IMMOFFICE: 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.
IMMOFFICE
Largest movements
- Cash -€162,384
down €162,384 (-79.9%), from €203,214 to €40,831
mainly Investment in fixed assets (net) (-€103,686) and Current investments (-€75,718)
- Current investments +€75,718
up €75,718 (+17.1%), from €442,094 to €517,812
- Tangible fixed assets +€31,253
up €31,253 (+1.7%), from €1.8m to €1.8m
of which Other tangible fixed assets: +€68,884
- Receivables within one year +€26,396
up €26,396 (+109.1%), from €24,200 to €50,596
- Profit (loss) carried forward +€47,703
up €47,703 (+16.5%), from €289,386 to €337,089
- Trade debts -€34,761
down €34,761 (-82.5%), from €42,120 to €7,360
- Debts after one year -€30,157
down €30,157 (-20.8%), from €145,196 to €115,040
- Current portion of long-term debt -€27,394
down €27,394 (-49.8%), from €54,959 to €27,565
- Gross operating margin -€230,616
down €230,616 (-61.8%), from €372,910 to €142,294
- Financial income +€29,598
up €29,598 (+256.2%), from €11,554 to €41,153
- Financial charges +€13,643
up €13,643 (+1039.7%), from €1,312 to €14,955
- Depreciation +€10,112
up €10,112 (+16.2%), from €62,321 to €72,433
- Taxes -€9,591
down €9,591 (-27.3%), from €35,140 to €25,550
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 | €2,476,416 | €2,450,788 | -€25,627 | -1.0% |
| Fixed assets | 21/28 | €1,799,766 | €1,831,019 | +€31,253 | +1.7% |
| Tangible fixed assets | 22/27 | €1,799,766 | €1,831,019 | +€31,253 | +1.7% |
| Land and buildings | 22 | €1,757,149 | €1,702,943 | -€54,206 | -3.1% |
| Plant, machinery and equipment | 23 | - | €17,019 | +€17,019 | |
| Furniture and vehicles | 24 | €12,521 | €12,076 | -€444 | -3.5% |
| Other tangible fixed assets | 26 | €30,096 | €98,980 | +€68,884 | +228.9% |
| Current assets | 29/58 | €676,649 | €619,769 | -€56,880 | -8.4% |
| Amounts receivable within one year | 40/41 | €24,200 | €50,596 | +€26,396 | +109.1% |
| Trade receivables | 40 | €24,200 | €50,596 | +€26,396 | +109.1% |
| Current investments | 50/53 | €442,094 | €517,812 | +€75,718 | +17.1% |
| Cash at bank and in hand | 54/58 | €203,214 | €40,831 | -€162,384 | -79.9% |
| Deferred charges and accrued income | 490/1 | €7,141 | €10,531 | +€3,390 | +47.5% |
| Total equity and liabilities | 10/49 | €2,476,416 | €2,450,788 | -€25,627 | -1.0% |
| Equity | 10/15 | €1,920,644 | €1,974,065 | +€53,421 | +2.8% |
| Contributions | 10/11 | €743,700 | €743,700 | = | 0.0% |
| Capital | 10 | €743,700 | €743,700 | = | 0.0% |
| Issued capital | 100 | €743,700 | €743,700 | = | 0.0% |
| Reserves | 13 | €887,559 | €893,277 | +€5,718 | +0.6% |
| Non-distributable reserves | 130/1 | €36,251 | €40,340 | +€4,090 | +11.3% |
| Legal reserve | 130 | €36,251 | €40,340 | +€4,090 | +11.3% |
| Tax-exempt reserves | 132 | €733,808 | €705,437 | -€28,371 | -3.9% |
| Distributable reserves | 133 | €117,500 | €147,500 | +€30,000 | +25.5% |
| Profit (loss) carried forward | 14 | €289,386 | €337,089 | +€47,703 | +16.5% |
| Provisions and deferred taxes | 16 | €244,603 | €235,146 | -€9,457 | -3.9% |
| Deferred taxes | 168 | €244,603 | €235,146 | -€9,457 | -3.9% |
| Amounts payable | 17/49 | €311,169 | €241,577 | -€69,591 | -22.4% |
| Amounts payable after more than one year | 17 | €145,196 | €115,040 | -€30,157 | -20.8% |
| Financial debts | 170/4 | €145,196 | €115,040 | -€30,157 | -20.8% |
| Amounts payable within one year | 42/48 | €165,299 | €126,082 | -€39,218 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €54,959 | €27,565 | -€27,394 | -49.8% |
| Trade debts | 44 | €42,120 | €7,360 | -€34,761 | -82.5% |
| Suppliers | 440/4 | €42,120 | €7,360 | -€34,761 | -82.5% |
| Taxes, remuneration and social security | 45 | €15,655 | €32,348 | +€16,693 | +106.6% |
| Taxes | 450/3 | €15,655 | €32,348 | +€16,693 | +106.6% |
| Other amounts payable | 47/48 | €52,565 | €58,809 | +€6,244 | +11.9% |
| Accrued charges and deferred income | 492/3 | €673 | €456 | -€217 | -32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,321 | €72,433 | +€10,112 | +16.2% |
| Other operating charges | 640/8 | €27,086 | €26,545 | -€540 | -2.0% |
| Gross operating margin | 9900 | €372,910 | €142,294 | -€230,616 | -61.8% |
| Operating profit (loss) | 9901 | €283,504 | €43,316 | -€240,188 | -84.7% |
| Financial income | 75/76B | €11,554 | €41,153 | +€29,598 | +256.2% |
| Recurring financial income | 75 | €11,554 | €41,153 | +€29,598 | +256.2% |
| Financial charges | 65/66B | €1,312 | €14,955 | +€13,643 | +1039.7% |
| Recurring financial charges | 65 | €1,312 | €14,955 | +€13,643 | +1039.7% |
| Profit (loss) for the period before taxes | 9903 | €293,746 | €69,514 | -€224,232 | -76.3% |
| Transfer from deferred taxes | 780 | €9,457 | €9,457 | = | 0.0% |
| Transfer to deferred taxes | 680 | €44,416 | €0 | -€44,416 | -100.0% |
| Income taxes | 67/77 | €35,140 | €25,550 | -€9,591 | -27.3% |
| Profit (loss) for the period | 9904 | €223,646 | €53,421 | -€170,225 | -76.1% |
| Transfer from tax-exempt reserves | 789 | €28,371 | €28,371 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €133,249 | €0 | -€133,249 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €118,768 | €81,793 | -€36,976 | -31.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.