carried forward | 14 | €1,012 | €0 | -€1,012 | -100.0% |
| Amounts payable | 17/49 | €488,449 | €423,438 | -€65,011 | -13.3% |
| Amounts payable after more than one year | 17 | €420,336 | €352,757 | -€67,578 | -16.1% |
| Financial debts | 170/4 | €420,336 | €352,757 | -€67,578 | -16.1% |
| Amounts payable within one year | 42/48 | €68,114 | €70,681 | +€2,568 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €66,620 | €67,578 | +€958 | +1.4% |
| Trade debts | 44 | €0 | €325 | +€325 | |
| Suppliers | 440/4 | €0 | €325 | +€325 | |
| Taxes, remuneration and social security | 45 | €1,494 | €2,778 | +€1,285 | +86.0% |
| Taxes | 450/3 | €1,494 | €2,778 | +€1,285 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,815 | €23,045 | +€230 | +1.0% |
| Other operating charges | 640/8 | €5,760 | €5,939 | +€179 | +3.1% |
| Gross operating margin | 9900 | €120,851 | €120,825 | -€26 | 0.0% |
| Operating profit (loss) | 9901 | €92,276 | €91,841 | -€436 | -0.5% |
| Financial charges | 65/66B | €7,529 | €6,702 | -€827 | -11.0% |
| Recurring financial charges | 65 | €7,529 | €6,702 | -€827 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €84,747 | €85,138 | +€391 | +0.5% |
| Income taxes | 67/77 | €21,494 | €21,285 | -€209 | -1.0% |
| Profit (loss) for the period | 9904 | €63,254 | €63,854 | +€600 | +0.9% |
| Transfer from tax-exempt reserves | 789 | €2,500 | €1,458 | -€1,042 | -41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,754 | €65,312 | -€442 | -0.7% |
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 28 September 2026 via checked.be.