IMMO ROEFS: 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 ROEFS
Largest movements
- Current investments +€401,267
up €401,267 (+147.8%), from €271,432 to €672,699
- Cash -€281,070
down €281,070 (-41.5%), from €676,934 to €395,864
mainly Current investments (-€401,267) and Tax, wage and social debts (-€43,555)
- Tangible fixed assets -€90,535
down €90,535 (-8.3%), from €1.1m to €996,641
of which Land and buildings: -€46,340
- Reserves +€88,431
up €88,431 (+5.5%), from €1.6m to €1.7m
of which Distributable reserves: +€88,431
- Tax, wage and social debts -€43,555
down €43,555 (-96.6%), from €45,094 to €1,540
of which Taxes: -€43,261
- Gross operating margin -€48,961
down €48,961 (-15.3%), from €321,002 to €272,041
- Taxes -€23,770
down €23,770 (-37.9%), from €62,723 to €38,953
- Depreciation +€22,340
up €22,340 (+25.4%), from €88,084 to €110,424
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 | €2,050,559 | €2,086,304 | +€35,746 | +1.7% |
| Fixed assets | 21/28 | €1,087,176 | €996,641 | -€90,535 | -8.3% |
| Tangible fixed assets | 22/27 | €1,087,176 | €996,641 | -€90,535 | -8.3% |
| Land and buildings | 22 | €939,980 | €893,641 | -€46,340 | -4.9% |
| Furniture and vehicles | 24 | €147,196 | €103,001 | -€44,195 | -30.0% |
| Current assets | 29/58 | €963,382 | €1,089,663 | +€126,281 | +13.1% |
| Amounts receivable within one year | 40/41 | - | €11,636 | +€11,636 | |
| Other amounts receivable | 41 | - | €11,636 | +€11,636 | |
| Current investments | 50/53 | €271,432 | €672,699 | +€401,267 | +147.8% |
| Cash at bank and in hand | 54/58 | €676,934 | €395,864 | -€281,070 | -41.5% |
| Deferred charges and accrued income | 490/1 | €15,016 | €9,464 | -€5,552 | -37.0% |
| Total equity and liabilities | 10/49 | €2,050,559 | €2,086,304 | +€35,746 | +1.7% |
| Equity | 10/15 | €1,947,751 | €2,036,183 | +€88,431 | +4.5% |
| Contributions | 10/11 | €330,000 | €330,000 | = | 0.0% |
| Capital | 10 | €330,000 | €330,000 | = | 0.0% |
| Issued capital | 100 | €330,000 | €330,000 | = | 0.0% |
| Reserves | 13 | €1,617,751 | €1,706,183 | +€88,431 | +5.5% |
| Non-distributable reserves | 130/1 | €33,000 | €33,000 | = | 0.0% |
| Legal reserve | 130 | €33,000 | €33,000 | = | 0.0% |
| Distributable reserves | 133 | €1,584,751 | €1,673,183 | +€88,431 | +5.6% |
| Amounts payable | 17/49 | €102,807 | €50,122 | -€52,686 | -51.2% |
| Amounts payable within one year | 42/48 | €85,119 | €34,834 | -€50,284 | -59.1% |
| Trade debts | 44 | €10,340 | €10,308 | -€32 | -0.3% |
| Suppliers | 440/4 | €10,340 | €10,308 | -€32 | -0.3% |
| Taxes, remuneration and social security | 45 | €45,094 | €1,540 | -€43,555 | -96.6% |
| Taxes | 450/3 | €43,261 | - | -€43,261 | |
| Remuneration and social security | 454/9 | €1,833 | €1,540 | -€294 | -16.0% |
| Other amounts payable | 47/48 | €29,684 | €22,986 | -€6,698 | -22.6% |
| Accrued charges and deferred income | 492/3 | €17,689 | €15,288 | -€2,401 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,084 | €110,424 | +€22,340 | +25.4% |
| Other operating charges | 640/8 | €34,222 | €35,748 | +€1,526 | +4.5% |
| Gross operating margin | 9900 | €321,002 | €272,041 | -€48,961 | -15.3% |
| Operating profit (loss) | 9901 | €198,696 | €125,869 | -€72,827 | -36.7% |
| Financial income | 75/76B | €2,066 | €1,981 | -€85 | -4.1% |
| Recurring financial income | 75 | €2,066 | €1,981 | -€85 | -4.1% |
| Financial charges | 65/66B | €433 | €466 | +€32 | +7.5% |
| Recurring financial charges | 65 | €433 | €466 | +€32 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €200,328 | €127,384 | -€72,944 | -36.4% |
| Income taxes | 67/77 | €62,723 | €38,953 | -€23,770 | -37.9% |
| Profit (loss) for the period | 9904 | €137,606 | €88,431 | -€49,174 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,606 | €88,431 | -€49,174 | -35.7% |
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 6 October 2026 via checked.be.