IMMOFORT: 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.
IMMOFORT
Largest movements
- Cash +€193,467
new in 2025: €193,467
mainly Investment in fixed assets (net) (+€170,478) and Net result for the year (+€108,130)
- Tangible fixed assets -€177,783
down €177,783 (-56.3%), from €315,875 to €138,091
- Receivables within one year +€24,898
new in 2025: €24,898
- Reserves +€38,730
up €38,730 (+3,050%), from €1,270 to €40,000
of which Distributable reserves: +€40,000
- Profit (loss) carried forward +€38,130
up €38,130, from -€34,819 to €3,311
- Current portion of long-term debt -€17,672
down €17,672 (-50.7%), from €34,859 to €17,187
- Debts after one year -€17,187
down €17,187 (-23.5%), from €73,045 to €55,858
- Other debts -€15,095
down €15,095 (-1.5%), from €985,889 to €970,794
- Gross operating margin +€127,922
up €127,922 (+420%), from €30,484 to €158,406
- Taxes +€32,385
new in 2025: €32,385
- Purchases and services +€14,570
up €14,570 (+238%), from €6,130 to €20,699
- Depreciation -€6,157
down €6,157 (-45.7%), from €13,463 to €7,305
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 | €1,083,727 | €1,119,996 | +€36,269 | +3.3% |
| Fixed assets | 21/28 | €1,071,513 | €893,730 | -€177,783 | -16.6% |
| Tangible fixed assets | 22/27 | €315,875 | €138,091 | -€177,783 | -56.3% |
| Land and buildings | 22 | €315,875 | €138,091 | -€177,783 | -56.3% |
| Financial fixed assets | 28 | €755,638 | €755,638 | = | 0.0% |
| Current assets | 29/58 | €12,214 | €226,266 | +€214,052 | +1,752% |
| Amounts receivable within one year | 40/41 | - | €24,898 | +€24,898 | |
| Other amounts receivable | 41 | - | €24,898 | +€24,898 | |
| Cash at bank and in hand | 54/58 | - | €193,467 | +€193,467 | |
| Deferred charges and accrued income | 490/1 | €12,214 | €7,901 | -€4,313 | -35.3% |
| Total equity and liabilities | 10/49 | €1,083,727 | €1,119,996 | +€36,269 | +3.3% |
| Equity | 10/15 | -€14,949 | €63,180 | +€78,130 | |
| Contributions | 10/11 | €18,600 | €19,870 | +€1,270 | +6.8% |
| Reserves | 13 | €1,270 | €40,000 | +€38,730 | +3,050% |
| Non-distributable reserves | 130/1 | €1,270 | - | -€1,270 | |
| Reserves not available under the articles | 1311 | €1,270 | - | -€1,270 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | -€34,819 | €3,311 | +€38,130 | |
| Amounts payable | 17/49 | €1,098,676 | €1,056,815 | -€41,861 | -3.8% |
| Amounts payable after more than one year | 17 | €73,045 | €55,858 | -€17,187 | -23.5% |
| Financial debts | 170/4 | €73,045 | €55,858 | -€17,187 | -23.5% |
| Amounts payable within one year | 42/48 | €1,022,031 | €997,357 | -€24,674 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €34,859 | €17,187 | -€17,672 | -50.7% |
| Financial debts | 43 | €1,283 | - | -€1,283 | |
| Credit institutions | 430/8 | €1,283 | - | -€1,283 | |
| Trade debts | 44 | - | €376 | +€376 | |
| Suppliers | 440/4 | - | €376 | +€376 | |
| Taxes, remuneration and social security | 45 | - | €9,000 | +€9,000 | |
| Taxes | 450/3 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €985,889 | €970,794 | -€15,095 | -1.5% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,130 | €20,699 | +€14,570 | +238% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,463 | €7,305 | -€6,157 | -45.7% |
| Other operating charges | 640/8 | €5,471 | €5,646 | +€175 | +3.2% |
| Gross operating margin | 9900 | €30,484 | €158,406 | +€127,922 | +420% |
| Operating profit (loss) | 9901 | €11,551 | €145,455 | +€133,904 | +1,159% |
| Financial income | 75/76B | - | €145 | +€145 | |
| Recurring financial income | 75 | - | €145 | +€145 | |
| Financial charges | 65/66B | €5,583 | €5,085 | -€498 | -8.9% |
| Recurring financial charges | 65 | €5,583 | €5,085 | -€498 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,968 | €140,515 | +€134,548 | +2,255% |
| Income taxes | 67/77 | - | €32,385 | +€32,385 | |
| Profit (loss) for the period | 9904 | €5,968 | €108,130 | +€102,162 | +1,712% |
| Profit (loss) for the period to be appropriated | 9905 | €5,968 | €108,130 | +€102,162 | +1,712% |
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.