IMMOCA: 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.
IMMOCA
Largest movements
- Cash +€14,326
up €14,326 (+4.9%), from €292,243 to €306,569
mainly Depreciation (+€12,772) and Net result for the year (+€2,725)
- Tangible fixed assets -€12,772
down €12,772 (-21.1%), from €60,655 to €47,883
of which Furniture and vehicles: -€11,223
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,920
down €8,920 (-29.8%), from €29,903 to €20,983
- Taxes -€2,570
down €2,570 (-60.6%), from €4,238 to €1,668
- Depreciation +€607
up €607 (+5.0%), from €12,166 to €12,772
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 | €355,678 | €359,562 | +€3,884 | +1.1% |
| Fixed assets | 21/28 | €61,055 | €48,283 | -€12,772 | -20.9% |
| Tangible fixed assets | 22/27 | €60,655 | €47,883 | -€12,772 | -21.1% |
| Land and buildings | 22 | €8,268 | €7,943 | -€325 | -3.9% |
| Plant, machinery and equipment | 23 | €6,331 | €5,106 | -€1,225 | -19.3% |
| Furniture and vehicles | 24 | €46,057 | €34,834 | -€11,223 | -24.4% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €294,622 | €311,279 | +€16,656 | +5.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €292,243 | €306,569 | +€14,326 | +4.9% |
| Deferred charges and accrued income | 490/1 | €2,380 | €4,710 | +€2,330 | +97.9% |
| Total equity and liabilities | 10/49 | €355,678 | €359,562 | +€3,884 | +1.1% |
| Equity | 10/15 | €332,654 | €335,380 | +€2,725 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €314,062 | €316,788 | +€2,725 | +0.9% |
| Distributable reserves | 133 | €314,062 | €316,788 | +€2,725 | +0.9% |
| Amounts payable | 17/49 | €23,023 | €24,182 | +€1,159 | +5.0% |
| Amounts payable within one year | 42/48 | €23,023 | €24,182 | +€1,159 | +5.0% |
| Trade debts | 44 | €721 | €607 | -€115 | -15.9% |
| Suppliers | 440/4 | €721 | €607 | -€115 | -15.9% |
| Taxes, remuneration and social security | 45 | €4,238 | €5,906 | +€1,668 | +39.4% |
| Taxes | 450/3 | €4,238 | €5,906 | +€1,668 | +39.4% |
| Other amounts payable | 47/48 | €18,064 | €17,669 | -€395 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,166 | €12,772 | +€607 | +5.0% |
| Other operating charges | 640/8 | €2,632 | €2,669 | +€37 | +1.4% |
| Non-recurring operating charges | 66A | - | €621 | +€621 | |
| Gross operating margin | 9900 | €29,903 | €20,983 | -€8,920 | -29.8% |
| Operating profit (loss) | 9901 | €15,106 | €4,922 | -€10,184 | -67.4% |
| Financial charges | 65/66B | €412 | €528 | +€116 | +28.1% |
| Recurring financial charges | 65 | €412 | €528 | +€116 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €14,693 | €4,393 | -€10,300 | -70.1% |
| Income taxes | 67/77 | €4,238 | €1,668 | -€2,570 | -60.6% |
| Profit (loss) for the period | 9904 | €10,455 | €2,725 | -€7,730 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,455 | €2,725 | -€7,730 | -73.9% |
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 9 October 2026 via checked.be.