IMMOFAC: 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.
IMMOFAC
Largest movements
- Receivables within one year -€11,787
down €11,787 (-11.5%), from €102,681 to €90,893
of which Other amounts receivable: -€6,180
- Stocks and contracts -€8,030
down €8,030 (-36.4%), from €22,041 to €14,011
of which Contracts in progress: -€7,830
- Tangible fixed assets +€6,935
up €6,935 (+17.2%), from €40,352 to €47,287
of which Other tangible fixed assets: +€6,727
- Profit (loss) carried forward -€16,217
down €16,217 (-16.8%), from €96,395 to €80,178
- Trade debts +€2,241
up €2,241 (+160%), from €1,400 to €3,641
- Gross operating margin -€15,978
down €15,978, from €9,313 to -€6,665
- Depreciation +€1,169
up €1,169 (+22.9%), from €5,107 to €6,276
- Financial charges -€109
down €109 (-60.8%), from €179 to €70
- Other operating charges +€98
up €98 (+3.1%), from €3,108 to €3,206
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,078 | €155,522 | -€13,556 | -8.0% |
| Fixed assets | 21/28 | €40,427 | €47,362 | +€6,935 | +17.2% |
| Tangible fixed assets | 22/27 | €40,352 | €47,287 | +€6,935 | +17.2% |
| Land and buildings | 22 | €12,566 | €12,566 | = | 0.0% |
| Furniture and vehicles | 24 | €844 | €1,052 | +€208 | +24.6% |
| Other tangible fixed assets | 26 | €26,942 | €33,669 | +€6,727 | +25.0% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €128,651 | €108,160 | -€20,490 | -15.9% |
| Stocks and contracts in progress | 3 | €22,041 | €14,011 | -€8,030 | -36.4% |
| Stocks | 30/36 | €7,211 | €7,011 | -€200 | -2.8% |
| Contracts in progress | 37 | €14,830 | €7,000 | -€7,830 | -52.8% |
| Amounts receivable within one year | 40/41 | €102,681 | €90,893 | -€11,787 | -11.5% |
| Trade receivables | 40 | €6,160 | €553 | -€5,607 | -91.0% |
| Other amounts receivable | 41 | €96,521 | €90,341 | -€6,180 | -6.4% |
| Cash at bank and in hand | 54/58 | €3,929 | €3,256 | -€673 | -17.1% |
| Total equity and liabilities | 10/49 | €169,078 | €155,522 | -€13,556 | -8.0% |
| Equity | 10/15 | €165,488 | €149,271 | -€16,217 | -9.8% |
| Contributions | 10/11 | €61,970 | €61,970 | = | 0.0% |
| Capital | 10 | €61,970 | €61,970 | = | 0.0% |
| Issued capital | 100 | €61,970 | €61,970 | = | 0.0% |
| Reserves | 13 | €7,123 | €7,123 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,123 | €7,123 | = | 0.0% |
| Legal reserve | 130 | €7,123 | €7,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,395 | €80,178 | -€16,217 | -16.8% |
| Amounts payable | 17/49 | €3,590 | €6,251 | +€2,661 | +74.1% |
| Amounts payable after more than one year | 17 | €1,620 | €1,620 | = | 0.0% |
| Other amounts payable | 178/9 | €1,620 | €1,620 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,970 | €3,641 | +€1,671 | +84.8% |
| Trade debts | 44 | €1,400 | €3,641 | +€2,241 | +160% |
| Suppliers | 440/4 | €1,400 | €3,641 | +€2,241 | +160% |
| Taxes, remuneration and social security | 45 | €570 | - | -€570 | |
| Taxes | 450/3 | €570 | - | -€570 | |
| Accrued charges and deferred income | 492/3 | - | €990 | +€990 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,107 | €6,276 | +€1,169 | +22.9% |
| Other operating charges | 640/8 | €3,108 | €3,206 | +€98 | +3.1% |
| Gross operating margin | 9900 | €9,313 | -€6,665 | -€15,978 | |
| Operating profit (loss) | 9901 | €1,098 | -€16,147 | -€17,245 | |
| Financial charges | 65/66B | €179 | €70 | -€109 | -60.8% |
| Recurring financial charges | 65 | €179 | €70 | -€109 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €919 | -€16,217 | -€17,136 | |
| Profit (loss) for the period | 9904 | €919 | -€16,217 | -€17,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €919 | -€16,217 | -€17,136 |
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 17 October 2026 via checked.be.