Immo-Power: 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.
What changed
Immo-Power
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€683,633
2024 · -€869,804+€1.6m
Equity
€2.4m
2024 · €1.7m+€683,633
Cash
€93,049
2024 · €100,854-€7,805
Balance sheet total
€3.1m
2024 · €2.7m+€367,328
Largest movements
Assets
- Tangible fixed assets +€391,813
up €391,813 (+17.4%), from €2.2m to €2.6m
of which Land and buildings: +€249,971
Equity and liabilities
- Profit (loss) carried forward +€702,026
up €702,026, from -€389,562 to €312,464
- Other debts -€378,126
down €378,126 (-38.6%), from €979,245 to €601,119
- Accrued charges and deferred income +€69,255
new in 2025: €69,255
Income statement
- Gross operating margin +€1.3m
up €1.3m, from -€324,152 to €1.0m
- Depreciation -€247,949
down €247,949 (-57.4%), from €432,298 to €184,349
- Other operating charges +€31,576
up €31,576 (+26.1%), from €121,085 to €152,661
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.
Result 2024
-€869,804
Gross operating margin
+€1.3m
Depreciation
+€247,949
Other operating charges
-€31,576
Financial charges
-€31
Taxes
-€154
Result 2025
€683,633
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.
From operations
+€568,357
Investment
-€576,162
Financing
€0
Cash 2024
€100,854
From operations (derived)
+€568,357
Net result for the year
+€683,633
Depreciation
+€184,349
Smaller working-capital items
+€217
Deferred charges and accrued income
+€16,617
Provisions
-€9,471
Trade debts
+€1,884
Other debts
-€378,126
Accrued charges and deferred income
+€69,255
Investment (derived)
-€576,162
Investment in fixed assets (net)
-€576,162
Cash 2025
€93,049
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,717,505 | €3,084,833 | +€367,328 | +13.5% |
| Fixed assets | 21/28 | €2,245,781 | €2,637,593 | +€391,813 | +17.4% |
| Tangible fixed assets | 22/27 | €2,245,726 | €2,637,539 | +€391,813 | +17.4% |
| Land and buildings | 22 | €2,245,085 | €2,495,057 | +€249,971 | +11.1% |
| Furniture and vehicles | 24 | €641 | €142,482 | +€141,842 | +22140.3% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €471,724 | €447,239 | -€24,485 | -5.2% |
| Stocks and contracts in progress | 3 | €302,150 | €302,150 | = | 0.0% |
| Stocks | 30/36 | €302,150 | €302,150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €63 | - | -€63 | |
| Trade receivables | 40 | €63 | - | -€63 | |
| Cash at bank and in hand | 54/58 | €100,854 | €93,049 | -€7,805 | -7.7% |
| Deferred charges and accrued income | 490/1 | €68,657 | €52,040 | -€16,617 | -24.2% |
| Total equity and liabilities | 10/49 | €2,717,505 | €3,084,833 | +€367,328 | +13.5% |
| Equity | 10/15 | €1,670,448 | €2,354,081 | +€683,633 | +40.9% |
| Contributions | 10/11 | €1,587,750 | €1,587,750 | = | 0.0% |
| Capital | 10 | €1,587,750 | €1,587,750 | = | 0.0% |
| Issued capital | 100 | €1,587,750 | €1,587,750 | = | 0.0% |
| Reserves | 13 | €472,260 | €453,867 | -€18,393 | -3.9% |
| Non-distributable reserves | 130/1 | €158,775 | €158,775 | = | 0.0% |
| Legal reserve | 130 | €158,775 | €158,775 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,752 | €110,359 | -€18,393 | -14.3% |
| Distributable reserves | 133 | €184,733 | €184,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€389,562 | €312,464 | +€702,026 | |
| Provisions and deferred taxes | 16 | €66,297 | €56,826 | -€9,471 | -14.3% |
| Deferred taxes | 168 | €66,297 | €56,826 | -€9,471 | -14.3% |
| Amounts payable | 17/49 | €980,760 | €673,926 | -€306,834 | -31.3% |
| Amounts payable within one year | 42/48 | €980,760 | €604,671 | -€376,089 | -38.3% |
| Trade debts | 44 | €3 | €1,886 | +€1,884 | +75353.2% |
| Suppliers | 440/4 | €3 | €1,886 | +€1,884 | +75353.2% |
| Taxes, remuneration and social security | 45 | €1,512 | €1,666 | +€154 | +10.2% |
| Taxes | 450/3 | €1,512 | €1,666 | +€154 | +10.2% |
| Other amounts payable | 47/48 | €979,245 | €601,119 | -€378,126 | -38.6% |
| Accrued charges and deferred income | 492/3 | - | €69,255 | +€69,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €432,298 | €184,349 | -€247,949 | -57.4% |
| Other operating charges | 640/8 | €121,085 | €152,661 | +€31,576 | +26.1% |
| Gross operating margin | 9900 | -€324,152 | €1,013,097 | +€1.3m | |
| Operating profit (loss) | 9901 | -€877,536 | €676,086 | +€1.6m | |
| Financial charges | 65/66B | €227 | €258 | +€31 | +13.5% |
| Recurring financial charges | 65 | €227 | €258 | +€31 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | -€877,762 | €675,828 | +€1.6m | |
| Transfer from deferred taxes | 780 | €9,471 | €9,471 | = | 0.0% |
| Income taxes | 67/77 | €1,512 | €1,666 | +€154 | +10.2% |
| Profit (loss) for the period | 9904 | -€869,804 | €683,633 | +€1.6m | |
| Transfer from tax-exempt reserves | 789 | €18,393 | €18,393 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€851,410 | €702,026 | +€1.6m |
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 4 October 2026 via checked.be.