IMMOCAT: 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.
IMMOCAT
Largest movements
- Receivables within one year +€23,043
up €23,043 (+14.3%), from €160,930 to €183,973
of which Trade receivables: +€11,751
- Cash -€21,967
down €21,967 (-12.2%), from €180,716 to €158,749
mainly Contributions, distributions and other (-€40,000) and Receivables within one year (-€23,043)
- Profit (loss) carried forward -€39,615
down €39,615 (-4.4%), from €902,705 to €863,090
- Reserves +€25,000
up €25,000 (+36.7%), from €68,200 to €93,200
of which Distributable reserves: +€25,000
- Other debts +€16,809
up €16,809 (+19.5%), from €86,196 to €103,005
- Gross operating margin -€5,210
down €5,210 (-15.0%), from €34,787 to €29,577
- Taxes -€470
down €470 (-15.8%), from €2,970 to €2,500
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 | €1,162,079 | €1,162,878 | +€799 | +0.1% |
| Fixed assets | 21/28 | €812,205 | €811,845 | -€360 | 0.0% |
| Tangible fixed assets | 22/27 | €13,176 | €12,816 | -€360 | -2.7% |
| Land and buildings | 22 | €13,176 | €12,816 | -€360 | -2.7% |
| Financial fixed assets | 28 | €799,029 | €799,029 | = | 0.0% |
| Current assets | 29/58 | €349,874 | €351,033 | +€1,159 | +0.3% |
| Amounts receivable within one year | 40/41 | €160,930 | €183,973 | +€23,043 | +14.3% |
| Trade receivables | 40 | €32,492 | €44,243 | +€11,751 | +36.2% |
| Other amounts receivable | 41 | €128,438 | €139,730 | +€11,292 | +8.8% |
| Cash at bank and in hand | 54/58 | €180,716 | €158,749 | -€21,967 | -12.2% |
| Deferred charges and accrued income | 490/1 | €8,228 | €8,311 | +€83 | +1.0% |
| Total equity and liabilities | 10/49 | €1,162,079 | €1,162,878 | +€799 | +0.1% |
| Equity | 10/15 | €1,045,905 | €1,031,290 | -€14,615 | -1.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €68,200 | €93,200 | +€25,000 | +36.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €60,700 | €85,700 | +€25,000 | +41.2% |
| Profit (loss) carried forward | 14 | €902,705 | €863,090 | -€39,615 | -4.4% |
| Amounts payable | 17/49 | €116,174 | €131,588 | +€15,414 | +13.3% |
| Amounts payable within one year | 42/48 | €103,424 | €121,388 | +€17,964 | +17.4% |
| Trade debts | 44 | €10,812 | €15,883 | +€5,071 | +46.9% |
| Suppliers | 440/4 | €10,812 | €15,883 | +€5,071 | +46.9% |
| Taxes, remuneration and social security | 45 | €6,416 | €2,500 | -€3,916 | -61.0% |
| Taxes | 450/3 | €6,416 | €2,500 | -€3,916 | -61.0% |
| Other amounts payable | 47/48 | €86,196 | €103,005 | +€16,809 | +19.5% |
| Accrued charges and deferred income | 492/3 | €12,750 | €10,200 | -€2,550 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | €360 | +€1 | +0.3% |
| Other operating charges | 640/8 | €1,253 | €1,134 | -€119 | -9.5% |
| Gross operating margin | 9900 | €34,787 | €29,577 | -€5,210 | -15.0% |
| Operating profit (loss) | 9901 | €33,175 | €28,083 | -€5,092 | -15.3% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | €504 | €245 | -€259 | -51.4% |
| Recurring financial charges | 65 | €504 | €245 | -€259 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | €32,671 | €27,885 | -€4,786 | -14.6% |
| Income taxes | 67/77 | €2,970 | €2,500 | -€470 | -15.8% |
| Profit (loss) for the period | 9904 | €29,701 | €25,385 | -€4,316 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,701 | €25,385 | -€4,316 | -14.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.