IMMO IMPA: 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 IMPA
Largest movements
- Tangible fixed assets -€50,051
down €50,051 (-16.4%), from €304,851 to €254,800
of which Land and buildings: -€41,774
- Cash +€11,343
up €11,343 (+18.2%), from €62,327 to €73,670
- Receivables within one year +€4,106
up €4,106 (+1,112%), from €369 to €4,475
- Debts after one year -€43,765
down €43,765 (-48.0%), from €91,162 to €47,396
- Reserves +€14,584
up €14,584 (+9.8%), from €148,668 to €163,252
of which Distributable reserves: +€27,763
- Provisions -€6,759
down €6,759 (-13.4%), from €50,583 to €43,824
- Depreciation -€5,145
down €5,145 (-25.4%), from €20,238 to €15,093
- Financial charges -€1,393
down €1,393 (-38.6%), from €3,612 to €2,219
- Other operating charges +€865
up €865 (+20.0%), from €4,329 to €5,194
- Taxes +€859
up €859 (+32.6%), from €2,631 to €3,490
- Gross operating margin -€847
down €847 (-2.8%), from €30,478 to €29,630
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,238 | €334,152 | -€34,086 | -9.3% |
| Fixed assets | 21/28 | €304,875 | €254,800 | -€50,075 | -16.4% |
| Tangible fixed assets | 22/27 | €304,851 | €254,800 | -€50,051 | -16.4% |
| Land and buildings | 22 | €293,554 | €251,780 | -€41,774 | -14.2% |
| Plant, machinery and equipment | 23 | €10,921 | €3,020 | -€7,901 | -72.3% |
| Furniture and vehicles | 24 | €376 | - | -€376 | |
| Financial fixed assets | 28 | €25 | - | -€25 | |
| Current assets | 29/58 | €63,362 | €79,352 | +€15,990 | +25.2% |
| Amounts receivable within one year | 40/41 | €369 | €4,475 | +€4,106 | +1,112% |
| Other amounts receivable | 41 | €369 | €4,475 | +€4,106 | +1,112% |
| Cash at bank and in hand | 54/58 | €62,327 | €73,670 | +€11,343 | +18.2% |
| Deferred charges and accrued income | 490/1 | €666 | €1,208 | +€541 | +81.3% |
| Total equity and liabilities | 10/49 | €368,238 | €334,152 | -€34,086 | -9.3% |
| Equity | 10/15 | €210,218 | €224,802 | +€14,584 | +6.9% |
| Contributions | 10/11 | €61,550 | €61,550 | = | 0.0% |
| Capital | 10 | - | €61,550 | +€61,550 | |
| Issued capital | 100 | - | €61,550 | +€61,550 | |
| Reserves | 13 | €148,668 | €163,252 | +€14,584 | +9.8% |
| Non-distributable reserves | 130/1 | €3,721 | €3,721 | = | 0.0% |
| Legal reserve | 130 | - | €3,721 | +€3,721 | |
| Reserves not available under the articles | 1311 | €3,721 | - | -€3,721 | |
| Tax-exempt reserves | 132 | €98,088 | €84,908 | -€13,179 | -13.4% |
| Distributable reserves | 133 | €46,860 | €74,623 | +€27,763 | +59.2% |
| Provisions and deferred taxes | 16 | €50,583 | €43,824 | -€6,759 | -13.4% |
| Deferred taxes | 168 | €50,583 | €43,824 | -€6,759 | -13.4% |
| Amounts payable | 17/49 | €107,437 | €65,527 | -€41,911 | -39.0% |
| Amounts payable after more than one year | 17 | €91,162 | €47,396 | -€43,765 | -48.0% |
| Financial debts | 170/4 | €91,162 | €47,396 | -€43,765 | -48.0% |
| Amounts payable within one year | 42/48 | €16,276 | €18,130 | +€1,855 | +11.4% |
| Financial debts | 43 | €13,228 | €14,888 | +€1,661 | +12.6% |
| Credit institutions | 430/8 | €13,228 | €14,888 | +€1,661 | +12.6% |
| Trade debts | 44 | €755 | €1,619 | +€864 | +114% |
| Suppliers | 440/4 | €755 | €1,619 | +€864 | +114% |
| Taxes, remuneration and social security | 45 | €1,090 | €1,623 | +€534 | +49.0% |
| Taxes | 450/3 | €1,090 | €1,623 | +€534 | +49.0% |
| Other amounts payable | 47/48 | €1,203 | - | -€1,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,238 | €15,093 | -€5,145 | -25.4% |
| Other operating charges | 640/8 | €4,329 | €5,194 | +€865 | +20.0% |
| Gross operating margin | 9900 | €30,478 | €29,630 | -€847 | -2.8% |
| Operating profit (loss) | 9901 | €5,911 | €9,344 | +€3,433 | +58.1% |
| Financial income | 75/76B | €0 | €514 | +€513 | +131,574% |
| Recurring financial income | 75 | €0 | €514 | +€513 | +131,574% |
| Financial charges | 65/66B | €3,612 | €2,219 | -€1,393 | -38.6% |
| Recurring financial charges | 65 | €3,612 | €2,219 | -€1,393 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €2,299 | €7,639 | +€5,339 | +232% |
| Transfer from deferred taxes | 780 | €2,253 | €2,253 | = | 0.0% |
| Income taxes | 67/77 | €2,631 | €3,490 | +€859 | +32.6% |
| Profit (loss) for the period | 9904 | €1,922 | €6,402 | +€4,480 | +233% |
| Transfer from tax-exempt reserves | 789 | €4,393 | €4,393 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,315 | €10,795 | +€4,480 | +70.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.