IMMOFLATS: 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.
IMMOFLATS
Largest movements
- Current investments +€45,446
up €45,446 (+30.5%), from €149,084 to €194,530
- Cash -€40,352
down €40,352 (-30.1%), from €134,246 to €93,894
mainly Current investments (-€45,446) and Current portion of long-term debt (-€8,760)
- Tangible fixed assets -€21,367
down €21,367 (-10.0%), from €213,275 to €191,908
of which Land and buildings: -€25,213
- Current portion of long-term debt -€8,760
down €8,760 (-74.7%), from €11,721 to €2,960
- Taxes -€107,393
down €107,393 (-98.9%), from €108,578 to €1,185
- Gross operating margin -€100,236
down €100,236 (-77.7%), from €128,934 to €28,698
- Depreciation +€25,267
new in 2025: €25,267
- Financial charges -€5,167
down €5,167 (-76.9%), from €6,720 to €1,553
- Financial income +€2,168
up €2,168 (+253%), from €856 to €3,024
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 | €507,146 | €495,332 | -€11,814 | -2.3% |
| Fixed assets | 21/28 | €213,275 | €191,908 | -€21,367 | -10.0% |
| Tangible fixed assets | 22/27 | €213,275 | €191,908 | -€21,367 | -10.0% |
| Land and buildings | 22 | €213,275 | €188,062 | -€25,213 | -11.8% |
| Furniture and vehicles | 24 | - | €3,847 | +€3,847 | |
| Current assets | 29/58 | €293,871 | €303,424 | +€9,553 | +3.3% |
| Amounts receivable within one year | 40/41 | €10,541 | €15,000 | +€4,459 | +42.3% |
| Other amounts receivable | 41 | €10,541 | €15,000 | +€4,459 | +42.3% |
| Current investments | 50/53 | €149,084 | €194,530 | +€45,446 | +30.5% |
| Cash at bank and in hand | 54/58 | €134,246 | €93,894 | -€40,352 | -30.1% |
| Total equity and liabilities | 10/49 | €507,146 | €495,332 | -€11,814 | -2.3% |
| Equity | 10/15 | €446,080 | €448,619 | +€2,539 | +0.6% |
| Contributions | 10/11 | €85,600 | €85,600 | = | 0.0% |
| Reserves | 13 | €236,473 | €239,013 | +€2,539 | +1.1% |
| Distributable reserves | 133 | €236,473 | €239,013 | +€2,539 | +1.1% |
| Profit (loss) carried forward | 14 | €124,007 | €124,007 | = | 0.0% |
| Amounts payable | 17/49 | €61,066 | €46,713 | -€14,353 | -23.5% |
| Amounts payable after more than one year | 17 | €2,960 | - | -€2,960 | |
| Financial debts | 170/4 | €2,960 | - | -€2,960 | |
| Amounts payable within one year | 42/48 | €58,106 | €46,713 | -€11,393 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €11,721 | €2,960 | -€8,760 | -74.7% |
| Taxes, remuneration and social security | 45 | €43,499 | €43,752 | +€254 | +0.6% |
| Taxes | 450/3 | €43,499 | €43,752 | +€254 | +0.6% |
| Other amounts payable | 47/48 | €2,886 | - | -€2,886 | |
| Non-recurring operating income | 76A | €113,695 | - | -€113,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €25,267 | +€25,267 | |
| Other operating charges | 640/8 | €1,893 | €1,177 | -€716 | -37.8% |
| Gross operating margin | 9900 | €128,934 | €28,698 | -€100,236 | -77.7% |
| Operating profit (loss) | 9901 | €127,041 | €2,254 | -€124,787 | -98.2% |
| Financial income | 75/76B | €856 | €3,024 | +€2,168 | +253% |
| Recurring financial income | 75 | €856 | €3,024 | +€2,168 | +253% |
| Financial charges | 65/66B | €6,720 | €1,553 | -€5,167 | -76.9% |
| Recurring financial charges | 65 | €6,720 | €1,553 | -€5,167 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €121,177 | €3,724 | -€117,452 | -96.9% |
| Transfer from deferred taxes | 780 | €73,185 | - | -€73,185 | |
| Income taxes | 67/77 | €108,578 | €1,185 | -€107,393 | -98.9% |
| Profit (loss) for the period | 9904 | €85,784 | €2,539 | -€83,245 | -97.0% |
| Transfer from tax-exempt reserves | 789 | €142,129 | - | -€142,129 | |
| Profit (loss) for the period to be appropriated | 9905 | €227,913 | €2,539 | -€225,374 | -98.9% |
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 30 October 2026 via checked.be.