IMMOCRAFT: 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.
IMMOCRAFT
Largest movements
- Cash +€252,734
up €252,734 (+48.7%), from €519,209 to €771,943
mainly Net result for the year (+€293,569) and Deferred charges and accrued income (+€84,866)
- Deferred charges and accrued income -€84,866
down €84,866 (-12.0%), from €706,325 to €621,460
- Profit (loss) carried forward +€293,569
new in 2026: €293,569
- Tax, wage and social debts -€65,915
down €65,915 (-82.4%), from €79,983 to €14,069
- Debts after one year -€47,162
down €47,162 (-7.8%), from €608,020 to €560,858
of which Financial debts: -€47,162
- Trade debts -€43,430
no longer reported in 2026 (was €43,430)
- Gross operating margin -€163,353
down €163,353 (-24.3%), from €671,706 to €508,353
- Financial charges -€72,579
down €72,579 (-55.2%), from €131,451 to €58,871
- Taxes -€25,226
down €25,226 (-20.9%), from €120,725 to €95,499
- Financial income +€15,975
up €15,975 (+150%), from €10,640 to €26,615
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.
Derived cash bridge
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 | €2,928,019 | €3,065,755 | +€137,736 | +4.7% |
| Fixed assets | 21/28 | €1,049,945 | €1,041,695 | -€8,250 | -0.8% |
| Tangible fixed assets | 22/27 | €1,040,894 | €1,032,644 | -€8,250 | -0.8% |
| Land and buildings | 22 | €789,227 | €780,977 | -€8,250 | -1.0% |
| Other tangible fixed assets | 26 | €251,667 | €251,667 | = | 0.0% |
| Financial fixed assets | 28 | €9,051 | €9,051 | = | 0.0% |
| Current assets | 29/58 | €1,878,074 | €2,024,060 | +€145,986 | +7.8% |
| Amounts receivable within one year | 40/41 | €652,540 | €630,658 | -€21,882 | -3.4% |
| Trade receivables | 40 | €500 | €1,892 | +€1,392 | +278% |
| Other amounts receivable | 41 | €652,040 | €628,767 | -€23,274 | -3.6% |
| Cash at bank and in hand | 54/58 | €519,209 | €771,943 | +€252,734 | +48.7% |
| Deferred charges and accrued income | 490/1 | €706,325 | €621,460 | -€84,866 | -12.0% |
| Total equity and liabilities | 10/49 | €2,928,019 | €3,065,755 | +€137,736 | +4.7% |
| Equity | 10/15 | €2,150,098 | €2,443,667 | +€293,569 | +13.7% |
| Contributions | 10/11 | €108,600 | €108,600 | = | 0.0% |
| Reserves | 13 | €2,041,498 | €2,041,498 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,347 | €3,347 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,347 | €3,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €926,200 | €778,850 | -€147,350 | -15.9% |
| Distributable reserves | 133 | €1,111,950 | €1,259,300 | +€147,350 | +13.3% |
| Profit (loss) carried forward | 14 | - | €293,569 | +€293,569 | |
| Amounts payable | 17/49 | €777,922 | €622,089 | -€155,833 | -20.0% |
| Amounts payable after more than one year | 17 | €608,020 | €560,858 | -€47,162 | -7.8% |
| Financial debts | 170/4 | €558,020 | €510,858 | -€47,162 | -8.5% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,902 | €61,231 | -€108,671 | -64.0% |
| Current portion of amounts payable after more than one year | 42 | €46,488 | €47,162 | +€674 | +1.4% |
| Trade debts | 44 | €43,430 | - | -€43,430 | |
| Suppliers | 440/4 | €43,430 | - | -€43,430 | |
| Taxes, remuneration and social security | 45 | €79,983 | €14,069 | -€65,915 | -82.4% |
| Taxes | 450/3 | €79,983 | €14,069 | -€65,915 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,250 | €8,250 | = | 0.0% |
| Other operating charges | 640/8 | €76,436 | €78,778 | +€2,342 | +3.1% |
| Gross operating margin | 9900 | €671,706 | €508,353 | -€163,353 | -24.3% |
| Operating profit (loss) | 9901 | €587,020 | €421,324 | -€165,696 | -28.2% |
| Financial income | 75/76B | €10,640 | €26,615 | +€15,975 | +150% |
| Recurring financial income | 75 | €10,640 | €26,615 | +€15,975 | +150% |
| Financial charges | 65/66B | €131,451 | €58,871 | -€72,579 | -55.2% |
| Recurring financial charges | 65 | €131,451 | €58,871 | -€72,579 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €466,209 | €389,068 | -€77,141 | -16.5% |
| Income taxes | 67/77 | €120,725 | €95,499 | -€25,226 | -20.9% |
| Profit (loss) for the period | 9904 | €345,484 | €293,569 | -€51,915 | -15.0% |
| Transfer from tax-exempt reserves | 789 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €345,484 | €440,919 | +€95,435 | +27.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.