IMMOBRACO: 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.
IMMOBRACO
Largest movements
- Tangible fixed assets -€35,916
down €35,916 (-3.0%), from €1.2m to €1.2m
- Cash +€27,582
up €27,582 (+77.1%), from €35,795 to €63,377
mainly Depreciation (+€35,916) and Net result for the year (+€13,326)
- Current portion of long-term debt -€25,137
no longer reported in 2025 (was €25,137)
- Reserves +€13,000
up €13,000 (+16.7%), from €78,042 to €91,042
of which Distributable reserves: +€13,000
- Gross operating margin -€2,022
down €2,022 (-2.7%), from €74,451 to €72,429
- Depreciation -€1,198
down €1,198 (-3.2%), from €37,114 to €35,916
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 | €1,233,424 | €1,221,613 | -€11,811 | -1.0% |
| Fixed assets | 21/28 | €1,193,327 | €1,157,411 | -€35,916 | -3.0% |
| Tangible fixed assets | 22/27 | €1,193,327 | €1,157,411 | -€35,916 | -3.0% |
| Land and buildings | 22 | €1,193,327 | €1,157,411 | -€35,916 | -3.0% |
| Current assets | 29/58 | €40,097 | €64,202 | +€24,105 | +60.1% |
| Amounts receivable within one year | 40/41 | €4,302 | €825 | -€3,477 | -80.8% |
| Other amounts receivable | 41 | €4,302 | €825 | -€3,477 | -80.8% |
| Cash at bank and in hand | 54/58 | €35,795 | €63,377 | +€27,582 | +77.1% |
| Total equity and liabilities | 10/49 | €1,233,424 | €1,221,613 | -€11,811 | -1.0% |
| Equity | 10/15 | €1,151,397 | €1,164,723 | +€13,326 | +1.2% |
| Contributions | 10/11 | €19,088 | €19,088 | = | 0.0% |
| Revaluation surpluses | 12 | €827,098 | €827,098 | = | 0.0% |
| Reserves | 13 | €78,042 | €91,042 | +€13,000 | +16.7% |
| Non-distributable reserves | 130/1 | €1,909 | €1,909 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,909 | €1,909 | = | 0.0% |
| Distributable reserves | 133 | €76,133 | €89,133 | +€13,000 | +17.1% |
| Profit (loss) carried forward | 14 | €227,169 | €227,495 | +€326 | +0.1% |
| Amounts payable | 17/49 | €82,027 | €56,890 | -€25,137 | -30.6% |
| Amounts payable after more than one year | 17 | €53,627 | €53,627 | = | 0.0% |
| Financial debts | 170/4 | €53,627 | €53,627 | = | 0.0% |
| Amounts payable within one year | 42/48 | €28,400 | €3,263 | -€25,137 | -88.5% |
| Current portion of amounts payable after more than one year | 42 | €25,137 | - | -€25,137 | |
| Trade debts | 44 | €233 | - | -€233 | |
| Suppliers | 440/4 | €233 | - | -€233 | |
| Taxes, remuneration and social security | 45 | €1,576 | €1,576 | = | 0.0% |
| Taxes | 450/3 | €1,576 | €1,576 | = | 0.0% |
| Other amounts payable | 47/48 | €1,454 | €1,687 | +€233 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,114 | €35,916 | -€1,198 | -3.2% |
| Other operating charges | 640/8 | €13,904 | €14,382 | +€478 | +3.4% |
| Gross operating margin | 9900 | €74,451 | €72,429 | -€2,022 | -2.7% |
| Operating profit (loss) | 9901 | €23,433 | €22,131 | -€1,302 | -5.6% |
| Financial charges | 65/66B | €2,729 | €2,630 | -€99 | -3.6% |
| Recurring financial charges | 65 | €2,729 | €2,630 | -€99 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €20,704 | €19,501 | -€1,203 | -5.8% |
| Income taxes | 67/77 | €6,576 | €6,175 | -€401 | -6.1% |
| Profit (loss) for the period | 9904 | €14,128 | €13,326 | -€802 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,128 | €13,326 | -€802 | -5.7% |
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 4 October 2026 via checked.be.