IMMOCOR: 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.
IMMOCOR
Largest movements
- Receivables within one year +€261,666
up €261,666 (+274.9%), from €95,187 to €356,853
- Tangible fixed assets -€119,452
down €119,452 (-100.0%), from €119,452 to €0
- Current investments -€75,000
down €75,000 (-100.0%), from €75,000 to €0
- Cash -€6,049
down €6,049 (-74.8%), from €8,084 to €2,035
mainly Receivables within one year (-€261,666) and Debts after one year (-€43,219)
- Reserves +€125,741
up €125,741 (+78.5%), from €160,159 to €285,900
of which Distributable reserves: +€151,571
- Debts after one year -€43,219
down €43,219 (-100.0%), from €43,219 to €0
- Provisions -€15,209
down €15,209 (-100.0%), from €15,209 to €0
- Current portion of long-term debt -€13,720
down €13,720 (-100.0%), from €13,720 to €0
- Tax, wage and social debts +€9,033
up €9,033 (+467.3%), from €1,933 to €10,966
- Gross operating margin +€158,405
up €158,405 (+972.6%), from €16,287 to €174,692
- Taxes +€69,033
up €69,033 (+3571.2%), from €1,933 to €70,966
- Financial income +€9,253
up €9,253 (+629.1%), from €1,471 to €10,724
- Depreciation -€8,391
down €8,391 (-100.0%), from €8,391 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,154 | €358,888 | +€59,734 | +20.0% |
| Fixed assets | 21/28 | €119,452 | €0 | -€119,452 | -100.0% |
| Tangible fixed assets | 22/27 | €119,452 | €0 | -€119,452 | -100.0% |
| Land and buildings | 22 | €119,452 | €0 | -€119,452 | -100.0% |
| Current assets | 29/58 | €179,702 | €358,888 | +€179,186 | +99.7% |
| Amounts receivable within one year | 40/41 | €95,187 | €356,853 | +€261,666 | +274.9% |
| Other amounts receivable | 41 | €95,187 | €356,853 | +€261,666 | +274.9% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,084 | €2,035 | -€6,049 | -74.8% |
| Deferred charges and accrued income | 490/1 | €1,431 | €0 | -€1,431 | -100.0% |
| Total equity and liabilities | 10/49 | €299,154 | €358,888 | +€59,734 | +20.0% |
| Equity | 10/15 | €222,132 | €347,873 | +€125,741 | +56.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €160,159 | €285,900 | +€125,741 | +78.5% |
| Non-distributable reserves | 130/1 | €6,272 | €6,272 | = | 0.0% |
| Legal reserve | 130 | €6,272 | €6,272 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,830 | €0 | -€25,830 | -100.0% |
| Distributable reserves | 133 | €128,057 | €279,628 | +€151,571 | +118.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €15,209 | €0 | -€15,209 | -100.0% |
| Deferred taxes | 168 | €15,209 | €0 | -€15,209 | -100.0% |
| Amounts payable | 17/49 | €61,813 | €11,015 | -€50,798 | -82.2% |
| Amounts payable after more than one year | 17 | €43,219 | €0 | -€43,219 | -100.0% |
| Financial debts | 170/4 | €43,219 | €0 | -€43,219 | -100.0% |
| Amounts payable within one year | 42/48 | €17,393 | €11,015 | -€6,379 | -36.7% |
| Current portion of amounts payable after more than one year | 42 | €13,720 | €0 | -€13,720 | -100.0% |
| Trade debts | 44 | €1,741 | €49 | -€1,692 | -97.2% |
| Suppliers | 440/4 | €1,741 | €49 | -€1,692 | -97.2% |
| Taxes, remuneration and social security | 45 | €1,933 | €10,966 | +€9,033 | +467.3% |
| Taxes | 450/3 | €1,933 | €10,966 | +€9,033 | +467.3% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100.0% |
| Non-recurring operating income | 76A | - | €191,634 | +€191,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,391 | €0 | -€8,391 | -100.0% |
| Other operating charges | 640/8 | €1,460 | €845 | -€615 | -42.1% |
| Gross operating margin | 9900 | €16,287 | €174,692 | +€158,405 | +972.6% |
| Operating profit (loss) | 9901 | €6,436 | €173,848 | +€167,411 | +2601.0% |
| Financial income | 75/76B | €1,471 | €10,724 | +€9,253 | +629.1% |
| Recurring financial income | 75 | €1,471 | €10,724 | +€9,253 | +629.1% |
| Financial charges | 65/66B | €3,654 | €3,074 | -€580 | -15.9% |
| Recurring financial charges | 65 | €3,654 | €3,074 | -€580 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €4,254 | €181,498 | +€177,244 | +4167.0% |
| Transfer from deferred taxes | 780 | €972 | €15,209 | +€14,237 | +1465.1% |
| Income taxes | 67/77 | €1,933 | €70,966 | +€69,033 | +3571.2% |
| Profit (loss) for the period | 9904 | €3,292 | €125,741 | +€122,449 | +3719.3% |
| Transfer from tax-exempt reserves | 789 | €1,973 | €25,830 | +€23,857 | +1209.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,265 | €151,571 | +€146,306 | +2778.6% |
Source: filed annual accounts (NBB), fiscal years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.