IMMOCAM: 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.
IMMOCAM
Largest movements
- Tangible fixed assets +€133,290
up €133,290 (+37.8%), from €352,754 to €486,044
- Cash -€13,445
down €13,445 (-40.2%), from €33,435 to €19,990
mainly Investment in fixed assets (net) (-€163,296) and Debts after one year (-€8,157)
- Other debts +€132,440
up €132,440 (+53.3%), from €248,446 to €380,886
- Debts after one year -€8,157
down €8,157 (-13.5%), from €60,309 to €52,152
- Gross operating margin +€3,448
up €3,448 (+6.5%), from €53,363 to €56,811
- Depreciation +€2,708
up €2,708 (+9.9%), from €27,298 to €30,006
- Financial charges +€2,251
up €2,251 (+11.1%), from €20,273 to €22,524
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 | €430,165 | €553,622 | +€123,457 | +28.7% |
| Fixed assets | 21/28 | €352,754 | €486,044 | +€133,290 | +37.8% |
| Tangible fixed assets | 22/27 | €352,754 | €486,044 | +€133,290 | +37.8% |
| Land and buildings | 22 | €352,754 | €486,044 | +€133,290 | +37.8% |
| Current assets | 29/58 | €77,411 | €67,577 | -€9,833 | -12.7% |
| Amounts receivable within one year | 40/41 | €41,040 | €44,251 | +€3,211 | +7.8% |
| Trade receivables | 40 | €25,942 | €24,442 | -€1,500 | -5.8% |
| Other amounts receivable | 41 | €15,098 | €19,809 | +€4,711 | +31.2% |
| Cash at bank and in hand | 54/58 | €33,435 | €19,990 | -€13,445 | -40.2% |
| Deferred charges and accrued income | 490/1 | €2,935 | €3,336 | +€401 | +13.7% |
| Total equity and liabilities | 10/49 | €430,165 | €553,622 | +€123,457 | +28.7% |
| Equity | 10/15 | €113,432 | €112,427 | -€1,005 | -0.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,232 | €44,227 | -€1,005 | -2.2% |
| Amounts payable | 17/49 | €316,733 | €441,195 | +€124,462 | +39.3% |
| Amounts payable after more than one year | 17 | €60,309 | €52,152 | -€8,157 | -13.5% |
| Financial debts | 170/4 | €60,309 | €52,152 | -€8,157 | -13.5% |
| Amounts payable within one year | 42/48 | €256,424 | €389,043 | +€132,619 | +51.7% |
| Current portion of amounts payable after more than one year | 42 | €7,978 | €8,157 | +€179 | +2.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €248,446 | €380,886 | +€132,440 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,298 | €30,006 | +€2,708 | +9.9% |
| Other operating charges | 640/8 | €5,028 | €5,379 | +€351 | +7.0% |
| Gross operating margin | 9900 | €53,363 | €56,811 | +€3,448 | +6.5% |
| Operating profit (loss) | 9901 | €21,037 | €21,427 | +€390 | +1.9% |
| Financial income | 75/76B | - | €92 | +€92 | |
| Recurring financial income | 75 | - | €92 | +€92 | |
| Financial charges | 65/66B | €20,273 | €22,524 | +€2,251 | +11.1% |
| Recurring financial charges | 65 | €20,273 | €22,524 | +€2,251 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €764 | -€1,005 | -€1,769 | |
| Income taxes | 67/77 | €191 | €0 | -€191 | -100.0% |
| Profit (loss) for the period | 9904 | €573 | -€1,005 | -€1,578 | |
| Profit (loss) for the period to be appropriated | 9905 | €573 | -€1,005 | -€1,578 |
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 12 October 2026 via checked.be.