IMMODREAM-INVEST: 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.
What changed
IMMODREAM-INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,552
2024 · €6,465-€4,913
Equity
€335,290
2024 · €333,738+€1,552
Cash
€73,500
2024 · €69,833+€3,667
Balance sheet total
€733,424
2024 · €756,193-€22,769
Largest movements
Assets
- Tangible fixed assets -€29,464
down €29,464 (-4.3%), from €684,485 to €655,021
of which Land and buildings: -€28,624
Equity and liabilities
- Debts after one year -€22,387
down €22,387 (-9.4%), from €238,499 to €216,112
Income statement
- Gross operating margin -€4,176
down €4,176 (-9.0%), from €46,474 to €42,298
- Other operating charges +€3,111
up €3,111 (+163%), from €1,904 to €5,015
- Taxes -€2,243
down €2,243 (-23.9%), from €9,371 to €7,128
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.
Result 2024
€6,465
Gross operating margin
-€4,176
Depreciation
-€120
Other operating charges
-€3,111
Financial income
-€42
Financial charges
+€295
Taxes
+€2,243
Result 2025
€1,552
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€25,719
Investment
€0
Financing
-€22,052
Cash 2024
€69,833
From operations (derived)
+€25,719
Net result for the year
+€1,552
Depreciation
+€29,464
Receivables within one year
-€2,947
Deferred charges and accrued income
-€82
Provisions
-€4,574
Trade debts
+€2,047
Tax, wage and social debts
-€1,236
Other debts
+€1,520
Accrued charges and deferred income
-€26
Financing
-€22,052
Debts after one year
-€22,387
Current portion of long-term debt
+€334
Cash 2025
€73,500
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €756,193 | €733,424 | -€22,769 | -3.0% |
| Fixed assets | 21/28 | €684,485 | €655,021 | -€29,464 | -4.3% |
| Tangible fixed assets | 22/27 | €684,485 | €655,021 | -€29,464 | -4.3% |
| Land and buildings | 22 | €680,068 | €651,444 | -€28,624 | -4.2% |
| Plant, machinery and equipment | 23 | €4,417 | €3,577 | -€840 | -19.0% |
| Current assets | 29/58 | €71,708 | €78,403 | +€6,695 | +9.3% |
| Amounts receivable within one year | 40/41 | €716 | €3,663 | +€2,947 | +411% |
| Other amounts receivable | 41 | €716 | €3,663 | +€2,947 | +411% |
| Cash at bank and in hand | 54/58 | €69,833 | €73,500 | +€3,667 | +5.3% |
| Deferred charges and accrued income | 490/1 | €1,158 | €1,240 | +€82 | +7.1% |
| Total equity and liabilities | 10/49 | €756,193 | €733,424 | -€22,769 | -3.0% |
| Equity | 10/15 | €333,738 | €335,290 | +€1,552 | +0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €327,538 | €329,090 | +€1,552 | +0.5% |
| Tax-exempt reserves | 132 | €275,136 | €261,413 | -€13,723 | -5.0% |
| Distributable reserves | 133 | €52,402 | €67,677 | +€15,275 | +29.1% |
| Provisions and deferred taxes | 16 | €91,712 | €87,138 | -€4,574 | -5.0% |
| Deferred taxes | 168 | €91,712 | €87,138 | -€4,574 | -5.0% |
| Amounts payable | 17/49 | €330,743 | €310,996 | -€19,746 | -6.0% |
| Amounts payable after more than one year | 17 | €238,499 | €216,112 | -€22,387 | -9.4% |
| Financial debts | 170/4 | €238,499 | €216,112 | -€22,387 | -9.4% |
| Amounts payable within one year | 42/48 | €89,639 | €92,305 | +€2,666 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €23,904 | €24,238 | +€334 | +1.4% |
| Trade debts | 44 | €40 | €2,087 | +€2,047 | +5,143% |
| Suppliers | 440/4 | €40 | €2,087 | +€2,047 | +5,143% |
| Taxes, remuneration and social security | 45 | €1,236 | - | -€1,236 | |
| Taxes | 450/3 | €1,236 | - | -€1,236 | |
| Other amounts payable | 47/48 | €64,459 | €65,980 | +€1,520 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,604 | €2,578 | -€26 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,343 | €29,464 | +€120 | +0.4% |
| Other operating charges | 640/8 | €1,904 | €5,015 | +€3,111 | +163% |
| Gross operating margin | 9900 | €46,474 | €42,298 | -€4,176 | -9.0% |
| Operating profit (loss) | 9901 | €15,227 | €7,819 | -€7,408 | -48.7% |
| Financial income | 75/76B | €293 | €250 | -€42 | -14.5% |
| Recurring financial income | 75 | €293 | €250 | -€42 | -14.5% |
| Financial charges | 65/66B | €4,258 | €3,963 | -€295 | -6.9% |
| Recurring financial charges | 65 | €4,258 | €3,963 | -€295 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €11,261 | €4,106 | -€7,155 | -63.5% |
| Transfer from deferred taxes | 780 | €4,574 | €4,574 | = | 0.0% |
| Income taxes | 67/77 | €9,371 | €7,128 | -€2,243 | -23.9% |
| Profit (loss) for the period | 9904 | €6,465 | €1,552 | -€4,913 | -76.0% |
| Transfer from tax-exempt reserves | 789 | €13,723 | €13,723 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,188 | €15,275 | -€4,913 | -24.3% |
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 30 October 2026 via checked.be.