IMMOBRAM: 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.
IMMOBRAM
Largest movements
- Tangible fixed assets -€10,337
down €10,337 (-15.4%), from €66,984 to €56,647
of which Land and buildings: -€8,441
- Receivables within one year +€5,207
up €5,207 (+20.6%), from €25,278 to €30,485
- Profit (loss) carried forward -€5,599
down €5,599 (-21.2%), from -€26,470 to -€32,070
- Gross operating margin -€2,424
down €2,424 (-22.2%), from €10,920 to €8,495
- Other operating charges +€114
up €114 (+3.1%), from €3,611 to €3,725
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 | €92,519 | €87,605 | -€4,914 | -5.3% |
| Fixed assets | 21/28 | €66,984 | €56,647 | -€10,337 | -15.4% |
| Tangible fixed assets | 22/27 | €66,984 | €56,647 | -€10,337 | -15.4% |
| Land and buildings | 22 | €57,159 | €48,718 | -€8,441 | -14.8% |
| Plant, machinery and equipment | 23 | €9,825 | €7,929 | -€1,896 | -19.3% |
| Current assets | 29/58 | €25,535 | €30,958 | +€5,423 | +21.2% |
| Amounts receivable within one year | 40/41 | €25,278 | €30,485 | +€5,207 | +20.6% |
| Other amounts receivable | 41 | €25,278 | €30,485 | +€5,207 | +20.6% |
| Cash at bank and in hand | 54/58 | €256 | €473 | +€216 | +84.4% |
| Total equity and liabilities | 10/49 | €92,519 | €87,605 | -€4,914 | -5.3% |
| Equity | 10/15 | €92,519 | €86,919 | -€5,599 | -6.1% |
| Contributions | 10/11 | €118,989 | €118,989 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,470 | -€32,070 | -€5,599 | -21.2% |
| Amounts payable | 17/49 | - | €686 | +€686 | |
| Amounts payable within one year | 42/48 | - | €686 | +€686 | |
| Other amounts payable | 47/48 | - | €686 | +€686 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,386 | €10,337 | -€49 | -0.5% |
| Other operating charges | 640/8 | €3,611 | €3,725 | +€114 | +3.1% |
| Gross operating margin | 9900 | €10,920 | €8,495 | -€2,424 | -22.2% |
| Operating profit (loss) | 9901 | -€3,078 | -€5,566 | -€2,489 | -80.9% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €61 | €40 | -€22 | -35.3% |
| Recurring financial charges | 65 | €61 | €40 | -€22 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,139 | -€5,599 | -€2,460 | -78.4% |
| Profit (loss) for the period | 9904 | -€3,139 | -€5,599 | -€2,460 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,139 | -€5,599 | -€2,460 | -78.4% |
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 5 October 2026 via checked.be.