IMMOBOVA: 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.
IMMOBOVA
Largest movements
- Cash +€50,146
up €50,146 (+43.6%), from €114,911 to €165,057
mainly Net result for the year (+€90,027) and Depreciation (+€29,009)
- Profit (loss) carried forward +€90,027
up €90,027 (+12.4%), from -€723,299 to -€633,272
- Other debts -€63,783
down €63,783 (-16.1%), from €396,101 to €332,318
- Depreciation -€51,182
down €51,182 (-63.8%), from €80,191 to €29,009
- Gross operating margin +€26,668
up €26,668 (+24.7%), from €107,805 to €134,473
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 | €3,362,924 | €3,381,394 | +€18,471 | +0.5% |
| Fixed assets | 21/28 | €3,234,713 | €3,203,880 | -€30,834 | -1.0% |
| Tangible fixed assets | 22/27 | €3,234,713 | €3,203,880 | -€30,834 | -1.0% |
| Land and buildings | 22 | €3,228,550 | €3,203,880 | -€24,670 | -0.8% |
| Furniture and vehicles | 24 | €6,163 | - | -€6,163 | |
| Current assets | 29/58 | €128,210 | €177,514 | +€49,304 | +38.5% |
| Amounts receivable within one year | 40/41 | €9,661 | €9,679 | +€18 | +0.2% |
| Trade receivables | 40 | €9,661 | €9,661 | = | 0.0% |
| Other amounts receivable | 41 | - | €18 | +€18 | |
| Cash at bank and in hand | 54/58 | €114,911 | €165,057 | +€50,146 | +43.6% |
| Deferred charges and accrued income | 490/1 | €3,638 | €2,779 | -€860 | -23.6% |
| Total equity and liabilities | 10/49 | €3,362,924 | €3,381,394 | +€18,471 | +0.5% |
| Equity | 10/15 | €2,950,403 | €3,040,430 | +€90,027 | +3.1% |
| Contributions | 10/11 | €3,673,702 | €3,673,702 | = | 0.0% |
| Capital | 10 | €3,673,702 | €3,673,702 | = | 0.0% |
| Issued capital | 100 | €3,673,702 | €3,673,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€723,299 | -€633,272 | +€90,027 | +12.4% |
| Amounts payable | 17/49 | €412,521 | €340,964 | -€71,557 | -17.3% |
| Amounts payable after more than one year | 17 | €4,490 | - | -€4,490 | |
| Financial debts | 170/4 | €4,490 | - | -€4,490 | |
| Amounts payable within one year | 42/48 | €403,835 | €337,377 | -€66,457 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €5,908 | €4,490 | -€1,419 | -24.0% |
| Trade debts | 44 | €1,160 | €569 | -€591 | -50.9% |
| Suppliers | 440/4 | €1,160 | €569 | -€591 | -50.9% |
| Taxes, remuneration and social security | 45 | €665 | - | -€665 | |
| Taxes | 450/3 | €665 | - | -€665 | |
| Other amounts payable | 47/48 | €396,101 | €332,318 | -€63,783 | -16.1% |
| Accrued charges and deferred income | 492/3 | €4,196 | €3,586 | -€610 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,191 | €29,009 | -€51,182 | -63.8% |
| Other operating charges | 640/8 | €15,783 | €15,489 | -€294 | -1.9% |
| Non-recurring operating charges | 66A | €144 | - | -€144 | |
| Gross operating margin | 9900 | €107,805 | €134,473 | +€26,668 | +24.7% |
| Operating profit (loss) | 9901 | €11,687 | €89,975 | +€78,288 | +670% |
| Financial income | 75/76B | €671 | €225 | -€446 | -66.5% |
| Recurring financial income | 75 | €671 | €225 | -€446 | -66.5% |
| Financial charges | 65/66B | €203 | €123 | -€80 | -39.3% |
| Recurring financial charges | 65 | €203 | €123 | -€80 | -39.3% |
| Profit (loss) for the period before taxes | 9903 | €12,155 | €90,077 | +€77,922 | +641% |
| Income taxes | 67/77 | €867 | €50 | -€817 | -94.2% |
| Profit (loss) for the period | 9904 | €11,288 | €90,027 | +€78,739 | +698% |
| Profit (loss) for the period to be appropriated | 9905 | €11,288 | €90,027 | +€78,739 | +698% |
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 15 October 2026 via checked.be.