IMMOCUB: 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.
IMMOCUB
Largest movements
- Tangible fixed assets +€756,631
up €756,631 (+40.6%), from €1.9m to €2.6m
of which Land and buildings: +€758,052
- Debts after one year +€413,576
up €413,576 (+129.9%), from €318,367 to €731,942
of which Financial debts: +€414,976
- Reserves +€228,241
up €228,241 (+27.9%), from €818,570 to €1.0m
of which Distributable reserves: +€290,466
- Tax, wage and social debts +€64,686
up €64,686 (+2799.5%), from €2,311 to €66,996
- Other debts +€35,600
up €35,600 (+9.4%), from €379,200 to €414,800
- Gross operating margin +€319,275
up €319,275 (+285.2%), from €111,953 to €431,228
- Taxes +€101,743
up €101,743 (+3003.0%), from €3,388 to €105,131
- Depreciation +€9,767
up €9,767 (+12.3%), from €79,585 to €89,352
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,875,797 | €2,638,972 | +€763,175 | +40.7% |
| Fixed assets | 21/28 | €1,865,903 | €2,622,535 | +€756,631 | +40.6% |
| Tangible fixed assets | 22/27 | €1,865,903 | €2,622,535 | +€756,631 | +40.6% |
| Land and buildings | 22 | €1,864,483 | €2,622,535 | +€758,052 | +40.7% |
| Furniture and vehicles | 24 | €1,420 | - | -€1,420 | |
| Current assets | 29/58 | €9,894 | €16,437 | +€6,543 | +66.1% |
| Cash at bank and in hand | 54/58 | €8,180 | €15,494 | +€7,314 | +89.4% |
| Deferred charges and accrued income | 490/1 | €1,714 | €943 | -€770 | -44.9% |
| Total equity and liabilities | 10/49 | €1,875,797 | €2,638,972 | +€763,175 | +40.7% |
| Equity | 10/15 | €880,570 | €1,108,811 | +€228,241 | +25.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €818,570 | €1,046,811 | +€228,241 | +27.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €277,213 | €214,989 | -€62,224 | -22.4% |
| Distributable reserves | 133 | €535,157 | €825,623 | +€290,466 | +54.3% |
| Provisions and deferred taxes | 16 | €142,799 | €122,058 | -€20,741 | -14.5% |
| Deferred taxes | 168 | €142,799 | €122,058 | -€20,741 | -14.5% |
| Amounts payable | 17/49 | €852,428 | €1,408,102 | +€555,675 | +65.2% |
| Amounts payable after more than one year | 17 | €318,367 | €731,942 | +€413,576 | +129.9% |
| Financial debts | 170/4 | €316,967 | €731,942 | +€414,976 | +130.9% |
| Other amounts payable | 178/9 | €1,400 | - | -€1,400 | |
| Amounts payable within one year | 42/48 | €534,061 | €676,160 | +€142,099 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €92,851 | €106,361 | +€13,510 | +14.6% |
| Trade debts | 44 | €99 | €3,403 | +€3,304 | +3328.6% |
| Suppliers | 440/4 | €99 | €3,403 | +€3,304 | +3328.6% |
| Advances received on contracts in progress | 46 | €59,600 | €84,600 | +€25,000 | +41.9% |
| Taxes, remuneration and social security | 45 | €2,311 | €66,996 | +€64,686 | +2799.5% |
| Taxes | 450/3 | €2,311 | €66,996 | +€64,686 | +2799.5% |
| Other amounts payable | 47/48 | €379,200 | €414,800 | +€35,600 | +9.4% |
| Non-recurring operating income | 76A | - | €298,319 | +€298,319 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,585 | €89,352 | +€9,767 | +12.3% |
| Other operating charges | 640/8 | €15,666 | €18,404 | +€2,738 | +17.5% |
| Non-recurring operating charges | 66A | €32,097 | - | -€32,097 | |
| Gross operating margin | 9900 | €111,953 | €431,228 | +€319,275 | +285.2% |
| Operating profit (loss) | 9901 | -€15,395 | €323,473 | +€338,868 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €7,649 | €10,842 | +€3,194 | +41.8% |
| Recurring financial charges | 65 | €7,649 | €10,842 | +€3,194 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | -€23,043 | €312,631 | +€335,675 | |
| Transfer from deferred taxes | 780 | €7,144 | €20,741 | +€13,598 | +190.3% |
| Income taxes | 67/77 | €3,388 | €105,131 | +€101,743 | +3003.0% |
| Profit (loss) for the period | 9904 | -€19,288 | €228,241 | +€247,529 | |
| Transfer from tax-exempt reserves | 789 | €21,431 | €62,224 | +€40,793 | +190.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,143 | €290,466 | +€288,323 | +13454.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.