IMMOCO: 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.
IMMOCO
Largest movements
- Tangible fixed assets +€53,101
up €53,101 (+33.3%), from €159,582 to €212,683
of which Assets under construction and advance payments: +€53,471
- Cash +€31,061
up €31,061 (+21.8%), from €142,524 to €173,585
mainly Trade debts (+€55,266) and Net result for the year (+€12,022)
- Receivables within one year -€6,587
down €6,587 (-21.7%), from €30,295 to €23,708
of which Trade receivables: -€6,588
- Trade debts +€55,266
up €55,266 (+267.8%), from €20,639 to €75,905
- Reserves +€12,022
up €12,022 (+10.1%), from €118,481 to €130,504
of which Distributable reserves: +€12,022
- Other debts +€6,592
up €6,592 (+9.7%), from €68,010 to €74,602
- Gross operating margin -€7,497
down €7,497 (-21.3%), from €35,226 to €27,729
- Financial charges -€5,421
down €5,421 (-29.8%), from €18,190 to €12,769
of which Financial charges: -€4,264
- Taxes +€2,403
new in 2024: €2,403
- Other operating charges -€2,302
down €2,302 (-93.3%), from €2,467 to €165
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €332,400 | €409,975 | +€77,575 | +23.3% |
| Fixed assets | 21/28 | €159,582 | €212,683 | +€53,101 | +33.3% |
| Tangible fixed assets | 22/27 | €159,582 | €212,683 | +€53,101 | +33.3% |
| Land and buildings | 22 | €6,252 | €5,882 | -€370 | -5.9% |
| Assets under construction and advance payments | 27 | €153,329 | €206,801 | +€53,471 | +34.9% |
| Current assets | 29/58 | €172,819 | €197,292 | +€24,474 | +14.2% |
| Amounts receivable within one year | 40/41 | €30,295 | €23,708 | -€6,587 | -21.7% |
| Trade receivables | 40 | €30,295 | €23,706 | -€6,588 | -21.7% |
| Other amounts receivable | 41 | - | €1 | +€1 | |
| Cash at bank and in hand | 54/58 | €142,524 | €173,585 | +€31,061 | +21.8% |
| Total equity and liabilities | 10/49 | €332,400 | €409,975 | +€77,575 | +23.3% |
| Equity | 10/15 | €195,403 | €207,425 | +€12,022 | +6.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €118,481 | €130,504 | +€12,022 | +10.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,331 | €112,331 | = | 0.0% |
| Distributable reserves | 133 | - | €12,022 | +€12,022 | |
| Profit (loss) carried forward | 14 | €15,422 | €15,422 | = | 0.0% |
| Provisions and deferred taxes | 16 | €37,444 | €37,444 | = | 0.0% |
| Deferred taxes | 168 | €37,444 | €37,444 | = | 0.0% |
| Amounts payable | 17/49 | €99,553 | €165,106 | +€65,552 | +65.8% |
| Amounts payable within one year | 42/48 | €97,978 | €163,531 | +€65,552 | +66.9% |
| Trade debts | 44 | €20,639 | €75,905 | +€55,266 | +267.8% |
| Suppliers | 440/4 | €20,639 | €75,905 | +€55,266 | +267.8% |
| Taxes, remuneration and social security | 45 | €9,330 | €13,023 | +€3,694 | +39.6% |
| Taxes | 450/3 | €9,330 | €13,023 | +€3,694 | +39.6% |
| Other amounts payable | 47/48 | €68,010 | €74,602 | +€6,592 | +9.7% |
| Accrued charges and deferred income | 492/3 | €1,575 | €1,575 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370 | €370 | = | 0.0% |
| Other operating charges | 640/8 | €2,467 | €165 | -€2,302 | -93.3% |
| Gross operating margin | 9900 | €35,226 | €27,729 | -€7,497 | -21.3% |
| Operating profit (loss) | 9901 | €32,389 | €27,194 | -€5,195 | -16.0% |
| Financial charges | 65/66B | €18,190 | €12,769 | -€5,421 | -29.8% |
| Recurring financial charges | 65 | €17,033 | €12,769 | -€4,264 | -25.0% |
| Non-recurring financial charges | 66B | €1,157 | - | -€1,157 | |
| Profit (loss) for the period before taxes | 9903 | €14,199 | €14,425 | +€226 | +1.6% |
| Income taxes | 67/77 | - | €2,403 | +€2,403 | |
| Profit (loss) for the period | 9904 | €14,199 | €12,022 | -€2,176 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,199 | €12,022 | -€2,176 | -15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.