IMMOCAL: 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.
IMMOCAL
Largest movements
- Tangible fixed assets -€20,811
down €20,811 (-2.0%), from €1.0m to €1.0m
- Other debts -€11,009
down €11,009 (-3.3%), from €331,550 to €320,541
- Gross operating margin +€5,974
up €5,974 (+1.7%), from €352,921 to €358,895
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,045,314 | €1,025,523 | -€19,791 | -1.9% |
| Fixed assets | 21/28 | €1,041,931 | €1,021,120 | -€20,811 | -2.0% |
| Tangible fixed assets | 22/27 | €1,041,931 | €1,021,120 | -€20,811 | -2.0% |
| Land and buildings | 22 | €1,041,931 | €1,021,120 | -€20,811 | -2.0% |
| Current assets | 29/58 | €3,383 | €4,403 | +€1,020 | +30.1% |
| Amounts receivable within one year | 40/41 | €1,705 | €4,403 | +€2,697 | +158.2% |
| Other amounts receivable | 41 | €1,705 | €4,403 | +€2,697 | +158.2% |
| Cash at bank and in hand | 54/58 | €1,678 | - | -€1,678 | |
| Total equity and liabilities | 10/49 | €1,045,314 | €1,025,523 | -€19,791 | -1.9% |
| Equity | 10/15 | €702,051 | €703,967 | +€1,916 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €681,591 | €683,507 | +€1,916 | +0.3% |
| Amounts payable | 17/49 | €343,263 | €321,556 | -€21,707 | -6.3% |
| Amounts payable within one year | 42/48 | €343,263 | €321,556 | -€21,707 | -6.3% |
| Financial debts | 43 | - | €470 | +€470 | |
| Credit institutions | 430/8 | - | €470 | +€470 | |
| Trade debts | 44 | €1,755 | - | -€1,755 | |
| Suppliers | 440/4 | €1,755 | - | -€1,755 | |
| Taxes, remuneration and social security | 45 | €9,958 | €545 | -€9,413 | -94.5% |
| Taxes | 450/3 | €9,958 | €545 | -€9,413 | -94.5% |
| Other amounts payable | 47/48 | €331,550 | €320,541 | -€11,009 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,848 | €20,811 | +€1,963 | +10.4% |
| Gross operating margin | 9900 | €352,921 | €358,895 | +€5,974 | +1.7% |
| Operating profit (loss) | 9901 | €334,073 | €338,085 | +€4,012 | +1.2% |
| Financial charges | 65/66B | €1,710 | €1,866 | +€155 | +9.1% |
| Recurring financial charges | 65 | €1,710 | €1,866 | +€155 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €332,363 | €336,219 | +€3,856 | +1.2% |
| Income taxes | 67/77 | €81,795 | €84,303 | +€2,508 | +3.1% |
| Profit (loss) for the period | 9904 | €250,568 | €251,916 | +€1,348 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €250,568 | €251,916 | +€1,348 | +0.5% |
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 10 October 2026 via checked.be.