IMMOFISCAL: 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.
IMMOFISCAL
Largest movements
- Cash +€48,923
up €48,923 (+94.6%), from €51,732 to €100,656
mainly Current investments (+€41,508) and Net result for the year (+€40,348)
- Current investments -€41,508
down €41,508 (-87.1%), from €47,641 to €6,133
- Receivables within one year +€21,537
up €21,537 (+13.7%), from €157,460 to €178,996
of which Other amounts receivable: +€21,208
- Profit (loss) carried forward +€31,848
up €31,848 (+19.3%), from €164,708 to €196,556
- Accrued charges and deferred income -€7,872
down €7,872 (-37.4%), from €21,021 to €13,149
- Tax, wage and social debts +€3,625
up €3,625 (+33.5%), from €10,809 to €14,434
- Gross operating margin +€2,802
up €2,802 (+5.5%), from €51,295 to €54,098
- Taxes +€1,109
up €1,109 (+7.2%), from €15,456 to €16,565
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 | €263,133 | €291,880 | +€28,747 | +10.9% |
| Fixed assets | 21/28 | €886 | €465 | -€421 | -47.5% |
| Tangible fixed assets | 22/27 | €523 | €102 | -€421 | -80.4% |
| Plant, machinery and equipment | 23 | €509 | €102 | -€406 | -79.9% |
| Furniture and vehicles | 24 | €15 | - | -€15 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €262,246 | €291,415 | +€29,168 | +11.1% |
| Amounts receivable within one year | 40/41 | €157,460 | €178,996 | +€21,537 | +13.7% |
| Trade receivables | 40 | €98,373 | €98,701 | +€328 | +0.3% |
| Other amounts receivable | 41 | €59,087 | €80,295 | +€21,208 | +35.9% |
| Current investments | 50/53 | €47,641 | €6,133 | -€41,508 | -87.1% |
| Cash at bank and in hand | 54/58 | €51,732 | €100,656 | +€48,923 | +94.6% |
| Deferred charges and accrued income | 490/1 | €5,413 | €5,630 | +€216 | +4.0% |
| Total equity and liabilities | 10/49 | €263,133 | €291,880 | +€28,747 | +10.9% |
| Equity | 10/15 | €215,668 | €247,516 | +€31,848 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €32,360 | €32,360 | = | 0.0% |
| Distributable reserves | 133 | €32,360 | €32,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €164,708 | €196,556 | +€31,848 | +19.3% |
| Amounts payable | 17/49 | €47,465 | €44,364 | -€3,100 | -6.5% |
| Amounts payable within one year | 42/48 | €26,444 | €31,216 | +€4,772 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €375 | €375 | = | 0.0% |
| Trade debts | 44 | €15,260 | €16,407 | +€1,147 | +7.5% |
| Suppliers | 440/4 | €15,260 | €16,407 | +€1,147 | +7.5% |
| Taxes, remuneration and social security | 45 | €10,809 | €14,434 | +€3,625 | +33.5% |
| Taxes | 450/3 | €10,809 | €14,434 | +€3,625 | +33.5% |
| Accrued charges and deferred income | 492/3 | €21,021 | €13,149 | -€7,872 | -37.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €421 | -€209 | -33.2% |
| Other operating charges | 640/8 | €923 | €742 | -€181 | -19.6% |
| Gross operating margin | 9900 | €51,295 | €54,098 | +€2,802 | +5.5% |
| Operating profit (loss) | 9901 | €49,743 | €52,935 | +€3,193 | +6.4% |
| Financial income | 75/76B | €3,914 | €4,038 | +€124 | +3.2% |
| Recurring financial income | 75 | €3,914 | €4,038 | +€124 | +3.2% |
| Financial charges | 65/66B | €76 | €60 | -€16 | -20.6% |
| Recurring financial charges | 65 | €76 | €60 | -€16 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €53,581 | €56,913 | +€3,332 | +6.2% |
| Income taxes | 67/77 | €15,456 | €16,565 | +€1,109 | +7.2% |
| Profit (loss) for the period | 9904 | €38,125 | €40,348 | +€2,223 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,125 | €40,348 | +€2,223 | +5.8% |
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 19 October 2026 via checked.be.