Immocube: 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.
Immocube
Largest movements
- Cash +€240,423
up €240,423 (+318.8%), from €75,425 to €315,848
mainly Net result for the year (+€164,007) and Investment in fixed assets (net) (+€98,557)
- Tangible fixed assets -€145,805
down €145,805 (-10.7%), from €1.4m to €1.2m
of which Land and buildings: -€153,932
- Receivables within one year +€40,475
up €40,475 (+58.6%), from €69,082 to €109,557
of which Other amounts receivable: +€50,000
- Reserves +€149,276
up €149,276 (+65.4%), from €228,201 to €377,477
of which Distributable reserves: +€150,000
- Debts after one year -€66,494
down €66,494 (-6.6%), from €1.0m to €942,939
- Trade debts +€43,147
up €43,147 (+301.0%), from €14,334 to €57,481
- Other debts -€41,326
down €41,326 (-24.6%), from €167,764 to €126,438
- Tax, wage and social debts +€29,350
up €29,350 (+115.0%), from €25,513 to €54,863
of which Taxes: +€31,594
- Gross operating margin +€229,624
up €229,624 (+125.3%), from €183,211 to €412,835
- Taxes +€70,780
up €70,780 (+4158.4%), from €1,702 to €72,482
- Staff costs -€20,793
down €20,793 (-19.8%), from €104,829 to €84,036
- Other operating charges -€4,325
down €4,325 (-26.7%), from €16,225 to €11,900
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 | €1,525,954 | €1,659,626 | +€133,672 | +8.8% |
| Fixed assets | 21/28 | €1,369,757 | €1,223,952 | -€145,805 | -10.6% |
| Tangible fixed assets | 22/27 | €1,360,283 | €1,214,478 | -€145,805 | -10.7% |
| Land and buildings | 22 | €1,315,368 | €1,161,436 | -€153,932 | -11.7% |
| Plant, machinery and equipment | 23 | €359 | €1,395 | +€1,036 | +288.9% |
| Furniture and vehicles | 24 | €41,381 | €33,260 | -€8,121 | -19.6% |
| Other tangible fixed assets | 26 | €3,175 | €18,387 | +€15,212 | +479.1% |
| Financial fixed assets | 28 | €9,474 | €9,474 | +€0 | 0.0% |
| Current assets | 29/58 | €156,197 | €435,674 | +€279,477 | +178.9% |
| Amounts receivable within one year | 40/41 | €69,082 | €109,557 | +€40,475 | +58.6% |
| Trade receivables | 40 | €56,460 | €46,936 | -€9,524 | -16.9% |
| Other amounts receivable | 41 | €12,621 | €62,621 | +€50,000 | +396.2% |
| Cash at bank and in hand | 54/58 | €75,425 | €315,848 | +€240,423 | +318.8% |
| Deferred charges and accrued income | 490/1 | €11,691 | €10,269 | -€1,422 | -12.2% |
| Total equity and liabilities | 10/49 | €1,525,954 | €1,659,626 | +€133,672 | +8.8% |
| Equity | 10/15 | €233,910 | €397,918 | +€164,008 | +70.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,201 | €377,477 | +€149,276 | +65.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,171 | €21,446 | -€725 | -3.3% |
| Distributable reserves | 133 | €204,171 | €354,171 | +€150,000 | +73.5% |
| Profit (loss) carried forward | 14 | -€12,891 | €1,841 | +€14,732 | |
| Provisions and deferred taxes | 16 | €7,390 | €7,149 | -€241 | -3.3% |
| Deferred taxes | 168 | €7,390 | €7,149 | -€241 | -3.3% |
| Amounts payable | 17/49 | €1,284,654 | €1,254,559 | -€30,095 | -2.3% |
| Amounts payable after more than one year | 17 | €1,009,433 | €942,939 | -€66,494 | -6.6% |
| Financial debts | 170/4 | €1,009,433 | €942,939 | -€66,494 | -6.6% |
| Amounts payable within one year | 42/48 | €272,950 | €309,322 | +€36,372 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €65,340 | €70,540 | +€5,200 | +8.0% |
| Trade debts | 44 | €14,334 | €57,481 | +€43,147 | +301.0% |
| Suppliers | 440/4 | €14,334 | €57,481 | +€43,147 | +301.0% |
| Taxes, remuneration and social security | 45 | €25,513 | €54,863 | +€29,350 | +115.0% |
| Taxes | 450/3 | €15,408 | €47,002 | +€31,594 | +205.1% |
| Remuneration and social security | 454/9 | €10,105 | €7,861 | -€2,244 | -22.2% |
| Other amounts payable | 47/48 | €167,764 | €126,438 | -€41,326 | -24.6% |
| Accrued charges and deferred income | 492/3 | €2,271 | €2,298 | +€27 | +1.2% |
| Non-recurring operating income | 76A | €87 | - | -€87 | |
| Remuneration, social security and pensions | 62 | €104,829 | €84,036 | -€20,793 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,520 | €47,248 | -€2,272 | -4.6% |
| Other operating charges | 640/8 | €16,225 | €11,900 | -€4,325 | -26.7% |
| Non-recurring operating charges | 66A | €108 | - | -€108 | |
| Gross operating margin | 9900 | €183,211 | €412,835 | +€229,624 | +125.3% |
| Operating profit (loss) | 9901 | €12,529 | €269,651 | +€257,122 | +2052.2% |
| Financial income | 75/76B | €1,413 | €1,646 | +€233 | +16.5% |
| Recurring financial income | 75 | €1,413 | €1,646 | +€233 | +16.5% |
| Financial charges | 65/66B | €31,866 | €35,050 | +€3,184 | +10.0% |
| Recurring financial charges | 65 | €31,866 | €35,050 | +€3,184 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,924 | €236,247 | +€254,171 | |
| Transfer from deferred taxes | 780 | €242 | €242 | +€0 | +0.1% |
| Income taxes | 67/77 | €1,702 | €72,482 | +€70,780 | +4158.4% |
| Profit (loss) for the period | 9904 | -€19,384 | €164,007 | +€183,391 | |
| Transfer from tax-exempt reserves | 789 | €725 | €725 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,659 | €164,732 | +€183,391 |
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 11 October 2026 via checked.be.