IMMOCOM: 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.
IMMOCOM
Largest movements
- Tangible fixed assets -€12,713
down €12,713 (-3.7%), from €345,890 to €333,177
- Receivables within one year -€6,655
no longer reported in 2025 (was €6,655)
- Tax, wage and social debts -€13,974
down €13,974 (-73.2%), from €19,085 to €5,112
- Current portion of long-term debt -€8,509
down €8,509 (-74.5%), from €11,415 to €2,906
- Other debts +€4,443
up €4,443 (+2.2%), from €205,614 to €210,057
- Gross operating margin -€1,908
down €1,908 (-6.1%), from €31,470 to €29,562
- Taxes -€463
down €463 (-41.3%), from €1,123 to €659
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 | €402,170 | €384,020 | -€18,149 | -4.5% |
| Fixed assets | 21/28 | €395,468 | €382,756 | -€12,713 | -3.2% |
| Tangible fixed assets | 22/27 | €345,890 | €333,177 | -€12,713 | -3.7% |
| Land and buildings | 22 | €345,890 | €333,177 | -€12,713 | -3.7% |
| Financial fixed assets | 28 | €49,579 | €49,579 | = | 0.0% |
| Current assets | 29/58 | €6,701 | €1,265 | -€5,437 | -81.1% |
| Amounts receivable within one year | 40/41 | €6,655 | - | -€6,655 | |
| Trade receivables | 40 | €6,655 | - | -€6,655 | |
| Cash at bank and in hand | 54/58 | €46 | €1,265 | +€1,218 | +2637.3% |
| Total equity and liabilities | 10/49 | €402,170 | €384,020 | -€18,149 | -4.5% |
| Equity | 10/15 | €137,351 | €139,449 | +€2,099 | +1.5% |
| Contributions | 10/11 | €92,960 | €92,960 | = | 0.0% |
| Capital | 10 | €92,960 | €92,960 | = | 0.0% |
| Issued capital | 100 | €92,960 | €92,960 | = | 0.0% |
| Reserves | 13 | €29,284 | €29,296 | +€12 | 0.0% |
| Non-distributable reserves | 130/1 | €9,284 | €9,296 | +€12 | +0.1% |
| Legal reserve | 130 | €9,284 | €9,296 | +€12 | +0.1% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,107 | €17,193 | +€2,087 | +13.8% |
| Amounts payable | 17/49 | €264,819 | €244,571 | -€20,248 | -7.6% |
| Amounts payable after more than one year | 17 | €4,919 | €2,013 | -€2,906 | -59.1% |
| Financial debts | 170/4 | €4,919 | €2,013 | -€2,906 | -59.1% |
| Amounts payable within one year | 42/48 | €252,299 | €233,903 | -€18,396 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €11,415 | €2,906 | -€8,509 | -74.5% |
| Trade debts | 44 | €16,185 | €15,828 | -€356 | -2.2% |
| Suppliers | 440/4 | €16,185 | €15,828 | -€356 | -2.2% |
| Taxes, remuneration and social security | 45 | €19,085 | €5,112 | -€13,974 | -73.2% |
| Taxes | 450/3 | €19,085 | €5,112 | -€13,974 | -73.2% |
| Other amounts payable | 47/48 | €205,614 | €210,057 | +€4,443 | +2.2% |
| Accrued charges and deferred income | 492/3 | €7,600 | €8,655 | +€1,055 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,815 | €12,713 | -€102 | -0.8% |
| Other operating charges | 640/8 | €3,829 | €4,112 | +€283 | +7.4% |
| Gross operating margin | 9900 | €31,470 | €29,562 | -€1,908 | -6.1% |
| Operating profit (loss) | 9901 | €14,826 | €12,737 | -€2,089 | -14.1% |
| Financial charges | 65/66B | €9,690 | €9,980 | +€290 | +3.0% |
| Recurring financial charges | 65 | €9,690 | €9,980 | +€290 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €5,136 | €2,758 | -€2,379 | -46.3% |
| Income taxes | 67/77 | €1,123 | €659 | -€463 | -41.3% |
| Profit (loss) for the period | 9904 | €4,014 | €2,099 | -€1,915 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,014 | €2,099 | -€1,915 | -47.7% |
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 11 October 2026 via checked.be.