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
- Tangible fixed assets -€17,408
down €17,408 (-3.8%), from €456,384 to €438,976
of which Land and buildings: -€14,459
- Cash -€14,855
down €14,855 (-73.3%), from €20,258 to €5,404
mainly Debts after one year (-€25,399) and Receivables within one year (-€4,099)
- Debts after one year -€25,399
down €25,399 (-5.9%), from €433,954 to €408,555
- Gross operating margin -€8,644
down €8,644 (-31.1%), from €27,763 to €19,119
- Financial income -€3,404
down €3,404 (-48.5%), from €7,012 to €3,608
- Financial charges +€768
up €768 (+12.2%), from €6,288 to €7,056
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 | €593,328 | €565,175 | -€28,154 | -4.7% |
| Fixed assets | 21/28 | €456,384 | €438,976 | -€17,408 | -3.8% |
| Tangible fixed assets | 22/27 | €456,384 | €438,976 | -€17,408 | -3.8% |
| Land and buildings | 22 | €450,385 | €435,926 | -€14,459 | -3.2% |
| Plant, machinery and equipment | 23 | €3,115 | €2,840 | -€275 | -8.8% |
| Furniture and vehicles | 24 | €2,884 | €210 | -€2,674 | -92.7% |
| Current assets | 29/58 | €136,944 | €126,198 | -€10,746 | -7.8% |
| Amounts receivable within one year | 40/41 | €5,540 | €9,639 | +€4,099 | +74.0% |
| Trade receivables | 40 | €337 | €3,697 | +€3,361 | +998.1% |
| Other amounts receivable | 41 | €5,203 | €5,942 | +€738 | +14.2% |
| Current investments | 50/53 | €110,600 | €110,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,258 | €5,404 | -€14,855 | -73.3% |
| Deferred charges and accrued income | 490/1 | €546 | €555 | +€10 | +1.8% |
| Total equity and liabilities | 10/49 | €593,328 | €565,175 | -€28,154 | -4.7% |
| Equity | 10/15 | €1,521 | -€1,015 | -€2,536 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,479 | -€4,015 | -€2,536 | -171.4% |
| Amounts payable | 17/49 | €591,807 | €566,189 | -€25,618 | -4.3% |
| Amounts payable after more than one year | 17 | €433,954 | €408,555 | -€25,399 | -5.9% |
| Financial debts | 170/4 | €433,954 | €408,555 | -€25,399 | -5.9% |
| Amounts payable within one year | 42/48 | €157,458 | €156,714 | -€745 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €27,117 | €27,499 | +€382 | +1.4% |
| Trade debts | 44 | €2,713 | €1,438 | -€1,275 | -47.0% |
| Suppliers | 440/4 | €2,713 | €1,438 | -€1,275 | -47.0% |
| Other amounts payable | 47/48 | €127,628 | €127,776 | +€148 | +0.1% |
| Accrued charges and deferred income | 492/3 | €395 | €921 | +€526 | +133.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,299 | €17,408 | +€109 | +0.6% |
| Other operating charges | 640/8 | €789 | €800 | +€11 | +1.3% |
| Gross operating margin | 9900 | €27,763 | €19,119 | -€8,644 | -31.1% |
| Operating profit (loss) | 9901 | €9,675 | €912 | -€8,764 | -90.6% |
| Financial income | 75/76B | €7,012 | €3,608 | -€3,404 | -48.5% |
| Recurring financial income | 75 | €7,012 | €3,608 | -€3,404 | -48.5% |
| Financial charges | 65/66B | €6,288 | €7,056 | +€768 | +12.2% |
| Recurring financial charges | 65 | €6,288 | €7,056 | +€768 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €10,400 | -€2,536 | -€12,935 | |
| Profit (loss) for the period | 9904 | €10,400 | -€2,536 | -€12,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,400 | -€2,536 | -€12,935 |
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 8 October 2026 via checked.be.