IMMOFISK: 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.
IMMOFISK
Largest movements
- Financial fixed assets +€405,821
up €405,821 (+49.9%), from €813,048 to €1.2m
- Tangible fixed assets -€73,063
down €73,063 (-21.6%), from €338,511 to €265,447
of which Land and buildings: -€62,567
- Cash +€35,750
up €35,750 (+53.7%), from €66,627 to €102,377
mainly Other debts (+€369,645) and Net result for the year (+€83,718)
- Other debts +€369,645
up €369,645 (+183.4%), from €201,595 to €571,241
- Short-term financial debts -€92,998
down €92,998 (-93.0%), from €100,039 to €7,041
- Reserves +€83,718
up €83,718 (+40.1%), from €208,743 to €292,460
of which Distributable reserves: +€88,531
- Tax, wage and social debts +€33,061
up €33,061 (+260.3%), from €12,703 to €45,765
- Gross operating margin +€58,257
up €58,257 (+77.6%), from €75,084 to €133,341
- Financial income +€35,920
up €35,920 (+59.7%), from €60,174 to €96,093
- Taxes +€24,667
up €24,667 (+110.6%), from €22,304 to €46,971
- Financial charges +€14,526
up €14,526 (+82.2%), from €17,665 to €32,191
- Depreciation -€5,099
down €5,099 (-8.2%), from €61,812 to €56,713
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 | €1,219,422 | €1,594,569 | +€375,147 | +30.8% |
| Fixed assets | 21/28 | €1,151,558 | €1,484,316 | +€332,758 | +28.9% |
| Tangible fixed assets | 22/27 | €338,511 | €265,447 | -€73,063 | -21.6% |
| Land and buildings | 22 | €294,420 | €231,853 | -€62,567 | -21.3% |
| Plant, machinery and equipment | 23 | €32,010 | €29,274 | -€2,735 | -8.5% |
| Furniture and vehicles | 24 | €12,081 | €4,320 | -€7,761 | -64.2% |
| Financial fixed assets | 28 | €813,048 | €1,218,869 | +€405,821 | +49.9% |
| Current assets | 29/58 | €67,864 | €110,253 | +€42,389 | +62.5% |
| Amounts receivable within one year | 40/41 | €1,236 | €7,876 | +€6,640 | +537.0% |
| Trade receivables | 40 | - | €7,876 | +€7,876 | |
| Other amounts receivable | 41 | €1,236 | - | -€1,236 | |
| Cash at bank and in hand | 54/58 | €66,627 | €102,377 | +€35,750 | +53.7% |
| Total equity and liabilities | 10/49 | €1,219,422 | €1,594,569 | +€375,147 | +30.8% |
| Equity | 10/15 | €883,639 | €967,357 | +€83,718 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €208,743 | €292,460 | +€83,718 | +40.1% |
| Non-distributable reserves | 130/1 | €15,493 | €15,493 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,493 | €15,493 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,813 | - | -€4,813 | |
| Distributable reserves | 133 | €188,437 | €276,967 | +€88,531 | +47.0% |
| Profit (loss) carried forward | 14 | €656,296 | €656,296 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,478 | - | -€2,478 | |
| Deferred taxes | 168 | €2,478 | - | -€2,478 | |
| Amounts payable | 17/49 | €333,304 | €627,213 | +€293,908 | +88.2% |
| Amounts payable within one year | 42/48 | €333,304 | €627,213 | +€293,908 | +88.2% |
| Financial debts | 43 | €100,039 | €7,041 | -€92,998 | -93.0% |
| Credit institutions | 430/8 | €100,039 | €7,041 | -€92,998 | -93.0% |
| Trade debts | 44 | €15,641 | €3,166 | -€12,474 | -79.8% |
| Suppliers | 440/4 | €15,641 | €3,166 | -€12,474 | -79.8% |
| Advances received on contracts in progress | 46 | €3,326 | - | -€3,326 | |
| Taxes, remuneration and social security | 45 | €12,703 | €45,765 | +€33,061 | +260.3% |
| Taxes | 450/3 | €12,703 | €45,765 | +€33,061 | +260.3% |
| Other amounts payable | 47/48 | €201,595 | €571,241 | +€369,645 | +183.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,812 | €56,713 | -€5,099 | -8.2% |
| Other operating charges | 640/8 | €10,062 | €9,701 | -€362 | -3.6% |
| Non-recurring operating charges | 66A | €773 | €2,620 | +€1,846 | +238.8% |
| Gross operating margin | 9900 | €75,084 | €133,341 | +€58,257 | +77.6% |
| Operating profit (loss) | 9901 | €2,436 | €64,308 | +€61,872 | +2539.4% |
| Financial income | 75/76B | €60,174 | €96,093 | +€35,920 | +59.7% |
| Recurring financial income | 75 | €60,174 | €96,093 | +€35,920 | +59.7% |
| Financial charges | 65/66B | €17,665 | €32,191 | +€14,526 | +82.2% |
| Recurring financial charges | 65 | €17,665 | €32,191 | +€14,526 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €44,946 | €128,211 | +€83,265 | +185.3% |
| Transfer from deferred taxes | 780 | €2,565 | €2,478 | -€87 | -3.4% |
| Income taxes | 67/77 | €22,304 | €46,971 | +€24,667 | +110.6% |
| Profit (loss) for the period | 9904 | €25,207 | €83,718 | +€58,511 | +232.1% |
| Transfer from tax-exempt reserves | 789 | €4,982 | €4,813 | -€169 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,189 | €88,531 | +€58,342 | +193.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.