IMMOBACO: 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.
IMMOBACO
Largest movements
- Tangible fixed assets -€52,478
down €52,478 (-2.2%), from €2.3m to €2.3m
of which Land and buildings: -€38,998
- Reserves -€86,673
down €86,673 (-60.2%), from €144,085 to €57,412
of which Distributable reserves: -€86,673
- Debts after one year +€26,916
up €26,916 (+1.3%), from €2.1m to €2.1m
of which Other amounts payable: +€47,120
- Gross operating margin +€29,031
up €29,031 (+17222.8%), from €169 to €29,199
- Financial charges +€10,539
up €10,539 (+21.8%), from €48,340 to €58,879
- Depreciation -€9,561
down €9,561 (-15.0%), from €63,729 to €54,168
- Taxes -€795
down €795 (-100.0%), from €795 to €0
- Other operating charges -€573
down €573 (-16.0%), from €3,589 to €3,016
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 | €2,388,898 | €2,347,527 | -€41,370 | -1.7% |
| Fixed assets | 21/28 | €2,345,200 | €2,292,723 | -€52,478 | -2.2% |
| Tangible fixed assets | 22/27 | €2,345,200 | €2,292,723 | -€52,478 | -2.2% |
| Land and buildings | 22 | €2,241,391 | €2,202,394 | -€38,998 | -1.7% |
| Plant, machinery and equipment | 23 | €5,059 | €4,534 | -€525 | -10.4% |
| Furniture and vehicles | 24 | €98,750 | €85,795 | -€12,955 | -13.1% |
| Current assets | 29/58 | €43,697 | €54,804 | +€11,107 | +25.4% |
| Amounts receivable within one year | 40/41 | €7,353 | €4,500 | -€2,853 | -38.8% |
| Trade receivables | 40 | €7,353 | €4,500 | -€2,853 | -38.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €35,853 | €49,730 | +€13,878 | +38.7% |
| Deferred charges and accrued income | 490/1 | €492 | €574 | +€82 | +16.7% |
| Total equity and liabilities | 10/49 | €2,388,898 | €2,347,527 | -€41,370 | -1.7% |
| Equity | 10/15 | €206,085 | €119,412 | -€86,673 | -42.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €144,085 | €57,412 | -€86,673 | -60.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,815 | €2,815 | = | 0.0% |
| Distributable reserves | 133 | €135,070 | €48,397 | -€86,673 | -64.2% |
| Amounts payable | 17/49 | €2,182,813 | €2,228,115 | +€45,303 | +2.1% |
| Amounts payable after more than one year | 17 | €2,062,913 | €2,089,829 | +€26,916 | +1.3% |
| Financial debts | 170/4 | €194,455 | €174,252 | -€20,203 | -10.4% |
| Other amounts payable | 178/9 | €1,868,457 | €1,915,577 | +€47,120 | +2.5% |
| Amounts payable within one year | 42/48 | €119,105 | €138,286 | +€19,181 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €19,504 | €20,203 | +€699 | +3.6% |
| Trade debts | 44 | €2,642 | €2,547 | -€95 | -3.6% |
| Suppliers | 440/4 | €2,642 | €2,547 | -€95 | -3.6% |
| Other amounts payable | 47/48 | €96,959 | €115,536 | +€18,577 | +19.2% |
| Accrued charges and deferred income | 492/3 | €795 | €0 | -€795 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,729 | €54,168 | -€9,561 | -15.0% |
| Other operating charges | 640/8 | €3,589 | €3,016 | -€573 | -16.0% |
| Gross operating margin | 9900 | €169 | €29,199 | +€29,031 | +17222.8% |
| Operating profit (loss) | 9901 | -€67,149 | -€27,985 | +€39,164 | +58.3% |
| Financial income | 75/76B | €0 | €191 | +€191 | |
| Recurring financial income | 75 | €0 | €191 | +€191 | |
| Financial charges | 65/66B | €48,340 | €58,879 | +€10,539 | +21.8% |
| Recurring financial charges | 65 | €48,340 | €58,879 | +€10,539 | +21.8% |
| Profit (loss) for the period before taxes | 9903 | -€115,489 | -€86,673 | +€28,816 | +25.0% |
| Income taxes | 67/77 | €795 | €0 | -€795 | -100.0% |
| Profit (loss) for the period | 9904 | -€116,284 | -€86,673 | +€29,611 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€116,284 | -€86,673 | +€29,611 | +25.5% |
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 12 October 2026 via checked.be.