IMMOCOM: 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.
IMMOCOM
Largest movements
- Cash +€160,546
up €160,546 (+1559.3%), from €10,296 to €170,842
mainly Other debts (+€227,553) and Depreciation (+€58,727)
- Tangible fixed assets -€15,601
down €15,601 (-3.2%), from €487,151 to €471,550
of which Land and buildings: -€15,470
- Receivables within one year -€8,291
down €8,291 (-9.7%), from €85,397 to €77,106
of which Other amounts receivable: -€7,789
- Other debts +€227,553
up €227,553 (+382.8%), from €59,441 to €286,994
- Debts after one year -€72,048
down €72,048 (-17.5%), from €411,176 to €339,128
of which Financial debts: -€63,811
- Current portion of long-term debt -€48,265
down €48,265 (-42.6%), from €113,279 to €65,014
- Profit (loss) carried forward +€12,050
up €12,050 (+9.1%), from -€132,278 to -€120,228
- Trade debts +€11,571
up €11,571 (+108.3%), from €10,681 to €22,252
- Gross operating margin +€26,393
up €26,393 (+19.1%), from €138,189 to €164,583
- Depreciation -€25,078
down €25,078 (-29.9%), from €83,805 to €58,727
- Other operating charges +€10,771
up €10,771 (+55.2%), from €19,515 to €30,286
- Staff costs +€3,399
up €3,399 (+7.3%), from €46,557 to €49,956
- Financial income -€3,132
down €3,132 (-80.1%), from €3,912 to €780
of which Non-recurring financial income: -€3,000
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 | €592,611 | €727,852 | +€135,241 | +22.8% |
| Fixed assets | 21/28 | €489,615 | €471,550 | -€18,065 | -3.7% |
| Tangible fixed assets | 22/27 | €487,151 | €471,550 | -€15,601 | -3.2% |
| Land and buildings | 22 | €486,966 | €471,496 | -€15,470 | -3.2% |
| Plant, machinery and equipment | 23 | €185 | €54 | -€132 | -71.1% |
| Financial fixed assets | 28 | €2,464 | - | -€2,464 | |
| Current assets | 29/58 | €102,996 | €256,302 | +€153,306 | +148.8% |
| Amounts receivable within one year | 40/41 | €85,397 | €77,106 | -€8,291 | -9.7% |
| Trade receivables | 40 | €502 | - | -€502 | |
| Other amounts receivable | 41 | €84,894 | €77,106 | -€7,789 | -9.2% |
| Cash at bank and in hand | 54/58 | €10,296 | €170,842 | +€160,546 | +1559.3% |
| Deferred charges and accrued income | 490/1 | €7,304 | €8,355 | +€1,051 | +14.4% |
| Total equity and liabilities | 10/49 | €592,611 | €727,852 | +€135,241 | +22.8% |
| Equity | 10/15 | -€7,175 | €4,839 | +€12,014 | |
| Contributions | 10/11 | €117,000 | €117,000 | = | 0.0% |
| Capital | 10 | €117,000 | €117,000 | = | 0.0% |
| Issued capital | 100 | €117,000 | €117,000 | = | 0.0% |
| Reserves | 13 | €8,103 | €8,067 | -€36 | -0.4% |
| Tax-exempt reserves | 132 | €36 | - | -€36 | |
| Distributable reserves | 133 | €8,067 | €8,067 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,278 | -€120,228 | +€12,050 | +9.1% |
| Provisions and deferred taxes | 16 | €12 | - | -€12 | |
| Deferred taxes | 168 | €12 | - | -€12 | |
| Amounts payable | 17/49 | €599,774 | €723,013 | +€123,239 | +20.5% |
| Amounts payable after more than one year | 17 | €411,176 | €339,128 | -€72,048 | -17.5% |
| Financial debts | 170/4 | €366,813 | €303,002 | -€63,811 | -17.4% |
| Other amounts payable | 178/9 | €44,363 | €36,126 | -€8,237 | -18.6% |
| Amounts payable within one year | 42/48 | €188,599 | €379,683 | +€191,084 | +101.3% |
| Current portion of amounts payable after more than one year | 42 | €113,279 | €65,014 | -€48,265 | -42.6% |
| Trade debts | 44 | €10,681 | €22,252 | +€11,571 | +108.3% |
| Suppliers | 440/4 | €10,681 | €22,252 | +€11,571 | +108.3% |
| Taxes, remuneration and social security | 45 | €5,197 | €5,422 | +€225 | +4.3% |
| Taxes | 450/3 | €29 | - | -€29 | |
| Remuneration and social security | 454/9 | €5,168 | €5,422 | +€255 | +4.9% |
| Other amounts payable | 47/48 | €59,441 | €286,994 | +€227,553 | +382.8% |
| Accrued charges and deferred income | 492/3 | - | €4,203 | +€4,203 | |
| Non-recurring operating income | 76A | - | €1,921 | +€1,921 | |
| Remuneration, social security and pensions | 62 | €46,557 | €49,956 | +€3,399 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,805 | €58,727 | -€25,078 | -29.9% |
| Other operating charges | 640/8 | €19,515 | €30,286 | +€10,771 | +55.2% |
| Gross operating margin | 9900 | €138,189 | €164,583 | +€26,393 | +19.1% |
| Operating profit (loss) | 9901 | -€11,687 | €25,614 | +€37,302 | |
| Financial income | 75/76B | €3,912 | €780 | -€3,132 | -80.1% |
| Recurring financial income | 75 | €912 | €780 | -€132 | -14.5% |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €15,754 | €14,392 | -€1,362 | -8.6% |
| Recurring financial charges | 65 | €15,754 | €14,392 | -€1,362 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,529 | €12,002 | +€35,531 | |
| Transfer from deferred taxes | 780 | €6,067 | €12 | -€6,055 | -99.8% |
| Income taxes | 67/77 | €29 | - | -€29 | |
| Profit (loss) for the period | 9904 | -€17,492 | €12,014 | +€29,506 | |
| Transfer from tax-exempt reserves | 789 | €18,200 | €36 | -€18,164 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €708 | €12,050 | +€11,341 | +1601.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.