IMMOFIDES: 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.
IMMOFIDES
Largest movements
- Tangible fixed assets +€105,866
up €105,866 (+18.4%), from €575,608 to €681,474
of which Assets under construction and advance payments: +€105,866
- Receivables within one year -€22,627
down €22,627 (-80.2%), from €28,228 to €5,601
- Cash +€9,778
up €9,778 (+71.2%), from €13,730 to €23,508
mainly Debts after one year (+€130,000) and Receivables within one year (+€22,627)
- Debts after one year +€130,000
up €130,000 (+37.8%), from €343,856 to €473,856
of which Financial debts: +€130,000
- Profit (loss) carried forward -€30,828
down €30,828 (-48.6%), from -€63,382 to -€94,210
- Gross operating margin -€16,952
down €16,952, from €3,230 to -€13,723
- Financial charges -€4,972
down €4,972 (-25.7%), from €19,380 to €14,409
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 | €662,396 | €756,040 | +€93,644 | +14.1% |
| Fixed assets | 21/28 | €575,608 | €681,474 | +€105,866 | +18.4% |
| Tangible fixed assets | 22/27 | €575,608 | €681,474 | +€105,866 | +18.4% |
| Land and buildings | 22 | €91,960 | €91,960 | = | 0.0% |
| Assets under construction and advance payments | 27 | €483,648 | €589,514 | +€105,866 | +21.9% |
| Current assets | 29/58 | €86,787 | €74,565 | -€12,222 | -14.1% |
| Stocks and contracts in progress | 3 | €44,523 | €44,523 | = | 0.0% |
| Stocks | 30/36 | €44,523 | €44,523 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,228 | €5,601 | -€22,627 | -80.2% |
| Other amounts receivable | 41 | €28,228 | €5,601 | -€22,627 | -80.2% |
| Cash at bank and in hand | 54/58 | €13,730 | €23,508 | +€9,778 | +71.2% |
| Deferred charges and accrued income | 490/1 | €306 | €934 | +€628 | +205.3% |
| Total equity and liabilities | 10/49 | €662,396 | €756,040 | +€93,644 | +14.1% |
| Equity | 10/15 | -€44,782 | -€75,610 | -€30,828 | -68.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,382 | -€94,210 | -€30,828 | -48.6% |
| Amounts payable | 17/49 | €707,177 | €831,649 | +€124,472 | +17.6% |
| Amounts payable after more than one year | 17 | €343,856 | €473,856 | +€130,000 | +37.8% |
| Financial debts | 170/4 | €343,856 | €473,856 | +€130,000 | +37.8% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €359,888 | €355,065 | -€4,824 | -1.3% |
| Financial debts | 43 | €350,000 | €350,000 | = | 0.0% |
| Credit institutions | 430/8 | €350,000 | €350,000 | = | 0.0% |
| Trade debts | 44 | €9,667 | €4,843 | -€4,824 | -49.9% |
| Suppliers | 440/4 | €9,667 | €4,843 | -€4,824 | -49.9% |
| Other amounts payable | 47/48 | €222 | €222 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,433 | €2,729 | -€704 | -20.5% |
| Other operating charges | 640/8 | €2,614 | €2,697 | +€82 | +3.1% |
| Gross operating margin | 9900 | €3,230 | -€13,723 | -€16,952 | |
| Operating profit (loss) | 9901 | €615 | -€16,419 | -€17,035 | |
| Financial charges | 65/66B | €19,380 | €14,409 | -€4,972 | -25.7% |
| Recurring financial charges | 65 | €19,380 | €14,409 | -€4,972 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,765 | -€30,828 | -€12,063 | -64.3% |
| Profit (loss) for the period | 9904 | -€18,765 | -€30,828 | -€12,063 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,765 | -€30,828 | -€12,063 | -64.3% |
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.