IMMOCROES: 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.
IMMOCROES
Largest movements
- Tangible fixed assets +€604,189
up €604,189 (+7.3%), from €8.3m to €8.9m
of which Leasing and similar rights: +€971,793
- Receivables within one year +€291,033
up €291,033 (+157.6%), from €184,663 to €475,696
of which Trade receivables: +€291,008
- Cash -€145,733
down €145,733 (-54.9%), from €265,553 to €119,820
mainly Investment in fixed assets (net) (-€3.0m) and Net result for the year (-€479,979)
- Debts after one year +€731,640
up €731,640 (+21.0%), from €3.5m to €4.2m
- Profit (loss) carried forward -€479,979
down €479,979 (-57.4%), from €836,075 to €356,096
- Current portion of long-term debt +€296,525
up €296,525 (+18.9%), from €1.6m to €1.9m
- Other debts +€120,491
up €120,491 (+7.2%), from €1.7m to €1.8m
- Depreciation +€663,713
up €663,713 (+38.4%), from €1.7m to €2.4m
- Gross operating margin +€529,352
up €529,352 (+31.2%), from €1.7m to €2.2m
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 | €8,735,415 | €9,484,904 | +€749,489 | +8.6% |
| Fixed assets | 21/28 | €8,285,200 | €8,889,388 | +€604,189 | +7.3% |
| Tangible fixed assets | 22/27 | €8,285,200 | €8,889,388 | +€604,189 | +7.3% |
| Land and buildings | 22 | €3,199,322 | €3,173,867 | -€25,455 | -0.8% |
| Plant, machinery and equipment | 23 | €466,118 | €123,969 | -€342,149 | -73.4% |
| Leasing and similar rights | 25 | €4,619,760 | €5,591,552 | +€971,793 | +21.0% |
| Current assets | 29/58 | €450,216 | €595,516 | +€145,300 | +32.3% |
| Amounts receivable within one year | 40/41 | €184,663 | €475,696 | +€291,033 | +157.6% |
| Trade receivables | 40 | €184,663 | €475,671 | +€291,008 | +157.6% |
| Other amounts receivable | 41 | - | €25 | +€25 | |
| Cash at bank and in hand | 54/58 | €265,553 | €119,820 | -€145,733 | -54.9% |
| Total equity and liabilities | 10/49 | €8,735,415 | €9,484,904 | +€749,489 | +8.6% |
| Equity | 10/15 | €1,893,978 | €1,413,999 | -€479,979 | -25.3% |
| Contributions | 10/11 | €984,470 | €984,470 | = | 0.0% |
| Reserves | 13 | €73,433 | €73,433 | = | 0.0% |
| Distributable reserves | 133 | €73,433 | €73,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | €836,075 | €356,096 | -€479,979 | -57.4% |
| Amounts payable | 17/49 | €6,841,438 | €8,070,905 | +€1.2m | +18.0% |
| Amounts payable after more than one year | 17 | €3,489,805 | €4,221,445 | +€731,640 | +21.0% |
| Financial debts | 170/4 | €3,489,805 | €4,221,445 | +€731,640 | +21.0% |
| Amounts payable within one year | 42/48 | €3,351,632 | €3,849,461 | +€497,828 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €1,568,335 | €1,864,860 | +€296,525 | +18.9% |
| Financial debts | 43 | - | €39,248 | +€39,248 | |
| Credit institutions | 430/8 | - | €39,248 | +€39,248 | |
| Trade debts | 44 | €83,496 | €127,618 | +€44,122 | +52.8% |
| Suppliers | 440/4 | €83,496 | €127,618 | +€44,122 | +52.8% |
| Taxes, remuneration and social security | 45 | €22,110 | €19,552 | -€2,558 | -11.6% |
| Taxes | 450/3 | €22,110 | €19,552 | -€2,558 | -11.6% |
| Other amounts payable | 47/48 | €1,677,692 | €1,798,183 | +€120,491 | +7.2% |
| Non-recurring operating income | 76A | €14,332 | - | -€14,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,729,756 | €2,393,469 | +€663,713 | +38.4% |
| Other operating charges | 640/8 | €14,593 | €15,033 | +€440 | +3.0% |
| Gross operating margin | 9900 | €1,697,388 | €2,226,740 | +€529,352 | +31.2% |
| Operating profit (loss) | 9901 | -€46,961 | -€181,762 | -€134,801 | -287.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €294,738 | €298,217 | +€3,479 | +1.2% |
| Recurring financial charges | 65 | €294,738 | €298,217 | +€3,479 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | -€341,699 | -€479,979 | -€138,280 | -40.5% |
| Profit (loss) for the period | 9904 | -€341,699 | -€479,979 | -€138,280 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€341,699 | -€479,979 | -€138,280 | -40.5% |
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 28 September 2026 via checked.be.