IMMOCO: 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.
IMMOCO
Largest movements
- Tangible fixed assets -€8,811
down €8,811 (-1.2%), from €706,333 to €697,522
of which Land and buildings: -€18,887
- Other debts +€37,796
up €37,796 (+180%), from €21,021 to €58,816
- Debts after one year -€17,748
down €17,748 (-7.4%), from €238,326 to €220,578
- Reserves -€17,378
down €17,378 (-9.2%), from €188,560 to €171,182
- Current portion of long-term debt -€9,854
down €9,854 (-27.5%), from €35,826 to €25,972
- Gross operating margin +€8,020
up €8,020 (+92.8%), from €8,646 to €16,666
- Other operating charges -€1,714
down €1,714 (-18.4%), from €9,321 to €7,607
- Financial charges +€464
up €464 (+7.0%), from €6,665 to €7,129
- Depreciation +€422
up €422 (+2.2%), from €18,887 to €19,309
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €724,501 | €720,893 | -€3,608 | -0.5% |
| Fixed assets | 21/28 | €706,333 | €697,522 | -€8,811 | -1.2% |
| Tangible fixed assets | 22/27 | €706,333 | €697,522 | -€8,811 | -1.2% |
| Land and buildings | 22 | €706,333 | €687,446 | -€18,887 | -2.7% |
| Furniture and vehicles | 24 | - | €10,076 | +€10,076 | |
| Current assets | 29/58 | €18,168 | €23,370 | +€5,202 | +28.6% |
| Amounts receivable within one year | 40/41 | €4,383 | €3,472 | -€911 | -20.8% |
| Trade receivables | 40 | €4,300 | €458 | -€3,842 | -89.3% |
| Other amounts receivable | 41 | €83 | €3,014 | +€2,931 | +3,544% |
| Cash at bank and in hand | 54/58 | €12,744 | €18,909 | +€6,166 | +48.4% |
| Deferred charges and accrued income | 490/1 | €1,041 | €989 | -€52 | -5.0% |
| Total equity and liabilities | 10/49 | €724,501 | €720,893 | -€3,608 | -0.5% |
| Equity | 10/15 | €415,671 | €398,293 | -€17,378 | -4.2% |
| Contributions | 10/11 | €227,112 | €227,112 | = | 0.0% |
| Contributions outside capital | 11 | €227,112 | €227,112 | = | 0.0% |
| Other | 1109/19 | €227,112 | €227,112 | = | 0.0% |
| Reserves | 13 | €188,560 | €171,182 | -€17,378 | -9.2% |
| Distributable reserves | 133 | €188,560 | €171,182 | -€17,378 | -9.2% |
| Amounts payable | 17/49 | €308,829 | €322,599 | +€13,770 | +4.5% |
| Amounts payable after more than one year | 17 | €238,326 | €220,578 | -€17,748 | -7.4% |
| Financial debts | 170/4 | €238,326 | €220,578 | -€17,748 | -7.4% |
| Amounts payable within one year | 42/48 | €60,347 | €90,149 | +€29,802 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €35,826 | €25,972 | -€9,854 | -27.5% |
| Trade debts | 44 | €762 | €1,604 | +€842 | +110% |
| Suppliers | 440/4 | €762 | €1,604 | +€842 | +110% |
| Taxes, remuneration and social security | 45 | €2,738 | €3,756 | +€1,018 | +37.2% |
| Taxes | 450/3 | €2,738 | €3,756 | +€1,018 | +37.2% |
| Other amounts payable | 47/48 | €21,021 | €58,816 | +€37,796 | +180% |
| Accrued charges and deferred income | 492/3 | €10,156 | €11,872 | +€1,716 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,887 | €19,309 | +€422 | +2.2% |
| Other operating charges | 640/8 | €9,321 | €7,607 | -€1,714 | -18.4% |
| Gross operating margin | 9900 | €8,646 | €16,666 | +€8,020 | +92.8% |
| Operating profit (loss) | 9901 | -€19,562 | -€10,249 | +€9,312 | +47.6% |
| Financial charges | 65/66B | €6,665 | €7,129 | +€464 | +7.0% |
| Recurring financial charges | 65 | €6,665 | €7,129 | +€464 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,227 | -€17,378 | +€8,849 | +33.7% |
| Profit (loss) for the period | 9904 | -€26,227 | -€17,378 | +€8,849 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,227 | -€17,378 | +€8,849 | +33.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.