IMMOCHAP: 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.
IMMOCHAP
Largest movements
- Deferred charges and accrued income -€25,843
down €25,843 (-33.3%), from €77,546 to €51,703
- Cash +€20,741
up €20,741 (+3.0%), from €686,683 to €707,424
mainly Net result for the year (+€114,747) and Deferred charges and accrued income (+€25,843)
- Reserves +€114,500
up €114,500 (+208.2%), from €55,000 to €169,500
of which Distributable reserves: +€114,500
- Profit (loss) carried forward -€99,753
down €99,753 (-10.9%), from €912,922 to €813,169
- Debts after one year -€25,702
down €25,702 (-11.9%), from €216,739 to €191,037
of which Financial debts: -€25,702
- Gross operating margin -€95,879
down €95,879 (-22.2%), from €431,015 to €335,135
- Taxes -€13,399
down €13,399 (-17.7%), from €75,676 to €62,278
- Other operating charges +€5,399
up €5,399 (+4.2%), from €128,998 to €134,397
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 | €1,862,039 | €1,849,480 | -€12,559 | -0.7% |
| Fixed assets | 21/28 | €1,088,464 | €1,073,615 | -€14,848 | -1.4% |
| Tangible fixed assets | 22/27 | €1,088,464 | €1,073,615 | -€14,848 | -1.4% |
| Land and buildings | 22 | €1,084,694 | €1,069,962 | -€14,732 | -1.4% |
| Plant, machinery and equipment | 23 | €3,770 | €3,654 | -€116 | -3.1% |
| Current assets | 29/58 | €773,575 | €775,865 | +€2,290 | +0.3% |
| Amounts receivable within one year | 40/41 | €9,339 | €16,735 | +€7,396 | +79.2% |
| Other amounts receivable | 41 | €9,339 | €16,735 | +€7,396 | +79.2% |
| Current investments | 50/53 | €6 | €3 | -€3 | -54.2% |
| Cash at bank and in hand | 54/58 | €686,683 | €707,424 | +€20,741 | +3.0% |
| Deferred charges and accrued income | 490/1 | €77,546 | €51,703 | -€25,843 | -33.3% |
| Total equity and liabilities | 10/49 | €1,862,039 | €1,849,480 | -€12,559 | -0.7% |
| Equity | 10/15 | €1,517,922 | €1,532,669 | +€14,747 | +1.0% |
| Contributions | 10/11 | €550,000 | €550,000 | = | 0.0% |
| Capital | 10 | €550,000 | €550,000 | = | 0.0% |
| Issued capital | 100 | €550,000 | €550,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €169,500 | +€114,500 | +208.2% |
| Non-distributable reserves | 130/1 | €55,000 | €55,000 | = | 0.0% |
| Legal reserve | 130 | €55,000 | €55,000 | = | 0.0% |
| Distributable reserves | 133 | - | €114,500 | +€114,500 | |
| Profit (loss) carried forward | 14 | €912,922 | €813,169 | -€99,753 | -10.9% |
| Amounts payable | 17/49 | €344,117 | €316,811 | -€27,305 | -7.9% |
| Amounts payable after more than one year | 17 | €216,739 | €191,037 | -€25,702 | -11.9% |
| Financial debts | 170/4 | €214,759 | €189,057 | -€25,702 | -12.0% |
| Other amounts payable | 178/9 | €1,980 | €1,980 | = | 0.0% |
| Amounts payable within one year | 42/48 | €127,306 | €125,702 | -€1,604 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €24,787 | €25,702 | +€915 | +3.7% |
| Other amounts payable | 47/48 | €102,519 | €100,000 | -€2,519 | -2.5% |
| Accrued charges and deferred income | 492/3 | €72 | €72 | +€0 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,836 | €14,848 | +€12 | +0.1% |
| Other operating charges | 640/8 | €128,998 | €134,397 | +€5,399 | +4.2% |
| Gross operating margin | 9900 | €431,015 | €335,135 | -€95,879 | -22.2% |
| Operating profit (loss) | 9901 | €287,181 | €185,891 | -€101,290 | -35.3% |
| Financial income | 75/76B | €52 | €43 | -€10 | -18.6% |
| Recurring financial income | 75 | €52 | €43 | -€10 | -18.6% |
| Financial charges | 65/66B | €9,790 | €8,909 | -€881 | -9.0% |
| Recurring financial charges | 65 | €9,790 | €8,909 | -€881 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €277,443 | €177,025 | -€100,418 | -36.2% |
| Income taxes | 67/77 | €75,676 | €62,278 | -€13,399 | -17.7% |
| Profit (loss) for the period | 9904 | €201,767 | €114,747 | -€87,020 | -43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €201,767 | €114,747 | -€87,020 | -43.1% |
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 5 October 2026 via checked.be.