IMMOCER: what changed
Two financial 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.
IMMOCER
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Tangible fixed assets +€53,550
up €53,550 (+117.6%), from €45,554 to €99,105
of which Furniture and vehicles: +€55,109
- Cash -€42,047
down €42,047 (-48.8%), from €86,176 to €44,129
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€69,407)
- Receivables within one year -€16,349
down €16,349 (-64.7%), from €25,279 to €8,930
- Reserves +€105,035
up €105,035 (+128.4%), from €81,823 to €186,859
- Debts after one year -€11,398
down €11,398 (-51.1%), from €22,290 to €10,893
- Other debts +€10,287
up €10,287 (+262.6%), from €3,918 to €14,205
- Tax, wage and social debts -€6,468
down €6,468 (-17.7%), from €36,611 to €30,143
of which Remuneration and social security: -€4,528
- Gross operating margin +€33,556
up €33,556 (+28.1%), from €119,608 to €153,164
- Taxes +€6,480
up €6,480 (+29.3%), from €22,086 to €28,566
- Depreciation +€4,664
up €4,664 (+41.7%), from €11,192 to €15,856
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 | €159,358 | €256,610 | +€97,253 | +61.0% |
| Fixed assets | 21/28 | €45,554 | €99,105 | +€53,550 | +117.6% |
| Tangible fixed assets | 22/27 | €45,554 | €99,105 | +€53,550 | +117.6% |
| Plant, machinery and equipment | 23 | €5,123 | €3,564 | -€1,559 | -30.4% |
| Furniture and vehicles | 24 | €40,431 | €95,541 | +€55,109 | +136.3% |
| Current assets | 29/58 | €113,803 | €157,506 | +€43,702 | +38.4% |
| Amounts receivable within one year | 40/41 | €25,279 | €8,930 | -€16,349 | -64.7% |
| Trade receivables | 40 | €25,279 | €8,930 | -€16,349 | -64.7% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €86,176 | €44,129 | -€42,047 | -48.8% |
| Deferred charges and accrued income | 490/1 | €2,348 | €4,447 | +€2,099 | +89.4% |
| Total equity and liabilities | 10/49 | €159,358 | €256,610 | +€97,253 | +61.0% |
| Equity | 10/15 | €81,823 | €186,859 | +€105,035 | +128.4% |
| Reserves | 13 | €81,823 | €186,859 | +€105,035 | +128.4% |
| Distributable reserves | 133 | €81,823 | €186,859 | +€105,035 | +128.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,534 | €69,752 | -€7,782 | -10.0% |
| Amounts payable after more than one year | 17 | €22,290 | €10,893 | -€11,398 | -51.1% |
| Financial debts | 170/4 | €22,290 | €10,893 | -€11,398 | -51.1% |
| Amounts payable within one year | 42/48 | €55,244 | €58,859 | +€3,615 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €10,912 | €12,325 | +€1,413 | +13.0% |
| Trade debts | 44 | €3,802 | €2,186 | -€1,617 | -42.5% |
| Suppliers | 440/4 | €3,802 | €2,186 | -€1,617 | -42.5% |
| Taxes, remuneration and social security | 45 | €36,611 | €30,143 | -€6,468 | -17.7% |
| Taxes | 450/3 | €32,083 | €30,143 | -€1,940 | -6.0% |
| Remuneration and social security | 454/9 | €4,528 | €0 | -€4,528 | -100.0% |
| Other amounts payable | 47/48 | €3,918 | €14,205 | +€10,287 | +262.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,192 | €15,856 | +€4,664 | +41.7% |
| Other operating charges | 640/8 | €866 | €837 | -€29 | -3.3% |
| Gross operating margin | 9900 | €119,608 | €153,164 | +€33,556 | +28.1% |
| Operating profit (loss) | 9901 | €107,550 | €136,470 | +€28,920 | +26.9% |
| Financial charges | 65/66B | €2,040 | €1,203 | -€837 | -41.0% |
| Recurring financial charges | 65 | €2,040 | €1,203 | -€837 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €105,509 | €135,267 | +€29,758 | +28.2% |
| Income taxes | 67/77 | €22,086 | €28,566 | +€6,480 | +29.3% |
| Profit (loss) for the period | 9904 | €83,423 | €106,701 | +€23,278 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,423 | €106,701 | +€23,278 | +27.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.