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 -€73,531
down €73,531 (-4.2%), from €1.8m to €1.7m
of which Land and buildings: -€70,667
- Revaluation surpluses -€261,825
down €261,825 (-20.2%), from €1.3m to €1.0m
- Profit (loss) carried forward +€169,077
up €169,077, from -€166,601 to €2,476
- Debts after one year -€49,105
down €49,105 (-11.7%), from €421,096 to €371,992
of which Financial debts: -€49,105
- Reserves +€31,325
up €31,325 (+31.3%), from €100,176 to €131,501
of which Distributable reserves: +€31,325
- Gross operating margin -€28,811
down €28,811 (-31.4%), from €91,818 to €63,007
- Other operating charges +€19,299
up €19,299 (+226%), from €8,527 to €27,826
- Taxes -€3,842
down €3,842 (-96.5%), from €3,983 to €141
- Depreciation +€1,704
up €1,704 (+2.1%), from €79,358 to €81,062
- Financial income -€1,229
down €1,229 (-100%), from €1,229 to €0
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.
Derived cash bridge
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 | €1,851,916 | €1,745,455 | -€106,461 | -5.7% |
| Fixed assets | 21/28 | €1,768,197 | €1,694,666 | -€73,531 | -4.2% |
| Tangible fixed assets | 22/27 | €1,768,197 | €1,694,666 | -€73,531 | -4.2% |
| Land and buildings | 22 | €1,700,372 | €1,629,705 | -€70,667 | -4.2% |
| Plant, machinery and equipment | 23 | €64,142 | €63,279 | -€863 | -1.3% |
| Furniture and vehicles | 24 | €3,682 | €1,682 | -€2,000 | -54.3% |
| Current assets | 29/58 | €83,719 | €50,789 | -€32,931 | -39.3% |
| Amounts receivable within one year | 40/41 | €16,625 | €0 | -€16,625 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €16,625 | €0 | -€16,625 | -100% |
| Cash at bank and in hand | 54/58 | €65,239 | €50,235 | -€15,004 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,855 | €553 | -€1,302 | -70.2% |
| Total equity and liabilities | 10/49 | €1,851,916 | €1,745,455 | -€106,461 | -5.7% |
| Equity | 10/15 | €1,334,870 | €1,273,447 | -€61,423 | -4.6% |
| Contributions | 10/11 | €105,000 | €105,000 | = | 0.0% |
| Capital | 10 | €105,000 | €105,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Uncalled capital | 101 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,296,295 | €1,034,470 | -€261,825 | -20.2% |
| Reserves | 13 | €100,176 | €131,501 | +€31,325 | +31.3% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €87,676 | €119,001 | +€31,325 | +35.7% |
| Profit (loss) carried forward | 14 | -€166,601 | €2,476 | +€169,077 | |
| Amounts payable | 17/49 | €517,046 | €472,008 | -€45,038 | -8.7% |
| Amounts payable after more than one year | 17 | €421,096 | €371,992 | -€49,105 | -11.7% |
| Financial debts | 170/4 | €395,088 | €345,983 | -€49,105 | -12.4% |
| Other amounts payable | 178/9 | €26,009 | €26,009 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,289 | €100,016 | +€5,727 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €47,900 | €49,105 | +€1,205 | +2.5% |
| Trade debts | 44 | €0 | €1,230 | +€1,230 | |
| Suppliers | 440/4 | €0 | €1,230 | +€1,230 | |
| Taxes, remuneration and social security | 45 | €3,563 | €280 | -€3,282 | -92.1% |
| Taxes | 450/3 | €3,563 | €280 | -€3,282 | -92.1% |
| Other amounts payable | 47/48 | €42,826 | €49,400 | +€6,574 | +15.4% |
| Accrued charges and deferred income | 492/3 | €1,660 | €0 | -€1,660 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,358 | €81,062 | +€1,704 | +2.1% |
| Other operating charges | 640/8 | €8,527 | €27,826 | +€19,299 | +226% |
| Gross operating margin | 9900 | €91,818 | €63,007 | -€28,811 | -31.4% |
| Operating profit (loss) | 9901 | €3,933 | -€45,881 | -€49,814 | |
| Financial income | 75/76B | €1,229 | €0 | -€1,229 | -100% |
| Recurring financial income | 75 | €1,229 | €0 | -€1,229 | -100% |
| Financial charges | 65/66B | €15,557 | €15,401 | -€155 | -1.0% |
| Recurring financial charges | 65 | €15,557 | €15,401 | -€155 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,395 | -€61,282 | -€50,887 | -490% |
| Income taxes | 67/77 | €3,983 | €141 | -€3,842 | -96.5% |
| Profit (loss) for the period | 9904 | -€14,378 | -€61,423 | -€47,045 | -327% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,378 | -€61,423 | -€47,045 | -327% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.