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
- Cash +€16,190
up €16,190 (+24.9%), from €64,915 to €81,105
mainly Depreciation (+€20,512) and Deferred charges and accrued income (+€13,708)
- Deferred charges and accrued income -€13,708
down €13,708 (-94.0%), from €14,579 to €872
- Receivables within one year +€12,586
up €12,586 (+1489.7%), from €845 to €13,431
- Tangible fixed assets -€2,601
down €2,601 (-2.2%), from €118,090 to €115,488
of which Land and buildings: -€8,942
- Trade debts +€12,743
up €12,743 (+6429.7%), from €198 to €12,941
- Other debts +€9,333
up €9,333 (+6.0%), from €155,747 to €165,080
- Accrued charges and deferred income -€9,333
no longer reported in 2025 (was €9,333)
- Debts after one year -€6,776
down €6,776 (-56.3%), from €12,043 to €5,267
- Profit (loss) carried forward +€6,229
up €6,229 (+4.9%), from -€126,716 to -€120,487
- Gross operating margin -€15,255
down €15,255 (-32.7%), from €46,683 to €31,428
- Other operating charges +€1,300
up €1,300 (+44.7%), from €2,906 to €4,207
- Depreciation +€1,060
up €1,060 (+5.4%), from €19,452 to €20,512
- Financial income +€547
up €547 (+16095.6%), from €3 to €551
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 | €198,430 | €210,896 | +€12,467 | +6.3% |
| Fixed assets | 21/28 | €118,090 | €115,488 | -€2,601 | -2.2% |
| Tangible fixed assets | 22/27 | €118,090 | €115,488 | -€2,601 | -2.2% |
| Land and buildings | 22 | €31,079 | €22,138 | -€8,942 | -28.8% |
| Plant, machinery and equipment | 23 | €87,011 | €93,351 | +€6,340 | +7.3% |
| Current assets | 29/58 | €80,340 | €95,408 | +€15,068 | +18.8% |
| Amounts receivable within one year | 40/41 | €845 | €13,431 | +€12,586 | +1489.7% |
| Trade receivables | 40 | €845 | €13,431 | +€12,586 | +1489.7% |
| Cash at bank and in hand | 54/58 | €64,915 | €81,105 | +€16,190 | +24.9% |
| Deferred charges and accrued income | 490/1 | €14,579 | €872 | -€13,708 | -94.0% |
| Total equity and liabilities | 10/49 | €198,430 | €210,896 | +€12,467 | +6.3% |
| Equity | 10/15 | €14,603 | €20,832 | +€6,229 | +42.7% |
| Contributions | 10/11 | €134,110 | €134,110 | = | 0.0% |
| Outside capital | 11 | €134,110 | €134,110 | = | 0.0% |
| Other | 1109/19 | €134,110 | €134,110 | = | 0.0% |
| Reserves | 13 | €7,208 | €7,208 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,208 | €7,208 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,208 | €7,208 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,716 | -€120,487 | +€6,229 | +4.9% |
| Amounts payable | 17/49 | €183,827 | €190,065 | +€6,238 | +3.4% |
| Amounts payable after more than one year | 17 | €12,043 | €5,267 | -€6,776 | -56.3% |
| Financial debts | 170/4 | €12,043 | €5,267 | -€6,776 | -56.3% |
| Amounts payable within one year | 42/48 | €162,451 | €184,798 | +€22,347 | +13.8% |
| Current portion of amounts payable after more than one year | 42 | €6,505 | €6,776 | +€271 | +4.2% |
| Trade debts | 44 | €198 | €12,941 | +€12,743 | +6429.7% |
| Suppliers | 440/4 | €198 | €12,941 | +€12,743 | +6429.7% |
| Other amounts payable | 47/48 | €155,747 | €165,080 | +€9,333 | +6.0% |
| Accrued charges and deferred income | 492/3 | €9,333 | - | -€9,333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,452 | €20,512 | +€1,060 | +5.4% |
| Other operating charges | 640/8 | €2,906 | €4,207 | +€1,300 | +44.7% |
| Gross operating margin | 9900 | €46,683 | €31,428 | -€15,255 | -32.7% |
| Operating profit (loss) | 9901 | €24,325 | €6,709 | -€17,615 | -72.4% |
| Financial income | 75/76B | €3 | €551 | +€547 | +16095.6% |
| Recurring financial income | 75 | €3 | €551 | +€547 | +16095.6% |
| Financial charges | 65/66B | €1,248 | €1,030 | -€218 | -17.4% |
| Recurring financial charges | 65 | €1,248 | €1,030 | -€218 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €23,080 | €6,229 | -€16,851 | -73.0% |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €23,080 | €6,229 | -€16,851 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,080 | €6,229 | -€16,851 | -73.0% |
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 4 October 2026 via checked.be.