IMMOBECA: 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.
IMMOBECA
Largest movements
- Tangible fixed assets -€27,838
down €27,838 (-3.7%), from €745,305 to €717,467
- Cash +€25,881
up €25,881 (+1,388%), from €1,865 to €27,746
mainly Depreciation (+€27,838) and Net result for the year (+€12,284)
- Profit (loss) carried forward +€12,284
up €12,284 (+12.7%), from €97,017 to €109,301
- Other debts -€11,068
down €11,068 (-82.5%), from €13,422 to €2,354
- Debts after one year -€9,446
down €9,446 (-27.0%), from €34,993 to €25,547
- Staff costs +€8,266
new in 2025: €8,266
- Gross operating margin +€8,138
up €8,138 (+14.7%), from €55,421 to €63,559
- Purchases and services -€8,049
down €8,049 (-28.4%), from €28,389 to €20,340
- Other operating charges -€1,600
down €1,600 (-15.8%), from €10,147 to €8,547
- Financial charges -€771
down €771 (-26.4%), from €2,923 to €2,152
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 | €753,765 | €750,460 | -€3,305 | -0.4% |
| Fixed assets | 21/28 | €746,197 | €717,467 | -€28,730 | -3.9% |
| Tangible fixed assets | 22/27 | €745,305 | €717,467 | -€27,838 | -3.7% |
| Land and buildings | 22 | €745,305 | €717,467 | -€27,838 | -3.7% |
| Financial fixed assets | 28 | €892 | - | -€892 | |
| Current assets | 29/58 | €7,568 | €32,993 | +€25,425 | +336% |
| Cash at bank and in hand | 54/58 | €1,865 | €27,746 | +€25,881 | +1,388% |
| Deferred charges and accrued income | 490/1 | €5,703 | €5,247 | -€456 | -8.0% |
| Total equity and liabilities | 10/49 | €753,765 | €750,460 | -€3,305 | -0.4% |
| Equity | 10/15 | €689,669 | €701,953 | +€12,284 | +1.8% |
| Contributions | 10/11 | €493,000 | €493,000 | = | 0.0% |
| Capital | 10 | €493,000 | €493,000 | = | 0.0% |
| Issued capital | 100 | €493,000 | €493,000 | = | 0.0% |
| Reserves | 13 | €99,652 | €99,652 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Tax-exempt reserves | 132 | €93,202 | €93,202 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,017 | €109,301 | +€12,284 | +12.7% |
| Amounts payable | 17/49 | €64,096 | €48,507 | -€15,589 | -24.3% |
| Amounts payable after more than one year | 17 | €34,993 | €25,547 | -€9,446 | -27.0% |
| Financial debts | 170/4 | €34,993 | €25,547 | -€9,446 | -27.0% |
| Amounts payable within one year | 42/48 | €28,441 | €22,960 | -€5,481 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €9,926 | €9,446 | -€480 | -4.8% |
| Taxes, remuneration and social security | 45 | €5,093 | €11,160 | +€6,067 | +119% |
| Taxes | 450/3 | €5,093 | €4,667 | -€426 | -8.4% |
| Remuneration and social security | 454/9 | - | €6,493 | +€6,493 | |
| Other amounts payable | 47/48 | €13,422 | €2,354 | -€11,068 | -82.5% |
| Accrued charges and deferred income | 492/3 | €662 | - | -€662 | |
| Goods, raw materials, services and sundry goods | 60/61 | €28,389 | €20,340 | -€8,049 | -28.4% |
| Remuneration, social security and pensions | 62 | - | €8,266 | +€8,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,838 | €27,838 | = | 0.0% |
| Other operating charges | 640/8 | €10,147 | €8,547 | -€1,600 | -15.8% |
| Gross operating margin | 9900 | €55,421 | €63,559 | +€8,138 | +14.7% |
| Operating profit (loss) | 9901 | €17,436 | €18,908 | +€1,472 | +8.4% |
| Financial charges | 65/66B | €2,923 | €2,152 | -€771 | -26.4% |
| Recurring financial charges | 65 | €2,923 | €2,152 | -€771 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €14,513 | €16,756 | +€2,243 | +15.5% |
| Income taxes | 67/77 | €5,009 | €4,472 | -€537 | -10.7% |
| Profit (loss) for the period | 9904 | €9,504 | €12,284 | +€2,780 | +29.3% |
| Transfer from tax-exempt reserves | 789 | €3,870 | - | -€3,870 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,374 | €12,284 | -€1,090 | -8.2% |
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.