IMMO CAS: 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 CAS
Largest movements
- Tangible fixed assets -€36,461
down €36,461 (-5.0%), from €733,135 to €696,674
of which Land and buildings: -€27,527
- Debts after one year -€26,750
down €26,750 (-51.9%), from €51,551 to €24,801
- Current portion of long-term debt -€19,323
down €19,323 (-41.9%), from €46,074 to €26,750
- Reserves +€18,802
up €18,802 (+3.5%), from €540,936 to €559,738
of which Distributable reserves: +€19,118
- Other debts -€17,327
down €17,327 (-16.4%), from €105,623 to €88,296
- Accrued charges and deferred income -€13,200
no longer reported in 2025 (was €13,200)
- Gross operating margin +€10,002
up €10,002 (+12.9%), from €77,346 to €87,348
- Taxes +€8,243
up €8,243 (+314.1%), from €2,625 to €10,867
- Financial charges -€1,262
down €1,262 (-30.5%), from €4,131 to €2,869
- Depreciation +€1,118
up €1,118 (+2.4%), from €46,521 to €47,639
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 | €793,969 | €749,723 | -€44,246 | -5.6% |
| Fixed assets | 21/28 | €733,135 | €696,674 | -€36,461 | -5.0% |
| Tangible fixed assets | 22/27 | €733,135 | €696,674 | -€36,461 | -5.0% |
| Land and buildings | 22 | €709,108 | €681,581 | -€27,527 | -3.9% |
| Plant, machinery and equipment | 23 | €21,483 | €12,549 | -€8,934 | -41.6% |
| Furniture and vehicles | 24 | €2,544 | €2,544 | = | 0.0% |
| Current assets | 29/58 | €60,834 | €53,049 | -€7,785 | -12.8% |
| Stocks and contracts in progress | 3 | €1,100 | €2,234 | +€1,135 | +103.2% |
| Stocks | 30/36 | €1,100 | €2,234 | +€1,135 | +103.2% |
| Amounts receivable within one year | 40/41 | €17,318 | €16,150 | -€1,168 | -6.7% |
| Trade receivables | 40 | €16,723 | €16,150 | -€572 | -3.4% |
| Other amounts receivable | 41 | €596 | - | -€596 | |
| Cash at bank and in hand | 54/58 | €40,771 | €34,664 | -€6,107 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,645 | - | -€1,645 | |
| Total equity and liabilities | 10/49 | €793,969 | €749,723 | -€44,246 | -5.6% |
| Equity | 10/15 | €560,936 | €579,738 | +€18,802 | +3.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €540,936 | €559,738 | +€18,802 | +3.5% |
| Tax-exempt reserves | 132 | €6,734 | €6,419 | -€316 | -4.7% |
| Distributable reserves | 133 | €534,202 | €553,319 | +€19,118 | +3.6% |
| Provisions and deferred taxes | 16 | €2,245 | €2,140 | -€105 | -4.7% |
| Deferred taxes | 168 | €2,245 | €2,140 | -€105 | -4.7% |
| Amounts payable | 17/49 | €230,788 | €167,845 | -€62,943 | -27.3% |
| Amounts payable after more than one year | 17 | €51,551 | €24,801 | -€26,750 | -51.9% |
| Financial debts | 170/4 | €51,551 | €24,801 | -€26,750 | -51.9% |
| Amounts payable within one year | 42/48 | €166,037 | €143,044 | -€22,993 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €46,074 | €26,750 | -€19,323 | -41.9% |
| Financial debts | 43 | €4,705 | - | -€4,705 | |
| Credit institutions | 430/8 | €4,705 | - | -€4,705 | |
| Trade debts | 44 | €2,331 | €12,680 | +€10,348 | +443.9% |
| Suppliers | 440/4 | €2,331 | €12,680 | +€10,348 | +443.9% |
| Taxes, remuneration and social security | 45 | €7,304 | €15,319 | +€8,014 | +109.7% |
| Taxes | 450/3 | €7,304 | €15,319 | +€8,014 | +109.7% |
| Other amounts payable | 47/48 | €105,623 | €88,296 | -€17,327 | -16.4% |
| Accrued charges and deferred income | 492/3 | €13,200 | - | -€13,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,521 | €47,639 | +€1,118 | +2.4% |
| Other operating charges | 640/8 | €5,595 | €5,375 | -€221 | -3.9% |
| Gross operating margin | 9900 | €77,346 | €87,348 | +€10,002 | +12.9% |
| Operating profit (loss) | 9901 | €25,229 | €34,334 | +€9,105 | +36.1% |
| Financial income | 75/76B | €87 | €99 | +€12 | +14.0% |
| Recurring financial income | 75 | €87 | €99 | +€12 | +14.0% |
| Financial charges | 65/66B | €4,131 | €2,869 | -€1,262 | -30.5% |
| Recurring financial charges | 65 | €4,131 | €2,869 | -€1,262 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €21,185 | €31,564 | +€10,379 | +49.0% |
| Transfer from deferred taxes | 780 | €105 | €105 | = | 0.0% |
| Income taxes | 67/77 | €2,625 | €10,867 | +€8,243 | +314.1% |
| Profit (loss) for the period | 9904 | €18,666 | €20,802 | +€2,137 | +11.4% |
| Transfer from tax-exempt reserves | 789 | €316 | €316 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,981 | €21,118 | +€2,137 | +11.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.