Immo Boskema: 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.
Immo Boskema
Largest movements
- Tangible fixed assets -€46,018
down €46,018 (-4.7%), from €973,066 to €927,049
of which Land and buildings: -€48,398
- Cash +€16,481
up €16,481 (+59.0%), from €27,955 to €44,436
mainly Net result for the year (+€51,286) and Depreciation (+€50,138)
- Debts after one year -€89,087
down €89,087 (-13.0%), from €684,597 to €595,510
- Reserves +€51,286
up €51,286 (+27.4%), from €186,897 to €238,183
- Taxes +€6,835
up €6,835 (+41.1%), from €16,614 to €23,449
- Gross operating margin +€5,715
up €5,715 (+4.2%), from €136,964 to €142,679
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 | €1,003,096 | €972,046 | -€31,050 | -3.1% |
| Fixed assets | 21/28 | €973,066 | €927,049 | -€46,018 | -4.7% |
| Tangible fixed assets | 22/27 | €973,066 | €927,049 | -€46,018 | -4.7% |
| Land and buildings | 22 | €961,221 | €912,822 | -€48,398 | -5.0% |
| Plant, machinery and equipment | 23 | €11,846 | €14,226 | +€2,381 | +20.1% |
| Current assets | 29/58 | €30,030 | €44,998 | +€14,968 | +49.8% |
| Amounts receivable within one year | 40/41 | €1,475 | €55 | -€1,420 | -96.3% |
| Other amounts receivable | 41 | €1,475 | €55 | -€1,420 | -96.3% |
| Cash at bank and in hand | 54/58 | €27,955 | €44,436 | +€16,481 | +59.0% |
| Deferred charges and accrued income | 490/1 | €600 | €507 | -€93 | -15.6% |
| Total equity and liabilities | 10/49 | €1,003,096 | €972,046 | -€31,050 | -3.1% |
| Equity | 10/15 | €226,897 | €278,183 | +€51,286 | +22.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €186,897 | €238,183 | +€51,286 | +27.4% |
| Distributable reserves | 133 | €186,897 | €238,183 | +€51,286 | +27.4% |
| Amounts payable | 17/49 | €776,199 | €693,863 | -€82,336 | -10.6% |
| Amounts payable after more than one year | 17 | €684,597 | €595,510 | -€89,087 | -13.0% |
| Financial debts | 170/4 | €684,597 | €595,510 | -€89,087 | -13.0% |
| Amounts payable within one year | 42/48 | €91,602 | €98,353 | +€6,752 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €87,550 | €89,087 | +€1,538 | +1.8% |
| Trade debts | 44 | €4,052 | €0 | -€4,052 | -100% |
| Suppliers | 440/4 | €4,052 | €0 | -€4,052 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €8,449 | +€8,449 | |
| Taxes | 450/3 | €0 | €8,449 | +€8,449 | |
| Other amounts payable | 47/48 | - | €817 | +€817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,049 | €50,138 | +€88 | +0.2% |
| Other operating charges | 640/8 | €6,915 | €6,461 | -€453 | -6.6% |
| Gross operating margin | 9900 | €136,964 | €142,679 | +€5,715 | +4.2% |
| Operating profit (loss) | 9901 | €80,000 | €86,080 | +€6,079 | +7.6% |
| Financial charges | 65/66B | €12,763 | €11,345 | -€1,418 | -11.1% |
| Recurring financial charges | 65 | €12,763 | €11,345 | -€1,418 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €67,237 | €74,735 | +€7,498 | +11.2% |
| Income taxes | 67/77 | €16,614 | €23,449 | +€6,835 | +41.1% |
| Profit (loss) for the period | 9904 | €50,623 | €51,286 | +€662 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,623 | €51,286 | +€662 | +1.3% |
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 20 October 2026 via checked.be.