IMMOCOB: 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.
IMMOCOB
Largest movements
- Current investments +€182,649
up €182,649 (+674.0%), from €27,098 to €209,747
- Tangible fixed assets -€132,838
down €132,838 (-58.8%), from €225,940 to €93,102
of which Other tangible fixed assets: -€99,602
- Cash -€64,774
down €64,774 (-8.6%), from €757,413 to €692,639
mainly Contributions, distributions and other (-€207,769) and Current investments (-€182,649)
- Receivables within one year +€14,092
up €14,092 (+65.0%), from €21,687 to €35,779
- Other debts +€37,731
up €37,731 (+156.7%), from €24,072 to €61,803
- Reserves -€27,072
down €27,072 (-3.0%), from €899,902 to €872,830
of which Distributable reserves: -€27,072
- Debts after one year -€12,850
down €12,850 (-27.9%), from €46,046 to €33,197
- Gross operating margin +€26,852
up €26,852 (+7.3%), from €369,261 to €396,113
- Staff costs +€21,907
up €21,907 (+30.3%), from €72,289 to €94,196
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 | €1,038,059 | €1,037,991 | -€68 | 0.0% |
| Fixed assets | 21/28 | €225,940 | €93,102 | -€132,838 | -58.8% |
| Tangible fixed assets | 22/27 | €225,940 | €93,102 | -€132,838 | -58.8% |
| Land and buildings | 22 | €81,474 | €65,964 | -€15,510 | -19.0% |
| Plant, machinery and equipment | 23 | €8,714 | €6,558 | -€2,155 | -24.7% |
| Furniture and vehicles | 24 | €36,151 | €20,580 | -€15,571 | -43.1% |
| Other tangible fixed assets | 26 | €99,602 | - | -€99,602 | |
| Current assets | 29/58 | €812,119 | €944,888 | +€132,770 | +16.3% |
| Amounts receivable within one year | 40/41 | €21,687 | €35,779 | +€14,092 | +65.0% |
| Trade receivables | 40 | €21,687 | €35,779 | +€14,092 | +65.0% |
| Current investments | 50/53 | €27,098 | €209,747 | +€182,649 | +674.0% |
| Cash at bank and in hand | 54/58 | €757,413 | €692,639 | -€64,774 | -8.6% |
| Deferred charges and accrued income | 490/1 | €5,920 | €6,723 | +€803 | +13.6% |
| Total equity and liabilities | 10/49 | €1,038,059 | €1,037,991 | -€68 | 0.0% |
| Equity | 10/15 | €914,782 | €887,710 | -€27,072 | -3.0% |
| Contributions | 10/11 | €14,880 | €14,880 | = | 0.0% |
| Reserves | 13 | €899,902 | €872,830 | -€27,072 | -3.0% |
| Tax-exempt reserves | 132 | €51 | €51 | = | 0.0% |
| Distributable reserves | 133 | €899,851 | €872,779 | -€27,072 | -3.0% |
| Amounts payable | 17/49 | €123,277 | €150,280 | +€27,003 | +21.9% |
| Amounts payable after more than one year | 17 | €46,046 | €33,197 | -€12,850 | -27.9% |
| Financial debts | 170/4 | €46,046 | €33,197 | -€12,850 | -27.9% |
| Amounts payable within one year | 42/48 | €77,023 | €117,048 | +€40,024 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €12,850 | €12,850 | = | 0.0% |
| Trade debts | 44 | €13,301 | €17,309 | +€4,008 | +30.1% |
| Suppliers | 440/4 | €13,301 | €17,309 | +€4,008 | +30.1% |
| Taxes, remuneration and social security | 45 | €26,800 | €25,085 | -€1,715 | -6.4% |
| Taxes | 450/3 | €18,648 | €14,565 | -€4,083 | -21.9% |
| Remuneration and social security | 454/9 | €8,152 | €10,520 | +€2,368 | +29.0% |
| Other amounts payable | 47/48 | €24,072 | €61,803 | +€37,731 | +156.7% |
| Accrued charges and deferred income | 492/3 | €207 | €36 | -€171 | -82.4% |
| Remuneration, social security and pensions | 62 | €72,289 | €94,196 | +€21,907 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,878 | €36,286 | +€1,408 | +4.0% |
| Other operating charges | 640/8 | €3,324 | €3,342 | +€19 | +0.6% |
| Gross operating margin | 9900 | €369,261 | €396,113 | +€26,852 | +7.3% |
| Operating profit (loss) | 9901 | €258,770 | €262,289 | +€3,518 | +1.4% |
| Financial income | 75/76B | €1,414 | €1,692 | +€278 | +19.6% |
| Recurring financial income | 75 | €1,414 | €1,692 | +€278 | +19.6% |
| Financial charges | 65/66B | €5,408 | €5,406 | -€2 | 0.0% |
| Recurring financial charges | 65 | €5,408 | €5,406 | -€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €254,776 | €258,575 | +€3,798 | +1.5% |
| Income taxes | 67/77 | €77,417 | €77,877 | +€460 | +0.6% |
| Profit (loss) for the period | 9904 | €177,360 | €180,698 | +€3,338 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €177,360 | €180,698 | +€3,338 | +1.9% |
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 10 October 2026 via checked.be.