IMMOBENS: 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.
IMMOBENS
Largest movements
- Tangible fixed assets -€54,276
down €54,276 (-9.4%), from €578,141 to €523,865
of which Plant, machinery and equipment: -€44,651
- Debts after one year -€29,970
down €29,970 (-34.6%), from €86,591 to €56,621
of which Financial debts: -€29,970
- Other debts -€10,721
down €10,721 (-2.7%), from €404,553 to €393,833
- Gross operating margin -€28,768
down €28,768 (-35.4%), from €81,219 to €52,451
- Depreciation -€916
down €916 (-1.7%), from €55,192 to €54,276
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 | €607,454 | €561,080 | -€46,375 | -7.6% |
| Fixed assets | 21/28 | €578,265 | €523,989 | -€54,276 | -9.4% |
| Tangible fixed assets | 22/27 | €578,141 | €523,865 | -€54,276 | -9.4% |
| Land and buildings | 22 | €268,444 | €258,818 | -€9,625 | -3.6% |
| Plant, machinery and equipment | 23 | €309,697 | €265,047 | -€44,651 | -14.4% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €29,190 | €37,091 | +€7,901 | +27.1% |
| Amounts receivable within one year | 40/41 | €14,507 | €19,627 | +€5,120 | +35.3% |
| Trade receivables | 40 | €3,583 | €3,583 | = | 0.0% |
| Other amounts receivable | 41 | €10,924 | €16,044 | +€5,120 | +46.9% |
| Cash at bank and in hand | 54/58 | €14,682 | €14,224 | -€458 | -3.1% |
| Deferred charges and accrued income | 490/1 | - | €3,239 | +€3,239 | |
| Total equity and liabilities | 10/49 | €607,454 | €561,080 | -€46,375 | -7.6% |
| Equity | 10/15 | €84,982 | €79,056 | -€5,926 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €56,847 | €54,267 | -€2,580 | -4.5% |
| Reserves | 13 | €23,404 | €25,984 | +€2,580 | +11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,544 | €24,124 | +€2,580 | +12.0% |
| Profit (loss) carried forward | 14 | -€13,869 | -€19,795 | -€5,926 | -42.7% |
| Amounts payable | 17/49 | €522,472 | €482,024 | -€40,449 | -7.7% |
| Amounts payable after more than one year | 17 | €86,591 | €56,621 | -€29,970 | -34.6% |
| Financial debts | 170/4 | €84,391 | €54,421 | -€29,970 | -35.5% |
| Other amounts payable | 178/9 | €2,200 | €2,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €435,881 | €425,403 | -€10,478 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €29,610 | €29,970 | +€360 | +1.2% |
| Trade debts | 44 | €1,718 | €1,600 | -€118 | -6.8% |
| Suppliers | 440/4 | €1,718 | €1,600 | -€118 | -6.8% |
| Other amounts payable | 47/48 | €404,553 | €393,833 | -€10,721 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,192 | €54,276 | -€916 | -1.7% |
| Other operating charges | 640/8 | €2,288 | €2,540 | +€252 | +11.0% |
| Gross operating margin | 9900 | €81,219 | €52,451 | -€28,768 | -35.4% |
| Operating profit (loss) | 9901 | €23,738 | -€4,365 | -€28,103 | |
| Financial income | 75/76B | €92 | €0 | -€92 | -100.0% |
| Recurring financial income | 75 | €92 | €0 | -€92 | -100.0% |
| Financial charges | 65/66B | €2,122 | €1,561 | -€561 | -26.4% |
| Recurring financial charges | 65 | €2,122 | €1,561 | -€561 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €21,708 | -€5,926 | -€27,635 | |
| Profit (loss) for the period | 9904 | €21,708 | -€5,926 | -€27,635 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,708 | -€5,926 | -€27,635 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.