IMMOCARDICE: 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.
IMMOCARDICE
Largest movements
- Tangible fixed assets -€21,091
down €21,091 (-6.5%), from €326,741 to €305,650
of which Land and buildings: -€12,074
- Cash +€3,643
up €3,643 (+234.7%), from €1,552 to €5,195
mainly Depreciation (+€21,091) and Other debts (+€713)
- Debts after one year -€13,799
down €13,799 (-40.8%), from €33,825 to €20,025
- Reserves -€5,321
down €5,321 (-4.4%), from €120,928 to €115,607
of which Tax-exempt reserves: -€5,321
- Profit (loss) carried forward +€4,127
up €4,127 (+11.8%), from -€34,983 to -€30,856
- Depreciation -€305
down €305 (-1.4%), from €21,396 to €21,091
- Financial charges -€267
down €267 (-21.5%), from €1,238 to €972
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 | €331,826 | €315,157 | -€16,669 | -5.0% |
| Fixed assets | 21/28 | €326,776 | €305,685 | -€21,091 | -6.5% |
| Tangible fixed assets | 22/27 | €326,741 | €305,650 | -€21,091 | -6.5% |
| Land and buildings | 22 | €297,153 | €285,078 | -€12,074 | -4.1% |
| Plant, machinery and equipment | 23 | €29,588 | €20,572 | -€9,016 | -30.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €5,050 | €9,472 | +€4,422 | +87.6% |
| Amounts receivable within one year | 40/41 | €3,498 | €4,276 | +€778 | +22.2% |
| Trade receivables | 40 | €585 | - | -€585 | |
| Other amounts receivable | 41 | €2,913 | €4,276 | +€1,363 | +46.8% |
| Cash at bank and in hand | 54/58 | €1,552 | €5,195 | +€3,643 | +234.7% |
| Total equity and liabilities | 10/49 | €331,826 | €315,157 | -€16,669 | -5.0% |
| Equity | 10/15 | €182,045 | €180,851 | -€1,194 | -0.7% |
| Contributions | 10/11 | €96,100 | €96,100 | = | 0.0% |
| Reserves | 13 | €120,928 | €115,607 | -€5,321 | -4.4% |
| Tax-exempt reserves | 132 | €70,754 | €65,433 | -€5,321 | -7.5% |
| Distributable reserves | 133 | €50,174 | €50,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,983 | -€30,856 | +€4,127 | +11.8% |
| Provisions and deferred taxes | 16 | €65,060 | €63,286 | -€1,774 | -2.7% |
| Deferred taxes | 168 | €65,060 | €63,286 | -€1,774 | -2.7% |
| Amounts payable | 17/49 | €84,721 | €71,019 | -€13,702 | -16.2% |
| Amounts payable after more than one year | 17 | €33,825 | €20,025 | -€13,799 | -40.8% |
| Financial debts | 170/4 | €33,825 | €20,025 | -€13,799 | -40.8% |
| Amounts payable within one year | 42/48 | €49,592 | €50,600 | +€1,007 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €14,643 | €14,937 | +€294 | +2.0% |
| Other amounts payable | 47/48 | €34,950 | €35,663 | +€713 | +2.0% |
| Accrued charges and deferred income | 492/3 | €1,304 | €394 | -€910 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,396 | €21,091 | -€305 | -1.4% |
| Other operating charges | 640/8 | €4,223 | €4,353 | +€130 | +3.1% |
| Gross operating margin | 9900 | €23,328 | €23,434 | +€106 | +0.5% |
| Operating profit (loss) | 9901 | -€2,291 | -€2,010 | +€281 | +12.3% |
| Financial income | 75/76B | €23 | €14 | -€10 | -40.9% |
| Recurring financial income | 75 | €23 | €14 | -€10 | -40.9% |
| Financial charges | 65/66B | €1,238 | €972 | -€267 | -21.5% |
| Recurring financial charges | 65 | €1,238 | €972 | -€267 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,506 | -€2,967 | +€538 | +15.3% |
| Transfer from deferred taxes | 780 | €1,850 | €1,774 | -€76 | -4.1% |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | -€1,656 | -€1,194 | +€462 | +27.9% |
| Transfer from tax-exempt reserves | 789 | €5,550 | €5,321 | -€229 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,894 | €4,127 | +€232 | +6.0% |
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 8 October 2026 via checked.be.