IMMOBA: 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.
IMMOBA
Largest movements
- Tangible fixed assets -€494,807
down €494,807 (-28.4%), from €1.7m to €1.2m
of which Land and buildings: -€492,497
- Current investments +€391,487
new in 2024: €391,487
- Cash +€169,579
up €169,579 (+3104.5%), from €5,462 to €175,041
mainly Net result for the year (+€1.3m) and Investment in fixed assets (net) (+€500,207)
- Receivables within one year +€32,126
up €32,126 (+408.8%), from €7,859 to €39,985
of which Other amounts receivable: +€34,728
- Profit (loss) carried forward +€1.2m
up €1.2m, from -€1.2m to €0
- Other debts -€735,113
down €735,113 (-92.9%), from €791,666 to €56,553
- Revaluation surpluses -€431,633
down €431,633 (-28.4%), from €1.5m to €1.1m
- Reserves +€100,558
up €100,558 (+2232.7%), from €4,504 to €105,061
of which Distributable reserves: +€100,558
- Debts after one year -€49,521
down €49,521 (-16.2%), from €305,926 to €256,404
- Gross operating margin +€1.5m
up €1.5m (+4341.3%), from €33,460 to €1.5m
- Taxes +€154,011
up €154,011, from €0 to €154,011
- Financial charges +€32,171
up €32,171 (+404.2%), from €7,958 to €40,129
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,762,666 | €1,852,582 | +€89,916 | +5.1% |
| Fixed assets | 21/28 | €1,748,876 | €1,246,069 | -€502,807 | -28.8% |
| Tangible fixed assets | 22/27 | €1,739,716 | €1,244,909 | -€494,807 | -28.4% |
| Land and buildings | 22 | €1,732,787 | €1,240,290 | -€492,497 | -28.4% |
| Plant, machinery and equipment | 23 | €6,929 | €4,620 | -€2,310 | -33.3% |
| Financial fixed assets | 28 | €9,160 | €1,160 | -€8,000 | -87.3% |
| Current assets | 29/58 | €13,790 | €606,513 | +€592,723 | +4298.1% |
| Amounts receivable within one year | 40/41 | €7,859 | €39,985 | +€32,126 | +408.8% |
| Trade receivables | 40 | €7,859 | €5,257 | -€2,602 | -33.1% |
| Other amounts receivable | 41 | - | €34,728 | +€34,728 | |
| Current investments | 50/53 | - | €391,487 | +€391,487 | |
| Cash at bank and in hand | 54/58 | €5,462 | €175,041 | +€169,579 | +3104.5% |
| Deferred charges and accrued income | 490/1 | €469 | €0 | -€469 | -100.0% |
| Total equity and liabilities | 10/49 | €1,762,666 | €1,852,582 | +€89,916 | +5.1% |
| Equity | 10/15 | €597,902 | €1,439,548 | +€841,646 | +140.8% |
| Contributions | 10/11 | €247,247 | €247,247 | = | 0.0% |
| Capital | 10 | €247,247 | €247,247 | = | 0.0% |
| Issued capital | 100 | €247,247 | €247,247 | = | 0.0% |
| Revaluation surpluses | 12 | €1,518,872 | €1,087,239 | -€431,633 | -28.4% |
| Reserves | 13 | €4,504 | €105,061 | +€100,558 | +2232.7% |
| Non-distributable reserves | 130/1 | €4,504 | €4,504 | = | 0.0% |
| Legal reserve | 130 | €4,504 | €4,504 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | €100,558 | +€100,558 | |
| Profit (loss) carried forward | 14 | -€1,172,721 | €0 | +€1.2m | |
| Amounts payable | 17/49 | €1,164,764 | €413,034 | -€751,730 | -64.5% |
| Amounts payable after more than one year | 17 | €305,926 | €256,404 | -€49,521 | -16.2% |
| Financial debts | 170/4 | €305,926 | €256,404 | -€49,521 | -16.2% |
| Amounts payable within one year | 42/48 | €855,872 | €126,034 | -€729,837 | -85.3% |
| Current portion of amounts payable after more than one year | 42 | €48,827 | €49,590 | +€763 | +1.6% |
| Trade debts | 44 | €15,378 | €9,547 | -€5,832 | -37.9% |
| Suppliers | 440/4 | €15,378 | €9,547 | -€5,832 | -37.9% |
| Taxes, remuneration and social security | 45 | - | €10,344 | +€10,344 | |
| Taxes | 450/3 | - | €10,056 | +€10,056 | |
| Remuneration and social security | 454/9 | - | €288 | +€288 | |
| Other amounts payable | 47/48 | €791,666 | €56,553 | -€735,113 | -92.9% |
| Accrued charges and deferred income | 492/3 | €2,967 | €30,596 | +€27,629 | +931.2% |
| Remuneration, social security and pensions | 62 | - | €3,890 | +€3,890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,191 | €2,600 | -€1,591 | -38.0% |
| Other operating charges | 640/8 | €11,367 | €12,246 | +€880 | +7.7% |
| Gross operating margin | 9900 | €33,460 | €1,486,080 | +€1.5m | +4341.3% |
| Operating profit (loss) | 9901 | €17,903 | €1,467,344 | +€1.4m | +8096.0% |
| Financial income | 75/76B | - | €75 | +€75 | |
| Recurring financial income | 75 | - | €75 | +€75 | |
| Financial charges | 65/66B | €7,958 | €40,129 | +€32,171 | +404.2% |
| Recurring financial charges | 65 | €7,958 | €40,129 | +€32,171 | +404.2% |
| Profit (loss) for the period before taxes | 9903 | €9,945 | €1,427,290 | +€1.4m | +14252.1% |
| Income taxes | 67/77 | €0 | €154,011 | +€154,011 | |
| Profit (loss) for the period | 9904 | €9,945 | €1,273,279 | +€1.3m | +12703.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,945 | €1,273,279 | +€1.3m | +12703.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.