IMMOBÂT: 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.
IMMOBÂT
Largest movements
- Tangible fixed assets -€23,252
down €23,252 (-5.6%), from €417,576 to €394,324
of which Land and buildings: -€20,780
- Cash +€22,550
up €22,550 (+25.9%), from €87,145 to €109,694
mainly Depreciation (+€24,317) and Net result for the year (+€9,584)
- Deferred charges and accrued income +€5,736
new in 2025: €5,736
- Profit (loss) carried forward +€11,668
up €11,668 (+7.6%), from €154,399 to €166,066
- Gross operating margin -€49,123
down €49,123 (-49.0%), from €100,341 to €51,218
- Taxes -€13,734
down €13,734 (-70.4%), from €19,521 to €5,787
- Other operating charges +€1,016
up €1,016 (+9.2%), from €11,025 to €12,041
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 | €538,953 | €544,309 | +€5,355 | +1.0% |
| Fixed assets | 21/28 | €419,626 | €396,374 | -€23,252 | -5.5% |
| Tangible fixed assets | 22/27 | €417,576 | €394,324 | -€23,252 | -5.6% |
| Land and buildings | 22 | €407,662 | €386,881 | -€20,780 | -5.1% |
| Furniture and vehicles | 24 | €9,914 | €7,442 | -€2,472 | -24.9% |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €119,327 | €147,935 | +€28,607 | +24.0% |
| Amounts receivable within one year | 40/41 | €32,183 | €32,504 | +€322 | +1.0% |
| Trade receivables | 40 | - | €322 | +€322 | |
| Other amounts receivable | 41 | €32,183 | €32,183 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €87,145 | €109,694 | +€22,550 | +25.9% |
| Deferred charges and accrued income | 490/1 | - | €5,736 | +€5,736 | |
| Total equity and liabilities | 10/49 | €538,953 | €544,309 | +€5,355 | +1.0% |
| Equity | 10/15 | €321,604 | €331,187 | +€9,584 | +3.0% |
| 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 | €105,205 | €103,121 | -€2,084 | -2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €99,005 | €96,921 | -€2,084 | -2.1% |
| Profit (loss) carried forward | 14 | €154,399 | €166,066 | +€11,668 | +7.6% |
| Provisions and deferred taxes | 16 | €33,002 | €32,307 | -€695 | -2.1% |
| Deferred taxes | 168 | €33,002 | €32,307 | -€695 | -2.1% |
| Amounts payable | 17/49 | €184,348 | €180,814 | -€3,533 | -1.9% |
| Amounts payable after more than one year | 17 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 178/9 | €3,600 | €3,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,748 | €177,214 | -€3,533 | -2.0% |
| Trade debts | 44 | €157 | - | -€157 | |
| Suppliers | 440/4 | €157 | - | -€157 | |
| Taxes, remuneration and social security | 45 | €19,587 | €15,853 | -€3,734 | -19.1% |
| Taxes | 450/3 | €19,587 | €15,853 | -€3,734 | -19.1% |
| Other amounts payable | 47/48 | €161,003 | €161,361 | +€358 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,284 | €24,317 | +€33 | +0.1% |
| Other operating charges | 640/8 | €11,025 | €12,041 | +€1,016 | +9.2% |
| Non-recurring operating charges | 66A | €239 | €6 | -€232 | -97.4% |
| Gross operating margin | 9900 | €100,341 | €51,218 | -€49,123 | -49.0% |
| Operating profit (loss) | 9901 | €64,793 | €14,854 | -€49,939 | -77.1% |
| Financial charges | 65/66B | €211 | €178 | -€33 | -15.5% |
| Recurring financial charges | 65 | €211 | €178 | -€33 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €64,582 | €14,676 | -€49,906 | -77.3% |
| Transfer from deferred taxes | 780 | €695 | €695 | = | 0.0% |
| Income taxes | 67/77 | €19,521 | €5,787 | -€13,734 | -70.4% |
| Profit (loss) for the period | 9904 | €45,756 | €9,584 | -€36,173 | -79.1% |
| Transfer from tax-exempt reserves | 789 | €2,084 | €2,084 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,840 | €11,668 | -€36,173 | -75.6% |
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 13 October 2026 via checked.be.