CORPACK - 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.
CORPACK - IMMO
Largest movements
- Receivables within one year +€468,361
up €468,361 (+42.6%), from €1.1m to €1.6m
of which Trade receivables: +€415,040
- Tangible fixed assets -€135,599
down €135,599 (-5.9%), from €2.3m to €2.2m
of which Land and buildings: -€104,999
- Profit (loss) carried forward +€395,250
up €395,250 (+33.7%), from €1.2m to €1.6m
- Tax, wage and social debts +€143,880
up €143,880 (+103%), from €139,550 to €283,430
- Debts after one year -€139,667
down €139,667 (-9.1%), from €1.5m to €1.4m
- Trade debts -€43,058
down €43,058 (-100%), from €43,058 to €0
- Financial income +€46,595
up €46,595 (+28.3%), from €164,399 to €210,994
- Depreciation +€15,558
up €15,558 (+12.6%), from €123,009 to €138,567
- Taxes +€8,561
up €8,561 (+6.3%), from €135,320 to €143,880
- Other operating charges +€5,922
up €5,922 (+13.6%), from €43,452 to €49,375
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.
Derived cash bridge
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 | €3,429,762 | €3,741,497 | +€311,735 | +9.1% |
| Fixed assets | 21/28 | €2,306,854 | €2,171,256 | -€135,599 | -5.9% |
| Tangible fixed assets | 22/27 | €2,303,854 | €2,168,256 | -€135,599 | -5.9% |
| Land and buildings | 22 | €1,860,154 | €1,755,156 | -€104,999 | -5.6% |
| Plant, machinery and equipment | 23 | €443,700 | €413,100 | -€30,600 | -6.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,122,908 | €1,570,242 | +€447,334 | +39.8% |
| Amounts receivable within one year | 40/41 | €1,099,421 | €1,567,782 | +€468,361 | +42.6% |
| Trade receivables | 40 | €202,127 | €617,167 | +€415,040 | +205% |
| Other amounts receivable | 41 | €897,294 | €950,614 | +€53,321 | +5.9% |
| Cash at bank and in hand | 54/58 | €23,487 | €2,460 | -€21,027 | -89.5% |
| Total equity and liabilities | 10/49 | €3,429,762 | €3,741,497 | +€311,735 | +9.1% |
| Equity | 10/15 | €1,495,932 | €1,859,725 | +€363,793 | +24.3% |
| Contributions | 10/11 | €131,992 | €131,992 | = | 0.0% |
| Reserves | 13 | €192,277 | €160,821 | -€31,457 | -16.4% |
| Non-distributable reserves | 130/1 | €13,199 | €13,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,199 | €13,199 | = | 0.0% |
| Tax-exempt reserves | 132 | €179,078 | €147,622 | -€31,457 | -17.6% |
| Profit (loss) carried forward | 14 | €1,171,663 | €1,566,912 | +€395,250 | +33.7% |
| Provisions and deferred taxes | 16 | €75,222 | €62,009 | -€13,213 | -17.6% |
| Deferred taxes | 168 | €75,222 | €62,009 | -€13,213 | -17.6% |
| Amounts payable | 17/49 | €1,858,608 | €1,819,764 | -€38,844 | -2.1% |
| Amounts payable after more than one year | 17 | €1,536,333 | €1,396,667 | -€139,667 | -9.1% |
| Financial debts | 170/4 | €1,536,333 | €1,396,667 | -€139,667 | -9.1% |
| Amounts payable within one year | 42/48 | €322,275 | €423,097 | +€100,822 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €139,667 | €139,667 | = | 0.0% |
| Trade debts | 44 | €43,058 | €0 | -€43,058 | -100% |
| Suppliers | 440/4 | €43,058 | €0 | -€43,058 | -100% |
| Taxes, remuneration and social security | 45 | €139,550 | €283,430 | +€143,880 | +103% |
| Taxes | 450/3 | €139,550 | €283,430 | +€143,880 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,009 | €138,567 | +€15,558 | +12.6% |
| Other operating charges | 640/8 | €43,452 | €49,375 | +€5,922 | +13.6% |
| Gross operating margin | 9900 | €507,647 | €508,106 | +€459 | +0.1% |
| Operating profit (loss) | 9901 | €341,186 | €320,164 | -€21,022 | -6.2% |
| Financial income | 75/76B | €164,399 | €210,994 | +€46,595 | +28.3% |
| Recurring financial income | 75 | €164,399 | €210,994 | +€46,595 | +28.3% |
| Financial charges | 65/66B | €38,145 | €36,698 | -€1,447 | -3.8% |
| Recurring financial charges | 65 | €38,145 | €36,698 | -€1,447 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €467,440 | €494,460 | +€27,020 | +5.8% |
| Transfer from deferred taxes | 780 | €13,213 | €13,213 | = | 0.0% |
| Income taxes | 67/77 | €135,320 | €143,880 | +€8,561 | +6.3% |
| Profit (loss) for the period | 9904 | €345,334 | €363,793 | +€18,459 | +5.3% |
| Transfer from tax-exempt reserves | 789 | €31,457 | €31,457 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €376,791 | €395,250 | +€18,459 | +4.9% |
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 22 October 2026 via checked.be.