IMMOCEVA: 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.
IMMOCEVA
Largest movements
- Deferred charges and accrued income +€49,067
new in 2025: €49,067
- Tangible fixed assets -€32,027
down €32,027 (-7.4%), from €434,866 to €402,840
- Receivables within one year +€13,576
up €13,576 (+244.6%), from €5,551 to €19,128
of which Trade receivables: +€13,606
- Cash -€4,900
down €4,900 (-90.4%), from €5,422 to €521
mainly Deferred charges and accrued income (-€49,067) and Receivables within one year (-€13,576)
- Other debts +€19,095
up €19,095 (+2187.0%), from €873 to €19,968
- Profit (loss) carried forward +€6,086
new in 2025: €6,086
- Gross operating margin +€31,897
up €31,897 (+311.9%), from €10,225 to €42,123
- Other operating charges -€16,123
down €16,123 (-79.7%), from €20,222 to €4,098
- Depreciation +€3,432
up €3,432 (+12.0%), from €28,595 to €32,027
- Financial income +€571
new in 2025: €571
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 | €458,497 | €484,786 | +€26,288 | +5.7% |
| Fixed assets | 21/28 | €435,052 | €403,026 | -€32,027 | -7.4% |
| Tangible fixed assets | 22/27 | €434,866 | €402,840 | -€32,027 | -7.4% |
| Land and buildings | 22 | €434,866 | €402,840 | -€32,027 | -7.4% |
| Financial fixed assets | 28 | €186 | €186 | = | 0.0% |
| Current assets | 29/58 | €23,445 | €81,760 | +€58,315 | +248.7% |
| Amounts receivable after more than one year | 29 | €12,472 | €13,044 | +€571 | +4.6% |
| Other amounts receivable | 291 | €12,472 | €13,044 | +€571 | +4.6% |
| Amounts receivable within one year | 40/41 | €5,551 | €19,128 | +€13,576 | +244.6% |
| Trade receivables | 40 | €5,521 | €19,128 | +€13,606 | +246.4% |
| Other amounts receivable | 41 | €30 | - | -€30 | |
| Cash at bank and in hand | 54/58 | €5,422 | €521 | -€4,900 | -90.4% |
| Deferred charges and accrued income | 490/1 | - | €49,067 | +€49,067 | |
| Total equity and liabilities | 10/49 | €458,497 | €484,786 | +€26,288 | +5.7% |
| Equity | 10/15 | €364,245 | €370,331 | +€6,086 | +1.7% |
| Contributions | 10/11 | €230,111 | €230,111 | = | 0.0% |
| Reserves | 13 | €134,134 | €134,134 | = | 0.0% |
| Distributable reserves | 133 | €134,134 | €134,134 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,086 | +€6,086 | |
| Amounts payable | 17/49 | €94,253 | €114,455 | +€20,202 | +21.4% |
| Amounts payable within one year | 42/48 | €94,253 | €114,455 | +€20,202 | +21.4% |
| Trade debts | 44 | €93,380 | €94,487 | +€1,107 | +1.2% |
| Suppliers | 440/4 | €93,380 | €94,487 | +€1,107 | +1.2% |
| Other amounts payable | 47/48 | €873 | €19,968 | +€19,095 | +2187.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,595 | €32,027 | +€3,432 | +12.0% |
| Other operating charges | 640/8 | €20,222 | €4,098 | -€16,123 | -79.7% |
| Gross operating margin | 9900 | €10,225 | €42,123 | +€31,897 | +311.9% |
| Operating profit (loss) | 9901 | -€38,591 | €5,998 | +€44,589 | |
| Financial income | 75/76B | - | €571 | +€571 | |
| Recurring financial income | 75 | - | €571 | +€571 | |
| Financial charges | 65/66B | €604 | €483 | -€121 | -20.0% |
| Recurring financial charges | 65 | €604 | €483 | -€121 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€39,195 | €6,086 | +€45,281 | |
| Profit (loss) for the period | 9904 | -€39,195 | €6,086 | +€45,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,195 | €6,086 | +€45,281 |
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.