IMMOCADR: 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.
IMMOCADR
Largest movements
- Tangible fixed assets -€271,097
down €271,097 (-3.8%), from €7.1m to €6.8m
- Cash -€137,640
down €137,640 (-52.8%), from €260,621 to €122,982
mainly Debts after one year (-€299,037) and Net result for the year (-€108,905)
- Debts after one year -€299,037
down €299,037 (-4.3%), from €6.9m to €6.6m
- Profit (loss) carried forward -€108,905
down €108,905 (-20.1%), from -€542,493 to -€651,398
- Financial charges -€222,497
down €222,497 (-68.6%), from €324,155 to €101,658
- Other operating charges +€10,135
up €10,135 (+879%), from €1,154 to €11,289
- Gross operating margin +€9,408
up €9,408 (+3.5%), from €265,732 to €275,140
- Depreciation +€4,723
up €4,723 (+1.8%), from €266,374 to €271,097
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 | €7,470,191 | €7,050,364 | -€419,827 | -5.6% |
| Fixed assets | 21/28 | €7,091,890 | €6,820,793 | -€271,097 | -3.8% |
| Tangible fixed assets | 22/27 | €7,087,840 | €6,816,743 | -€271,097 | -3.8% |
| Land and buildings | 22 | €7,087,840 | €6,816,743 | -€271,097 | -3.8% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €378,301 | €229,572 | -€148,730 | -39.3% |
| Amounts receivable within one year | 40/41 | €117,680 | €106,590 | -€11,090 | -9.4% |
| Other amounts receivable | 41 | €117,680 | €106,590 | -€11,090 | -9.4% |
| Cash at bank and in hand | 54/58 | €260,621 | €122,982 | -€137,640 | -52.8% |
| Total equity and liabilities | 10/49 | €7,470,191 | €7,050,364 | -€419,827 | -5.6% |
| Equity | 10/15 | €535,511 | €426,607 | -€108,905 | -20.3% |
| Contributions | 10/11 | €266,000 | €266,000 | = | 0.0% |
| Reserves | 13 | €812,005 | €812,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,600 | €26,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €26,600 | €26,600 | = | 0.0% |
| Distributable reserves | 133 | €785,405 | €785,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€542,493 | -€651,398 | -€108,905 | -20.1% |
| Amounts payable | 17/49 | €6,934,680 | €6,623,758 | -€310,922 | -4.5% |
| Amounts payable after more than one year | 17 | €6,920,060 | €6,621,022 | -€299,037 | -4.3% |
| Financial debts | 170/4 | €6,920,060 | €6,621,022 | -€299,037 | -4.3% |
| Amounts payable within one year | 42/48 | €14,620 | €2,736 | -€11,885 | -81.3% |
| Trade debts | 44 | - | €40 | +€40 | |
| Suppliers | 440/4 | - | €40 | +€40 | |
| Taxes, remuneration and social security | 45 | €11,925 | - | -€11,925 | |
| Taxes | 450/3 | €11,925 | - | -€11,925 | |
| Other amounts payable | 47/48 | €2,696 | €2,696 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,374 | €271,097 | +€4,723 | +1.8% |
| Other operating charges | 640/8 | €1,154 | €11,289 | +€10,135 | +879% |
| Gross operating margin | 9900 | €265,732 | €275,140 | +€9,408 | +3.5% |
| Operating profit (loss) | 9901 | -€1,795 | -€7,246 | -€5,451 | -304% |
| Financial charges | 65/66B | €324,155 | €101,658 | -€222,497 | -68.6% |
| Recurring financial charges | 65 | €324,155 | €101,658 | -€222,497 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€325,951 | -€108,905 | +€217,046 | +66.6% |
| Profit (loss) for the period | 9904 | -€325,951 | -€108,905 | +€217,046 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€325,951 | -€108,905 | +€217,046 | +66.6% |
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 16 October 2026 via checked.be.