Immofactory: 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.
Immofactory
Largest movements
- Receivables within one year +€97,013
up €97,013 (+56.7%), from €171,052 to €268,065
of which Other amounts receivable: +€101,753
- Cash -€73,637
down €73,637 (-57.6%), from €127,789 to €54,151
mainly Receivables within one year (-€97,013) and Debts after one year (-€72,216)
- Tangible fixed assets -€52,171
down €52,171 (-6.7%), from €783,065 to €730,894
of which Land and buildings: -€35,109
- Debts after one year -€72,216
down €72,216 (-16.3%), from €443,312 to €371,096
- Reserves +€51,833
up €51,833 (+13.6%), from €380,990 to €432,823
- Trade debts -€22,281
down €22,281 (-39.9%), from €55,803 to €33,521
- Tax, wage and social debts +€12,462
up €12,462 (+40.2%), from €30,991 to €43,453
- Write-downs +€84,375
new in 2025: €84,375
- Gross operating margin +€70,040
up €70,040 (+38.1%), from €183,636 to €253,676
- Other operating charges -€15,271
down €15,271 (-34.7%), from €44,006 to €28,735
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 | €1,081,906 | €1,053,110 | -€28,796 | -2.7% |
| Fixed assets | 21/28 | €783,065 | €730,894 | -€52,171 | -6.7% |
| Tangible fixed assets | 22/27 | €783,065 | €730,894 | -€52,171 | -6.7% |
| Land and buildings | 22 | €664,981 | €629,873 | -€35,109 | -5.3% |
| Plant, machinery and equipment | 23 | €72,722 | €62,454 | -€10,267 | -14.1% |
| Furniture and vehicles | 24 | €45,362 | €38,567 | -€6,795 | -15.0% |
| Current assets | 29/58 | €298,841 | €322,216 | +€23,376 | +7.8% |
| Amounts receivable within one year | 40/41 | €171,052 | €268,065 | +€97,013 | +56.7% |
| Trade receivables | 40 | €86,144 | €81,404 | -€4,740 | -5.5% |
| Other amounts receivable | 41 | €84,907 | €186,661 | +€101,753 | +119.8% |
| Cash at bank and in hand | 54/58 | €127,789 | €54,151 | -€73,637 | -57.6% |
| Total equity and liabilities | 10/49 | €1,081,906 | €1,053,110 | -€28,796 | -2.7% |
| Equity | 10/15 | €480,990 | €532,823 | +€51,833 | +10.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €380,990 | €432,823 | +€51,833 | +13.6% |
| Distributable reserves | 133 | €380,990 | €432,823 | +€51,833 | +13.6% |
| Amounts payable | 17/49 | €600,916 | €520,287 | -€80,628 | -13.4% |
| Amounts payable after more than one year | 17 | €443,312 | €371,096 | -€72,216 | -16.3% |
| Financial debts | 170/4 | €443,312 | €371,096 | -€72,216 | -16.3% |
| Amounts payable within one year | 42/48 | €157,603 | €149,191 | -€8,412 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €70,810 | €72,216 | +€1,406 | +2.0% |
| Trade debts | 44 | €55,803 | €33,521 | -€22,281 | -39.9% |
| Suppliers | 440/4 | €55,803 | €33,521 | -€22,281 | -39.9% |
| Taxes, remuneration and social security | 45 | €30,991 | €43,453 | +€12,462 | +40.2% |
| Taxes | 450/3 | €30,991 | €43,453 | +€12,462 | +40.2% |
| Remuneration, social security and pensions | 62 | €8,350 | €8,912 | +€562 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,171 | €52,171 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €84,375 | +€84,375 | |
| Other operating charges | 640/8 | €44,006 | €28,735 | -€15,271 | -34.7% |
| Gross operating margin | 9900 | €183,636 | €253,676 | +€70,040 | +38.1% |
| Operating profit (loss) | 9901 | €79,108 | €79,482 | +€374 | +0.5% |
| Financial charges | 65/66B | €11,357 | €10,009 | -€1,349 | -11.9% |
| Recurring financial charges | 65 | €11,357 | €10,009 | -€1,349 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €67,751 | €69,474 | +€1,723 | +2.5% |
| Income taxes | 67/77 | €18,505 | €17,641 | -€865 | -4.7% |
| Profit (loss) for the period | 9904 | €49,246 | €51,833 | +€2,587 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,246 | €51,833 | +€2,587 | +5.3% |
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 12 October 2026 via checked.be.