IMMO BPC: 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.
IMMO BPC
Largest movements
- Tangible fixed assets +€134,037
up €134,037 (+86.8%), from €154,380 to €288,416
of which Land and buildings: +€139,961
- Cash +€35,484
up €35,484 (+164.3%), from €21,601 to €57,085
mainly Debts after one year (+€136,004) and Depreciation (+€41,678)
- Receivables within one year +€23,933
up €23,933 (+46.0%), from €52,053 to €75,986
of which Trade receivables: +€24,344
- Debts after one year +€136,004
up €136,004 (+84.1%), from €161,801 to €297,805
- Other debts +€19,746
up €19,746 (+27.0%), from €73,106 to €92,852
- Trade debts +€13,887
up €13,887 (+390.4%), from €3,557 to €17,444
- Profit (loss) carried forward +€10,831
up €10,831 (+7.5%), from -€145,335 to -€134,505
- Current portion of long-term debt +€9,466
up €9,466 (+43.5%), from €21,765 to €31,231
- Depreciation -€52,529
down €52,529 (-55.8%), from €94,207 to €41,678
- Gross operating margin +€37,400
up €37,400 (+44.2%), from €84,594 to €121,994
- Write-downs +€27,416
new in 2025: €27,416
- Other operating charges +€25,332
up €25,332 (+688.1%), from €3,681 to €29,013
- Purchases and services +€7,618
up €7,618 (+125.2%), from €6,087 to €13,705
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 | €278,658 | €468,906 | +€190,248 | +68.3% |
| Formation expenses | 20 | €47,767 | €44,957 | -€2,810 | -5.9% |
| Fixed assets | 21/28 | €157,237 | €290,559 | +€133,322 | +84.8% |
| Intangible fixed assets | 21 | €2,857 | €2,143 | -€715 | -25.0% |
| Tangible fixed assets | 22/27 | €154,380 | €288,416 | +€134,037 | +86.8% |
| Land and buildings | 22 | €147,015 | €286,976 | +€139,961 | +95.2% |
| Plant, machinery and equipment | 23 | €7,349 | €1,441 | -€5,908 | -80.4% |
| Furniture and vehicles | 24 | €16 | - | -€16 | |
| Current assets | 29/58 | €73,654 | €133,390 | +€59,736 | +81.1% |
| Amounts receivable within one year | 40/41 | €52,053 | €75,986 | +€23,933 | +46.0% |
| Trade receivables | 40 | €51,642 | €75,986 | +€24,344 | +47.1% |
| Other amounts receivable | 41 | €412 | - | -€412 | |
| Cash at bank and in hand | 54/58 | €21,601 | €57,085 | +€35,484 | +164.3% |
| Deferred charges and accrued income | 490/1 | - | €319 | +€319 | |
| Total equity and liabilities | 10/49 | €278,658 | €468,906 | +€190,248 | +68.3% |
| Equity | 10/15 | €18,429 | €29,259 | +€10,831 | +58.8% |
| Contributions | 10/11 | €108,938 | €108,938 | = | 0.0% |
| Capital | 10 | €108,938 | €108,938 | = | 0.0% |
| Issued capital | 100 | €108,938 | €108,938 | = | 0.0% |
| Reserves | 13 | €54,826 | €54,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,759 | €54,759 | = | 0.0% |
| Distributable reserves | 133 | €67 | €67 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,335 | -€134,505 | +€10,831 | +7.5% |
| Amounts payable | 17/49 | €260,229 | €439,646 | +€179,418 | +68.9% |
| Amounts payable after more than one year | 17 | €161,801 | €297,805 | +€136,004 | +84.1% |
| Financial debts | 170/4 | €161,801 | €297,805 | +€136,004 | +84.1% |
| Amounts payable within one year | 42/48 | €98,428 | €141,842 | +€43,414 | +44.1% |
| Current portion of amounts payable after more than one year | 42 | €21,765 | €31,231 | +€9,466 | +43.5% |
| Trade debts | 44 | €3,557 | €17,444 | +€13,887 | +390.4% |
| Suppliers | 440/4 | €3,557 | €17,444 | +€13,887 | +390.4% |
| Taxes, remuneration and social security | 45 | - | €315 | +€315 | |
| Taxes | 450/3 | - | €315 | +€315 | |
| Other amounts payable | 47/48 | €73,106 | €92,852 | +€19,746 | +27.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,087 | €13,705 | +€7,618 | +125.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,207 | €41,678 | -€52,529 | -55.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,416 | +€27,416 | |
| Other operating charges | 640/8 | €3,681 | €29,013 | +€25,332 | +688.1% |
| Gross operating margin | 9900 | €84,594 | €121,994 | +€37,400 | +44.2% |
| Operating profit (loss) | 9901 | -€13,295 | €23,887 | +€37,181 | |
| Financial charges | 65/66B | €6,077 | €13,056 | +€6,979 | +114.8% |
| Recurring financial charges | 65 | €6,077 | €13,056 | +€6,979 | +114.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,372 | €10,831 | +€30,202 | |
| Profit (loss) for the period | 9904 | -€19,372 | €10,831 | +€30,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,372 | €10,831 | +€30,202 |
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.