Immoflow: 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.
Immoflow
Largest movements
- Tangible fixed assets +€7.5m
new in 2025: €7.5m
- Current investments -€750,000
down €750,000 (-100.0%), from €750,000 to €0
- Debts after one year +€6.9m
up €6.9m (+769.3%), from €895,795 to €7.8m
of which Financial debts: +€6.7m
- Profit (loss) carried forward -€244,001
down €244,001 (-27482.5%), from -€888 to -€244,889
- Current portion of long-term debt +€160,361
new in 2025: €160,361
- Gross operating margin +€535,810
up €535,810, from -€155 to €535,655
- Other operating charges +€298,066
up €298,066 (+76952.0%), from €387 to €298,453
- Write-downs +€214,237
new in 2025: €214,237
- Depreciation +€165,773
up €165,773 (+49212.7%), from €337 to €166,110
- Financial charges +€109,015
up €109,015 (+1275033.7%), from €9 to €109,024
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.
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 | €956,949 | €7,764,849 | +€6.8m | +711.4% |
| Formation expenses | 20 | €1,498 | €1,131 | -€367 | -24.5% |
| Fixed assets | 21/28 | - | €7,514,533 | +€7.5m | |
| Tangible fixed assets | 22/27 | - | €7,514,533 | +€7.5m | |
| Land and buildings | 22 | - | €7,514,533 | +€7.5m | |
| Current assets | 29/58 | €955,451 | €249,185 | -€706,266 | -73.9% |
| Amounts receivable within one year | 40/41 | - | €39,583 | +€39,583 | |
| Trade receivables | 40 | - | €39,583 | +€39,583 | |
| Current investments | 50/53 | €750,000 | €0 | -€750,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €205,451 | €209,602 | +€4,150 | +2.0% |
| Total equity and liabilities | 10/49 | €956,949 | €7,764,849 | +€6.8m | +711.4% |
| Equity | 10/15 | €60,612 | -€183,389 | -€244,001 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€888 | -€244,889 | -€244,001 | -27482.5% |
| Amounts payable | 17/49 | €896,337 | €7,948,238 | +€7.1m | +786.7% |
| Amounts payable after more than one year | 17 | €895,795 | €7,786,783 | +€6.9m | +769.3% |
| Financial debts | 170/4 | - | €6,700,989 | +€6.7m | |
| Other amounts payable | 178/9 | €895,795 | €1,085,795 | +€190,000 | +21.2% |
| Amounts payable within one year | 42/48 | €542 | €161,051 | +€160,508 | +29589.5% |
| Current portion of amounts payable after more than one year | 42 | - | €160,361 | +€160,361 | |
| Trade debts | 44 | €155 | €302 | +€147 | +94.9% |
| Suppliers | 440/4 | €155 | €302 | +€147 | +94.9% |
| Other amounts payable | 47/48 | €387 | €387 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €337 | €166,110 | +€165,773 | +49212.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €214,237 | +€214,237 | |
| Other operating charges | 640/8 | €387 | €298,453 | +€298,066 | +76952.0% |
| Gross operating margin | 9900 | -€155 | €535,655 | +€535,810 | |
| Operating profit (loss) | 9901 | -€879 | -€143,145 | -€142,265 | -16179.4% |
| Financial income | 75/76B | €0 | €11,668 | +€11,668 | +116683100.0% |
| Recurring financial income | 75 | €0 | €11,668 | +€11,668 | +116683100.0% |
| Financial charges | 65/66B | €9 | €109,024 | +€109,015 | +1275033.7% |
| Recurring financial charges | 65 | €9 | €109,024 | +€109,015 | +1275033.7% |
| Profit (loss) for the period before taxes | 9903 | -€888 | -€240,500 | -€239,612 | -26988.2% |
| Income taxes | 67/77 | - | €3,501 | +€3,501 | |
| Profit (loss) for the period | 9904 | -€888 | -€244,001 | -€243,113 | -27382.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€888 | -€244,001 | -€243,113 | -27382.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.