ImmoCon: 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.
ImmoCon
Largest movements
- Tangible fixed assets +€41,482
up €41,482 (+86.6%), from €47,903 to €89,386
of which Furniture and vehicles: +€45,106
- Receivables within one year +€9,831
up €9,831 (+23.3%), from €42,258 to €52,088
of which Other amounts receivable: +€9,356
- Intangible fixed assets -€9,535
down €9,535 (-34.3%), from €27,826 to €18,290
- Debts after one year +€22,927
up €22,927 (+257.8%), from €8,894 to €31,821
- Reserves +€8,047
up €8,047 (+6.0%), from €133,610 to €141,656
of which Distributable reserves: +€8,047
- Current portion of long-term debt +€7,968
up €7,968 (+75.5%), from €10,556 to €18,524
- Depreciation +€11,647
up €11,647 (+39.7%), from €29,372 to €41,019
- Gross operating margin +€4,980
up €4,980 (+6.4%), from €77,831 to €82,811
- Taxes -€1,543
down €1,543 (-13.7%), from €11,300 to €9,756
- Financial charges +€1,368
up €1,368 (+248.5%), from €550 to €1,918
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 | €180,839 | €221,036 | +€40,197 | +22.2% |
| Fixed assets | 21/28 | €75,729 | €107,676 | +€31,947 | +42.2% |
| Intangible fixed assets | 21 | €27,826 | €18,290 | -€9,535 | -34.3% |
| Tangible fixed assets | 22/27 | €47,903 | €89,386 | +€41,482 | +86.6% |
| Land and buildings | 22 | €7,525 | €5,997 | -€1,528 | -20.3% |
| Plant, machinery and equipment | 23 | €10,723 | €8,627 | -€2,096 | -19.5% |
| Furniture and vehicles | 24 | €29,655 | €74,761 | +€45,106 | +152.1% |
| Current assets | 29/58 | €105,110 | €113,360 | +€8,250 | +7.8% |
| Amounts receivable within one year | 40/41 | €42,258 | €52,088 | +€9,831 | +23.3% |
| Trade receivables | 40 | €15,021 | €15,496 | +€475 | +3.2% |
| Other amounts receivable | 41 | €27,237 | €36,593 | +€9,356 | +34.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €61,022 | €59,785 | -€1,238 | -2.0% |
| Deferred charges and accrued income | 490/1 | €1,830 | €1,487 | -€343 | -18.8% |
| Total equity and liabilities | 10/49 | €180,839 | €221,036 | +€40,197 | +22.2% |
| Equity | 10/15 | €145,605 | €154,056 | +€8,452 | +5.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,610 | €141,656 | +€8,047 | +6.0% |
| Tax-exempt reserves | 132 | €158 | €158 | = | 0.0% |
| Distributable reserves | 133 | €133,452 | €141,499 | +€8,047 | +6.0% |
| Profit (loss) carried forward | 14 | -€405 | €0 | +€405 | |
| Amounts payable | 17/49 | €35,234 | €66,979 | +€31,745 | +90.1% |
| Amounts payable after more than one year | 17 | €8,894 | €31,821 | +€22,927 | +257.8% |
| Financial debts | 170/4 | €8,894 | €31,821 | +€22,927 | +257.8% |
| Amounts payable within one year | 42/48 | €25,337 | €34,460 | +€9,123 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €10,556 | €18,524 | +€7,968 | +75.5% |
| Trade debts | 44 | €1,030 | €1,440 | +€410 | +39.8% |
| Suppliers | 440/4 | €1,030 | €1,440 | +€410 | +39.8% |
| Taxes, remuneration and social security | 45 | €13,751 | €14,497 | +€745 | +5.4% |
| Taxes | 450/3 | €11,001 | €11,747 | +€745 | +6.8% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,003 | €699 | -€305 | -30.4% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,372 | €41,019 | +€11,647 | +39.7% |
| Other operating charges | 640/8 | €1,583 | €1,201 | -€381 | -24.1% |
| Gross operating margin | 9900 | €77,831 | €82,811 | +€4,980 | +6.4% |
| Operating profit (loss) | 9901 | €46,876 | €40,590 | -€6,286 | -13.4% |
| Financial income | 75/76B | €694 | €107 | -€587 | -84.6% |
| Recurring financial income | 75 | €694 | €107 | -€587 | -84.6% |
| Financial charges | 65/66B | €550 | €1,918 | +€1,368 | +248.5% |
| Recurring financial charges | 65 | €550 | €1,918 | +€1,368 | +248.5% |
| Profit (loss) for the period before taxes | 9903 | €47,019 | €38,779 | -€8,240 | -17.5% |
| Income taxes | 67/77 | €11,300 | €9,756 | -€1,543 | -13.7% |
| Profit (loss) for the period | 9904 | €35,720 | €29,023 | -€6,697 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,720 | €29,023 | -€6,697 | -18.7% |
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 10 October 2026 via checked.be.