IMMOATWORK: 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.
IMMOATWORK
Largest movements
- Cash +€183,972
up €183,972 (+59.6%), from €308,607 to €492,580
mainly Depreciation (+€137,298) and Net result for the year (+€40,281)
- Tangible fixed assets -€137,298
down €137,298 (-5.4%), from €2.5m to €2.4m
- Profit (loss) carried forward +€40,281
up €40,281 (+3.1%), from -€1.3m to -€1.3m
- Services and other goods -€41,168
down €41,168 (-44.7%), from €92,007 to €50,839
- Turnover +€9,310
up €9,310 (+3.4%), from €277,357 to €286,667
- Taxes +€9,201
up €9,201 (+762%), from €1,208 to €10,409
- Financial income +€2,920
up €2,920 (+72.5%), from €4,026 to €6,946
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 | €2,858,149 | €2,898,432 | +€40,283 | +1.4% |
| Fixed assets | 21/28 | €2,530,288 | €2,392,990 | -€137,298 | -5.4% |
| Tangible fixed assets | 22/27 | €2,530,288 | €2,392,990 | -€137,298 | -5.4% |
| Land and buildings | 22 | €2,530,288 | €2,392,990 | -€137,298 | -5.4% |
| Current assets | 29/58 | €327,861 | €505,442 | +€177,581 | +54.2% |
| Amounts receivable within one year | 40/41 | €19,254 | €12,862 | -€6,391 | -33.2% |
| Trade receivables | 40 | €9,508 | - | -€9,508 | |
| Other amounts receivable | 41 | €9,746 | €12,862 | +€3,117 | +32.0% |
| Cash at bank and in hand | 54/58 | €308,607 | €492,580 | +€183,972 | +59.6% |
| Total equity and liabilities | 10/49 | €2,858,149 | €2,898,432 | +€40,283 | +1.4% |
| Equity | 10/15 | €1,728,497 | €1,768,778 | +€40,281 | +2.3% |
| Contributions | 10/11 | €1,311,500 | €1,311,500 | = | 0.0% |
| Capital | 10 | €1,311,500 | €1,311,500 | = | 0.0% |
| Issued capital | 100 | €1,311,500 | €1,311,500 | = | 0.0% |
| Reserves | 13 | €1,723,082 | €1,723,082 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,716,932 | €1,716,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,306,085 | -€1,265,804 | +€40,281 | +3.1% |
| Amounts payable | 17/49 | €1,129,652 | €1,129,655 | +€3 | 0.0% |
| Amounts payable after more than one year | 17 | €1,100,000 | €1,100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,100,000 | €1,100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,902 | €4,905 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €4,902 | €4,905 | +€3 | +0.1% |
| Accrued charges and deferred income | 492/3 | €24,750 | €24,750 | = | 0.0% |
| Operating income | 70/76A | €277,357 | €286,667 | +€9,310 | +3.4% |
| Turnover | 70 | €277,357 | €286,667 | +€9,310 | +3.4% |
| Operating charges | 60/66A | €249,342 | €209,620 | -€39,722 | -15.9% |
| Services and other goods | 61 | €92,007 | €50,839 | -€41,168 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,502 | €137,298 | +€796 | +0.6% |
| Other operating charges | 640/8 | €20,833 | €21,483 | +€650 | +3.1% |
| Operating profit (loss) | 9901 | €28,015 | €77,047 | +€49,033 | +175% |
| Financial income | 75/76B | €4,026 | €6,946 | +€2,920 | +72.5% |
| Recurring financial income | 75 | €4,026 | €6,946 | +€2,920 | +72.5% |
| Income from financial fixed assets | 750 | €4,026 | €6,946 | +€2,920 | +72.5% |
| Financial charges | 65/66B | €33,281 | €33,304 | +€23 | +0.1% |
| Recurring financial charges | 65 | €33,281 | €33,304 | +€23 | +0.1% |
| Debt charges | 650 | €33,000 | €33,000 | = | 0.0% |
| Other financial charges | 652/9 | €281 | €304 | +€23 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,240 | €50,690 | +€51,930 | |
| Income taxes | 67/77 | €1,208 | €10,409 | +€9,201 | +762% |
| Taxes | 670/3 | €1,208 | €10,409 | +€9,201 | +762% |
| Profit (loss) for the period | 9904 | -€2,448 | €40,281 | +€42,729 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,448 | €40,281 | +€42,729 |
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 17 October 2026 via checked.be.