IMMOCAP: 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.
IMMOCAP
Largest movements
- Current investments -€42,250
down €42,250 (-94.4%), from €44,750 to €2,500
- Receivables within one year +€33,805
up €33,805 (+319.6%), from €10,576 to €44,381
of which Other amounts receivable: +€34,053
- Receivables after one year -€6,600
down €6,600 (-33.3%), from €19,800 to €13,200
- Cash +€1,074
up €1,074 (+528.0%), from €203 to €1,278
mainly Current investments (+€42,250) and Receivables after one year (+€6,600)
- Tangible fixed assets +€991
up €991 (+65.9%), from €1,504 to €2,495
- Profit (loss) carried forward -€7,956
down €7,956, from €314 to -€7,642
- Tax, wage and social debts -€5,208
down €5,208 (-91.3%), from €5,702 to €494
- Reserves -€1,445
down €1,445 (-7.4%), from €19,505 to €18,060
- Other debts +€1,080
up €1,080 (+12.9%), from €8,400 to €9,480
- Gross operating margin -€5,746
down €5,746 (-512.4%), from -€1,121 to -€6,867
- Taxes -€686
no longer reported in 2025 (was €686)
- Depreciation +€289
up €289 (+66.8%), from €433 to €722
- Financial charges +€92
up €92 (+65.8%), from €140 to €233
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 | €76,833 | €63,854 | -€12,980 | -16.9% |
| Fixed assets | 21/28 | €1,504 | €2,495 | +€991 | +65.9% |
| Tangible fixed assets | 22/27 | €1,504 | €2,495 | +€991 | +65.9% |
| Furniture and vehicles | 24 | €1,504 | €2,495 | +€991 | +65.9% |
| Current assets | 29/58 | €75,330 | €61,358 | -€13,971 | -18.5% |
| Amounts receivable after more than one year | 29 | €19,800 | €13,200 | -€6,600 | -33.3% |
| Trade receivables | 290 | €19,800 | €13,200 | -€6,600 | -33.3% |
| Amounts receivable within one year | 40/41 | €10,576 | €44,381 | +€33,805 | +319.6% |
| Trade receivables | 40 | €2,300 | €2,051 | -€249 | -10.8% |
| Other amounts receivable | 41 | €8,276 | €42,330 | +€34,053 | +411.5% |
| Current investments | 50/53 | €44,750 | €2,500 | -€42,250 | -94.4% |
| Cash at bank and in hand | 54/58 | €203 | €1,278 | +€1,074 | +528.0% |
| Total equity and liabilities | 10/49 | €76,833 | €63,854 | -€12,980 | -16.9% |
| Equity | 10/15 | €62,319 | €52,918 | -€9,401 | -15.1% |
| Contributions | 10/11 | €42,500 | €42,500 | = | 0.0% |
| Outside capital | 11 | €42,500 | €42,500 | = | 0.0% |
| Other | 1109/19 | €42,500 | €42,500 | = | 0.0% |
| Reserves | 13 | €19,505 | €18,060 | -€1,445 | -7.4% |
| Distributable reserves | 133 | €19,505 | €18,060 | -€1,445 | -7.4% |
| Profit (loss) carried forward | 14 | €314 | -€7,642 | -€7,956 | |
| Amounts payable | 17/49 | €14,514 | €10,936 | -€3,579 | -24.7% |
| Amounts payable within one year | 42/48 | €14,494 | €10,910 | -€3,584 | -24.7% |
| Financial debts | 43 | €375 | €375 | = | 0.0% |
| Credit institutions | 430/8 | €375 | €375 | = | 0.0% |
| Trade debts | 44 | €16 | €561 | +€545 | +3307.0% |
| Suppliers | 440/4 | €16 | €561 | +€545 | +3307.0% |
| Taxes, remuneration and social security | 45 | €5,702 | €494 | -€5,208 | -91.3% |
| Taxes | 450/3 | €5,702 | €494 | -€5,208 | -91.3% |
| Other amounts payable | 47/48 | €8,400 | €9,480 | +€1,080 | +12.9% |
| Accrued charges and deferred income | 492/3 | €21 | €26 | +€5 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €433 | €722 | +€289 | +66.8% |
| Other operating charges | 640/8 | €197 | €208 | +€11 | +5.5% |
| Non-recurring operating charges | 66A | - | €252 | +€252 | |
| Gross operating margin | 9900 | -€1,121 | -€6,867 | -€5,746 | -512.4% |
| Operating profit (loss) | 9901 | -€1,751 | -€8,048 | -€6,297 | -359.7% |
| Financial income | 75/76B | €283 | €325 | +€42 | +14.8% |
| Recurring financial income | 75 | €283 | €325 | +€42 | +14.8% |
| Financial charges | 65/66B | €140 | €233 | +€92 | +65.8% |
| Recurring financial charges | 65 | €140 | €233 | +€92 | +65.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,608 | -€7,956 | -€6,348 | -394.7% |
| Income taxes | 67/77 | €686 | - | -€686 | |
| Profit (loss) for the period | 9904 | -€2,294 | -€7,956 | -€5,662 | -246.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,294 | -€7,956 | -€5,662 | -246.8% |
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 7 October 2026 via checked.be.