IMMOCONDO: 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.
IMMOCONDO
Largest movements
- Tangible fixed assets -€18,605
down €18,605 (-5.6%), from €330,789 to €312,184
of which Land and buildings: -€15,787
- Debts after one year -€12,847
no longer reported in 2025 (was €12,847)
- Other debts +€9,837
up €9,837 (+9.8%), from €100,525 to €110,362
- Reserves -€7,870
down €7,870 (-6.8%), from €116,103 to €108,232
of which Tax-exempt reserves: -€7,870
- Profit (loss) carried forward -€4,897
down €4,897 (-105%), from -€4,672 to -€9,570
- Provisions -€4,054
down €4,054 (-6.9%), from €58,757 to €54,703
- Gross operating margin +€3,554
up €3,554 (+164%), from €2,174 to €5,728
- Other operating charges +€370
up €370 (+13.8%), from €2,683 to €3,054
- Financial charges -€164
down €164 (-15.5%), from €1,056 to €892
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.
Derived cash bridge
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 | €335,245 | €316,032 | -€19,213 | -5.7% |
| Fixed assets | 21/28 | €330,789 | €312,184 | -€18,605 | -5.6% |
| Tangible fixed assets | 22/27 | €330,789 | €312,184 | -€18,605 | -5.6% |
| Land and buildings | 22 | €322,262 | €306,475 | -€15,787 | -4.9% |
| Plant, machinery and equipment | 23 | €8,355 | €5,623 | -€2,731 | -32.7% |
| Furniture and vehicles | 24 | €172 | €86 | -€86 | -50.0% |
| Current assets | 29/58 | €4,456 | €3,847 | -€608 | -13.7% |
| Amounts receivable within one year | 40/41 | €3,266 | €3,507 | +€241 | +7.4% |
| Trade receivables | 40 | €358 | €599 | +€241 | +67.1% |
| Other amounts receivable | 41 | €2,908 | €2,908 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €853 | - | -€853 | |
| Deferred charges and accrued income | 490/1 | €337 | €341 | +€4 | +1.1% |
| Total equity and liabilities | 10/49 | €335,245 | €316,032 | -€19,213 | -5.7% |
| Equity | 10/15 | €148,622 | €135,855 | -€12,768 | -8.6% |
| Contributions | 10/11 | €37,192 | €37,192 | = | 0.0% |
| Reserves | 13 | €116,103 | €108,232 | -€7,870 | -6.8% |
| Non-distributable reserves | 130/1 | €2,045 | €2,045 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,045 | €2,045 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,057 | €106,187 | -€7,870 | -6.9% |
| Profit (loss) carried forward | 14 | -€4,672 | -€9,570 | -€4,897 | -105% |
| Provisions and deferred taxes | 16 | €58,757 | €54,703 | -€4,054 | -6.9% |
| Deferred taxes | 168 | €58,757 | €54,703 | -€4,054 | -6.9% |
| Amounts payable | 17/49 | €127,866 | €125,475 | -€2,391 | -1.9% |
| Amounts payable after more than one year | 17 | €12,847 | - | -€12,847 | |
| Financial debts | 170/4 | €12,847 | - | -€12,847 | |
| Amounts payable within one year | 42/48 | €115,019 | €125,475 | +€10,456 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €13,791 | €12,847 | -€944 | -6.8% |
| Financial debts | 43 | - | €2,249 | +€2,249 | |
| Credit institutions | 430/8 | - | €2,249 | +€2,249 | |
| Trade debts | 44 | €640 | - | -€640 | |
| Suppliers | 440/4 | €640 | - | -€640 | |
| Taxes, remuneration and social security | 45 | €62 | €16 | -€46 | -74.4% |
| Taxes | 450/3 | €62 | €16 | -€46 | -74.4% |
| Other amounts payable | 47/48 | €100,525 | €110,362 | +€9,837 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,605 | €18,605 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,683 | €3,054 | +€370 | +13.8% |
| Gross operating margin | 9900 | €2,174 | €5,728 | +€3,554 | +164% |
| Operating profit (loss) | 9901 | -€19,115 | -€15,930 | +€3,184 | +16.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,056 | €892 | -€164 | -15.5% |
| Recurring financial charges | 65 | €1,056 | €892 | -€164 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,170 | -€16,822 | +€3,348 | +16.6% |
| Transfer from deferred taxes | 780 | €4,054 | €4,054 | -€0 | 0.0% |
| Income taxes | 67/77 | €17 | - | -€17 | |
| Profit (loss) for the period | 9904 | -€16,133 | -€12,768 | +€3,365 | +20.9% |
| Transfer from tax-exempt reserves | 789 | €7,870 | €7,870 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,263 | -€4,897 | +€3,365 | +40.7% |
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 22 October 2026 via checked.be.