IMMO32: 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.
IMMO32
Largest movements
- Cash -€63,118
down €63,118 (-91.8%), from €68,727 to €5,609
mainly Debts after one year (-€163,178) and Investment in fixed assets (net) (-€74,028)
- Tangible fixed assets +€37,392
up €37,392 (+5.9%), from €628,774 to €666,166
of which Plant, machinery and equipment: +€59,701
- Debts after one year -€163,178
down €163,178 (-63.0%), from €259,166 to €95,988
- Other debts +€151,723
up €151,723 (+209%), from €72,756 to €224,480
- Reserves -€7,885
down €7,885 (-8.3%), from €94,914 to €87,029
of which Tax-exempt reserves: -€7,885
- Gross operating margin -€6,755
down €6,755 (-16.5%), from €40,935 to €34,179
- Depreciation +€1,845
up €1,845 (+5.3%), from €34,791 to €36,636
- Financial charges -€1,088
down €1,088 (-37.7%), from €2,883 to €1,795
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.
Derived cash bridge
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 | €697,907 | €672,180 | -€25,726 | -3.7% |
| Fixed assets | 21/28 | €629,179 | €666,571 | +€37,392 | +5.9% |
| Tangible fixed assets | 22/27 | €628,774 | €666,166 | +€37,392 | +5.9% |
| Land and buildings | 22 | €610,931 | €592,753 | -€18,178 | -3.0% |
| Plant, machinery and equipment | 23 | - | €59,701 | +€59,701 | |
| Furniture and vehicles | 24 | €17,843 | €13,712 | -€4,131 | -23.2% |
| Financial fixed assets | 28 | €405 | €405 | = | 0.0% |
| Current assets | 29/58 | €68,727 | €5,609 | -€63,118 | -91.8% |
| Cash at bank and in hand | 54/58 | €68,727 | €5,609 | -€63,118 | -91.8% |
| Total equity and liabilities | 10/49 | €697,907 | €672,180 | -€25,726 | -3.7% |
| Equity | 10/15 | €298,175 | €292,261 | -€5,914 | -2.0% |
| Contributions | 10/11 | €220,924 | €220,924 | = | 0.0% |
| Reserves | 13 | €94,914 | €87,029 | -€7,885 | -8.3% |
| Non-distributable reserves | 130/1 | €294 | €294 | = | 0.0% |
| Reserves not available under the articles | 1311 | €294 | €294 | = | 0.0% |
| Tax-exempt reserves | 132 | €94,620 | €86,735 | -€7,885 | -8.3% |
| Profit (loss) carried forward | 14 | -€17,663 | -€15,692 | +€1,971 | +11.2% |
| Provisions and deferred taxes | 16 | €48,722 | €44,662 | -€4,060 | -8.3% |
| Deferred taxes | 168 | €48,722 | €44,662 | -€4,060 | -8.3% |
| Amounts payable | 17/49 | €351,010 | €335,258 | -€15,752 | -4.5% |
| Amounts payable after more than one year | 17 | €259,166 | €95,988 | -€163,178 | -63.0% |
| Financial debts | 170/4 | €259,166 | €95,988 | -€163,178 | -63.0% |
| Amounts payable within one year | 42/48 | €91,844 | €239,270 | +€147,426 | +161% |
| Current portion of amounts payable after more than one year | 42 | €17,431 | €13,056 | -€4,375 | -25.1% |
| Taxes, remuneration and social security | 45 | €1,656 | €1,734 | +€78 | +4.7% |
| Taxes | 450/3 | €1,656 | €1,734 | +€78 | +4.7% |
| Other amounts payable | 47/48 | €72,756 | €224,480 | +€151,723 | +209% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,791 | €36,636 | +€1,845 | +5.3% |
| Other operating charges | 640/8 | €5,168 | €4,867 | -€301 | -5.8% |
| Gross operating margin | 9900 | €40,935 | €34,179 | -€6,755 | -16.5% |
| Operating profit (loss) | 9901 | €976 | -€7,323 | -€8,299 | |
| Financial charges | 65/66B | €2,883 | €1,795 | -€1,088 | -37.7% |
| Recurring financial charges | 65 | €2,883 | €1,795 | -€1,088 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,907 | -€9,118 | -€7,211 | -378% |
| Transfer from deferred taxes | 780 | €4,060 | €4,060 | = | 0.0% |
| Income taxes | 67/77 | €878 | €856 | -€23 | -2.6% |
| Profit (loss) for the period | 9904 | €1,274 | -€5,914 | -€7,188 | |
| Transfer from tax-exempt reserves | 789 | €7,885 | €7,885 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,159 | €1,971 | -€7,188 | -78.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.