IMMOBOGE: 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.
IMMOBOGE
Largest movements
- Tangible fixed assets -€125,117
down €125,117 (-29.7%), from €421,320 to €296,203
of which Land and buildings: -€124,226
- Current investments +€45,853
new in 2025: €45,853
- Debts after one year -€107,524
down €107,524 (-40.0%), from €268,892 to €161,368
- Profit (loss) carried forward +€37,608
up €37,608 (+37.6%), from -€99,961 to -€62,353
- Current portion of long-term debt -€8,536
down €8,536 (-31.4%), from €27,201 to €18,665
- Gross operating margin +€52,732
up €52,732 (+279%), from €18,900 to €71,632
- Other operating charges -€11,614
down €11,614 (-43.1%), from €26,974 to €15,360
- Depreciation -€2,881
down €2,881 (-23.1%), from €12,498 to €9,617
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 | €429,625 | €350,894 | -€78,732 | -18.3% |
| Fixed assets | 21/28 | €422,034 | €296,917 | -€125,117 | -29.6% |
| Tangible fixed assets | 22/27 | €421,320 | €296,203 | -€125,117 | -29.7% |
| Land and buildings | 22 | €419,415 | €295,189 | -€124,226 | -29.6% |
| Plant, machinery and equipment | 23 | €1,806 | €1,014 | -€792 | -43.8% |
| Furniture and vehicles | 24 | €99 | - | -€99 | |
| Financial fixed assets | 28 | €714 | €714 | = | 0.0% |
| Current assets | 29/58 | €7,592 | €53,977 | +€46,385 | +611% |
| Amounts receivable within one year | 40/41 | €1,035 | €2,180 | +€1,145 | +111% |
| Trade receivables | 40 | €1,035 | €2,180 | +€1,145 | +111% |
| Current investments | 50/53 | - | €45,853 | +€45,853 | |
| Cash at bank and in hand | 54/58 | €5,453 | €3,517 | -€1,937 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,103 | €2,427 | +€1,324 | +120% |
| Total equity and liabilities | 10/49 | €429,625 | €350,894 | -€78,732 | -18.3% |
| Equity | 10/15 | -€49,961 | -€12,353 | +€37,608 | +75.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,961 | -€62,353 | +€37,608 | +37.6% |
| Amounts payable | 17/49 | €479,586 | €363,247 | -€116,340 | -24.3% |
| Amounts payable after more than one year | 17 | €268,892 | €161,368 | -€107,524 | -40.0% |
| Financial debts | 170/4 | €268,892 | €161,368 | -€107,524 | -40.0% |
| Amounts payable within one year | 42/48 | €207,409 | €201,879 | -€5,529 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €27,201 | €18,665 | -€8,536 | -31.4% |
| Trade debts | 44 | €1,186 | €305 | -€881 | -74.3% |
| Suppliers | 440/4 | €1,186 | €305 | -€881 | -74.3% |
| Other amounts payable | 47/48 | €179,022 | €182,910 | +€3,888 | +2.2% |
| Accrued charges and deferred income | 492/3 | €3,286 | - | -€3,286 | |
| Non-recurring operating income | 76A | - | €32,500 | +€32,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,498 | €9,617 | -€2,881 | -23.1% |
| Other operating charges | 640/8 | €26,974 | €15,360 | -€11,614 | -43.1% |
| Non-recurring operating charges | 66A | €26,500 | - | -€26,500 | |
| Gross operating margin | 9900 | €18,900 | €71,632 | +€52,732 | +279% |
| Operating profit (loss) | 9901 | -€47,072 | €46,656 | +€93,728 | |
| Financial income | 75/76B | €109 | €195 | +€86 | +78.5% |
| Recurring financial income | 75 | €109 | €195 | +€86 | +78.5% |
| Financial charges | 65/66B | €8,851 | €9,184 | +€333 | +3.8% |
| Recurring financial charges | 65 | €8,851 | €9,184 | +€333 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€55,814 | €37,666 | +€93,480 | |
| Income taxes | 67/77 | - | €58 | +€58 | |
| Profit (loss) for the period | 9904 | -€55,814 | €37,608 | +€93,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,814 | €37,608 | +€93,422 |
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 17 October 2026 via checked.be.