IMMOCOVER: 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.
IMMOCOVER
Largest movements
- Tangible fixed assets +€59,328
up €59,328 (+9.0%), from €661,608 to €720,936
- Debts after one year +€17,677
up €17,677 (+5.3%), from €333,567 to €351,244
of which Other amounts payable: +€69,254
- Reserves +€13,591
up €13,591 (+20.2%), from €67,383 to €80,974
- Revaluation surpluses +€8,535
new in 2025: €8,535
- Depreciation -€18,751
down €18,751 (-43.0%), from €43,656 to €24,905
- Gross operating margin +€13,114
up €13,114 (+29.5%), from €44,502 to €57,615
- Financial charges +€9,585
up €9,585 (+248.5%), from €3,857 to €13,442
- Taxes +€2,574
up €2,574, from €0 to €2,574
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 | €704,776 | €754,743 | +€49,968 | +7.1% |
| Fixed assets | 21/28 | €662,010 | €721,443 | +€59,433 | +9.0% |
| Tangible fixed assets | 22/27 | €661,608 | €720,936 | +€59,328 | +9.0% |
| Land and buildings | 22 | €661,608 | €720,936 | +€59,328 | +9.0% |
| Financial fixed assets | 28 | €401 | €507 | +€105 | +26.2% |
| Current assets | 29/58 | €42,766 | €33,300 | -€9,466 | -22.1% |
| Amounts receivable within one year | 40/41 | €4,565 | €1,926 | -€2,639 | -57.8% |
| Other amounts receivable | 41 | €4,565 | €1,926 | -€2,639 | -57.8% |
| Cash at bank and in hand | 54/58 | €38,201 | €31,374 | -€6,827 | -17.9% |
| Total equity and liabilities | 10/49 | €704,776 | €754,743 | +€49,968 | +7.1% |
| Equity | 10/15 | €317,383 | €339,509 | +€22,126 | +7.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €8,535 | +€8,535 | |
| Reserves | 13 | €67,383 | €80,974 | +€13,591 | +20.2% |
| Distributable reserves | 133 | €67,383 | €80,974 | +€13,591 | +20.2% |
| Amounts payable | 17/49 | €387,393 | €415,235 | +€27,841 | +7.2% |
| Amounts payable after more than one year | 17 | €333,567 | €351,244 | +€17,677 | +5.3% |
| Financial debts | 170/4 | €164,217 | €112,639 | -€51,577 | -31.4% |
| Other amounts payable | 178/9 | €169,350 | €238,604 | +€69,254 | +40.9% |
| Amounts payable within one year | 42/48 | €53,826 | €63,991 | +€10,164 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €51,320 | €51,577 | +€257 | +0.5% |
| Trade debts | 44 | €0 | €81 | +€81 | |
| Suppliers | 440/4 | €0 | €81 | +€81 | |
| Taxes, remuneration and social security | 45 | €752 | €3,700 | +€2,948 | +392.0% |
| Taxes | 450/3 | €752 | €3,700 | +€2,948 | +392.0% |
| Other amounts payable | 47/48 | €1,754 | €8,632 | +€6,878 | +392.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,656 | €24,905 | -€18,751 | -43.0% |
| Other operating charges | 640/8 | €2,962 | €3,103 | +€141 | +4.8% |
| Gross operating margin | 9900 | €44,502 | €57,615 | +€13,114 | +29.5% |
| Operating profit (loss) | 9901 | -€2,116 | €29,607 | +€31,723 | |
| Financial income | 75/76B | €120 | €0 | -€120 | -100.0% |
| Recurring financial income | 75 | €120 | €0 | -€120 | -100.0% |
| Financial charges | 65/66B | €3,857 | €13,442 | +€9,585 | +248.5% |
| Recurring financial charges | 65 | €3,857 | €13,442 | +€9,585 | +248.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,853 | €16,165 | +€22,018 | |
| Income taxes | 67/77 | €0 | €2,574 | +€2,574 | |
| Profit (loss) for the period | 9904 | -€5,853 | €13,591 | +€19,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,853 | €13,591 | +€19,444 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.