IMMO BPCS: 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 BPCS
Largest movements
- Tangible fixed assets -€751,345
down €751,345 (-49.5%), from €1.5m to €764,998
- Receivables within one year +€579,863
up €579,863 (+1302.8%), from €44,510 to €624,374
of which Other amounts receivable: +€592,787
- Debts after one year -€769,654
down €769,654 (-81.0%), from €950,373 to €180,719
- Reserves +€546,551
up €546,551 (+164.3%), from €332,716 to €879,267
of which Tax-exempt reserves: +€546,551
- Provisions +€182,184
new in 2025: €182,184
- Current portion of long-term debt -€87,589
down €87,589 (-65.9%), from €132,932 to €45,343
- Other debts -€45,474
down €45,474 (-100.0%), from €45,474 to €0
- Gross operating margin +€658,506
up €658,506 (+379.7%), from €173,406 to €831,912
- Depreciation -€30,636
down €30,636 (-49.8%), from €61,515 to €30,879
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 | €1,596,556 | €1,429,611 | -€166,945 | -10.5% |
| Fixed assets | 21/28 | €1,516,343 | €764,998 | -€751,345 | -49.5% |
| Tangible fixed assets | 22/27 | €1,516,343 | €764,998 | -€751,345 | -49.5% |
| Land and buildings | 22 | €1,516,343 | €764,998 | -€751,345 | -49.5% |
| Current assets | 29/58 | €80,213 | €664,613 | +€584,400 | +728.6% |
| Amounts receivable within one year | 40/41 | €44,510 | €624,374 | +€579,863 | +1302.8% |
| Trade receivables | 40 | €13,424 | €500 | -€12,924 | -96.3% |
| Other amounts receivable | 41 | €31,087 | €623,874 | +€592,787 | +1906.9% |
| Cash at bank and in hand | 54/58 | €26,444 | €37,427 | +€10,983 | +41.5% |
| Deferred charges and accrued income | 490/1 | €9,259 | €2,813 | -€6,446 | -69.6% |
| Total equity and liabilities | 10/49 | €1,596,556 | €1,429,611 | -€166,945 | -10.5% |
| Equity | 10/15 | €457,388 | €1,013,820 | +€556,432 | +121.7% |
| Contributions | 10/11 | €64,523 | €64,523 | = | 0.0% |
| Capital | 10 | €64,523 | €64,523 | = | 0.0% |
| Issued capital | 100 | €64,523 | €64,523 | = | 0.0% |
| Reserves | 13 | €332,716 | €879,267 | +€546,551 | +164.3% |
| Non-distributable reserves | 130/1 | €64,452 | €64,452 | = | 0.0% |
| Legal reserve | 130 | €64,452 | €64,452 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €546,551 | +€546,551 | |
| Distributable reserves | 133 | €268,264 | €268,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,148 | €70,029 | +€9,881 | +16.4% |
| Provisions and deferred taxes | 16 | - | €182,184 | +€182,184 | |
| Deferred taxes | 168 | - | €182,184 | +€182,184 | |
| Amounts payable | 17/49 | €1,139,168 | €233,608 | -€905,560 | -79.5% |
| Amounts payable after more than one year | 17 | €950,373 | €180,719 | -€769,654 | -81.0% |
| Financial debts | 170/4 | €950,373 | €180,719 | -€769,654 | -81.0% |
| Amounts payable within one year | 42/48 | €188,796 | €52,889 | -€135,906 | -72.0% |
| Current portion of amounts payable after more than one year | 42 | €132,932 | €45,343 | -€87,589 | -65.9% |
| Trade debts | 44 | €10,389 | €6,020 | -€4,369 | -42.1% |
| Suppliers | 440/4 | €10,389 | €6,020 | -€4,369 | -42.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,526 | +€1,526 | |
| Taxes | 450/3 | €0 | €1,526 | +€1,526 | |
| Other amounts payable | 47/48 | €45,474 | €0 | -€45,474 | -100.0% |
| Non-recurring operating income | 76A | - | €732,182 | +€732,182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,515 | €30,879 | -€30,636 | -49.8% |
| Other operating charges | 640/8 | €4,449 | €4,367 | -€82 | -1.8% |
| Gross operating margin | 9900 | €173,406 | €831,912 | +€658,506 | +379.7% |
| Operating profit (loss) | 9901 | €107,442 | €796,666 | +€689,224 | +641.5% |
| Financial income | 75/76B | €0 | €382 | +€382 | |
| Recurring financial income | 75 | €0 | €382 | +€382 | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €59,937 | €54,292 | -€5,645 | -9.4% |
| Recurring financial charges | 65 | €17,937 | €12,292 | -€5,645 | -31.5% |
| Non-recurring financial charges | 66B | €42,000 | €42,000 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €47,505 | €742,756 | +€695,251 | +1463.5% |
| Transfer to deferred taxes | 680 | - | €182,184 | +€182,184 | |
| Income taxes | 67/77 | €7,787 | €4,141 | -€3,646 | -46.8% |
| Profit (loss) for the period | 9904 | €39,718 | €556,432 | +€516,714 | +1301.0% |
| Transfer to tax-exempt reserves | 689 | - | €546,551 | +€546,551 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,718 | €9,881 | -€29,837 | -75.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.