IMMOCOVA: 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.
IMMOCOVA
Largest movements
- Deferred charges and accrued income -€1,095
no longer reported in 2025 (was €1,095)
- Tangible fixed assets -€825
down €825 (-1.6%), from €51,416 to €50,591
of which Plant, machinery and equipment: -€825
- Cash +€598
up €598 (+8.6%), from €6,925 to €7,523
mainly Deferred charges and accrued income (+€1,095) and Depreciation (+€825)
- Profit (loss) carried forward -€1,322
down €1,322 (-14.3%), from -€9,230 to -€10,552
- Gross operating margin -€1,869
down €1,869 (-43.6%), from €4,291 to €2,422
- Depreciation -€155
down €155 (-15.8%), from €980 to €825
- Other operating charges +€87
up €87 (+3.1%), from €2,799 to €2,886
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 | €59,436 | €58,114 | -€1,322 | -2.2% |
| Fixed assets | 21/28 | €51,416 | €50,591 | -€825 | -1.6% |
| Tangible fixed assets | 22/27 | €51,416 | €50,591 | -€825 | -1.6% |
| Land and buildings | 22 | €46,423 | €46,423 | = | 0.0% |
| Plant, machinery and equipment | 23 | €4,993 | €4,168 | -€825 | -16.5% |
| Current assets | 29/58 | €8,020 | €7,523 | -€497 | -6.2% |
| Cash at bank and in hand | 54/58 | €6,925 | €7,523 | +€598 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,095 | - | -€1,095 | |
| Total equity and liabilities | 10/49 | €59,436 | €58,114 | -€1,322 | -2.2% |
| Equity | 10/15 | €59,436 | €58,114 | -€1,322 | -2.2% |
| 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 | €6,693 | €6,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,120 | €6,120 | = | 0.0% |
| Legal reserve | 130 | €6,120 | €6,120 | = | 0.0% |
| Distributable reserves | 133 | €573 | €573 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,230 | -€10,552 | -€1,322 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €980 | €825 | -€155 | -15.8% |
| Other operating charges | 640/8 | €2,799 | €2,886 | +€87 | +3.1% |
| Gross operating margin | 9900 | €4,291 | €2,422 | -€1,869 | -43.6% |
| Operating profit (loss) | 9901 | €513 | -€1,289 | -€1,802 | |
| Financial charges | 65/66B | - | €33 | +€33 | |
| Recurring financial charges | 65 | - | €33 | +€33 | |
| Profit (loss) for the period before taxes | 9903 | €513 | -€1,322 | -€1,834 | |
| Profit (loss) for the period | 9904 | €513 | -€1,322 | -€1,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €513 | -€1,322 | -€1,834 |
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 12 October 2026 via checked.be.